FEPS Fresh Thinking

Yesterday’s decision of the European Central Bank to cut its key interest rate below zero and the other measures announced are more than a European way of the U.S. Quantitative Easing (QE). The ECB cut its main refinancing rate to 0,15% and its deposit rate from zero to minus 0,1%. The European Central bank is… » read more

Posted by Ernst Stetter

Two days after the European elections the European parliamentarians took the initiative. The leaders of the groups in the European Parliament met and agreed to propose Jean-Claude Juncker as candidate for the presidency of the European Commission. The European Council, convoked by its president Hermann van Rompuy for yesterday night, was stunned by this quick… » read more

Posted by Ernst Stetter

1. The European election campaign undoubtedly helped the European Union to do an enormous step towards greater politicisation. Nevertheless the European Union is still far away to be a transnational democracy. There was still no unifying topic that mobilised voters across member states. 2. The decision of the PES (Party of European Socialists) after the… » read more

Posted by Ernst Stetter

Invited yesterday to speak at a conference of the S&D Group in the European Parliament I raised the crucial question of the European Common Foreign and Defence Policy of the sharing of sovereignty. Looking on the current state of the CFSP one has to admit that there is some “movement”. It seems also that many… » read more

Posted by Ernst Stetter

During the weekend I received some emails and comments on the proposal to establish the transatlantic trade and investment partnership (TTIP/TAFTA). Talks between the EU and US started this summer. In the public debate taking place in Europe over the TTIP negotiation, it seems that we Europeans have to accept US standards and law and… » read more

Posted by Ernst Stetter

Some points on the German elections 1. Success for Angela Merkel’s personalisation of German elections! Without doubt – this election result on Sunday represents a success for the playing out of the persona of Angela Merkel but this is not a victory for the party. The strategy of her campaigners paid off. The SPD did… » read more

Posted by Ernst Stetter

Coming back from summer – the time of year when I spend most time with nature and appreciate the best things in life – I was quite astonished at the rate at which we are destroying Mother Nature. And for what benefit? There seem to be so many ‘environmental’ issues at the moment, which are… » read more

Posted by Ernst Stetter

Last week, the European Council gave a clear sign that the EU is back in the Sixties. The heads of state are not willing to go further in sharing sovereignty and concede more power to the European institutions. Europe as it currently functions is not a Europe shaped with regard to the challenges ahead. It… » read more

Posted by Ernst Stetter

In a conference organised by Policy Network in London this week, Lord Tony Giddens argued, in a session I had the honour to chair, that the problems we are facing at the moment are not just European but also global. The key question facing Europe, as well as the US, China, India and Africa, is… » read more

Posted by Ernst Stetter

A lot has been written in recent years since the crisis started about values and the European Social Model. Although funnily enough, most of these are the same values as they were over a century ago in the progressive movement and are still very relevant today. The European Union states six core values in its… » read more

Posted by Ernst Stetter