Chapter News

Chapter News

IMF | Global Policy Responses to Capital Flow Volatility

The COVID-19 health and economic crisis has once again focused attention on the fickleness of capital flows and the need to have an adequate policy toolkit to manage the risks that stem from these flows, while maximizing their benefits. A virtual workshop organized by the Bank of England, Banque de France, International Monetary Fund and the Organization for Economic Co-operation and Development (OECD) highlighted risks emerging from the changing landscape of global capital flows and the need for greater international efforts to...

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Chapter News

European Commission to issue €62.9 billion worth bonds under existing programmes in 2021

On 22 December 2020, the European Commission confirmed its plan for bond issuances in 2021 under its existing borrowing programmes. These include the SURE instrument to support short-term employment schemes in the EU Member States, the European Financial Stabilisation Mechanism (EFSM) to refinance debt to two EU countries, as well as the Macro-Financial Assistance (MFA) to help non-EU countries address the coronavirus crisis. In total, the EU is going to raise at least €62.9 billion under these three programmes....

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Chapter News, COVID-19 News

Recovery Plan for Europe: NextGenerationEU

NextGenerationEU is a €750 billion temporary recovery instrument to help repair the immediate economic and social damage brought about by the coronavirus pandemic. Post-COVID-19 Europe will be greener, more digital, more resilient and better fit for the current and forthcoming challenges. The Recovery and Resilience Facility: the centrepiece of NextGenerationEU with €672.5 billion in loans and grants available to support reforms and investments undertaken by EU countries. The aim is to mitigate the economic and social impact of the coronavirus pandemic...

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Chapter News

The essential fight against disinformation and manipulation

December 28, 2020 | By HR/VP Josep Borell Especially during the Covid-19 “infodemic”, we have seen how widespread and how damaging foreign interference and disinformation can be for our security, our democracy and our societies. Addressing disinformation is an urgent necessity. In a recent blog post, I discussed the threats that our democracies are facing in the cyberspace. I have also spoken often about the on-going ‘battles of narratives’. Countries and political leaders are trying to explain their positions and to portray...

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Brexit News, Chapter News

EU-UK Trade and Cooperation Agreement: protecting European interests, ensuring fair competition, and continued cooperation in areas of mutual interest

After intensive negotiations, the European Commission has reached today an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our European interests, ensure fair competition, and provide much needed predictability for our fishing communities. Finally, we can leave Brexit behind us and look to...

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Brexit News, Chapter News

What The Brexit Trade Deal Means by John Bruton

By John Bruton, former Taoiseach, Irish Prime Minister, and former EU Ambassador to the United States The Trade and Cooperation Agreement between the EU and the UK is an exercise in damage limitation. The UK will face numerous obstacles because of its decision to leave the EU, including leaving the Customs Union and Single Market. But it was in nobody’s interest to add to these obstacles. That was the spirit in which the EU approached the negotiation. The Agreement may run to...

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Brexit News, Chapter News

Agreements reached between the United Kingdom of Great Britain and Northern Ireland and the European Union

NOTE: The Trade and Cooperation Agreement and other agreements below are provided for information only. No rights may be derived from them until the date of application. The numbering of the articles is provisional. The United Kingdom and the European Union have agreed a Trade and Cooperation Agreement, an Agreement on Nuclear Cooperation and an Agreement on Security Procedures for Exchanging and Protecting Classified Information. These Agreements are designed to honour the instruction of the British people – expressed in...

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Brexit News, Chapter News

EU-UK Trade and Cooperation Agreement: A new relationship, with big changes – Overview of consequences and benefits

On 1 January 2021, the United Kingdom will leave the EU Single Market and Customs Union, and all EU policies. This was its choice. As a result, it will lose all the rights and benefits it had as an EU Member State, and will no longer be covered by the EU’s international agreements. This will bring far-reaching changes, affecting citizens, businesses, public administrations and stakeholders in both the EU and the UK. To limit the disruption insofar as possible,...

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Chapter News

Europe fit for the Digital Age: Commission proposes new rules for digital platforms

The Commission has proposed today an ambitious reform of the digital space, a comprehensive set of new rules for all digital services, including social media, online market places, and other online platforms that operate in the European Union: the Digital Services Act and the Digital Markets Act. European values are at the heart of both proposals. The new rules will better protect consumers and their fundamental rights online, and will lead to fairer and more open digital markets for everyone....

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Brexit News, Chapter News

Speech by Michel Barnier in plenary session of the European Parliament Today

Madame President, Ladies and Gentlemen, Thank you for this new opportunity to take stock of this very long and extraordinary negotiation that I have the honor to lead on behalf of the Commission and on your behalf for more than four years now. Together, with your Parliament and the Council, we have already succeeded in enabling an orderly withdrawal of the United Kingdom, as it wished. It is for this withdrawal agreement that Maroš Šefčovič has just spoken of,...

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