Press
This crisis could be the making of Europe's carbon market
30 March 2022
Financial Times
Elisabetta Cornago at the Centre for European Reform advocates bringing forward a centralised social aid fund proposed in a future ETS on heating and road transport.
Why leaders won't tell Europeans to put on a sweater to beat Putin
30 March 2022
Politico
Avoiding the issue of reducing consumption is doing Europeans a disservice, said Elisabetta Cornago, an energy policy researcher at the Centre for European Reform. “It's failing to actually help consumers make the link between their energy bills, the energy insecurity that we are potentially facing and the war in Ukraine.”
A mix of clear messaging and financial incentives could make voluntary energy-saving “palatable” to consumers, she added. “It might be better to do this than reach a point where you need to actually restrain consumption.”
A mix of clear messaging and financial incentives could make voluntary energy-saving “palatable” to consumers, she added. “It might be better to do this than reach a point where you need to actually restrain consumption.”
Ask CER - Episode 4: Phasing out Russian gas, UK-EU relations and Hungary's response to the war
30 March 2022
You asked, we answered: the fourth episode of our ‘Ask CER’ podcast series.
Why Russia's invasion of Ukraine could spark a NATO defense spending spree
30 March 2022
CNBC
"The Russian invasion of Ukraine was a wake-up call for a lot of Germans, for politicians, and for voters, who previously I think, would have been skeptical that military power could still be an important tool of influence in Europe today," said Sophia Besch, senior research fellow at the Centre for European reform, in an interview with CNBC.
Poland embraces West amid Ukraine crisis after years of drifting away
26 March 2022
The Washington Post
Camino Mortera-Martinez, head of the Brussels office of the Center for European Reform, said she worries that the Ukraine crisis will effectively grant Poland a “get out of jail free pass.”She believes the European Commission will unfreeze the money “not because Poland needs it, but because it does not want to risk the unity of the bloc at this moment.”
Tripling down on green
25 March 2022
Financial Times
The Centre for European Reform argues not for a doubling but a tripling down on green investments in Europe, including by fresh joint borrowing modelled on the Recovery and Resilience Facility “to focus on energy that is green and secure, that is on projects that can rapidly reduce the need for imported fossil fuels.
Necesitamos balas. Y un plan para no usarlas
24 March 2022
El Periodico
A medida que la guerra se alarga, nosotros, los europeos, vamos entendiendo cada vez menos. Sin apoyo social, no hay unidad europea.
European lawmakers reach deal on sweeping new digital-competition law
24 March 2022
The Wall Street Journal
“This will be the first comprehensive attempt at making digital markets more competitive,” said Zach Meyers, a senior research fellow with the Centre for European Reform think tank. “And when you look at what the UK and the US and other countries are doing, even if they’re not replicating the DMA, they’re certainly inspired and influenced by it.”
China is winning the cyberwar
24 March 2022
The American Conservative
Sanctions are very much in vogue, so I asked Ian Bond of the Centre for European Reform, if the US should sanction China for its cyber provocations. He said it depends: “Intrusions for espionage purposes [commercial or against the state] are annoying, but part of the normal business of states.” Offensive action, on the other hand, such as “strikes that cripple critical national infrastructure, might rise to the level of an act of war if they cause casualties,” Bond added.
TRT World: NATO leaders meet in Brussels to discuss conflict response
24 March 2022
An emergency summit of NATO leaders is taking place in Brussels. They’re expected to discuss ways of bolstering the alliance’s support for Ukraine, while also looking to put more pressure on Russia. Ian Bond, director of foreign policy at the CER weighs in on possible outcomes.
EPI drops card plans after member banks pull the plug
23 March 2022
VIXIO
The interchange and scheme fee component is typically set by Visa and Mastercard, which compete with each other to offer the best revenue incentives for their customer banks. Hence, if the EPI succeeds, banks will likely lose revenue, said Zach Meyers, senior research fellow at the Centre for European Reform. This set-up has created several challenges for the EPI, Meyers told VIXIO.
Amid protests, Europe limited in curbing high energy prices
23 March 2022
AP
“The main problem is that these measures [energy tax cuts] to keep energy prices low will also suppress incentives for energy efficiency, for investment in green energy generation, and for electrifying sectors that currently rely on fossil fuels — so they could make the long-term pain of adjustment harder,” Cornago said.
OBR report suggests Brexit means UK 'missed out' on global trade recovery
23 March 2022
The National
Cited as evidence for this statement [that UK good exports to the EU were down by 18 per cent on 2019 levels] is a report from John Springford, the deputy director of the Centre for European Reform in London. Entitled “The Cost of Brexit: December 2021”, the report found a weak overall UK goods export performance compared to if the UK had stayed in the EU.
UK economy feeling the pain a year on from Brexit
22 March 2022
International Banker
“A loss of 4-5% of GDP is a big deal,” wrote John Springford, deputy director of the Centre for European Reform (CER), in a research note, agreeing with the OBR’s prediction. “Governments everywhere would leap on a policy that would raise GDP by 5%.”
Sanctioning Russia: A co-operative endeavour, not a competitive sport
22 March 2022
Encompass
The West surprised many with its decisive response to Russia’s invasion of Ukraine, imposing an unprecedented set of economic sanctions on Russia.
The data provisions in the EU's upcoming Big Tech law
22 March 2022
iapp
"Most of the studies leading up to the DMA recognize that gatekeepers' privileged access to data is a key reason why they have entrenched market power. There are legitimate concerns, too, that gatekeepers are withholding information from their business users to keep the market opaque," Zach Meyers, a research fellow at the Centre for European Reform, said.
Ukraine crisis another nudge for joint EU bonds
21 March 2022
Reuters
Christian Odendahl, chief economist at the Centre for European Reform, sees the war, which Moscow calls a "special military operation", as a turning point of sorts for Europe, even if the road remains unclear. It would affect European "integration as much or more as the COVID crisis helped propel a joint fiscal capacity and borrowing, which were both unthinkable when corona was still a beer," Odendahl said.
Zelensky's mission: To shake Europe out of business as usual
18 March 2022
The Australian Financial Review
“As the conflict escalates, maintaining European and Western unity is likely to become more difficult – not least because Putin will try to undermine it in every way he can,” analysts at the Centre for European Reform wrote this week.“So far, support for Ukraine has seemed relatively risk-free for European publics. But Putin will do all he can to change this perception and curtail European military assistance to Ukraine.”
Unia Europejska dalej finansuje Putina. Dziurawe sankcje na Rosję
15 March 2022
Do Rzeczy
Działania UE są niespójne. Odcinamy Bank Rosji od rezerw dewizowych, ale codziennie wysyłamy tam 600–700 mln euro – podkreśla Zach Meyers, ekspert Centre for European Reform w Londynie. Ekspert podkreśla, że Zachód musi wprowadzić embargo na energię. Takie sankcje musiałyby być natychmiastowe, gdyż stopniowe embargo pozwoli Rosji znaleźć nowe rynki zbytu.
What would Russian WMDs mean for NATO's 'red lines'?
15 March 2022
Deutsche Welle
Ian Bond, director of foreign policy at the Centre for European Reform, told DW that, though such a scenario is implausible, it's not impossible. Given Stoltenberg's rhetoric, Bond said, it's likely "that the Russians are doing things that suggest they are preparing to launch that kind of attack somewhere.”But it's the "somewhere" that makes all the difference under the alliance's current posture. "NATO, rightly or wrongly, has drawn this bright red line that says we're not going to defend Ukrainian soil, but we will defend NATO soil," he said.