Commission simplifies EU farm policy to cut red tape and boost competitiveness

The European Commission has unveiled a major simplification package for the Common Agricultural Policy (CAP), aiming to ease administrative burdens, strengthen crisis support, and improve farmers’ competitiveness. These changes could save farmers up to €1.58 billion and national administrations €210 million annually.

Isabel Schnabel (ECB) at Stanford: A Steady Hand Amid Uncertainty

At the Hoover Institution, Isabel Schnabel stressed that the traditional Phillips curve—linking inflation and economic slack—has behaved unpredictably over the past two decades. After the financial crisis, inflation was unexpectedly stable (“missing inflation”), while post-pandemic it surged, pointing to a temporarily steeper curve. Now, signs suggest it may be flattening again.