Chapter News

25 Mar
Chapter News, News

ECB | Navigating Energy Shocks: Risks and Policy Responses

Keynote speech by Christine Lagarde, President of the ECB, at “The ECB and Its Watchers” conference organised by the Institute for Monetary and Financial Stability at Goethe University Frankfurt  It is a pleasure to be back at the ECB Watchers Conference. If this event had been held a few weeks ago, my speech would have been very different. The euro area economy ended the year with solid growth momentum. Inflation stood at 1.9% in February. And domestic growth engines looked to...

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24 Mar
Chapter News, News, Trade & TTIP Related

European Commission | EU and Australia strengthen relations with Security and Defence Partnership and Trade Agreement

The EU and Australia have today announced the adoption of a groundbreaking Security and Defence Partnership. They have also concluded negotiations for an ambitious and balanced free trade agreement (FTA) and agreed to launch formal negotiations for the association of Australia to Horizon Europe, the world's largest funding programme for research and innovation. With these steps, the EU and Australia are delivering mutually beneficial outcomes and further reinforcing their already close relations in a time of geopolitical uncertainty. The FTA...

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24 Mar
Chapter News, News

IMF | America’s Perilous Fiscal Path

It’s easier to explain how the US got into its fiscal difficulties than how it will get out of them. In 1990, US public debt stood at 43 percent of gross national product (GNP). The economy was growing only slowly, the unemployment rate exceeded 5 percent, and the Congressional Budget Office forecast that deficits would fall over the following five years, from 4.0 percent to 1.8 percent of GNP. And yet President George H.W. Bush was so concerned about mounting national...

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19 Mar
Chapter News, News, Trade & TTIP Related

European Parliament | MEPs Back the Lowering of Tariffs on US Agricultural and Industrial Products

Suspension clause in case of new US tariffs Sunrise clause: tariff preferences only effective when the US respects commitments Stronger protection regarding steel imports The International Trade committee adopted its position on Thursday on two proposals implementing certain tariff aspects of the EU-US Turnberry trade deal. The International Trade committee adopted its position on Thursday on two proposals implementing certain tariff aspects of the EU-US Turnberry trade deal. MEPs in the International Trade Committee adopted their position on two legislative proposals that eliminate...

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18 Mar
Chapter News, News, Trade & TTIP Related

ITA | Department of Commerce Announces New American AI Exports Program Phase

The U.S. Department of Commerce today announced further implementation of the American AI Exports Program with a Call for Proposals from U.S. industry-led consortia to export full-stack AI technology packages. Under President Donald J. Trump’s AI Action Plan and export directives, the Department of Commerce is implementing a full-stack AI export package promotion program to advance America’s AI leadership globally. “America’s continued global leadership in AI depends on our ability to export our AI to allies around the world,” said Under...

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18 Mar
Chapter News, News

European Commission | Q&A on EU Inc – Making Business Easier in the European Union

Why is the Commission proposing EU Inc.? Today, for too many entrepreneurs and innovative companies, expanding across EU borders means navigating a fragmented corporate legal landscape. European companies looking to grow and scale are faced with navigating 27 national legal systems and over 60 company forms. On top of that, many processes still require manual paperwork, in-person appointments, and unnecessary documentation. This can delay the setting-up of a company for weeks or even months, slowing growth, raising costs and discouraging scale. During the...

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16 Mar
Chapter News, News

IMF | Europe Can Regain Its Productivity Edge by Scaling Up

Capital markets integration, expanding opportunities for workers, and bigger consumer markets will allow companies to grow faster. Europe once led the world in productivity growth but now lags the United States —and the gap has widened significantly in recent years. The Chart of the Week shows that behind this shortfall is the staggering difficulty that European firms face in scaling up. In the United States, the stock market valuation of young firms (under the age of 50) is $42.9 trillion, compared to a...

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13 Mar
Chapter News, News, Trade & TTIP Related

World Bank | How Forever Chemicals are Impacting International Trade

Blog | "Forever chemicals” are synthetic substances that have been widely used for decades in industrial and consumer products due to their resistance to heat, oil, and water. Officially called per- and polyfluoroalkyl substances – or PFAS – they are man-made chemicals that do not degrade easily and accumulate in soil, water, air, and ultimately, the food we eat. Forever chemicals can pose serious environmental and health risks, but they are also fast becoming a challenge in international trade, resulting...

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13 Mar
Chapter News, News

European Council | Council Agrees Position to Streamline Rules on Artificial Intelligence

Today the Council agreed its position on the proposal to streamline certain rules regarding artificial intelligence (AI). The proposal forms part of the so-called “Omnibus VII” legislative package in the EU’s simplification agenda. The package includes proposals for two regulations aiming to simplify the EU’s digital legislative framework and the implementation of harmonised rules on AI. "Streamlining the AI rules is essential for ensuring the EU’s digital sovereignty. As presidency, we worked on this proposal with urgency, reaching a swift agreement to facilitate the timely...

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12 Mar
Chapter News, News

ECB | A Highway for the Future of Europe’s Digital Finance

Blog|  Piero Cipollone, Member of the Executive Board of the ECB As payments and financial markets go digital, central bank money must evolve too. Through initiatives such as Pontes and Appia, the Eurosystem is working with market participants to ensure that tokenised finance can settle safely in central bank money, supporting innovation, integration and Europe’s financial sovereignty. Technology is transforming how we communicate, travel, work and pay. The way that central banks issue money also needs to change, to meet the...

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