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<form action="search.html" method="get" enctype="application/x-www-form-urlencoded" novalidate> <div class="formbody"> <input type="text" name="query" id="ctrl_117" class="text" value="" placeholder="Search for articles"> <input type="image" src="/files/images/global-icons/icon-search-submit-purple.png" data-hover-src="/files/images/global-icons/icon-search-submit-blue.png" alt="Start search" title="Suche starten" width="28" height="28" id="ctrl_117_submit" class="submit"> </div> </form> </div>  <div class="header-navbar-articles"> <div class="inside"> <nav class="mod_customnav block"> <ul class="level_1"> <li class="first"> <a href="archive/year/2024/number/5.html">Current issue</a> </li> <li> <a href="archive.html">Volumes</a> </li> <li> <a href="authors.html">Authors</a> </li> </ul> </nav> </div> </div> </div> </div> </div> </header> <div id="container" class="content-container content-1-col"> <div class="inside"> <main id="main" class="content-main"> <div class="inside"> <div 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technological, economic and geopolitical shifts, Europe needs a forward-looking industrial policy to boost innovation, productivity, quality job creation, sustainability and growth. However, simultaneous crises, including the COVID-19 pandemic and the Russian war of aggression against Ukraine, have resulted in supply chain strains, rising energy prices and general uncertainty. Still, challenges can create opportunities for companies and citizens – if they are addressed properly. This Forum considers the priorities for the future of European industrial policy that are critical for the EU’s economic security.</p> <p class="slider-story-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/the-future-of-european-industrial-policy.html">Read more</a> </p> <div class="swiper-pagination"></div> </div> </div> <div class="swiper-button-next-wrapper swiper-button-wrapper"> <button class="swiper-button-next swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Previous Forum</title> <g id="icon-arrow-left-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 10.58625 1.58625 4.30875 7.875 18 7.875 18 10.125 4.30875 10.125 10.58625 16.41375 9 18 7.10542736e-15 9"></polygon> </g> </svg> </button> </div> <div class="swiper-button-prev-wrapper swiper-button-wrapper"> <button class="swiper-button-prev swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Next Forum</title> <g id="icon-arrow-right-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 7.41375 1.58625 13.69125 7.875 5.32907052e-15 7.875 5.32907052e-15 10.125 13.69125 10.125 7.41375 16.41375 9 18 18 9"></polygon> </g> </svg> </button> </div> </div> <div class="slider-story-item swiper-slide"> <div class="slider-story-image"> <img src="assets/images/4/AdobeStock_136106782-7a9bc30b.jpeg" srcset="assets/images/4/AdobeStock_136106782-7a9bc30b.jpeg 1x, assets/images/3/AdobeStock_136106782-970f71ae.jpeg 1.5x, assets/images/0/AdobeStock_136106782-5f44cb05.jpeg 2x" width="1080" height="570" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> <span class="offscreen" data-copyright="AdobeStock|136106782">AdobeStock|136106782</span> </div> <div class="slider-story-textbox"> <h3 class="slider-story-kicker-title"> <span class="slider-story-kicker">Forum · Issue 4 · 2024<br></span> <span class="slider-story-title"><a href="https://www.intereconomics.eu/contents/year/2024/number/4/article/ensuring-european-security-and-stability.html">Ensuring European Security and Stability</a></span> </h3> <div class="slider-story-doi"> </div> <div class="slider-story-teaser"> <p>Russia’s war of aggression in Ukraine has forced Europe to confront its shortcomings with regard to providing its own security and to reconsider its reliance on the United States, which may be – under a potential Trump administration – much less supportive. This Forum focuses on what needs to be done now to address Europe’s security concerns and guarantee stability for the foreseeable future. Is meeting NATO spending targets enough to support European defence? What would it take to make Europe more self-sufficient? How does Europe protect itself against malicious cyberattacks? And what role do women specifically play in supporting defence efforts and future reconstruction in Ukraine?</p> <p class="slider-story-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/4/article/ensuring-european-security-and-stability.html">Read more</a> </p> <div class="swiper-pagination"></div> </div> </div> <div class="swiper-button-next-wrapper swiper-button-wrapper"> <button class="swiper-button-next swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Previous Forum</title> <g id="icon-arrow-left-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 10.58625 1.58625 4.30875 7.875 18 7.875 18 10.125 4.30875 10.125 10.58625 16.41375 9 18 7.10542736e-15 9"></polygon> </g> </svg> </button> </div> <div class="swiper-button-prev-wrapper swiper-button-wrapper"> <button class="swiper-button-prev swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Next Forum</title> <g id="icon-arrow-right-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 7.41375 1.58625 13.69125 7.875 5.32907052e-15 7.875 5.32907052e-15 10.125 13.69125 10.125 7.41375 16.41375 9 18 18 9"></polygon> </g> </svg> </button> </div> </div> <div class="slider-story-item swiper-slide"> <div class="slider-story-image"> <img src="assets/images/7/shortages-41415ede.jpeg" srcset="assets/images/7/shortages-41415ede.jpeg 1x, assets/images/c/shortages-d24b8e37.jpeg 1.5x, assets/images/a/shortages-b8047ed4.jpeg 2x" width="1080" height="570" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> <span class="offscreen" data-copyright="AdobeStock|#516608718">AdobeStock|#516608718</span> </div> <div class="slider-story-textbox"> <h3 class="slider-story-kicker-title"> <span class="slider-story-kicker"><br></span> <span class="slider-story-title"><a href="https://www.intereconomics.eu/contents/year/2024/number/3/article/from-unemployment-struggles-to-labour-market-shortages.html">From Unemployment Struggles to Labour Market Shortages?</a></span> </h3> <div class="slider-story-doi"> </div> <div class="slider-story-teaser"> <p>After decades marked by struggles to combat high unemployment, today’s main challenge is labour market shortages. Since the aftermath of the COVID-19 pandemic and despite the economic slowdown driven by Russia’s invasion of Ukraine, EU labour markets have demonstrated remarkable resilience. Employment reached a record high in 2022 and the trend is expected to continue. Most companies, in the EU and beyond, are now struggling to fill vacancies. Labour and skill shortages in several sectors are the new problems to overcome. What are the reasons behind these shortages? Are these only temporary issues?</p> <p class="slider-story-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/3/article/from-unemployment-struggles-to-labour-market-shortages.html">Read more</a> </p> <div class="swiper-pagination"></div> </div> </div> <div class="swiper-button-next-wrapper swiper-button-wrapper"> <button class="swiper-button-next swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Previous Forum</title> <g id="icon-arrow-left-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 10.58625 1.58625 4.30875 7.875 18 7.875 18 10.125 4.30875 10.125 10.58625 16.41375 9 18 7.10542736e-15 9"></polygon> </g> </svg> </button> </div> <div class="swiper-button-prev-wrapper swiper-button-wrapper"> <button class="swiper-button-prev swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Next Forum</title> <g id="icon-arrow-right-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 7.41375 1.58625 13.69125 7.875 5.32907052e-15 7.875 5.32907052e-15 10.125 13.69125 10.125 7.41375 16.41375 9 18 18 9"></polygon> </g> </svg> </button> </div> </div> <div class="slider-story-item swiper-slide"> <div class="slider-story-image"> <img src="assets/images/1/election-456a41b6.jpeg" srcset="assets/images/1/election-456a41b6.jpeg 1x, assets/images/8/election-b0379dc0.jpeg 1.5x, assets/images/f/election-ff2f4f07.jpeg 2x" width="1080" height="570" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> <span class="offscreen" data-copyright="Adobe Stock|#268182611">Adobe Stock|#268182611</span> </div> <div class="slider-story-textbox"> <h3 class="slider-story-kicker-title"> <span class="slider-story-kicker">Forum · Issue 2 · 2024<br></span> <span class="slider-story-title"><a href="https://www.intereconomics.eu/contents/year/2024/number/2/article/european-parliament-elections-2024-what-is-at-stake.html">European Parliament Elections 2024: What Is at Stake?</a></span> </h3> <div class="slider-story-doi"> </div> <div class="slider-story-teaser"> <p>In June 2024, EU citizens will vote in the European Parliament elections – two years into Russia’s war in Ukraine and on European values, after the COVID-19 pandemic and the finalisation of Brexit, and with the possibility of Donald Trump winning the US presidential election later this year. In a turbulent geopolitical environment, the European Parliament elections will reshape the political landscape in Brussels, where traditional parties are being challenged and an increasing tilt towards right-wing governance is unmistakable. In the lead-up to the elections, this Forum focuses on some of the issues that will take centre stage for voters and define the next phase of European politics.</p> <p class="slider-story-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/2/article/european-parliament-elections-2024-what-is-at-stake.html">Read more</a> </p> <div class="swiper-pagination"></div> </div> </div> <div class="swiper-button-next-wrapper swiper-button-wrapper"> <button class="swiper-button-next swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Previous Forum</title> <g id="icon-arrow-left-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 10.58625 1.58625 4.30875 7.875 18 7.875 18 10.125 4.30875 10.125 10.58625 16.41375 9 18 7.10542736e-15 9"></polygon> </g> </svg> </button> </div> <div class="swiper-button-prev-wrapper swiper-button-wrapper"> <button class="swiper-button-prev swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Next Forum</title> <g id="icon-arrow-right-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 7.41375 1.58625 13.69125 7.875 5.32907052e-15 7.875 5.32907052e-15 10.125 13.69125 10.125 7.41375 16.41375 9 18 18 9"></polygon> </g> </svg> </button> </div> </div> <div class="slider-story-item swiper-slide"> <div class="slider-story-image"> <img src="assets/images/e/AI-7bffd0ec.jpeg" srcset="assets/images/e/AI-7bffd0ec.jpeg 1x, assets/images/e/AI-c24b9e7c.jpeg 1.111x" width="1080" height="570" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> <span class="offscreen" data-copyright="Adobe Stock|#214469252">Adobe Stock|#214469252</span> </div> <div class="slider-story-textbox"> <h3 class="slider-story-kicker-title"> <span class="slider-story-kicker">Forum · Issue 1 · 2024<br></span> <span class="slider-story-title"><a href="https://www.intereconomics.eu/contents/year/2024/number/1/article/artificial-intelligence-potential-and-challenges-for-europe.html">Artificial Intelligence: Potential and Challenges for Europe</a></span> </h3> <div class="slider-story-doi"> </div> <div class="slider-story-teaser"> <p>Artificial intelligence (AI) is a technology that is transforming every aspect of life. It has already started to revolutionise the way we communicate, conduct research, analyse data and streamline labour processes. However, AI also requires understanding and regulation in order to address issues such as algorithmic bias and data access obstacles that will inevitably impact society, governance and the economy. This Forum examines the challenges and opportunities of AI in the EU and beyond.</p> <p class="slider-story-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/1/article/artificial-intelligence-potential-and-challenges-for-europe.html">Read more</a> </p> <div class="swiper-pagination"></div> </div> </div> <div class="swiper-button-next-wrapper swiper-button-wrapper"> <button class="swiper-button-next swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Previous Forum</title> <g id="icon-arrow-left-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 10.58625 1.58625 4.30875 7.875 18 7.875 18 10.125 4.30875 10.125 10.58625 16.41375 9 18 7.10542736e-15 9"></polygon> </g> </svg> </button> </div> <div class="swiper-button-prev-wrapper swiper-button-wrapper"> <button class="swiper-button-prev swiper-button offscreen"> <svg width="18px" height="18px" viewBox="0 0 18 18" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <title>Next Forum</title> <g id="icon-arrow-right-purple" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <polygon id="Path" fill="#974777" fill-rule="nonzero" points="9 5.32907052e-15 7.41375 1.58625 13.69125 7.875 5.32907052e-15 7.875 5.32907052e-15 10.125 13.69125 10.125 7.41375 16.41375 9 18 18 9"></polygon> </g> </svg> </button> </div> </div> </div> <div class="slider-story-more-link"> </div> </div> </div> <div class="mod_article teaserbox-wrapper teaserbox-wrapper-3-cols block" id="article-711"> <div class="teaserbox-item teaserbox-imagebox teaserbox-item-vertical"> <a class="teaserbox-link" href="https://www.intereconomics.eu/contents/year/2024/number/5/article/a-challenging-juncture-for-von-der-leyen-ii.html"> <div class="teaserbox-image"> <img src="assets/images/b/belgium-3595351_1280-accfaafe.jpg" srcset="assets/images/b/belgium-3595351_1280-accfaafe.jpg 1x, assets/images/b/belgium-3595351_1280-9e263fdb.jpg 1.5x, assets/images/5/belgium-3595351_1280-bdbae0e3.jpg 2x" width="300" height="200" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> </div> <h3 class="teaserbox-kicker-title"> <span class="teaserbox-kicker">Editorial<br></span> <span class="teaserbox-title">A Challenging Juncture for von der Leyen II</span> </h3> </a> <div class="teaserbox-doi"> </div> <div class="teaserbox-teaser"> <p>Following the enormous legislative efforts of the past five years, the second EU Commission of Ursula von der Leyen should focus on delivering, writes <strong>Karel Lannoo</strong>. This means making sure rules are well implemented and enforced, following through with commitments on enlargement, extending the Single Market and contributing to the geopolitical stability of the European continent.</p> <p class="teaserbox-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/a-challenging-juncture-for-von-der-leyen-ii.html" rel="noopener">Read more</a> </p> </div> </div> <div class="teaserbox-item teaserbox-imagebox teaserbox-item-vertical"> <a class="teaserbox-link" href="https://www.intereconomics.eu/contents/year/2024/number/5/article/rationales-for-industrial-policy-in-the-semiconductor-industry.html"> <div class="teaserbox-image"> <img src="assets/images/e/pexels-pok-rie-33563-1432680-f9415cf0.jpg" srcset="assets/images/e/pexels-pok-rie-33563-1432680-f9415cf0.jpg 1x, assets/images/a/pexels-pok-rie-33563-1432680-d3ebc1fa.jpg 1.5x, assets/images/2/pexels-pok-rie-33563-1432680-e4385391.jpg 2x" width="300" height="200" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> </div> <h3 class="teaserbox-kicker-title"> <span class="teaserbox-kicker">Forum<br></span> <span class="teaserbox-title">Industrial Policy in the Semiconductor Industry</span> </h3> </a> <div class="teaserbox-doi"> </div> <div class="teaserbox-teaser"> <p>Despite concerns and the traditional reservations among economists against industrial policy in general, there are compelling reasons for pursuing an industrial policy approach that includes subsides, write <strong>Fabrice Naumann</strong> and <strong>Monika Schnitzer</strong>, particularly in the European semiconductor industry.</p> <p class="teaserbox-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/rationales-for-industrial-policy-in-the-semiconductor-industry.html" rel="noopener">Read more</a> </p> </div> </div> <div class="teaserbox-item teaserbox-imagebox teaserbox-item-vertical"> <a class="teaserbox-link" href="https://www.intereconomics.eu/contents/year/2024/number/5/article/an-innovation-based-industrial-policy-for-the-eu.html"> <div class="teaserbox-image"> <img src="assets/images/0/Policy%20advise-f4dd4ce6.jpeg" srcset="assets/images/0/Policy%20advise-f4dd4ce6.jpeg 1x, assets/images/3/Policy%20advise-0a7e904a.jpeg 1.5x, assets/images/a/Policy%20advise-18330d8e.jpeg 2x" width="300" height="200" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> <span class="offscreen" data-copyright="©chones/Adobe Stock">©chones/Adobe Stock</span> </div> <h3 class="teaserbox-kicker-title"> <span class="teaserbox-kicker">Forum<br></span> <span class="teaserbox-title">An Innovation-Based Industrial Policy for the EU</span> </h3> </a> <div class="teaserbox-doi"> </div> <div class="teaserbox-teaser"> <p>The innovation system can develop and deploy unique new sustainable solutions to serve security of supply while generating comparative advantages on world markets. But the innovation system cannot do this on its own. For vertical policies to be efficient, they need to be flanked by horizontal policies ensuring large, open, competitive markets, writes <strong>Reinhilde Veugelers</strong>.</p> <p class="teaserbox-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/an-innovation-based-industrial-policy-for-the-eu.html" rel="noopener">Read more</a> </p> </div> </div> <div class="teaserbox-item teaserbox-imagebox teaserbox-item-vertical"> <a class="teaserbox-link" href="https://www.intereconomics.eu/contents/year/2024/number/5/article/european-industrial-policy-in-the-2020s-rationale-challenges-and-limitations.html"> <div class="teaserbox-image"> <img src="assets/images/1/transmission_towers_smoke-3a3f8ef4.jpg" srcset="assets/images/1/transmission_towers_smoke-3a3f8ef4.jpg 1x, assets/images/4/transmission_towers_smoke-2899ef6e.jpg 1.5x, assets/images/1/transmission_towers_smoke-42380e41.jpg 2x" width="300" height="200" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> </div> <h3 class="teaserbox-kicker-title"> <span class="teaserbox-kicker">Forum<br></span> <span class="teaserbox-title">European Industrial Policy in the 2020s</span> </h3> </a> <div class="teaserbox-doi"> </div> <div class="teaserbox-teaser"> <p>The contrast between an ideally designed industrial policy and the one actually implemented in Europe hints that there is ample room for improvement, writes <strong>Sebastian Dullien</strong>. What is needed is a clear and overarching European industrial policy strategy with specific targets.</p> <p><span style="color: #111111; font-family: 'Neue Helvetica eText W02', Helvetica, Arial, sans-serif; font-size: 17px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"> </span></p> <p class="teaserbox-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/european-industrial-policy-in-the-2020s-rationale-challenges-and-limitations.html" rel="noopener">Read more</a> </p> </div> </div> <div class="teaserbox-item teaserbox-imagebox teaserbox-item-vertical"> <a class="teaserbox-link" href="https://www.intereconomics.eu/contents/year/2024/number/5/article/how-the-us-dollar-s-dominance-negates-fears-about-debt-and-deficits.html"> <div class="teaserbox-image"> <img src="assets/images/b/LfA-46794257.jpg" srcset="assets/images/b/LfA-46794257.jpg 1x, assets/images/3/LfA-b2f6b822.jpg 1.5x, assets/images/8/LfA-d4d87504.jpg 2x" width="300" height="200" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> </div> <h3 class="teaserbox-kicker-title"> <span class="teaserbox-kicker">Letter from America<br></span> <span class="teaserbox-title">Fears About Debt and Deficits</span> </h3> </a> <div class="teaserbox-doi"> </div> <div class="teaserbox-teaser"> <p>While this year’s presidential election in the US features candidates that could not be more different, their parties share a strikingly similar take on debt and deficit: they both regularly claim that debt and deficit is one of America’s most urgent problems, despite the fact that in reality, neither side really cares, writes <strong>Mark Copelovitch</strong>.</p> <p class="teaserbox-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/how-the-us-dollar-s-dominance-negates-fears-about-debt-and-deficits.html" rel="noopener">Read more</a> </p> </div> </div> <div class="teaserbox-item teaserbox-imagebox teaserbox-item-vertical"> <a class="teaserbox-link" href="https://www.intereconomics.eu/contents/year/2024/number/4/article/the-challenges-of-defence-spending-in-europe.html"> <div class="teaserbox-image"> <img src="assets/images/6/AdobeStock_508844902-b55a00bf.jpeg" srcset="assets/images/6/AdobeStock_508844902-b55a00bf.jpeg 1x, assets/images/4/AdobeStock_508844902-783e9150.jpeg 1.5x, assets/images/d/AdobeStock_508844902-5945d9ec.jpeg 2x" width="300" height="200" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> <span class="offscreen" data-copyright="AdobeStock|508844902">AdobeStock|508844902</span> </div> <h3 class="teaserbox-kicker-title"> <span class="teaserbox-kicker">Forum<br></span> <span class="teaserbox-title">The Challenges of Defence Spending in Europe</span> </h3> </a> <div class="teaserbox-doi"> </div> <div class="teaserbox-teaser"> <p>The realisation that Europe’s defence industry needs political support has taken some time, but it is now an important point of consensus between EU member states and political groupings in the European Parliament. Yet, as <strong>Daniel Fiott</strong> argues, defence expenditure is an intensely political affair, which makes our ability to assess the quality of defence investments harder.</p> <p class="teaserbox-teaser-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/4/article/the-challenges-of-defence-spending-in-europe.html" rel="noopener">Read more</a> </p> </div> </div> </div> <div class="mod_article boxes-historical-and-current-issue block" id="article-712"> <div class="ce_text box-quote-of-the-month first block"> <h2>Quote of the Month</h2> <div class="text_container"> <p>"It would be naive to assume that industrial policy decisions are immune to political interests and influences. Yet, it would be equally misguided to expect that policymakers will refrain from interfering and that firms by themselves will internalise all the externalities and coordination failures that arise in these industries."</p> <p><strong>Fabrice Naumann </strong>and<strong> Monika Schnitzer<br></strong></p> <p><a href="contents/year/2024/number/5/article/rationales-for-industrial-policy-in-the-semiconductor-industry.html" target="_blank" rel="noopener">Rationales for Industrial Policy in the Semiconductor Industry</a></p> </div> </div> <div class="ce_rsce_box_this_issue last ce_text box-current-issue box-current-issue-new last block"> <div class="inside"> <div class="text_container"> <h2>Current Issue</h2> <p class="box-current-issue-date">Volume 59<br>2024<br>Issue 5</p> <p class="box-current-issue-buttons"> <a class="button" href="https://www.intereconomics.eu/archive/year/2024/number/5.html">Read online</a> </p> </div> <div class="image_container"> <img src="assets/images/1/Cover%20IE%205%202024%20for%20soial%20media-5b322d61.png" srcset="assets/images/1/Cover%20IE%205%202024%20for%20soial%20media-5b322d61.png 1x, assets/images/0/Cover%20IE%205%202024%20for%20soial%20media-ee48e548.png 1.5x, assets/images/5/Cover%20IE%205%202024%20for%20soial%20media-1d37575a.png 2x" width="200" height="264" alt=""> <script> window.respimage && window.respimage({ elements: [document.images[document.images.length - 1]] }); </script> </div> </div> </div> </div> <div class="mod_article last block" id="article-713"> <div class="box-chart-of-the-month"> <h2>Figure of the Month</h2> <div class="box-chart-of-the-month-text box-imagebox-text"> <div class="box-chart-of-the-month-image"> <img src="assets/images/8/figure-of-the-month-ie-202410-31c00351.png" width="650" height="541" alt=""> </div> <div class="box-chart-of-the-month-title-teaser"> <h3 class="box-chart-of-the-month-title">Fiscal consolidation requirements to meet reformed EU fiscal rules</h3> <p>Figure 1 shows the fiscal adjustment requirements for the four largest euro area economies, which account for close to three-quarters of euro area GDP. The four-year adjustment case is based on the baseline adjustment in the Debt Sustainability Analysis-based reference trajectories. The seven-year case will only be granted if member states submit an investment and reform plan that is accepted by the European Commission.</p> </div> <p class="box-chart-of-the-month-link"> <a href="https://www.intereconomics.eu/contents/year/2024/number/5/article/debt-sustainability-analysis-in-reformed-eu-fiscal-rules.html" rel="noopener">Read the full article</a> </p> </div> </div> </div> </div> </main> </div> </div> <footer id="footer" class="footer"> <div class="inside"> <div class="footer-block-1"> <div class="footer-newsletter"> <div class="inside"> <h2>Subscribe to our newsletter</h2> <p><a href="newsletter.html" class="button">Sign up now</a></p> </div> </div> </div> <div class="footer-block-2"> <div class="inside"> <div class="footer-info"> <p>Intereconomics is published by ZBW – Leibniz Information Centre for Economics and CEPS – Centre for European Policy Studies. Intereconomics is a platform for the publication of policy relevant aspects of economic research. 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