Series

The Centre for European Policy Studies (CEPS) performs independent, solutions-centered policy research on a variety of EU and European-oriented topics. It then disseminates its findings and conclusions via a regular flow of publications and public events. As part of this information flow, CEPS Commentaries provide concise policy-oriented insights into European affairs.

Publishers: Centre for European Policy Studies (CEPS)
Publications: The Case for a Euro-Arab Summit
To Filter or Not to Filter - That is the Question
Why are Illiberal Democrats Popular?
Brexit and the Challenge of Citizenship: British Passports for EU Citizens Living in the UK?
Macron´s Victory brings New Hope across Europe on Several Fronts
The Macedonian Crisis: A Failure of EU Conflict Management?
Why the EU Should Terminate Accession Negotiations with Turkey
Libya: The Strategy that Wasn´t
EU-China Leadership in Trade Policy: Feasible? Desirable?
How the EU Should Respond to Erdoğan´s Constitutional Coup D´État
Ukraine´s Unimplemented Anti-Corruption Reform
The Integration of Immigrants and Legal Paths to Mobility to the EU: Some Surprising (and Encouraging) Facts
Scotland Knows What it Wants with the EU, While London Seems Still Not to Know
The EU´s Winter Package for European Security and Defence
Climate Policy in 2025 - After Eight Years of Trump in the White House
Can Trump Save the Euro?
Renzi´s Defeat is Not Another Victory of Populism
A Hard Brexit is the Last Thing Japan Wants
Can Germany Save Italy?
Can the EU Help Prevent Further Conflict in Iraq and Syria?
Brexit and the Distribution of Power in the Council of the EU
Soft Brexit is Not an Option
Brexit and Social Security in the EU
Trump´s Election Foreshadows Further Divisions in Europe
How Far Should We Push Globalisation?
EU-Armenian Relations: Seizing the Second Chance
The Brexit Negotiations: An Italian Perspective
Does Wallonia´s Veto of CETA Spell the Beginning of the End of EU Trade Policy?
Switzerland: Migration Quotas Versus Market Access
Turkey´s Putsch and Purge: Why and How the EU Should Re-engage with Ankara
What Does Brexit Mean for the EU´s Area of Freedom, Security and Justice?
Why Moldova’s European Integration is Failing
What Caused the Eurozone Crisis?
The EU's Enlargement Strategy 2015: Will the 'New Elements' Make a Difference?
Europe’s Self-defence: Tous Pour Un et Un Pour Tous?
Will Cameron get What he Wants? Anticipating Reactions to Britain's EU Reform Proposals
The Impact of Sanctions against Russia
The End of German Hegemony
No Need for Walls to Equitably Distribute the Refugees
China's Slowdown: When the Dragon Catches the Flu, Europe Sneezes
The Greek Elections and the Third Bailout Programme
Treat the Root Causes of the Asylum Crisis, Not the Symptoms
Syria: An End to the Hands-off Policy
Monetary Policy and the Over-investment Cycle
The Nuclear Deal with Iran: Le moment suprême?
Poor Greeks or Lazy Greeks?
Latvia’s EU Presidency: Less is More
The Greek Economy is Unlikely to Benefit from further Devaluation
EU Naval Force EUNAVFOR MED Sets Sail in Troubled Waters
Enhancing the Prospects of the EU's Deep and Comprehensive Free Trade Areas in the Mediterranean
The Euro as a Foreign Currency for Greece
Greece is Solvent but Illiquid: What Should the ECB Do?
The QE Placebo
Can the Greek State Pay for Itself?
Building a Capital Markets Union or Designing a Financial System for the Euro Area?
The Eastern Partnership after Riga
Last Chance for Europe in the Digital Saloon?
Why Greece is Different
The Case for a European Unemployment Benefit Scheme
Britain’s Political Earthquake: What Aftershocks for Europe and the UK?
Paris 2015: What's in it for the EU?
TRAC: A Market-based Tax on Capital Flight as an Alternative to Grexit
What Priorities for the New European Agenda on Migration?
The Worsening Crisis in Macedonia - Waiting for EU Leadership
Putin: The Morally Depraved Degradation of a Strong State Leader
UBER: Innovation or Déja Vu?
Closing Financial Institutions on Both Sides of the Atlantic
The End of Fiscal Waterboarding
Is There Reason to Hope for Minsk II?
Corporate Taxation in Europe: Let's Get it Together!
Mogherini’s First 100 Days: Not the Quiet Diplomat
The Greek Austerity Myth
Danish Currency Wobbles: A Positive Unintended Side Effect of the ECB's QE?
A Greek Way Out?
The Cost of Servicing Greece's Debt: A Sisyphean Task?
The Rocky Road to an EU-Armenia Agreement: From U-Turn to Detour
Grexit 2015: A Primer
The End of an Overlooked Currency War
Time for the ECB to Bite the Bullet
The Price of Oil and Soviet/Russian Aggressiveness
Moldova in 2015: A Decisive Year in its Future
The European Court of Justice Blocks the EU’s Accession to the ECHR
The EU and its Neighbours: Predictions for 2015
Is a Concordat over Ukraine Now Conceivable with Mishka the Bear?
A New Balance of Power in the Council? Yes, But Not Yet
Making the Most of Energy Union
Energy Union: Can Europe Learn from Japan’s Joint Gas Purchasing?
Preventing Collapse in Ukraine: The EU Should By-pass Kyiv and Channel Financing Directly to the Grass Roots
The Declared End of South Stream and Why Nobody Seems to Care
Triangular Geopolitics in Europe’s Eastern Neighbourhood
Saving Libya from Itself: What the EU Should Do Now
The Juncker Plan: From €21 To €315 billion, Through Smoke And Mirrors
The US-China Joint Announcement On Climate Change: Can the G2 Make A Difference?
Diplomatic Spin: EU3+3 Talks on Iran’s Nuclear File
The Dano Case: Or Time for the UK to Digest Realities about the Balance of Competences between the EU and National Levels
A Silver Bullet for the ECB
Europe's Dog in the Nighttime
The Case of the Disappearing Fiscal Compact
What Cameron Should Have Known
“An Appalling Way to Behave”
The ECB AQR and the EBA Stress Test
The 2015 Climate Agreement: What’s in it for the EU?
The EU-Ukraine-Russia Sanctions Triangle
Fighting Deflation: Would QE Work in the Euro Area?
Cities: The Juncker Commission Should not Miss this Key to Growth, Jobs and the Environment
Time for Some Shock (Absorption): Priorities for the New Commission
Making the Institutions Work Better and More Effectively Together
A Financial Markets Policy for the Next 5 Years
Priorities for the Next Legislature: EU External Action
What can the Better Regulation Commissioner do for the EU?
Juncker’s Mission to the New Energy Team
A New Start for the EU’s Area of Freedom, Security and Justice?
With the Scottish Vote, Brussels Can Heave a Great Big Sigh of Relief
The Government Europe Deserves?
The Juncker Commission
How Should the EU Respond to Russia's War in Ukraine?
Why The Regulatory Witch-Hunt For ‘Closet Trackers’ Is A Dead-End
European Sanctions Compensation Fund?
The Transatlantic Growth Gap
Overthrowing Secrecy
Is the ‘American Lake’ Drying up in the China Sea?
Europe, Wake Up!
Juncker Raises High Expectations with Ambitious Agenda
Rounding Out a Satisfactory Trio Presidency
Lessons from the Great War: Failure of Leadership
The New European Parliament: Workable but Impaired?
Relative Direct Democratic Legitimacy
Care for the Old Rather than Sleepwalk into War in East Asia
Towards a New Constitutional Blueprint for Bosnia and Herzegovina
A Gas Hub for Ukraine
Europe is Still Standing
Never Mind the Spitzenkandidaten: It’s All about Politics
Towards a Fresh Deal for Ukraine, the EU and Russia and their Neighbourhood Policies: 15 Steps
Common Misconceptions about Elections to the European Parliament
Macedonia: Illiberal Democracy
The Case for EU Police Mission Ukraine
Impact of the ‘Big Bang’ Enlargement on EU Foreign Policy: 10 Years On
How to Save Ukraine
Ukraine and Security Disorder in Europe – A Defining Moment for the OSCE?
Restarting Ukraine’s Economy
What Role for Migration Policy in the Ukraine Crisis?
Common Security and Defence in 2014: Revise and Resubmit
Europe’s Ungainly Banking Revolution
Early Parliamentary Elections in Macedonia
On Ukrainian Gas Transit and South Stream
What Makes Greece Special?
The Social Impact of Migration and the Notion of Citizenship for the EU
Is Europe Vulnerable to Russian Gas Cuts?
Putin's 'Couldn’t Care Less' Attitude towards Russia’s International Commitments
Ukraine: A Week of Testing Red Lines Ahead
Abolishing Oil Indexation in Gas Contracts: Is it the Cure-all?
The End of Chocolate Box-style Integration? EU-Swiss Relations after the Referendum
Shaping the Emerging Consensus on Syria
Kyiv – in Memoriam; Brussels - Think Big; Moscow - Big Rethink
Europe’s Ungainly Banking Revolution
Mellowing Meroni: How ESMA Can Help Build the Single Market
Will the Readmission Agreement Bring the EU and Turkey Together or pull them Apart?
Yes, it’s the Economy Stupid, but is it Demand or Supply?
Descent from Banking Union to Political Chaos
Bilateral Disputes: A Dark Cloud over the Balkans
A European Glass-Steagall to Preserve the Single Market
Exceeding Expectations, Lithuania Moves the Trio Presidency Forward
What Direction for Reforms in China?
Who Will Monitor the Spies?
What Does the UK Want from an EU Renegotiation, and What Terms Can it Expect?
The New EU Climate and Energy Package
The SRM and the Dream to Resolve Banks Without Public Money
The Bank Resolution Compromise: Incomplete, but Workable?
Who Lost Ukraine?
The EU Special Representatives: A Dying Breed?
Germany as Scapegoat
Navigating the Road from Warsaw Towards a Climate Agreement in 2015
Taking Stock after the Warsaw COP
A Post-mortem of the Vilnius Summit
Cameron’s Proposals to Limit EU Citizens’ Access to the UK
The Visegrad Group and Germany: Towards a New Paradigm
The European Banking Disunion
Egypt and the EU: Where Next?
The Legacy of Austerity in the Eurozone
Vanishing Lines in the Sand: Why a New Map of the Middle East is Necessary
Have the Germans Lost their Trust in Europe?
Putin’s Grand Design to Destroy the EU’s Eastern Partnership and Replace it with a Disastrous Neighbourhood Policy of his Own
Banking Union in Sight Five Years on
Emerging Markets' Euro Nemesis
Syria and the Red Lines of International Law
The EU’s Economic Policy Architecture after Ratification of the Fiscal Stability Treaty
Has Austerity Failed in Europe?
Down the Road to Dubrovnik – Doing Without an Ottoman Empire Bypass Bridge
What’s Wrong with Europe’s Banks?
The Dutch Wish-List for a Lighter Regulatory Touch from the EU
The Puzzle in the Bits: Cybersecurity, Digital Warfare and the Future of Internet Governance
Combating Youth Unemployment: The Latest European Fad?
Capital Controls in Cyprus: Shooting at a Moving Target
Does the Key to a WMD-free Middle East Lie in a Nuclear Iran?
Too Cold to Handle: EU Accession Talks with Iceland
Time to Move North?
Thessaloniki Ten Years on: Injecting Momentum into the Enlargement Process for the Western Balkans
The Austerity Debate is Beside the Point for Europe
The Boston Marathon and the Visa Negotiations between the EU and Russia
Harmonising Corporate Taxation in the EU
Facilitated Dialogue in the Balkans Vindicates the EEAS
Portugal: In Economics, we Call it Conflict of Interest!
The Meaning of Cyprus
The New Bail-in Doctrine
Communication as a Policy Tool
Enlargement Agenda
Bank Bonus Compromise Bodes Ill for the Single Supervisory Mechanism
Two Decades on From the Break-Up of Czechoslovakia
Is Germany the Model to Follow?
Tunisia in Turmoil: How Should the EU React?
The Europe Barometer Points to Stormy Weather
Learning from Small Countries?
More Evidence that Financial Markets Imposed Excessive Austerity in the Eurozone
Strengthening the Strategic Choice Offered to the EU's Southern Mediterranean Neighbours
Castles in the Sand
The Cyprus Presidency
The Franco-German Alliance
How to Withdraw from the European Union?
The EU’s External Action Towards the Middle East
Why is the Greek Economy Collapsing?
Doha/COP 18: Gateway to a New Climate Change Agreement
EEAS Reloaded: Recommendations for the 2013 Review
The False Promise of a Eurozone Budget
The EU Budget Becomes Politically More Explosive
Chronicles of a Disagreement Foretold
Good Governance of Gender Balance
How to Avoid a Double-Dip Recession in the Eurozone
What Distinguishes the Euro Crisis from a 'Normal' Financial Crisis?
The Prize is More Peace
Banking Union: Ireland vs Nevada
The UK-Canada Agreement on Mutual Support of Missions Abroad
EU Global Peace Diplomacy
The Policy Mix and Macroeconomic Adjustment in the Euro Area
Enlisting Business to Help Loosen the Gordian Knot around Cyprus
Should Europe Be Fracking?
Free and Fair? A Challenge for the EU as Georgia and Ukraine Gear up for Elections
Duel between the EU and Argentina
This Recovery is Different
European Deposit Insurance: Financing the Transition
The EEAS and the Eastern Partnership: Let the Blame Game Stop
Beyond Entrenchment over Iran
The Roadmap to Banking Union
Preparing for a Post-Assad Syria: What Role for the European Union?
Adjusting to a Credit Cycle Bust
The EU’s Re-engagement as a Security Actor
An Incomplete Step Towards a Banking Union
History Does Not Move in a Straight Line
Eurozone as Home Country of Banks
Why an ESM Programme Could be a Kiss of Death
Countercyclical Regulation in Solvency II
Banking Union in the Eurozone and the European Union
Banking Union in Three Steps
CAP Reform: Will the European Parliament Take the Bull by the Horns?
Cleaning Up the Mess: Bank Resolution in a Systemic Crisis
Democracy vs the Eurozone
The Fiscal Economics of a Greek Exit
Implications of the Eurozone Crisis for EU Foreign Policy
A Self-Inflicted Crisis
EU Defence Policy after Chicago: Going Smart?
The Fading Rose of Georgia’s Revolution
EU Version of Basel III Runs into Trouble
Europe’s Misguided Search for Growth
Do the BRICS Make a Bloc?
Between a Rock and the Multiannual Financial Framework
The Big Easing
The Ukraine Question
How High the firewall? Potential Financing Needs for the Periphery
How Not to be a Lender of Last Resort
The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
Greece’s Soft Budgets in Hard Times
Farewell to the Liberal Technocrat?
Putin’s Faltering Return
The Commission’s CRD IV Requires a Deeper Reading
Seven Hazards in Cameron's Intended European Policy
Eastern Partnership: Still a Missing Link in EU Strategy?
The Decline and Fall of the Euro?
Post Durban: Moving to a Fragmented Carbon Market World?
The Arab Spring – Is it a Revolution?
‘Yes We Can’ Europe Can Solve This Crisis – If It Wants To
Can Austerity Be Self-Defeating?
Placing EU Banks under Undue Stress
The Responsibility to Protect and Regime Change
Who Cares About the Survival of the Eurozone?
What’s Wrong with Technocrats?
What is holding Italy back?
MiFID 2.0 Unveiled
China's Assistance Could do More Harm than Good in the Eurozone
East Goes Right, South Goes Left
Eurozone Bank Recapitalisations: Pouring Water into a Leaky Bucket
A Three-Pillar Firepower to Solve the European Sovereign Crisis
Poland and Slovakia: Drawing the Same Lesson from Two Different Events?
A Closer Look at Dexia
State Aid Lessons From 2008 for a 'Troubled Asset Relief Program' for the Euro
A Liquid Europe?
Will the Financial Transaction Tax (FTT) Enhance Stability?
The Political and Legal Logic for Palestinian Statehood
Debt Reduction Without Default
Can Greece 'Grow Solvent'?
Balanced Budget Fundamentalism
August 2011: What to Do When the Euro Crisis Reaches the Core
Refinancing the EFSF Via the ECB
Opinion Polls Support a More European Approach to the Crisis
From Pain to Gain on the EU Frontier
The Timoshenko Case and the Rule of Law in Ukraine
A Tale of Two Defaults
Privatisation is no Salvation
Review of the Review – of the European Neighbourhood Policy
The EU Budget Needs Fundamental Reform
Supporting the Challenges of Democratic Transition in Tunisia
Sovereign Debt Vs Foreign Debt in the Eurozone
Worth the Wait?
Tough Talk but Soft Conditions?
Greece and Portugal
Europe's Futile Search for Cheaper Money
The Tunisian Revolution
Dream House No More
Who Is Afraid of a Japanese Decade?
Innovation Requires an Efficient Strategic Energy Technology (SET) Plan
Slovakia's Courageous Gimmick
Time for Justice in Kosovo
The Eurozone Crisis and Its Effects on Citizens' Trust in National Parliaments
What Size Is the Fire Exit?
All Together Now?
The Cost of America's Free Lunch
A (Short) To-Do List for the G20
A Mechanism of Self-Destruction of the Eurozone
A Post-Mortem on the European Council
Rendez-vous with Eastern Europe
The EU Should Harness Domestic Politics, Not Fines, to Bring Deficits into Line
Liquidate or Liquefy?
Some Reflections on the EU Budget Review
The Circle that Cannot Be Squared
Diversity in European Banking
Competitiveness: Treat the Illness, Not the Symptoms
Decision Time for Europe on Climate Change
Europe in the IMF
The EU’s Diplomatic Debacle at the UN
Constitutional Referendum in Turkey
How to Level the Capital Playing Field
The Skills Deficit
Modernisation and a New Political Game in Russia?
The Bank Stress Tests
Required: A Bold Follow-up to Monti
Europe's Stressed Banks
Europe's Banks, Europe's Crisis
Time for a Tripartite Gas Pipeline Consortium for Ukraine
The Baltic-Russian History Controversy: From War to Diplomacy
Europe’s Competitiveness Obsession
Is Financial Failure an Option in the EU?
Financial Stability Beyond Greece
Russia and the European Court of Human Rights
Financial Stability Beyond Greece
When Financial Markets Force Too Much Austerity
President Yanukovich's Dubious Deal
Learning From the US Experience?
It’s High Time the Integrity of Economic Statistics is Seriously Safeguarded
The European Experience with Large Fiscal Adjustments
The Implications of a Greek Default for the Euro
The Greek Fiscal Adjustment Programme
Turkey Genocide Diplomacy
Who Can Save Greece?
How Social the Single Market?
Pain in Poland
Russia in Europe and the West
Greece and the IMF
Single Market Revival
A Greek Endgame?
Capital Brussels: What Kind of Political Actor Will the Lisbon EU Be?
Greek Burdens Ensure Some Pigs Won't Fly
Too Interconnected to Fail = Too Big to Fail
Lessons for Europe from the 1930s
Reinvigorating the EU's Role in the Post-Copenhagen Landscape
Why the Transatlantic Climate Change Partnership Matters More than Ever
The European Citizens' Initiative
The Copenhagen Accord
On Track. Moldova Wants EU Integration, but Needs to Do Its Homework First
Abnormalisation: The Bumpy Road to Turkish-Armenian Rapprochement
Who Drafts Better EU Regulation?
Fresh Opportunities from the Treaty of Lisbon
Why a Cap-and-Trade System May Be Bad for Your Health
A Border Tax to Protect the Global Environment?
The Yukos Decision
Gazprom's Changing Fortunes
The Dilemma of the Dollar
The Long Shadow of the Wall on Europe's Economy
Transforming Turkish Foreign Policy
Next Time Must Be Different
From Central Asian Strategy into EurAsian Strategy
Missile Defence: A View from Turkey
Obama's Missile U-Turn
To Coordinate or Not to Coordinate?
Scrapping the Missiles – A Tipping-Point?
Court Ruling Need Not Cause the Carbon Market to Unravel
Why It Feels Different
Lessons from the Czech EU Presidency
Less than 100 Days to Copenhagen
Economics in Crisis
Mind the Basel Gap
Russian Games with the WTO
China's Rise and the Changing Rules of the Game in the International Order
More Unity than Diversity
Government Debt Is Both Unsustainable and Desirable
Institution-Building in Action
A More Conservative Europe and EU!
Do We Detect Some Neo-Finlandisation in the Eastern Neighbourhood?
A Crisis Is a Terrible Thing to Waste
What's Next After the London G-20?
Gas Interconnectors in Europe
Gains for All
Reforming Global Governance
A Bit More Clarity, Please, M. de Larosière
Collapse in Eastern Europe?
Flexibility Is Out
Transparency on Banks' Balance Sheets?
Why a Bad Bank Needs to Be Big
Warning: Rating Agencies May Be Harmful to Your (Financial) Health
Gaza's Hell: Why the EU Must Change Its Policy
Inching Towards a Second Irish Referendum
Ireland's Plan to Resurrect the Lisbon Treaty to be Unveiled at the Brussels Summit
Europe’s Two Priorities for the G20
Returning to Narrow Banking
The Mega New-Generation Deal with Canada
Climate Change Policy after the Financial Crisis
A Call for a European Financial Stability Fund
Restoring Confidence
What Next for Europe’s Financial Markets?
A Concerted Approach to Re-Start the Interbank Market
Nationalizing Banks to Jumpstart the Banking System
Financing Climate Change
The Cost of 'non-Europe'?
Crisis Management Tools for the Euro Area
'No Recourse' and 'Put Options'
The Beginning of the End Game
The Twin Shocks Hitting the Eurozone
The Crisis, One Year On
Cherished Myths Have Fallen Victim to Economic Reality
The Logic of Leaving Oil in the Ground
It’s High Time to Create a Truly European System of Financial Supervisors
Plan B
The EU Budget at Risk of a New Policy Blunder
The US Housing Bust and Soaring Oil Prices
What Is Happening in Turkey?
The European Union 2005-2008
Prospects for the EU's New Generation of FTAs
Ownership Unbundling
Two Cheers for Christofias!
Act Now to Stop the Markets' Vicious Circle
Just How 'Revolutionary' Is Turkey's hadith Project?
Will CCCTB Be Stillborn?
Biofuels or Bicycles?
Is Europe's Housing Market Next?
The Maastricht Criteria for Banking
Decoupling: Can Europe Avoid Recession?
Is Continued Free Allocation to Industry Defensible?
Climate Change Meets Trade
The Vaxholm Case of Swedish 'Social Dumping'
Beyond the ‘Bali Roadmap’
Watch the Price of Carbon!
Two for the Price of One?
The EU Budget – Is This the Moment for Reform?
Banking Supervision Returns to the Forefront
MiFID Revolution or Delayed Execution
A Propitious Moment for the EU to Assert Itself in the Palestinian Occupied Territories?
What Exactly Is Happening in Turkey?
The New Deal, a Good Deal ?
Weighting Votes in the Council
A Little Clarification, Please, on the 'Union of the Mediterranean'
A New Approach to Policy Coordination in the EU
Germany's Regularisation of November 2006
The FSA Should Not Resist Takeover of Stock Exchange
Italy on the Brink?
The ECB Should Not Monopolise Securities Settlement
EU Membership Gives Romania New Opportunities in its Relations with Moldova
MiFID: A Regulatory Doomsday?
Why a Far-right Party Group in the Parliament Will Have Little Formal Influence, But Should Still Be Taken Seriously
Turkmenistan’s Uncertain Future
The Price of Energy Security
Trapped in Delusions: Democracy, Fairness and One-Share-One-Vote
Dear Turkey, Play it Long and Cool
Getting Local: Schengen, Prüm and the Dancing Procession of Echternach
When Were You Last Tested for HIV?
Could 'Policy Coherence for Development' Catalyse EU Council Reform?
Time for a Risk-Based UCITS
So No C&S Directive, but an ECB Run Settlement System?
Spring Market Volatility
Kaliningrad Transit and Visa Issues Revisited
The Hague Programme and the EU's Agenda on
A Europe of Projects Without a Plan?
Foreign Investment in the US
Iceland: Big Lessons from a Small Country?
After the Financial Services Action Plan
Housing Market: The Finance Side of the Story
How Asia's Reserve Accumulation Might Affect the Euro
Will Yield Spreads Remain Tight in Europe's Capital Markets?
The European Covered Bond Market
Corporate Bond Issuance Picks Up as Interest Rates Set to Rise
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