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Brexit News, Chapter News

Brexit Begins: Article 50 of the Treaty on European Union – Q & A

Article 50 of the Treaty on European Union – Q&A What is Article 50? Article 50 of the Treaty on European Union sets out the procedure for a Member State to withdraw from the European Union, if it should wish to do so. It was first introduced by the Lisbon Treaty in 2007. How does a Member State trigger Article 50? A Member State must notify the European Council of its intention to leave. There are no particular requirements regarding the form. What happens...

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Chapter News

Budgets MEPs Back Flexibility: €6bn more for jobs, growth and tackling migration

Plans to make it easier to move money around within the EU’s long-run budget, to help tackle urgent challenges such as the migration crisis, strengthening security, boosting growth and creating jobs, were backed by the Budgets Committee on Monday. Parliament has long fought for greater flexibility within the Multi-annual Financial Framework (MFF), which would apply for the remainder of the 2014-2020 MFF. “Parliament demanded this revision of the Multiannual Financial Framework because it considered it highly necessary due to a...

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Chapter News

ECB Welcomes Dialogue with NGOs on Transparency

Non-governmental organisation commends ECB for steps taken to enhance transparency ECB confirms that it maintains balanced dialogue with all stakeholders ECB committed to strengthening good governance framework and integrity mechanisms The European Central Bank (ECB) today stressed its commitment to open dialogue with a broad range of stakeholders, as a non-governmental organisation published a report on the central bank. While emphasising that it is directly accountable to the European Parliament (EP), the ECB facilitated a project by Transparency International...

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Chapter News

The Rome Declaration: Declaration of the leaders of 27 member states and of the European Council, the European Parliament and the European Commission

We, the Leaders of 27 Member States and of EU institutions, take pride in the achievements of the European Union: the construction of European unity is a bold, far-sighted endeavor. Sixty years ago, recovering from the tragedy of two world wars, we decided to bond together and rebuild our continent from its ashes. We have built a unique Union with common institutions and strong values, a community of peace, freedom, democracy, human rights and the rule of law, a major...

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The Treaties of Rome at 60: Commission recalls Europe’s achievements and leads discussion on the future at 27

On 25 March, EU leaders will come together in Rome to celebrate the 60th anniversary of the Treaties of Rome, which were signed on this day in 1957.Commission President, Jean-Claude Juncker, will participate in the Rome Summit, where a number of events are being organised to mark the occasion and to reflect on Europe's common future. The Treaties of Rome – signed by the six founding Member States – paved the way for the European Union that we know today:...

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Chapter News

Fintech—A Brave New World for the Financial Sector?

From smartphones to cloud computing, technology is rapidly changing virtually every facet of society, including communications, business and government. The financial world is no exception. As a result, the financial world stands at a critical juncture. Yes, the widespread adoption of new technologies, such as blockchain-based systems, offers many potential benefits. But it also gives rise to new risks, including risks to financial stability. That causes challenges for financial regulators, a subject I addressed at the 2017 World Government Summit...

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Chapter News

Better products and more choice for European consumers

The Commission presented an Action Plan setting out ways to provide consumers with greater choice and better access to financial services across the EU. President Juncker's Commission has committed to developing a deeper and fairer Single Market, including through digital means. In terms of financial services, this means enhancing competition and improving choice so that consumers can enjoy lower prices and better quality, regardless of whether or not they shop abroad for financial services such as bank accounts, car...

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Chapter News, New York Related News

Four big updates from NYC

I write with four great updates from New York City.  If any of these catch your interest, feel free to follow up with me, and I will be happy to connect you with the right people! Adding to the eighteen existing City-supported incubators, New York City announced a number of new spaces that will come online in the near future: A $136 million “Made in New York” campus at Bush Terminal in Brooklyn that will be a modern hub...

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Chapter News

Celebrating 70 Years of Friendship

  This year we're celebrating three important anniversaries in EU-U.S. history: the 70th anniversary of the Marshall Plan, the 65th anniversary of EU-US diplomatic relations, and the 60th anniversary of the Treaty of Rome. In this video address, EU Ambassador David O'Sullivan states, "In honoring these three anniversaries, we are truly celebrating the American and European visionaries who dared to dream what Europe could become." Watch the video. Compliments of the Delegation of the EU to the US  

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Clearer energy labelling: improved energy efficiency

The Council reached a provisional agreement with the European Parliament on a regulation setting a framework for energy efficiency labelling. This agreement will have to be confirmed by the member states Permanent Representatives (Coreper) tomorrow. The proposed regulation will replace the current legislation (Directive 2010/30/EU) retaining its main principles but further clarifying, strengthening and extending its scope. The Energy labelling framework allows customers to be more aware of the energy efficiency and energy consumption of household appliances (such as dishwashers, televisions,...

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