09 May
Chapter News

Investment Plan for Europe: First EFSI deal signed in Greece by EIF and ProCredit Group to provide loans for innovative SMEs

The European Investment Fund (EIF) and ProCredit group have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Greece. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Under the new agreement ProCredit group will provide EUR 20 million of loans to innovative companies in Greece over the next two years. The loans will be supported by an EIF...

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06 May
Chapter News

Remarks by President Jean-Claude Juncker at the Panel discussion on the “State of the European Union” with European Parliament President Schulz, European Council President Tusk and Prime Minister of Italy, Matteo Renzi

Dear friends, I was a member of the Council of Ministers for 30 years. I was Prime Minister of my country for 19 years and so I can say, without being arrogant, that I have experienced European daily life in different functions. Why is it so difficult now? It was never easy. But what has changed is the general atmosphere and the personal beliefs and convictions of those being in charge of the European projects. In former times, we were working together,...

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05 May
Chapter News, Trade & TTIP Related

The State of the TTIP Talks

The below graphic outlines the status of the various areas of negotiation being addressed by TTIP. Among them: Agriculture, Anti-Corruption, Competition, Cross border Trade Services, Customs, Trade Facilitation, eCommerce, Energy & Raw Materials, Investment Protection, IP, Legal & Institutional, Procurement, Market Access for Industrial Goods, Regulatory Coherence & Cooperation, Rules of Origin, SME's, State Owned Enterprises, Sanitary & Phytosanitary Measures, State-to-state dispute Settlements, Subsidies, Sustainable Development, Technical Trade Barriers, Textiles & Apparel, Trade Remedies... Click on the graph to see a...

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05 May
Chapter News, Trade & TTIP Related

World Trade Month: The Importance of Global Trade

Every year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished. In 2015, our exports totaled $2.23 trillion, we increased our exports to 58 international markets, and we achieved record exports with 20 global partners. Our export success was one aspect of a...

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05 May
Member News

Aeropostale Reveals List of Stores That Won’t Fly Any More & Fresh Market to Close 13 Stores

Aeropostale announced it will be closing 154 stores in conjunction with its bankruptcy filing. We've created a list of CMBS loans that intersect with that list of closings (Aeropostale store closings touching CMBS). There are 36 loans for which a closing Aeropostale is part of the tenant base. The majority of the properties do not list Aeropostale as a top five tenant. Nine of the loans are either going through the foreclosure process, are already REO, or are 60 or more days...

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05 May
Chapter News

Joint Statement: U.S.-EU Energy Council

Joint Statement U.S.-EU Energy Council 1. The seventh United States-European Union Energy Council met today in Washington, D.C., chaired by U.S. Secretary of State John Kerry, U.S. Secretary of Energy Ernest Moniz, EU High Representative/Vice President Federica Mogherini, European Commission Vice President Maroš Šefčovič and European Commissioner Miguel Arias Cañete. Minister for the Environment of the Netherlands Sharon Dijksma represented the Presidency of the Council of the European Union.  The Energy Council, a forum on U.S.-EU energy priorities, promotes transparent,...

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04 May
Member News

Toy Industry Association (TIA) Elects New Leadership at Annual General Meeting

The Toy Industry Association (TIA) announced the election of eight new members to the TIA Board of Directors for two-year terms of office expiring in 2018 during its Annual General Meeting held in Miami, Florida. The meeting also saw the chairmanship gavel pass to David Hargreaves of Hasbro, Inc. from retiring Board Chairman John Gessert of American Plastic Toys. Nominated to serve their first terms on the TIA Board were Kathleen Campisano, Vice President of Toys & Games, Barnes &...

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04 May
Member News

Social Justice and Sustainable Change: The Impacts of Higher Education

Last month, IIE hosted a panel discussion and reception to mark the release of a new IIE report, Social Justice and Sustainable Change: The Impacts of Higher Education. Yielding the first findings from our 10-year impact study of the Ford Foundation International Fellowships Program (IFP), Social Justice and Sustainable Change shows that funding the post-graduate academic pursuits of emerging social justice leaders from marginalized groups leads to significant, measurable benefits for communities and organizations in their countries and throughout the...

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04 May
Chapter News

European Report Card: Worries Over Eurozone Growth, Greece and ‘Brexit’

With growth slowing and the region facing a wide array of challenges — from the long-running Greek debt crisis to the possibility of a British exit from the European Union — the European Commission, the 28-nation bloc’s executive arm, warned on Tuesday of “high risks” and “substantial uncertainty” in the economy. Here are some highlights from the commission’s latest forecast: The European Economy “The recovery in the euro area remains uneven, both between member states and between the weakest and the strongest...

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03 May
Chapter News

Capital Markets Union: Commission supports crowdfunding as alternative source of finance for Europe’s start-ups

The European Commission is today publishing its report on the EU crowdfunding sector, part of the Capital Markets Union Action Plan. Supporting innovative ways of connecting savings to growth and diversifying the funding sources for European businesses is crucial to improving growth and job creation in Europe. The report finds that crowdfunding remains relatively small but is developing rapidly. If appropriately regulated, it has the potential to be a key source of financing for SMEs over the long term. EU Member...

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