EconoGraphics

The 12th round of negotiations for the Transatlantic Trade and Investment Partnership (TTIP) concluded last week in Brussels on an optimistic tone. The Chief Negotiator for the EU announced significant advances in most negotiating areas, including on the Investor-State-Dispute Settlement (ISD), which had been frozen for months. His US counterpart expressed confidence in reaching an ambitious deal in the second half of the year, rejecting calls for a “TTIP lite”.

Read More

The 12th round of negotiations for the Transatlantic Trade and Investment Partnership (TTIP) unfolded this week in Brussels between the EU and their American counterparts. At a time when both parties are stuck with weak growth (and persistent high unemployment in Europe), the importance of TTIP cannot be understated. When the deal is reached, it will govern the ties between combined $35 trillion dollar economies, with $5.5 trillion in commerce every year that generates up to 15 million jobs on both sides of the Atlantic. In terms of Foreign Direct Investment (FDI), the US and the EU are each other’s primary destination. Even in the wake of rising investment to and from China, it pales when compared to accumulated stocks of transatlantic FDI, as can be seen in the graphic.

Read More

In the past weeks, the Portuguese government and EU authorities have engaged in a tug of war over the Portuguese budget proposal for 2016. The European Commission (EC) warned the newly elected anti-austerity government that it risked “serious non-compliance” with the EU’s fiscal rules. Finally, Lisbon narrowly avoided becoming the first Eurozone country to have its budget rejected by Brussels, as it agreed to additional tax hikes and spending cuts.

Read More

Why are Google, Apple or Facebook American-born but not European? Concerns about Europe’s lack of innovative start-ups prompted the European Commission (EC) to launch the Entrepreneurship 2020 Action Plan, aimed at bolstering entrepreneurship culture. Yet blaming European culture would be misleading as vibrant start-up ecosystems in London, Berlin, Milan or Amsterdam attest. In fact, the number of startups in Europe is similar to the US in relative terms, according to the Startup Europe Partnership (SEP).

Read More

Europe's fragile recovery has been ailing from low levels of investment. While GDP and consumption have surpassed their pre-crisis levels, by the end of 2014 gross capital formation was still around 15% below its 2007 peak (€230 billion to €370 billion less than the EU's long term investment average). That is why the EU launched an ambitious investment plan, the European Fund for Strategic Investments (EFSI). Its goal is to unlock investments of €315 billion over 3 years and create more than 2 million jobs.

Read More

Refugees are pouring into the European Union (EU) at a scale not seen since the Second World War. In 2015 alone, 893.695 applied for asylum, up from around 250.000 in 2010, according to Eurostat. The magnitude of these influxes has rocked the EU boat, prompting yet another consequential crisis on top of last year’s Greek bailout and the incoming referendum on the UK’s permanence.

20160201 Econographics

Read More

Oil prices have fallen to their lowest since 2003, sitting under $30 a barrel in recent days. Declining expectations of global growth plus the addition of post-sanction Iranian supply don’t spell a substantial price recovery in the immediate future. Under this new market realities, oil-exporting countries come in different form to weather the storm.

20160125 econographics

Read More

As Greece entered in 2016, the first review of the bailout agreed in August 2015 is not completed yet. Creditors and the Greek Government are meeting next week to discuss a plan for major reforms of the pension system. The goal is to assure the long-term sustainability of the Greek public finances, with proposed cost-saving measures targeting 1 percent of its GDP. Proposals include raising social contributions from employers and employees and consolidating multiple pension organizations into a single operator, among others.

20160115 Econographics

Read More

Europe has virtually emerged from the 2008 crisis, and it is worth comparing the various paths countries took to recovery.

20121216 econographics

Read More

On December Third, European Central Bank (ECB) President Mario Draghi, announced that quantitative easing (QE) would continue as the EU marches along its road to recovery.

20151209 econographic

Read More