CEPS Activities. Review 2012 – Preview 2013
CEPS Activities. Review 2012 – Preview 2013

Author(s): H. Onno Ruding, Karel Lannoo, Daniel Gros, Staffan Jerneck, Marco Incerti, Sally Scott
Subject(s): Supranational / Global Economy, Energy and Environmental Studies, Governance, Economic policy, Environmental and Energy policy, International relations/trade, Economic development, EU-Accession / EU-DEvelopment, Financial Markets, Fiscal Politics / Budgeting
Published by: CEPS Centre for European Policy Studies
Keywords: Euro crisis; Economic and Monetary Union; financial crisis; policy measures; government; financial markets; banks; economic policy; economic development; EU foreign policy; energy; climate changes; environmental policy;
Summary/Abstract: The euro crisis has inflicted severe financial, economic and political damage in all countries of the eurozone and beyond. Progress was made in 2012 to address these problems and to reduce the risk of repetition but they are by far not yet fully overcome. The good news is that this crisis has forced agreement on policy measures towards more centralised, European decision-making, which was unthinkable only a few years ago, and towards more European integration in those policy areas where this is needed. The recent positions taken by member countries in the European Council testify to the need as well as the difficulties of making real progress, requiring a combination of substantial solidarity and tough discipline on the part of all countries leading to further transfer of national sovereignty.

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