Chapter News

Chapter News

Banking Union and Capital Markets Union; Climate Strategy

Commission reports on progress in risk reduction in the Banking Union, calls for fast progress on Capital Markets Union and adopts climate change strategy​ Banking Union and Capital Markets Union The Commission adopted today two Communications on the Capital Markets Union and on the Banking Union. Concretely, the Commission took stock of the latest developments as regards risk reduction in the banking sector and progress towards an even more integrated and stable EU financial system, ahead of the December European Council...

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Brexit News, Chapter News

Political declaration setting out the framework for the future relationship between the European Union and the United Kingdom

INTRODUCTION 1. The European Union, hereafter referred to as “the Union”, and the United Kingdom of Great Britain and Northern Ireland, hereafter referred to as “the United Kingdom”, ("the Parties”) have agreed this political declaration on their future relationship, on the basis that Article 50(2) of the Treaty on European Union (TEU) provides for the negotiation of an agreement setting out the arrangements for the withdrawal of a departing Member State, taking account of the framework for its future relationship with the Union. In that...

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Brexit News, Chapter News

The consequences of Brexit for the French and European financial sectors – Paris, 23 November 2018: Speech by François Villeroy de Galhau, Governor of the Banque de France

The consequences of Brexit for the French and European financial sectors Ladies and gentlemen, I am delighted to welcome you along with Bernard Delas to this new conference organised by the ACPR, which this morning will focus on the consequences of Brexit for the financial sector. This issue is admittedly constantly evolving in line with current events... I welcome the agreement that was reached between the European negotiators and their British counterparts last week and we all hope that it will...

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Chapter News

All EU countries will continue to grow this year, even if at a slower pace, thanks to the strength of domestic consumption and investment.

Commission sets out EU's economic and social priorities for 2019, presents Opinions on Draft Budgetary Plans and confirms the existence of particularly serious non-compliance with the Stability and Growth Pact in the case of Italy; Greece is integrated into the European Semester for the first time. The 2019 European Semester cycle of economic and social policy coordination begins against a backdrop of sustained but less dynamic growth in a climate of high uncertainty. A lot has been achieved since 2014...

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Chapter News

Main Results of the European Union Foreign Affairs Council of November 19

Foreign ministers discussed on November 19 the most pressing issues on the international agenda. They highlighted their continued full support for the Iran nuclear deal (JCPOA), following the entry into force of US sanctions on 5 November 2018. They noted that the agreement continues to be implemented by Iran, as certified for the 13th time by the International Atomic Energy Agency (IAEA). At the same time, they expressed their full solidarity to those member states which witnessed unacceptable behaviour from Iranian...

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Brexit News, Chapter News

European Commission recommends to the European Council (Article 50) to find that decisive progress has been made in Brexit negotiations

Brussels, 14 November 2018 The negotiators of the European Commission and the United Kingdom have today reached a deal on the terms of the Article 50 Withdrawal Agreement. All aspects of the Withdrawal Agreement have now been finalised and agreed at negotiator level. This agreement marks a decisive moment in the negotiations. The European Commission therefore recommended to the European Council (Article 50) to find that decisive progress has been made in the negotiations on the orderly withdrawal of the United...

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Brexit News, Chapter News

Preparing for the withdrawal of the United Kingdom from the European Union on 30 March 2019: a Contingency Action Plan

The United Kingdom has decided to leave the European Union, invoking the procedure foreseen by Article 50 of the Treaty on European Union. The Commission regrets this decision, but respects it. On 30 March 20192, the United Kingdom will become a third country. All Union primary and secondary law will cease to apply to the United Kingdom from that moment, unless a ratified withdrawal agreement establishes another date. As emphasised in the Commission’s first Brexit preparedness Communication of 19 July...

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Brexit News, Chapter News

UK Labour Stance on Brexit with be critical

BY JOHN BRUTON The worst possible outcome of Brexit for Ireland would be the UK crashing out of the EU, without a deal, next March because the UK Parliament cannot make a decision. The key to avoiding this disaster is in the position of the British Labour Party. So far, the focus of discussion in regard to Brexit has been on whether the minority Conservative Government can reach sufficient consensus internally, to make a deal to withdraw the UK from the EU. But...

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Chapter News, Financing for Development/UN SDG's

The Single Market as a Driver of Investment in Europe

As we celebrate the EU Single Market’s 25th anniversary, it is important to take stock of the enviable economic growth and welfare it has brought to Europe, while also acknowledging that new areas need to be prioritised so that the Single Market can remain fit for purpose in the 21st century. Furthermore, sustaining higher rates of investment and improving the business environment in complementarity to the Single Market is an integral part of the EU’s ambitious Investment Plan for Europe – widely...

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Brexit News, Chapter News, Trade & TTIP Related

EU and US Sanctions: Which Sovereignty?

This text is the outcome of a workshop with MARIEHÉLÈNE BÉRARD, investment banker, FARID FATAH, Ph.D. candidate in Law, PASCAL LAMY, President emeritus of the Jacques Delors Institute, LOUIS SCHWEITZER, Honorary Chairman of Renault, and PIERRE VIMONT, Senior Fellow at Carnegie Europe. If one accepts Jean-Claude Juncker’s last State of the Union speech in September 2018, “the time for European sovereignty has come.” As if to prove his case, Donald Trump affirmed this before the UN General Assembly a couple...

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