Chapter News

ECB | Europe at a crossroads: it is high time to complete the Single Market

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the SRB Legal Conference 2025 Thank you for your kind invitation. It is a pleasure to join you this morning to discuss the key obstacles to completing the single European market from the ECB’s perspective. 40 years ago Jacques Delors presented a now-famous "White Paper", outlining a bold and comprehensive vision for completing the single European market. This historic...

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Member News

IPTI | Property Tax in the News – June 2025

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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Uncategorized

ECB | US financial conditions and their link to economic activity: the role of equity valuations

Prepared by Cajsa Klass and Ana-Simona Manu Financial conditions matter for economic activity and inflation. Financial conditions indices (FCIs) provide a consolidated measure of how easily and cheaply households, firms and governments can access financing, which in turn influences spending and investment decisions across the economy. Various FCIs have been proposed by practitioners and scholars. These differ in specification and scope, but typically include key financial variables such as interest rates, equity prices, corporate bond spreads and exchange rates. Central banks, for...

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Chapter News

European Commission | Simplification proposal to speed up defence investments in the EU

Today, the European Commission proposes measures to speed up defence investments and production to make the EU more responsive to today's security challenges, as outlined in the Commission's White Paper for European Defence-Readiness 2030. The measures, laid down in a Defence Readiness Omnibus, aim to help Member States and industry scale up defence capabilities and infrastructure to reach the levels of readiness required to prepare for and thereby deter a high intensity conflict. The measures reduce red tape, facilitate investments in defence...

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Chapter News

World Bank | FDI Flows to Developing Economies Drop to Lowest Level Since 2005

High Trade and Investment Barriers Pose Threat to Mobilizing Financing for Development WASHINGTON, June 16, 2025—Flows of foreign direct investment (FDI) into developing economies—a key propellant of economic growth and higher living standards—have dwindled to the lowest level since 2005 amid rising trade and investment barriers, new research from the World Bank shows. These barriers pose a significant threat to global efforts to mobilize financing for development. In 2023, the latest year for which data are available, developing economies received just...

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Member News

NAL Research | How a Secondary APNT Solution can Help Maintain Operations During Severe Weather

The 2025 North American severe-weather season has begun, with experts predicting above-average hurricane¹, tornado², and fire³ seasons. Last year, the Atlantic hurricane season alone was estimated to have caused more than $200 billion in damages and economic losses⁴. When disaster strikes, having a secondary assured positioning, navigation, and timing (APNT) solution integrated into your operations can help reduce downtime and enhance asset safety in the following ways: 1. Delivers weather-proof connectivity that works inside or outdoors Whether you’re overseeing emergency personnel in...

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Chapter News

ECB | Europe’s “global euro” moment

By Christine Lagarde, President of the European Central Bank For the euro to reach its full potential, Europe must strengthen three foundational pillars: geopolitical credibility, economic resilience and legal and institutional integrity. We are witnessing a profound shift in the global order: Open markets and multilateral rules are fracturing, and even the dominant role of the US dollar, the cornerstone of the system, is no longer certain. Protectionism, zero-sum thinking and bilateral power plays are taking their place. Uncertainty is harming...

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Chapter News

European Commission | 2025 State of the Digital Decade package

The State of the Digital Decade 2025 report offers a comprehensive overview of the EU’s digital transformation. The Commission’s State of the Digital Decade 2025 report shows that each Member State has adopted a roadmap detailing the actions and budget to advance their digital transformation in line with the Commission’s recommendations following last year’s report. Main findings The third annual report assesses the EU’s progress along the four pillars for the EU’s digital transformation, highlighting achievements and gaps while proposing concrete recommendations...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – The U.S. Trade Representative and port fees, congestion easing, air freight rates holding firm, four strategies to cope with supply chain challenges, and the new European Ocean Pact.

Lest we forget, port fees are back in the news again. The US Trade Representative is requesting public comments through July 7th with regards to the Section 301 investigation into China’s maritime dominance. Beginning October 14, Chinese-owned ships will pay escalating fees per net ton, while other vessels built in China will pay higher container- or tonnage-based rates, increasing annually through 2028. The fee starts at $50 per net ton and will go up to $140. The move follows an earlier...

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Chapter News

IMF | Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 

By Yan Liu, General Counsel and Director of the Legal Department, IMF Greater debt transparency builds investor confidence, helps reduce borrowing costs, and strengthens debt sustainability—reducing the risk of shocks that can lead to a debt crisis Public debt is projected to reach nearly 100 percent of global gross domestic product by the end of this decade, surpassing even pandemic-level highs. Governments, particularly those in emerging market and developing economies, face both mounting debt service costs and shrinking room to maneuver...

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