Boris Melmoux-Eude

💡3 debates to keep an eye on for the future of the EU’s Multiannual Financial Framework Last week, I came across the interview of Commissioner for Budget Johannes Hahn in the French newspaper Les Échos. EU correspondent Karl De Meyer captured 3 of the leading budget topics to keep an eye on in the answers of the Commissioner: 1️⃣ New own resources and repayment of the debt In the last MFF negotiations, the idea of creating new resources independent from national contributions had progressed. But despite the efforts of setting some of those resources, such as the flagship Carbon Border Adjustment Mechanism (CBAM, a carbon tax at the EU’s external border), the Council remains somewhat sceptical. As part of the Next Generation EU efforts deployed for the recovery from COVID-19, it was made possible for the Union to borrow €806,9 billion between 2021 and 2026. With repayment starting in 2028, the question is whether new resources will be unlocked on time or whether national contributions will remain the only conceivable option. 2️⃣ Flexibility of the Multiannual Financial Framework As outlined by Commissioner Hahn, 99% of EU resources are pre-allocated within the EU. Consequence: in the last two mandates, we have faced occurrences that made changes vital, whether it is the migration crisis, a global pandemic or a war at our borders - and those changes have been challenging to decide and implement in our institutional scheme. While there are already flexibility instruments in the MFF, i.e., adaptations of headings and programme implementation, the use of margins, a more in-depth reflection will undoubtedly be needed moving on. Otherwise, we will keep displacing capacity from one heading to another, one programme to another, with the risk that policies such as the Cohesion Policy, the Common Agricultural Policy or even the Erasmus programme are first in line to contribute. 3️⃣ Integration of new EU Member States Since December 2022, the question has been on every discussion, at least for those working on agricultural policy: when will new Member States, particularly Ukraine, join the EU - and what will be the consequences for the budget? According to the Commissioner, should the nine current candidate countries enter the EU, our budget would see an increase comprised between 20% and 30%. Making this whole debate about budget, however, would be wrong. Implications of integration have always reached far beyond financial contributions, as the celebration of the 20th EU anniversary of ten of our Member States has shown on 1st May. The interview of Commissioner Hahn is available below. ⤵️

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💸 Every year, development banks finance hundreds of projects aimed at improving the sustainability and well-being in the countries in which they operate. But all too often they end up violating human rights instead. ❌ 🔎 As the EBRD updates its safeguards and the European Investment Bank (EIB) reviews its complaints mechanism, Nina LESIKHINA, Anna Roggenbuck and Eléonore Morel emphasise the need for both banks to prioritise transparency, rigorous risk assessments, meaningful public participation, human rights protection, and improved means of redress. 🗞 Read more in our opinion piece for Les Echos (in French): https://lnkd.in/eSNgHG8x #EBRD #StandUpForHumanRights

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#publicfinance #socialjustice #Frenchpublicdebt #causesandconsequences Article published in l'Opinion, September 17, 2024 French public finances urgently need to be put back on a sustainable path. Should we increase compulsory taxes, reduce public spending or strengthen growth potential? What is the best combination? In France's specific situation, any combination will be far from being equally effective. And where, through an imprecise analysis, one might think that raising taxes could be useful for both public finances and social justice, we understand, with better economic reasoning based on better knowledge of the real situation and the figures, that this choice could lead to a deterioration in both public finances and social justice. We must not make the wrong diagnosis to make an appropriate and effective. https://lnkd.in/e2_k-sv4

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🎥 Interview with Mr. Glenn NGUEMA : Fundraising Strategies for the CAPS Project 💡In Episode #11 of Energy Hub - La Minute CABEF, Lionnelle Amandine Bonny discusses the financial challenges of major projects such as the Central African Pipeline System (CAPS) with Mr. Glenn NGUEMA. Follow this link : https://lnkd.in/etKgpdpD 🌍As a financial expert in mining, gas, and oil within CEMAC and the founder of @Vienne Mining, Mr. NGUEMA shares the strategies implemented to ensure optimal management of financial resources. "We took the initiative, as experts, to prepare the technical elements that, in various contexts, demonstrate an effective mobilization of funds," he explains. Mr. NGUEMA also reaffirms his commitment to clean and sustainable energy. His participation in this discussion highlights the importance of financial expertise in driving impactful projects for the region. #CABEF2024 - Libreville, Gabon: 📍 Radisson Blu Hotel, Libreville - Gabon 🌐 www.cabef2024.com 📧 [email protected] 📞 +237 655 96 96 96 #Energy #CentralAfrica #Innovation #CAPS #CABEF2024 #Gabon #SustainableEnergy #CABEF2024 #Awards #Energy #CentralAfrica #Innovation #Excellence #Partnerships #Growth #Opportunities #SustainableDevelopment #APPO #NaturalGas African Energy Chamber African Petroleum Producers’ Organization SCDP (Cameroon Petroleum Depots Company) Gabon Oil Company (GOC) Société des Hydrocarbures du Tchad Gabon Oil Ministère du Pétrole, des Mines et de la Géologie Ministère des Mines Gabon Ministère du Pétrole du Gabon

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Well done. You rightly emphasized the cooperation between diverse services as key for effective anti fraud initiatives. Intelligence needs synergies and complementarity.

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🎤 I was honored to present the results of two recent Plan Bleu socio-economic publications at the event "Which bottlenecks and solutions exist for strengthening policy coherence in the Mediterranean?" organized by the Horizon Europe-funded CrossGovProject (Frioul). Key takeaways: 🌊 Marine Protected Areas (MPAs) play a significant role in local economic dynamics. 🐟 The most significant benefits of protection measures are those associated with biodiversity and ecosystems (estimated benefits of €21.6million/year in the case study of Cerbère Banyuls Reserve, €48.7million/year in Port-Cros National Park), and those associated with society and local communities - benefits of collective interest. 🌱 Positive impacts and associated benefits are often the result of the entirety of protection measures, which have a cumulative impact. ⚖️ General recommendations for the fisheries sector include moving away from capacity-enhancing subsidies, towards fisheries management measures, support for research and development, and support for establishing and protecting marine protected areas. 🌐 Economic incentives and political support should be given to small-scale fishing activities to preserve coastal culture and traditional techniques, and support eco-friendly practices. Thank you to the organizers Pierre Strosser Dr Sašo Gorjanc for this opportunity to share our insights and engage in this key dialogue.

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Nous remercions Alexandre Chirat pour la présentation de son article aujourd'hui lors de notre séminaire Lunch : "Democracy, Epistocracy and Hybrid decision-making: Information specificity and costs of political governance" co-écrit avec #CyrilHédoin, professeur d'économie à l'Université de Reims Champagne-Ardenne - Laboratoire REGARDS (CRIEG). Résumé : This paper contributes to the #Democracy versus #Epistocracy debate (Brennan and Landemore 2022) by providing a theoretical framework and a criterion to choose between democratic, hybrid and epistocratic modes of political governance. From a normative perspective, authors claim that the specificity of information should (at least partially) guide the choice between these modes of political governance because of its impact on costs of political governance. The main logic of the model is the following one : an issue has a degree of information specificity that determines costs of political governance combined in a Social Costs Function. Therefore, the model helps to assess the relative efficiency between democratic, hybrid  and epistocratic decision-making procedures to reach collective choices. #économix #laboratoireeconomix #recherche #économie #chercheur #séminaire #démocratie #épistocracie #cnrs #upn

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Really looking forward to being part of this great group at the OECD next week. What are the challenges of the green transition across different network industries: this will affect resilience, require investment, but also provide opportunities to improve consumer outcomes? And in many cases more co-ordination with wider system plans. (quite a current theme in GB!) Also on Monday I will be leading a broader discussion with the Network of Economic Regulators on the specific challenges for the evolution of regulation in the energy sector. Co-ordination and co-operation. #oecd #netzero #transition #energyeconomics

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I am happy to have contributed with Paul Dembinski, Ugo Panizza and Alexander K. Swoboda to the article on the IMF in the latest issue of Die Volkswirtschaft / La Vie économique https://lnkd.in/d6XFD3cp

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A look back at the first year of the Foreign Subsidies Regulation (FSR)! This regulation, designed to monitor the impact of foreign subsidies on the EU's internal market, has generated significant activity within the European Commission. Together with Alexandre Darius Shamloo, we delve into the European Commission's active investigations in key sectors like energy, transport and telecommunications.   Read our analysis published in Option Droit & Affaires 👇

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Euroclear FundsPlace mandated by ODDO BHF for fund distribution services The arrangement aims to simplify ODDO BHF’s operational processes and reduce administrative complexity in its fund distribution network. 

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Exciting opportunity brought to you by WU Transfer Pricing Center! #Pillar 1 and existing TP rules : how will they interact ? Join Raffaele Petruzzi Annabelle Bailleul-Mirabaud Xavier Daluzeau and Andréa Rizk as they share their thoughts on this very crucial subject. Under Pillar 1, #AmountB is devoted to Transfer Pricing & aims to address the challenges faced by developing countries in applying complex transfer pricing rules to baseline marketing and distribution activities. However, its implementation may pose challenges, particularly in terms of data availability, interdependence with #AmountA and lack of resources needed for significant changes to existing rules and guidelines. For those of us who have closely followed the work of the #OECD on taxation of the digital economy, this workshop promises to be very enriching. You may register using the link below : https://lnkd.in/e8_wPKV6

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⚠️ New obligations for #marketplaces - implementation of the #Digital Service Act and the #Market Service Act in France. The DGCCRF - Ministère de l'Économie is gaining more power thanks to the SREN Act (https://lnkd.in/gQmjs_9W). 👉🏽 Transparency and Information: - Platforms must provide clear and transparent information about products and sellers, including contact details, reviews, and warranties. - They must also disclose if they favor certain sellers or products. 👉🏽 Security Measures: - Online marketplaces must implement measures to prevent the sale of dangerous or counterfeit products. - They should actively monitor listings and respond promptly to any issues. 👉🏽 Reporting Illicit Content: - Platforms must establish effective reporting procedures for illicit content (e.g., counterfeit products, hate speech, etc.). - They must take swift action to remove such content. 👉🏽 Collaboration with Authorities: - The DGCCRF can request information from platforms and compel them to cooperate in investigations. - Platforms are expected to collaborate with authorities to ensure consumer safety. 👉🏽 Sanctions: - Non-compliance with these obligations may result in financial penalties of up to 6% of global revenue. https://lnkd.in/gC_9iyd5

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The European Chamber will organise a hybrid #event on 📅 23rd July to delve into the potential implications of the 2024 French Parliamentary #Elections on the dynamic relationship between the European Union and China. With France playing a pivotal role in #EU agenda-setting, its domestic political landscape can significantly influence the bloc's stance on international affairs, #trade policies, and strategic partnerships. How will the different electoral outcomes shape France's China policy? How to assess the potential impact of the elections on EU trade, #competition, industrial, foreign and security #policies, particularly vis-à-vis #China? The esteemed speakers (Dr. Francois Godement, Special Advisor and Resident Fellow, U.S. & Asia, Institut Montaigne, Paris; Dr. Cui Hongjian, Director of Center of the European Union and Regional Development Studies and Professor of Academy of Regional & Global Governance, Beijing Foreign Studies University) will share their perspectives on the above issues and engage in a thought-provoking discussion, exploring various scenarios post-elections of France and their ripple effects across the Sino-European corridor. Register here 👇

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My first #CoRPlenary ! More concretely the 160th plenary of the European Committee of the Regions. Incredibly exiciting to see the work of the different members of the CoR come to life in this occasion. This plenary covered very wide topics that touch all European citizens ✅EU Elections ✅Cohesion Policy ✅Child protection services ✅Mental Health ✅Energy ✅Affordable housing ✅ even cycling 🚴! The opinions adopted today mark the cornerstone for tomorrow’s legislation for regions, cities and all Europe! #eulocal #corplenary #euelections2024

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🇫🇷 France remains the top European destination for international investments for the fifth year, boasting 1,194 projects in 2023. This is a testament to the French economy’s resilience, even as global investments have slightly decreased. 📈 The United Kingdom is on the rise with a 6% increase in projects, while Germany sees a slight drop. 🤖 In the AI sector, France is making strides with 17 major projects, including the launch of Google’s new AI center in Paris, signaling a vibrant investment landscape nationwide. 🌟 Key to this success are significant tax cuts, labor market reforms, and a focus on improving investment quality, strengthening France’s economic autonomy and security. 🚀 Looking ahead, France is set to maintain its momentum in attracting valuable investments, securing its economic future. #ChooseFrance #InvestmentExcellence

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