Brexit News

Brexit News, Chapter News

New Fault Lines in Europe and the Political Consequences of Brexit

John Bruton, former Taoiseach, delivering the Grattan lecture in the Irish Embassy in London at 7.45pm on Monday 12 June, said; THE HISTORIC CONTEXT OF BREXIT  If one reviews European history over the period since the Reformation five hundred years ago, the role that England has sought to play in Europe has been that of holding the balance between contending powers. It used its naval strength, and the overseas colonies  its naval strength allowed it to hold, to exercise that balancing...

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Brexit News, Chapter News

Brexit News: Theresa May Makes a Statement after Stunning Majority Loss in UK Parliament

Theresa May, 9 June, 10 Downing Street: I have just been to see Her Majesty the Queen, and I will now form a government – a government that can provide certainty and lead Britain forward at this critical time for our country. This government will guide the country through the crucial Brexit talks that begin in just 10 days, and deliver on the will of the British people by taking the United Kingdom out of the European Union. It will work to...

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Brexit News, Member News

VULCAN VIEW for May 22-26

VULCAN VIEW KEY EVENTS THIS WEEK: BREXIT EU lays down rules for regulatory agencies relocation The battle to lure the departing UK-based European regulatory agencies is on as Brussels has issued the criteria which will guide how it will decide their future post-Brexit locations. In a proposal published earlier this week, the President of the European Council Donald Tusk laid down the ground rules and called on member states to have bids submitted by July 31st. The London-based European Medicines Agency (EMA) and European...

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Brexit News, Chapter News

Statement by Michel Barnier at the press conference following the General Affairs Council (Art. 50)

Ladies and gentlemen, From the day the UK decided to leave, the EU has gone through an intense preparatory process. We are ready and well-prepared: • We have a clear mandate supported by all 27 Member States. • We have a solid resolution from the European Parliament. • We have excellent working relations between all EU institutions. • We have a negotiation team. All structures are in place. The new Brexit Council working group will meet tomorrow already. In the course of the next few days...

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Brexit News, Chapter News

Brexit: Negotiation mandate adopted by EU-27

The 27 member states of the European Union today adopted the negotiating mandate of Michel Barnier and his team, giving him the green light to open discussions on the UK's withdrawal from the EU and EU Institutions. "The EU-27 formally adopts the Brexit negotiating directives, appoints the Commission as negotiator and authorizes the opening of negotiations," the EU's Maltese EU Presidency said on the social network. The mandate given by the member states is "firm and clear", welcomed the EU's deputy...

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European Parliament MEPs welcome unity on Brexit and call for reform of the EU

MEPs welcomed the unity of the 27 Member States and the EU institutions with regard to Brexit and also called for a reform of the EU to benefit all its citizens. The President of the European Council Donald Tusk presented to MEPs the Guidelines for Brexit negotiations agreed by the Member States at the summit on 29 April. He welcomed the alignment with the ‘red lines’ set by the European Parliament. The detailed negotiating mandate will be presented for adoption...

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Brexit Negotiations: Debate with Tusk, Juncker and Barnier on European Council’s Conclusions

MEPs will debate on Wednesday morning the guidelines for the EU negotiations with the UK that the European Council agreed at its last meeting in April. European Council President Donald Tusk, Commission President Jean-Claude Juncker and EU chief negotiator for Brexit Michel Barnier will take part in the debate. The guidelines agreed by the Council are broadly in line with the key principles and conditions for the UK's withdrawal agreement European Parliament adopted on 5 April. In their resolution, MEPs...

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Brexit News, Chapter News

Brexit: Protecting the Rights of Millions of EU citizens Living in the UK

Although few of them were allowed to vote during the referendum, the millions of EU citizens living in the UK will be among those affected the most by Brexit. The EU wants to reach a deal to protect their rights as soon as possible during the upcoming negotiations with the UK. This week Parliament is holding a hearing on the situation and rights of EU citizens in the UK. Watch the meeting live online and check out our infographic...

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Bank of England sets out bailout bond requirements for UK banks

The Bank of England on Friday made public for the first time how many special loss-absorbing bonds British-based banks must issue to prevent taxpayers having to pay for bank bailouts in the future. by Huw Jones The bonds, known as MREL, are aimed at ending "too big to fail" banks, which means banks will have enough resources to draw on in a crisis without going cap in hand to taxpayers. MREL bonds convert into equity capital once a bank's main capital reserves...

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Brexit News, Chapter News

Brexit Update: President Juncker at Brexit European Council

President Juncker participates in the European Council to prepare the Brexit negotiating mandate and helps finding solutions on a number of bilateral issues. At the European Council on Article 50 today, leaders adopted the EU's Political Guidelines for the Brexit negotiations. President Juncker welcomed the adoption of the Political Guidelines which reflect the joint work of President Juncker and President Tusk and their teams. He also underlined the Commission's commitment to defending the interests of the EU27 and building the best...

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