2019-10-04 - Comment
Boris Johnson's "Last Chance" Proposal for Resolving the Brexit Deadlock
On 2 October, British Prime Minister Boris Johnson announced a proposal to amend the EU-UK withdrawal agreement signed in November 2018. The changes are intended to win support for the agreement in the House of Commons. However, the proposal has limited chances of acceptance.
2019-10-01 - Bulletin
Russia's 2019 Military Drills
The Russian military exercises Tsentr (Center) and Union Shield were the largest combat readiness tests of the Russian army this year. The goal of each was to check the state of cooperation with other countries. The almost simultaneous exercises confirmed that the Russian armed forces are able to operate in two strategic directions (fronts). The exercises demonstrate the country’s growing conventional military potential and that will be a greater challenge for NATO, perceived in Russia as the main opponent.
2019-09-30 - Bulletin
Border Carbon Tax: Conditional Help for Industry
The European Union is considering charging imported goods by the amount of carbon dioxide emitted during their production. Such a tax could support climate protection activities and help combat the risk of so-called “carbon leakage”. However, it would be difficult to implement and could escalate trade conflicts and increase disputes in the WTO. The direct benefits of the tax for the Polish economy over the long term would require increased innovation and a reduction in domestic emissions.
2019-09-26 - Comment
Launch of an Impeachment Inquiry into U.S. President Donald Trump's Actions
The Democratic majority in the U.S. House of Representatives have launched an impeachment inquiry regarding President Trump. The decision by Speaker of the House Nancy Pelosi is related to a complaint by a “whistleblower” from the Trump administration who was concerned by a conversation the American president had with Ukraine President Volodymyr Zelensky in which Trump was alleged to have pressured Zelensky to investigate the son of former U.S. Vice President Joe Biden, who is running for president in 2020. The Democrats are convinced that these actions were aimed at discrediting Biden and reducing his chances of getting his party’s nomination or forcing him to end his presidential bid.
2019-09-25 - Bulletin
Unhappy with Easy Money: Germany and the ECB?s Monetary Policy
The expansive monetary policy of the European Central Bank (ECB) is controversial in Germany where it is perceived as a threat to the interests of savers and banks and an attempt to undermine the austerity approach to public finances in the euro area. The arguments formulated in Germany will not, however, persuade the ECB to change course: the easy money policy will continue. This raises the chances of euro area growth, which is also important for the Polish economy because it is highly dependent (e.g., exports) on single-currency markets.