About

The Foundation for European Progressive Studies (FEPS) is the think tank of the progressive political family at EU level. Our mission is to develop innovative research, policy advice, training and debates to inspire and inform socialist and social democratic politics and policies across Europe.

FEPS works in close partnership with a solid network of 77 member organisations, boosting coherence among stakeholders from the world of politics, academia and civil society at local, regional, national, European and global levels. More

Our topics

Economy

Digital & Industrial Policy

Environment

World

Gender Equality

Social

Migration

Political Europe

Democracy

Social Democracy

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02/09/2025

A progressive roadmap for expanding European digital sovereignty

Every economic, social and political interaction today relies on digital technologies that are disproportionately provided […]
09/12/2024

Time to build a European digital ecosystem

Recommendations for the EU’s digital policy
10/07/2024

Digital regulatory power but technology taker

How do we create an ecosystem for the European digital model
12/06/2024

A Digital Union based on European values

FEPS Primer series - Ivana Bartoletti
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Progressive Post
05/07/2023

The EU’s dangerous proposal for stopping online child sexual abuse material

Child sexual abuse material is a horror, causing long-term harm to victims. Numbers are increasing: […]
15/06/2023

Tightening the guardrails for AI

On June 14, the European Parliament took a decisive step towards the adoption of common […]
15/06/2023

Future-proofing AI: regulation for innovation, human rights and societal progress

How can AI be regulated so that it enhances innovation and competitive power, that it […]
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Events
Past
02/09/2025
European Parliament (Expert meeting)

A progressive roadmap for expanding European digital sovereignty

Digital Europe working group
14/01/2025
FEPS HQ (Expert meeting - Hybrid)

Time to build a European digital ecosystem

Recommendations for the EU's digital policy
07/12/2023
European Parliament, Brussels

Shaping Europe’s digital model

Building alliances for a progressive European vision
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Audiovisual
17/03/2025

Becoming less dependent on Big Tech with Cecilia Rikap

🔊📺 Available on Youtube, Spotify and Apple Podcast Now that the transatlantic alliance has come […]
17/03/2025

Becoming less dependent on Big Tech with Cecilia Rikap

🔊📺 Available on Youtube, Spotify and Apple Podcast Now that the transatlantic alliance has come […]
14/01/2025

‘Time to build a European digital ecosystem’ Flickr album

Photo album of the event ‘Time to build a European digital ecosystem‘ Despite its role […]
11/07/2024

‘Europe’s Digital Strategy for the new EU cycle’ Flickr album

Photo album of the ‘Europe’s Digital Strategy for the new EU cycle’ expert roundtable at […]
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News
13/03/2023

Digital programme: Algorithms at the workplace

FEPS, together with Nordic partners, launched a Digital Programme on algorithmic management and workers' rights
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In the media

Quick commerce – not turning a fast buck

by Social Europe 15/05/2023
Article on Social Europe by the authors of 'Back to the Dark Ages?' FEPS Policy Study about the quick-commerce workers' rights.

PR | #Media4Europe Conference: ”Innovation, Content & Data To Transform The NEWS Business” – Fondation EURACTIV

08/10/2021
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Publications
27/03/2026

Laboratories of counter-hegemony

Orbán, Trump and the transatlantic far-right ecosystem
19/03/2026

There must be an alternative

Against mainstream defeatism and towards the rejuvenation of the democratic public space
19/03/2026

Countering the far right in the European Parliament

Exploring progressive strategies in the age of far-right normalisation
29/01/2026

Progressive Yearbook 2026

In an eerie manner, 2025 resembled the ‘time of monsters’, which, according to the great […]
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Progressive Post
16/04/2026

Orbán ousted by a landslide: time for a rethink

With an unprecedented voter turnout of almost 80 per cent, Hungarian Prime Minister Viktor Orbán […]
23/01/2026

Ending the US democratic experiment?

Pundits and experts have often urged EU policymakers to focus on US President Donald Trump’s […]
12/11/2025

How Progressives win when democracy is on the line

Across democracies, the threat to liberal institutions no longer comes from the margins. It sits […]
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Events
Past
23/04/2026
Brussels, Belgium (Expert meeting)

An enlargement for a new generation 

Third progressive enlargement conference  
23/04/2026
Online

Unpacking Bulgaria’s election results

Outcomes and trends
14/04/2026
Online

Unpacking Hungary’s election results

What does it mean for Hungary and the EU
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Audiovisual
23/04/2026

‘An enlargement for a new generation ’ better natures; is it feasible?’ Flickr album

Photo album of the ‘An enlargement for a new generation‘ event in Brussels, Belgium. The […]
17/04/2026

‘FEPS at Global Progressive Mobilisation’ Flickr album

Photo album of the ‘FEPS at Global Progressive Mobilisation‘ event in in Barcelona, Spain. The […]
09/03/2026

“Muscular MASCULINITY is reinforcing itself in the realm of SECURITY” Toni Haastrup & Lina Gálvez

🎧 In the spirit of #IWD2026, listen to the latest episode of FEPS Talks focusing […]
09/03/2026

“Muscular MASCULINITY is reinforcing itself in the realm of SECURITY” Toni Haastrup & Lina Gálvez

🎧 In the spirit of #IWD2026, listen to the latest episode of FEPS Talks focusing […]
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News
05/03/2026

FFPPVC commentary on the new EU Gender Equality Strategy 2026-2030

Commentary by the Feminist Foreign Policy Progressive Voices Collective (FFPPVC)
21/10/2025

Maria João Rodrigues at PES Congress 2025

🇳🇱 🌹 FEPS attended the Party of European Socialists (PES) Congress in Amsterdam, which included […]
18/10/2025

FEPS at PES Congress 2025

🇳🇱 🌹Within PES Congress, there were full rooms on insightful discussion on a range of […]
10/09/2025

Von der Leyen – walking the walk at last?

FEPS reaction to The State of the European Union 2025
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In the media

‘Regreso al futuro. El gran reseteo’ by Lina Gálvez

by Tinta Libre 02/02/2026
“Back to the Future: The Great Reset” Opinion article by FEPS Vice-President, Lina Gálvez reflecting on the current global crisis marked by rising authoritarianism, digital power and extreme inequality, and tracing its roots through a historical analysis of capitalism — from the post-1945 social and geopolitical settlement led by social democratic forces, through neoliberal financialisation, to what she describes as a new phase of fascist capitalism.

Liberal democracy’s social, societal fabric under threat – Live from the EPC Annual Conference 2025

by EPC 08/12/2025
In a podcast by the European Policy Centre (EPC), FEPS Secretary General, László Andor, discusses how liberal democracy in Europe is being challenged not only at the institutional level but also through the erosion of social rights and what Europe must do to defend its social foundations.

Líderes progresistas internacionales se reunieron en Buenos Aires para ponerle un freno al avance de la extrema derecha

by Mi Valle 23/09/2025
“International progressive leaders met in Buenos Aires to push back against the rise of the far right” News article in Mi Valle reporting on the meeting of progressive leaders from Europe and Latin America in Buenos Aires, where FEPS President Maria João Rodrigues took part, stressing the need to build common strategies to defend democracy and social justice against the far right.

En Europe, les partis sociaux-démocrates se sont contentés d’une approche technocratique

by Le Point 04/07/2025
“In Europe, social democratic parties have relied too heavily on a technocratic approach” Interview with FEPS Secretary General László Andor in Le Point (FR), reflecting on the decline of social democracy in Europe and the need to renew its political vision in the face of nationalist challenges.
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Publications
23/09/2025

Intergenerational solidarity in Europe

A progressive vision
28/12/2024

FEPS Training Manual – How to counter gender domination techniques?

The Training Manuals belong to the toolbox of the FEPS Training Programme. This training was […]
11/12/2024

From posts to polls

Understanding youth engagement in the 2024 European elections
09/12/2024

FEPS Training Manual – Training of Trainers

The Training Manuals belong to the toolbox of the FEPS Training Strategy. This training was […]
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Progressive Post
15/10/2024

Youth turnout in the 2024 European elections: a closer look at the under-25 vote

The 2024 European elections witnessed a decline in voter turnout among young people under 25. […]
04/02/2022

Portugal: an absolute majority for stability and a progressive agenda

In last week’s legislative elections in Portugal, the people gave an absolute majority to the […]
03/02/2022

A victory for stability

In an overwhelming victory the Portuguese PS achieved an absolute majority in the national parliament […]
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Events
Past
23/04/2026
Brussels, Belgium (Expert meeting)

An enlargement for a new generation 

Third progressive enlargement conference  
23 - 25/01/2026
Zagreb, Croatia

Training of Trainers in Zagreb 2026

From 23 to 25 January, a Training of Trainers weekend took place in Zagreb, organised […]
01 - 03/12/2025
FEPS HQ, Brussels (Training)

FEPS Annual Autumn Academy 2025

For a Europe of peace, prosperity and progress
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Audiovisual
23/04/2026

‘An enlargement for a new generation ’ better natures; is it feasible?’ Flickr album

Photo album of the ‘An enlargement for a new generation‘ event in Brussels, Belgium. The […]
18/07/2025

📊 Can the POPULIST RIGHT be DEFEATED? With Marcin Duma | Next Left Pollsters

Discover the new podcast series “Progressive Pollsters“. The first episode with Marcin Duma focusing on […]
17/12/2024

Right turns and Left leans: A New gender divide in young voters? with Gefjon Off

🔊📺 Available on Spotify, YouTube, and Apple Podcasts In this episode of FEPS Talk, Policy […]
17/12/2024

Right turns and Left leans: A New gender divide in young voters? with Gefjon Off

🔊📺 Available on Spotify, YouTube, and Apple Podcasts In this episode of FEPS Talk, Policy […]
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News
21/10/2025

Maria João Rodrigues at PES Congress 2025

🇳🇱 🌹 FEPS attended the Party of European Socialists (PES) Congress in Amsterdam, which included […]
18/10/2025

FEPS at PES Congress 2025

🇳🇱 🌹Within PES Congress, there were full rooms on insightful discussion on a range of […]
15/01/2025

Launch of the new Open Progressive University’s Ukraine programme!

We have launched the new programme ‘Progressive Ukraine’ in collaboration with S&D Group as part […]
30/05/2023

FEPS renews its support to ULB students’ magazine Eyes on Europe

FEPS is proud to renew its collaboration with the ULB student non-profit association “Eyes on Europe“ at […]
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In the media

Why Young Voters Are Ignoring Mainstream Politics

by Social Europe 01/04/2025
Read this Social Europe article, co-authored by FEPS Policy Analyst on Democracy Matteo Dressler, exploring why political parties struggle to engage young voters — and why a new strategy is needed.

‘Boomerang’ youth head home as housing crisis bites

by Euractiv 11/10/2022
Builders of Progress - NextGen survey

Omnibus Dibattito

by La 7 19/05/2022

Mehr als 2 Drittel der jungen Menschen Angst vor einem Krieg in Europa

by STOL 19/05/2022
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Publications
06/10/2025

Governing the global just transition from fossil fuels to clean energy

Litmus tests and proposals for COP30
26/06/2025

Strengthening and mainstreaming Just Transition goals in the EU Budget

The EU’s legally binding commitment to achieve climate neutrality by 2050 demands a far-reaching socio-economic […]
05/05/2025

Shaping a European budget fit for climate action and a just transition

The negotiations for the next EU Multiannual Financial Framework (MFF) – the long-term budget at […]
28/02/2025

Moving towards an inclusive green agenda in the Western Balkans

Balkan Focus Series
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Progressive Post
24/03/2026

The adaptation deal

Who pays for European resilience?
24/03/2026

Workers are inadequately protected against deadly heat at work

Across the EU, 33 per cent of workers report being exposed to at least one […]
24/03/2026

Green urban policies require the people’s support

Hedwig Giusto interviews Matteo Lepore
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Events
Past
25/03/2026
FEPS HQ

The European Green Deal tracker

Assessing the implementation of the Green Deal in member states
25/02/2026
FEPS HQ (Hybrid)

Governing the global just transition

Implementing COP30 outcomes and more through EU-Africa relations
04/02/2026
FEPS HQ (Expert meeting)

Developing a clean industry gender agenda in times of deregulation and policy backlash

The renewed focus on industrial policy in the EU and the development of new policies […]
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Audiovisual
25/03/2026

‘The European Green Deal tracker’ Flickr album

Photo album of ‘The European Green Deal Tracker” event at FEPS HQ. In this event, […]
04/02/2026

‘Developing a clean industry gender agenda in times of deregulation and policy backlash’ Flickr album

Photo album of the ‘Developing a clean industry gender agenda in times of deregulation and […]
13/11/2025

‘EU-LAC dialogue on Just Transition and trade’ Flickr album

Photo album of the ‘EU-LAC dialogue on Just Transition and trade’ at Santa Marta, Colombia. […]
11/04/2025

‘Roadmap to the next MFF’ Flickr album

Photo album of the ‘Roadmap to the next MFF‘ event in FEPS HQ, Brussels. Continuing […]
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News
18/07/2025

A European Commission against the Social Contract

FEPS commentary on the MMF 2028-2034
24/01/2024

Spanish Minister Teresa Ribera awarded FEPS ‘Progressive Person of the Year’

FEPS Progressive Person of the Year 2023-2024
11/07/2023

A new social contract for the well-being of people and the planet

Call to action on Just Transition
07/02/2023

New study on how and why social issues have increased in prominence during the EP negotiations

Progress towards inclusive economic transition but need for further improvements in terminology and framing of vulnerable groups
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In the media

Ласло Андор: Европа трябва да създаде нов модел за икономически растеж

by dir.bg 14/03/2024
'Europe must create a new model for economic growth'. Interview by Laszlo Andor, FEPS Secretary General

Цената на прехода – зелен, дигитален и демографски

by BNT 13/03/2024
'The cost of transition - green, digital and demographic' BNT Interview with László Andor about the three major transformations the world is facing.

Teresa Ribera, premiada por su labor en política internacional

by El Plural 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by El Plural

Teresa Ribera, premio ‘Progressive person of the year’ por su labor en política internacional

by Europa Press 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by Europa Press
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Events
Upcoming
30/05/2026
Nicosia, Cyprus

A progressive strategy for peace and cooperation in the Mediterranean

Call to Europe Cyprus
19/06/2026
Porto, Portugal

Social Europe is our target

High-level conference in Porto
Past
23/04/2026
FEPS HQ (Expert meeting)

Accelerating industrial decarbonisation

Discussions on technological neutrality and on the IAA
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Progressive Post
The Progressive Post

The European Green Deal was under siege in 2025, but it is still standing

2025 was a hard year for the European Green Deal, with far more steps backwards […]
18/06/2024

2025 was a hard year for the European Green Deal, with far more steps backwards and missed opportunities than forward progress. It could have been worse, and – depending on the European Commission’s ‘simplification’ package (omnibus) – it could still get worse. The war in Iran is reminding leaders, businesses and households of the urgent need for full fossil fuel independence and that the Green Deal is also a security and resilience agenda that merits a reboot.

In 2025, multiple forces led systematic attacks against the European Green Deal and civil society, weakening the EU’s flagship commitment to environmental and social protections and attempting to muzzle independent voices promoting progressive agendas. Foreign interference and disinformation by US and Russian forces fuelled anti-regulatory ideology and anti-EU sentiment. Together with short-term business profit motives, they sought to sideline science, citizens’ voices and commitments to protect people’s health, climate and the environment, rendering the EU less resilient to oil price shocks and political attacks. The forces also sought to weaken European democracies and the European project itself. 

It is not too late to take stock of lessons learned from last year and consider the policies we need in the face of yet another fossil fuel crisis. The European Environmental Bureau (EEB), in its transformation tracker, assessed what went well in 2025, what missed opportunities there were, what went badly and what needs to be done in 2026. It covers 16 areas under 12 priorities set in the European Pact for the Future, which has received support from over 400 organisations. This article focuses on three: climate change and misinformation, the deregulation drive and attacks on civil society that put EU democracy’s resilience at risk. 

Overcoming our dependency on fossil fuels – a political imperative

Despite intense lobbying, the EU secured an agreement to continue climate action beyond 2030, maintaining its commitment to climate neutrality for 2050. However, the 2040 target was weakened through ‘flexibilities’, creating uncertainty around the European Emission Trading System (ETS-II) and commitments for electric vehicles and heat pumps. Several EU policies for 2030 were weakened: the ETS-II start date was delayed from 2027 to 2028, and car fleet standards shifted from a strict 2030 target to a 3-year averaging window for 2030-2032. Both will slow the phasing out of fossil fuels. Ongoing concerns about the ETS I and II and lobbying against 2035 as the last deadline for the sale of new cars and vans running on fossil fuels, are further eroding the clarity and predictability needed by businesses and households. For this, climate policies need support, not doubt.

Things could have been worse with the Green Deal in 2025, but they could also have been far better, had Russian disinformation, US political pressure and international fossil fuel lobbying not sought to undermine the transition. According to the Polish secret services, and as reported in Defense24 and DeSmog, Russia has been spreading climate disinformation in Poland as part of a “long-term cognitive war” to sow division. A strong Green Deal is not in Russia’s interests. A strong Green Deal is also not in the interests of the fossil fuel industry, which spent over $1 billion to delay climate policy and undermine alternatives such as renewable energy.

Addressing fossil fuel dependence and tackling climate risks are both security priorities. In these times of war, the world faces a new oil crisis, a business affordability crisis and a cost-of-living crisis for households. In addition, the irrefutable evidence of existing climate impacts, augmented by the risks of cataclysmic impacts if the Gulf Stream (known as AMOC) were to fail, lead to the clear conclusion that our economies and societies need to wean off fossil fuel dependency as quickly as possible. Therefore, we need to implement climate and environmental policies and ensure conditions for investments and energy independence, including ringfencing climate and nature spending in the EU’s budget and maintaining LIFE funding. 

The erosion of social and environmental protections

There was some good news in 2025 – the first-ever European soil law was agreed, a new water resilience strategy was published, the implementation of nature and water laws progressed, green and affordable eco-labelled products boomed, and air quality continued to improve. These were arguably outweighed by many missed opportunities and steps back, both due to the omnibus package and beyond. The European Commission’s ‘simplification’ initiative has already adopted ten omnibus proposals, in practice resulting in deregulation.

The EU’s strength as a value-based global partner was weakened by the omnibus 1, which reduced the number of companies responsible for due diligence (under the corporate sustainability reporting directive (CSRD) and corporate sustainability due diligence directive, CSDDD). This reflects the risks of corporate capture, including by a targeted lobby campaign by a secretive alliance of mainly US companies that sought to undermine the CSDDD (as documented by SOMO and Global Witness). The common agricultural policy (CAP) simplification omnibus also weakened environmental protections. And the proposed environment omnibus (VIII) dismantles some business responsibilities in the industrial emissions directive (IED) 2.0, weakens essential nature safeguards for permitting and risks exposing workers and citizens to more toxic and hazardous substances. These, along with the earlier withdrawal of the pesticide regulation and delays in upgrading the registration, evaluation, authorisation and restriction of chemicals regulation (REACH), underline the weakening of political commitment to the zero-pollution ambition despite public interest. Short-term business and industrial farming interests trumped health and responsibility concerns. 

Some pockets of hope, however, remain as the European Commission has explicitly committed to proposing an EU-wide restriction on PFAS, the ‘forever chemicals’, from consumer products. Yet investigative journalists in the Forever Pollution Project identified intense lobbying, and there is a risk that industrial PFAS will get a regulatory free ride, despite scientific evidence and the very welcome efforts of 24 leaders from 19 countries who have taken PFAS blood tests to demonstrate the prevalence of the problem.  

The EU omnibus became hostage to politics and suffered governance failures as well as accusations of maladministration linked to the lack of impact assessment and insufficient public consultation. It went beyond simplification and embraced deregulation in many areas, eroding predictability and regulatory certainty, rewarding laggards and undermining industry leaders. 

Shrinking space for civil society and erosion of democracy

2025 was also a year when environmental civil society (but not only) came under attack, both within parts of the European Parliament and in the press, using disinformation to delegitimise, demoralise, and defund civil society, as part of the broader authoritarian playbook aimed at weakening the Green Deal and Europe’s democracy. The good news is that the disinformation did not go uncontested. The European Parliament’s plenary vote in May and the Commissioner’s statements confirmed the importance of civil society to democracy. However, despite the clear political support to civil society in the EU Civil Society Strategy and Democracy Shield, these commitments have not yet been matched by explicit financial support for environmental citizens’ organisations needed for progressive voices communicating citizens’ rights and needs. 

A way forward for Europe

The Green Deal, democracy and the European project itself are under attack in a changing world order. The EU must chart its own path, independent of fossil fuels and materials, resistant to US political forces, resolute in the face of Russia and smarter than the disinformation drive. It should build on scientific evidence and welcome the legitimate voices of citizens (such as the ‘hands off nature’ campaign, which has already gathered over 400,000 signatures) and civil society organisations. 

While EU Commission President Ursula von der Leyen’s political guidelines reaffirmed the commitment to the Green Deal, the political power struggle has changed course towards deregulation, affecting families across the EU and across the political spectrum. Impacts do not have party affiliations. The new oil crisis and the ensuing global chaos underscore the urgent need for a Green Deal reboot, with stronger measures to achieve fossil-fuel independence, which would benefit all of us.

Photo credits: Shutterstock/Martin Bergsma

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24/03/2026

The adaptation deal

Who pays for European resilience?
24/03/2026

Workers are inadequately protected against deadly heat at work

Across the EU, 33 per cent of workers report being exposed to at least one […]
24/03/2026

Green urban policies require the people’s support

Hedwig Giusto interviews Matteo Lepore
The Progressive Post

From energy shock to food crisis

Preventing another profit-driven inflation surge
18/06/2024

The war in the Middle East once again exposes the fragility of global energy and food systems and the inflationary risks they entail. The disruption in the Strait of Hormuz, a critical artery through which 20-30 per cent of the world’s oil, gas, and fertiliser trade passes, has already pushed up energy, shipping and fertiliser prices. 

Despite recent hopes of de-escalation, Brent crude oil, a key international benchmark used to price oil, remains around US$100 a barrel, around 50 per cent higher than a year ago. European oil prices have risen even more sharply, nearing US$150 per barrel. US oil cargoes remain cheaper due to stronger supply reserves there. Europe’s main wholesale gas benchmark also rose by more than 50 per cent between February and March. Global fertiliser prices are also surging: urea, a key agricultural input, rose to $725.6 per tonne from $472 a month earlier, and recent trade offers now cluster around $1,000 per tonne. Shipping costs are rising as well, driven by surging tanker rates, war-risk insurance premiums and higher fuel surcharges. Given the role of these inputs in food production and transport, the risk of broader cost-of-living shocks is already clear. 

Against this backdrop, familiar dynamics from the 2022 inflation crisis are re-emerging. Then, supply disruptions linked to Covid-19 and the Ukraine war were amplified by market concentration, speculative trading, weak price oversight and the ability of firms with market power to turn volatility into wider margins. The IMF later estimated that profits accounted for 45 per cent of price increases in the euro area during the 2022 inflation surge. 

As our recent FEPS report shows, a key lesson from 2022 is that inflation in food and energy was driven not only by supply shocks, but also by corporate pricing power and profit growth. Today, energy firms are once again benefiting from higher prices, even as volatility spreads across global economies. The risk today is not only that the war pushes up costs, but that firms along the energy and food supply chains manage to convert the disruption into higher profits, intensifying the cost-of-living shock. Preventing a repeat, therefore, requires policy responses that address both rising costs and dominant firms’ ability to turn crises into excess profits. 

Our report shows that firms across the energy and food supply chain turned disruption into extraordinary profits:

  • Energy companies benefited from rising wholesale prices, with the 65 largest European firms increasing profits by more than 50 per cent compared to pre-pandemic levels.
  • Fertiliser prices tripled – alongside profits of the largest fertiliser producers, which rose from around $15 billion annually before the pandemic to roughly $45 billion per year.
  • Shipping companies capitalised on bottlenecks in a highly concentrated industry. Profit margins surged from 1-2 per cent before the pandemic to around 50 per cent in 2022, while total profits increased from $14.7 billion to $117.1 billion. The surge in shipping costs alone added an estimated 2 percentage points to global inflation.
  • Commodity traders recorded exceptional earnings amid heightened price volatility, driven in part by speculative activity in commodity markets.
  • Food processors and retailers, such as Nestlé, used their market power to pass on rising costs while maintaining high margins, ultimately increasing the burden on consumers.

These findings confirm that supply shocks were amplified by profit growth, thereby raising both farmers’ input costs and consumer food prices. 

What should be done now?

The main policy response to the 2022 inflation surge relied on monetary tightening through interest rate hikes. But this is a blunt instrument: interest rate hikes may raise borrowing costs and reduce demand, but do little to address inflation driven by supply shocks and corporate pricing power. Recent IMF evidence suggests that countries that raised rates more aggressively did not achieve better inflation outcomes, casting doubt on the effectiveness of rate hikes, particularly in the face of large, global supply shocks. 

A broader toolkit is needed. First, governments should be prepared to use targeted price controls, particularly in energy markets. When prices spike rapidly, early intervention can prevent shocks from cascading through the economy while also limiting fiscal costs compared to broad income support schemes popular in 2022-2023. Countries that used more targeted price controls, such as Spain and Portugal, managed inflationary pressures better and had lower cumulative inflation than countries that responded little or too late. 

Second, windfall or excess profit taxes can recapture crisis-related gains for public purposes and help finance inflation-mitigation policies. Third, governments should implement stronger price and profit monitoring across supply chains. Without transparent and timely data, policymakers cannot distinguish between cost pass-through and opportunistic pricing. Such data infrastructure is key to acting early through price controls, windfall taxes, or stronger regulation.

Beyond crisis management lies the deeper challenge of structural resilience. European economies remain net importers of energy, leaving them exposed to global price shocks. Accelerating the shift away from fossil fuels is therefore both a climate imperative and a macroeconomic stabilisation strategy. Similarly, agriculture’s dependence on synthetic fertilisers and imported feed makes food prices highly sensitive to global energy markets. A shift toward more resilient and sustainable food systems can reduce these vulnerabilities over the time.

Speculation in commodity markets should also be more tightly regulated, particularly in food commodities, where volatility can have severe consequences on living costs. Finally, governments should strengthen strategic reserves for key commodities, including fuels, fertilisers, and essential crops. Strategic petroleum reserves in the US have proven their usefulness in stabilising markets; similar mechanisms could help buffer food and fertiliser markets against future shocks.

The current crisis will likely raise living costs in the near term. But it also offers a chance to build more resilient energy and food systems before another input shock becomes another full-blown cost-of-living crisis. The EU and its member states should work towards long-term energy and food resilience, decrease supply bottlenecks and accelerate the green transition. Otherwise, every geopolitical crisis becomes another inflation shock.

Photo credits: Shutterstock/somkanae sawatdinak

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05/03/2026

Poverty is not a fatality

In 2024, more than 93 million Europeans, representing 21 per cent of the EU-population have […]
05/03/2026

Poverty is the result of political choices

On 12 February, the European Parliament voted on the report of the parliament’s committee on […]
The Progressive Post

Orbán ousted by a landslide: time for a rethink

With an unprecedented voter turnout of almost 80 per cent, Hungarian Prime Minister Viktor Orbán […]
18/06/2024

With an unprecedented voter turnout of almost 80 per cent, Hungarian Prime Minister Viktor Orbán has been ousted from power by Péter Magyar and his two-year-old party Tisza. And what is more: Tisza won a constitutional majority.

As of Thursday, 16 April, Tisza has 137 representatives in parliament – four more than needed for a constitutional majority. But since votes cast at embassies and at other places than the domicile are only now being counted, and the results are announced only on Saturday, 18 April, the results could still shift slightly, and Tisza could end up with even more representatives in the national assembly.

In the 199-member parliament, 93 seats are allocated based on votes cast for party lists, on the loser’s and the winner’s compensation, and on postal votes from Hungarians living abroad. The remaining 106 seats are decided in individual constituencies on a first-past-the-post basis. On the list, Tisza won 44 seats with 52 per cent (3.1 million votes), while Fidesz won 43 seats with 39.5 per cent (2.3 million votes). Of the 106 individual constituencies, Tisza has won 93, and Fidesz 13. Thus, altogether, Tisza currently has 137 seats, while Fidesz has 56. The neo-fascist Mi Hazánk party received 340,000 votes (5.8 per cent) and will send six representatives to parliament. The Democratic Coalition (DK), which, in the European Parliament, is affiliated with the S&D group, achieved 1.15 per cent, well short of the 5 per cent parliamentary threshold, while the Hungarian Two-Tailed Dog Party (MKKP) – a former joke party that has become a liberal party – secured only 0.8 per cent.

Government-independent public opinion pollsters, 21 Research Center and Medián, have been forecasting a lead for Tisza since October 2024; and in the weeks leading up to the election, they even indicated a two-thirds majority. Pollsters linked to the government had been reporting a Fidesz lead right up until election day, so Fidesz’s defeat by such a margin exposed them as well. To those voters who get their news from Fidesz-aligned media, the party’s loss might have come as a cold shower.

Perhaps the most surprising moment of election night – at least for opposition voters – was Orbán’s congratulatory call to Magyar and his speech, which clearly acknowledged his defeat. The months leading up to the election were marked by collective hysteria, as numerous theories and – in hindsight – conspiracy theories emerged regarding everything the regime might do to cling to power: citing the Ukrainian threat or possibly false-flag operations, they would postpone the elections; they would change the electoral system at the last minute; they would call off the elections on the day of the vote due to irregularities; citing foreign interference, they would refuse to accept defeat, they would deploy the armed forces, Péter Magyar would fall out of a window, etc. In contrast, with 45 per cent of the votes counted, Viktor Orbán called Péter Magyar to congratulate him, and then, in a brief and unambiguous speech – refraining even from blaming Ukrainian or Brussels interference – acknowledged his defeat.

Is the fact that these horror scenarios did not come to pass due to the fact that Viktor Orbán has a moral line that he will not cross? Or does he have a political line, namely at least a minimalist conception of democracy that recognises the idea of majority rule and popular sovereignty? Or perhaps, did he simply recognise that seeking to preserve his power through repression might have a too unpredictable outcome – especially since, thanks to whistleblowers in the final weeks of the campaign, the public also learned that the police and the army do not stand united behind the ruling party. All this will be the subject of much analysis. If the transfer of power is as smooth as the acknowledgement of defeat, then professional analysts and political scientists may want to engage in some self-reflection.

The playing field was not level; the elections did not take place under fair conditions. The dismantling of the system of checks and balances, the use of state resources – including public media and intelligence agencies – for partisan purposes, the constant smear campaigns and intimidation, 11 years of hate propaganda, documented vote-buying with money and threats and the restriction of freedoms under neo-feudal conditions in numerous regions and subsystems – all these are signs that acknowledging defeat will not retroactively transform the Orbán regime into a liberal democracy.

But what Péter Magyar’s rise and the organisational and political innovations of the past two years have shown is that, through tenacious political work and a shift in public sentiment, it was possible to oust the Orbán regime at the polls. His burst onto the political scene in February 2024 was preceded by the collapse of ‘Orbanomics,’ Orbán’s economic model, and years of recession, inflation and declining real wages. In addition, there was the political and intellectual failure of the former opposition and Fidesz’s moral crisis, which first came to light in the clemency scandal and was followed by others. The independent press revealed that the then-president had given clemency to an accomplice in a child abuse case several months before, and counter-signed by the then justice minister Judit Varga (in February 2024 already the lead candidate for the EP for Fidesz). Following the scandal, both of them resigned. This scandal struck at the very heart of one of Fidesz’s core ideological tenets: its claim to stand for the protection of children. Suddenly, this very self-image was tarnished. It was politically devastating.

And in June 2024, the party of Péter Magyar, Judit Varga’s ex-husband, had already reached 30 per cent in the European Parliament elections. His success required insider knowledge and political intuition, allowing him to skilfully avoid Fidesz’s traps. For example, when Fidesz tried to pull him into the classic culture war-rule of law narrative and into dividing his voter base, by banning the annual Pride demonstration in Budapest, attacking LGBT rights and the right to assembly, he ignored it and continued his rural campaign. What convinced many voters was his focus on the problems of rural Hungary and on material issues, which he was able to link to people’s lived experiences – from healthcare to the emigration of young people –, and to the failures of Viktor Orbán’s misguided policies; as well as the organisational work and civic energy of the so-called ‘Tisza islands’, the ten thousands of active citizens behind the party.

In his victory speech on Sunday evening, Péter Magyar listed those who had already called him: Friedrich Merz, Emmanuel Macron, Manfred Weber, Ursula von der Leyen, Andrej Plenković and Mark Rutte, signalling his direction: towards the mainstream centre-right. During the campaign, he often stated that, unlike Orbán, he does not want to be a stick between the spokes in EU politics, but rather a spoke on the wheel; that is, he wants to move away from Orbán’s foreign policy, which is subordinated to domestic political goals and which treats the EU as an adversary and not an alliance we are part of, and rather play a ‘critical but constructive’ role in the EU. While the frozen €18 billion in EU funds is one of his most important campaign promises and a main source of funding for his pledges, he opposes dismantling the border fence and rejects the EU migration pact, as well as the financial support for Ukraine and its accelerated accession process. He will likely try to strike a middle ground between Orbán’s veto policy and the mainstream centre-right line.

Even before the election, the Hungarian Socialist Party (MSZP) realised that they had lost societal support in the face of a potent candidate who had a real chance to sweep Orbán away, and decided not to run in the elections. The Democratic Coalition made a last-ditch effort, arguing that their voters would not be able to vote against Tisza, thereforethe party’s candidacy would facilitate, rather than hinder, a government change. In other words, potential DK voters would rather abstain than vote for Tisza. Hence, if DK runs, more anti-Orbán votes will be cast. The DK met its fate. In the 14 years prior to Péter Magyar’s emergence, the party of the extremely unpopular former Prime Minister Ferenc Gyurcsány held the opposition hostage and trained voters to set aside their values and vote for the anti-Orbán force with the best chance of winning. Gyurcsány did not step down until May 2025, and the new party leader and top candidate, Klára Dobrev, was unable to stem the tide of voters flowing to Tisza. It likely did not help that while the party argued that left-wing values needed to be represented in parliament, their main campaign message was to take away the voting rights of Hungarians living beyond the border. If there is to be a left-wing movement in Hungary again, its leadership will likely not emerge from the ruins of the MSZP and the DK, but rather either through the pluralisation of Tisza’s broad platform or from future protest movements against Tisza. But first, lessons must be learned from the past 16 years, and particularly the last two years. 

Tisza’s main challenges, besides restoring the rule of law, are the budget deficit and the conflicting economic philosophies and contradicting expectations within the party and among its voters. A challenging period lies ahead, but let’s savour this moment for just a second: the Orbán regime is over. And it has been ousted by a democratic election.

Photo credits: Shutterstock/arpasi.bence


Watch the event “Unpacking Hungary’s election results” for an in-depth discussion of the key outcomes, trends and political implications of Hungary’s latest elections.

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