Jacques Delors Institute

Newsletter May 2023

Editorial

Elections on the horizon

Fixing the dates of the European elections among the 27 Member States is like trying to agree on holidays in a staff meeting: everyone has their own agenda for sticking to one day rather than to another. With electoral traditions and public holidays specific to each country, the holding of the European elections still oscillates between late May and early June 2024. Whatever voting days are finally chosen, the European elections are about to take place in a year's time.

What exactly is at stake behind the renewal of 705 MEPs for five years by direct universal suffrage and appointments to the highest posts in the Union? A year ahead and in these shifting times, it would be risky to answer. Political parties are looking for some strong idea and a head to lead their list. Some parties are weighing up the opportunity of joining forces or, on the contrary, intend to assert themselves on their own. The President of the Commission, Ursula von der Leyen, is evaluating the support she will receive before standing for re-election, as her own party in Germany is urging her to do. In France, the presidential party hopes to remobilise its pro-European base for the elections, which are likely to turn into a referendum on Macron. The star of the democratic event, the European Parliament, will make it a vote of confidence towards an institution plagued by the never-ending Qatargate scandal. Anyhow, Season 3 of the French TV series Parliament is ready for broadcast in September.

The pre-campaign has thus begun and the frame of the electoral debate is being defined. Several factors will shape it. First, obviously, the war in Ukraine and Europe’s defence. Depending on whether the Ukrainian counter-offensive, which is considered imminent, will have changed the situation on a frontline that has been bogged down for months, depending on whether a victory appears to be within reach, reconstruction about to start and European membership open to negotiation, the results of the elections will benefit parties that are intransigent on their anti-Putin Atlanticist line. If, on the other hand, the war drags on, the sanctions are slow to change its course - the 11th package is in preparation - and public opinion becomes weary of it, other parties will be able to exploit the conflict’s rotting.

Another driving factor is climate. An election campaign during a prolonged drought, as is currently the case in the Iberian Peninsula, an early heat wave or any other kind of natural disasters will leave a ballotprint, as will a surge in energy prices. European sovereignty will become an empty rhetoric without any proven capacity to act against global warming. The results of the Green Deal, whose adoption of legislation is accelerating, and new ambitions for ecological transition will be assessed in the light of climate change, which is showing its effects in an increasingly palpable way. But the radical nature of the remedies required may also cool-off some voters.

Linked to these debates, the economy, whether for "wartime" and/or to be decarbonised, will be another decisive factor in the election. Whether inflation (up to 7%in the Eurozone) persists or begins to fall, whether interest rates rise further - new ECB decision on May 4th - whether the indebtedness of certain countries, including France, is nearing the estimated threshold of sustainability, whether a banking crisis remains contained or not, the tone of the campaign and the electoral mood will be affected. Already the revision of the Stability Pact is reviving the divide between Paris and Berlin, along with "the frugals", on the degree of the budgetary slope to be climbed.

Finally, the campaign will inevitably focus on the migration issue raised by the post-Covid rise in asylum applications (excluding from Ukraine), labour shortages and demographic ageing. Since the last European elections in 2019, the EU-27 have remained divided on this sensitive and complex issue, leaving the far right make the worst use of it.

This issue, like war, climate and the economy, could shift the dividing lines among European political parties. The most closely watched, at this stage before the elections, is the one between the EPP (right-wing) and the European Conservatives and Reformists (ECR), which includes Giorgia Meloni's party, Vox in Spain and the Polish PiS. Their potential alliance would divide the Christian Democrats and turn them away from their traditional allies. This underlines that what is at stake in these elections, reshuffling the balance of power, is not only the place won by each of the lists in the European Parliament but also their possible new combinations to form a majority. These first European elections without the UK will not matter on whether staying or leaving the EU but with up to whom to make it in the future.

 

Sébastien Maillard

Director of the Jacques Delors Institute

Drawing of the month

Upcoming elections by direct universal suffrage by Jérémie Chaplet 

Publications

A looming war for minerals ?


 By Elvire Fabry, Senior Researcher, Geopolitics of Trade,

Read more

The accelerating pace of decarbonisation around the world is fuelling a heated race for critical minerals. Countries are looking to ensure access to specific components needed to produce green technologies, as the reserves and refining capacity for these components are concentrated in just a few countries. But the risk of an escalation in export restrictions is already giving cause for concern that a conflict could erupt among countries competing for access to minerals. This is a crucial issue in the economic security strategy developed by the European Commission. 

Read more

 

Taiwan and European strategic autonomy

 

By Nicole Gnesotto, Vice-President of the Jacques Delors Institute

Read more

Following Europe, it is now Asia that is hearing the sounds of army boots and aircrafts a little more each day: from 11 to 15 April, China conducted military manoeuvres on an unprecedented scale around the island, as if in rehearsal for a potential encirclement and attack. Following Russia’s invasion of Ukraine, are we witnessing a new war between democracies and authoritarian regimes ? Should Taiwan be defended in the event of an attack from China ? 

Read previous blog posts

Inflation has been elevated in 2021-22 in Europe and elsewhere, driven by higher energy and food prices, from exogenous influences, but also driven by mark ups on profits more than by wage adjustments. However, the balance of risks remains relatively even, in the short-term, eventhough output growth is surrounded by uncertainties linked to geopolitics, the evolution of the Ukrainian conflict, or the possible impact of the Chinese recovery, especially on the prices of energy and raw materials. 

Read more

Infography of the month 

May 9th is the kickstart of the European Year of Skills. Green and digital transitions are having a major impact on the labour market, workers and their skills.  See our infographic "European Year of Skills" by Sofia Fernandes et Inès Thirion. Design by Marjolaine Bergonnier. 

Tuesday 9th May 2023
16:30-19:30
Reflet Médicis 

On the occasion of Europe Day and ahead of the Cannes Film Festival, the Jacques Delors Institute and the Gulbenkian Foundation invite you to the Reflet Médicis to discuss the future of cinema in Europe. Is the rise of streaming platforms sounding the death knell for cinemas in Europe? Does the situation differ from country to country? What solutions are being implemented on a daily basis to keep audiences loyal? A discussion between Laura Houlgatte, Secretary General of the International Union of Cinemas (Unic), Marc-Olivier Sebbag, Director General of the National Federation of French Cinemas, and Sophie Dulac, President of Maison Dulac Cinéma, will provide an opportunity to exchange views on the outlook for cinema in Europe. The discussion will be moderated by Laurent Cotillon, Executive Director of the media division of Le Film français.

This discussion will be followed by the screening of the film Alma Viva by Cristèle Alves Meira.

Wednesday 10th May 2023
13:30-14:00
Online

The European Central Bank (ECB) has raised its key interest rates from 0% to 3.5% since July 2022 and President Christine Lagarde has suggested that the rate hike cycle may not be over. As the European economy appears to be returning to weak growth in the wake of the Covid crisis, the war in Ukraine and the resulting inflation shock, questions are being raised about the effectiveness of this monetary policy (in achieving the 2% inflation target) and its impact on growth prospects and the stability of the banking and financial system.

We are pleased to welcome Pierre Jaillet, research associate at the Jacques Delors Institute and expert on the European Union's monetary policy.

The Pact on Migration and Asylum, what about a reform never completed?

*Event in French

By Corinne Balleix, Member of the Migration Group of the Jacques Delors Institute

Frans Timmermans

Executive Vice-President of the European Commission in charge of the European Green Deal

 Guest of honour

Registration: 

The Conférence Jacques Delors is the annual event of the Académie Notre Europe. It has a double objective: on the one hand, to open a space for dialogue between European personalities and young people. On the other hand, to enable young people to better understand the EU and its policies, particularly in terms of ecological transition in Europe, the theme chosen this year. The day will be structured around three moments: a key-note speech with Frans Timmermans, Executive Vice-President of the European Commission in charge of the Green Pact, a forum to discover European initiatives on ecological transition and a cultural moment. The event will take place on Friday 2nd June in Paris from 2pm to 9pm and will be held in French. 

Centre Grande Europe

On Thursday May 11st, our Centre Grande Europe, which is dedicated to EU enlargement and to continental issues will launch its Balkans Roundtable. This will be an opportunity to bring together several experts to take stock of the next steps and to exchange on our activities in the region. 

Have a look at the latest news from the Centre Grande Europe.

Europe Jacques Delors (Brussel)

Antarctic ocean protection: Europe’s role on the road to Santiago 

By Pascal Lamy, Geneviève Pons & Nathalie Rey

Securing China’s support for three large-scale marine protected areas in Antarctica will be critical and is a goal that Europe must prioritise together with other marine protection proponents in the run up and during an important meeting dedicated to this issue in Santiago, Chile from 19-23 June 2023.

Read more 

Jacques Delors Centre (Berlin)

Get your priorities right – Europe must not underestimate the role of banks for the green transition

By Sebastian Mack

EU policymakers and the financial sector have placed high hopes in forging a green capital markets union. However, the idea that capital markets could swiftly close the green investment gap ignores underlying financing structures. In Europe, the areas with the biggest funding needs rely on bank loans rather than financial markets and the recent banking turmoil is unlikely to change this. 

Read more

Medias

Cet email a été envoyé à martelli@delorsinstitute.eu, cliquez ici pour vous désabonner.

18 rue de Londres 75009 Paris FR