PIE Comments

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How the EU’s fiscal rules should be reformed

Piotr Arak, Łukasz Czernicki, Jakub Sawulski “EUROPP”, London School of Economics: Two key principles have sat at the heart of the EU’s fiscal rules since the Maastricht Treaty: that governments should run budget deficits no higher than 3% of GDP and maintain a public debt no higher than 60% of GDP.

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The costs of growing up during the pandemic

Piotr Arak, “Afrikan Heroes”: Crises define generations. It will be no different for the young people who are experiencing today’s pandemic – the cost of which for them, in mental, educational and labour terms, has reached $1.7 trillion globally.

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How Central Europe can help the US face China

Piotr Arak, “The Brussels Times”: Whereas COVID19 occupies our minds today, it does not make other national security threats less important in the long run. Besides climate change, a vital threat to the American way of life is the rising power of China.

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The New Normal

Piotr Arak, “Visegrad Insight”: For the European Union to talk about twenty-first-century geopolitics is like for Yo-Yo Ma to perform Rammstein songs – it seems very strange. Like America we probably need to change our approach and play a different tune.

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Polish economy surfs the tide of crisis

Piotr Arak, “The Brussels Times”: New Eurostat data for the second quarter of 2020 shows that Poland is among the top three countries in terms of the mildness of the recession. Polish GDP declined by 7.9%; only Lithuania and Finland (where GDP decreased by 3.7% and 5.2% respectively) performed better.

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