Chapter News

Chapter News

European Capital Markets Union: Common EU rules on securitisation are applying since 1 January

New rules to revive the EU's securitisation market will lead to more investment opportunities and increased lending to households and businesses. The new harmonised securitisation rules, which will apply as of 1 January, are an important building block of the Capital Markets Union. They will help provide additional funding sources for companies, strengthen banks' ability to support the economy and spread risks across market participants, while avoiding the excesses that led to the financial crisis. Drawing heavily on the work of the...

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Chapter News

The Euro, Europe’s common currency, celebrates its 20th birthday

The euro, Europe's common currency, turned 20 on 1 January 2019. Exactly 20 years ago, on 1 January 1999, 11 EU countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank. The historic moment was a milestone on a journey driven by the ambition of ensuring stability and prosperity in Europe. Today, still young, the euro is already the currency of 340 million Europeans in 19 Member States. It has brought tangible...

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Chapter News, Trade & TTIP Related

EU statement at the Trade Policy Review of the United States

Geneva, 17/12/2018 - 13:27, UNIQUE ID: 181217_10 | Statements on behalf of the EU Chair, At the last Trade Policy Review of the United States two years ago, a month before President Trump was sworn into office, I ended the EU statement with the hope that the protectionist rhetoric would end once the President-elect had taken office. Today, unfortunately, rhetoric has turned into reality and the repercussions of tariffs and other restrictions are being felt at the heart of this organisation,...

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Chapter News

Results from Transport, Telecommunications and Energy Council (Energy), meeting on 19/12/2018

The European Council was updated on the state of play on the Clean energy package files. I am very happy that yesterday we successfully concluded negotiations with the European Parliament on the two electricity market design files. This means that - provided EU ambassadors confirm this result - we now have a political agreement on the entire clean energy package. This will bring benefits to consumers in the form of lower energy prices and more possibilities to become active in the electricity...

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Brexit News, Chapter News, News

WHY IS THERE AN IRISH BACKSTOP?

By John Bruton, a former Irish Taoiseach from 1994 to 1997, Ambassador of the European Union to the United States from 2004 to 2009 It puzzles many people in Britain that something known as an “Irish backstop” should be at the heart of an increasingly bitter dispute. The dispute is about the Deal the UK Government has made with the EU on the terms for the UK leaving the EU.  Most people understand that, when the UK leaves the EU, the...

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Chapter News

How global trade disruption is taxing supply chains and operating models

By Gijsbert Bulk Global trade was transformed in 2016 as the British electorate voted to leave the EU and Donald Trump became the 45th president of the US. The political and economic uncertainty these two events have generated is greater than that seen during the global financial crash of 2008-09, according to the Global Economic Policy Index, which tracks news and policy sites to measure certainty. Countries are competing against one another in a series of increasingly unpleasant trade wars. According...

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Brexit News, Chapter News

EU statement at the Trade Policy Review of the United States, 17 December 2018

Chair, At the last Trade Policy Review of the United States two years ago, a month before President Trump was sworn into office, I ended the EU statement with the hope that the protectionist rhetoric would end once the President-elect had taken office. Today, unfortunately, rhetoric has turned into reality and the repercussions of tariffs and other restrictions are being felt at the heart of this organisation, and more generally in global growth prospects. The US has shaped the global...

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Brexit News, Chapter News

Brexit: European Commission implements “no-deal” Contingency Action Plan in specific sectors

The United Kingdom will leave the European Union in 100 days' time. Given the continued uncertainty in the UK surrounding the ratification of the Withdrawal Agreement, as agreed between the EU and the UK on 25 November 2018 – and last week's call by the European Council (Article 50) to intensify preparedness work at all levels and for all outcomes – the European Commission has today started implementing its “no deal” Contingency Action Plan. This delivers on the Commission's commitment to adopt...

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Brexit News, Chapter News

Main Results of the European Council

Remarks by President Donald Tusk after the European Council meeting on 14 December 2018 Main results The European Council on 13-14 December 2018 focused on the EU's long-term budget, external relations, migration and the single market. EU27 leaders also discussed Brexit on Thursday and the euro area on Friday. European Council conclusions, 13-14/12/2018 European Council (Art. 50) conclusions, 13/12/2018 Remarks by President Donald Tusk after the European Council and Eurosummit meetings, 14/12/2018 At the start of the meeting, Chancellor Sebastian Kurz, representing the...

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