21 Oct
Member News, Trade & TTIP Related

Trade wars matter, but not that much

Georges Ugeux, CEO | Galileo Global Advisors  Matt Phillips made an unambiguous conclusion in the New York Times this week, warning Wall Street’s Sky-High Expectations Are About to Collide With Reality. Phillips points at the bleak outlook following the most recent corporate earnings trends. He is right in reminding investors of the real signs we should pay attention to — but too often ignore. What is the disconnect? The equity market today is at the same level as it was a year ago. During those...

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21 Oct
Chapter News, News

EU-U.S. high-level forum on small modular reactors

The European Commission and the U.S. Department of Energy (DOE) will host the first EU-U.S. high-level forum on small modular reactors (SMR). This technology has potential for deployment worldwide in those countries that choose to use nuclear energy. The high-level forum will look into this issue by bringing together business stakeholders and government authorities. The event will be held at the presence of EU Commissioner for Climate Action and Energy Miguel Arias Cañete and US Secretary of Energy Rick Perry. Compliments of...

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21 Oct
Chapter News, News

Christine Lagarde appointed President of the European Central Bank

Today, the European Council appointed Christine Lagarde to be the President of the European Central Bank for a non-renewable term of 8 years. Christine Lagarde will replace the outgoing President, Mario Draghi, as of 1 November 2019. On 2 July 2019, the European Council considered Christine Lagarde to be the appropriate candidate for President of the European Central Bank. The Council (Economic and Financial Affairs) then issued a formal recommendation on 9 July 2019. The European Parliament and the European Central...

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21 Oct
Chapter News, News

Statement by Commissioner for Trade Cecilia Malmström on the U.S. countermeasures in the Airbus dispute

Following the move by the U.S. today to apply countermeasures against imports from the EU in consequence of the World Trade Organization (WTO) Airbus dispute, Commissioner for Trade Cecilia Malmström made the following statement: “We regret the choice of the U.S. to move ahead with tariffs. This step leaves us no alternative but to follow through in due course with our own tariffs in the Boeing case, where the U.S. has been found in breach of WTO rules. Imposing tariffs on...

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21 Oct
Member News

Update on Property Tax Issues: October 2019

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).   USA California: County Assessors Are Wary of Proposed Prop. 13 Overhaul Thousands of property appraisers who work for county assessors across the state are about to retire. That...

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18 Oct
Brexit News, Member News

Vulcan Insight | Analysis of the latest EU Developments 14 – 18 Oct 2019

Key Events This Week A deal at long last After intense negotiations, a Brexit deal was finally reached between the EU and UK government on Thursday, 17 October. Chief EU negotiator Michel Barnier said that the deal agreed between Brussels and London after days of accelerated talks was a ‘fair and reasonable result’. While it is true that both the EU and the UK have moved, Johnson’s government have on the whole had to come up with more concessions. It appears that...

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18 Oct
Brexit News, Member News

Blacklines Comparison of the New UK / EU Withdrawal Agreement Terms

By Thomas Donegan, Barnabas Reynolds, James Webber | Shearman & Sterling LLP The EU and U.K. in principle agreed new terms for the withdrawal agreement giving effect to the U.K.’s exit from the European Union. These include a revised political declaration and protocol concerning Northern Ireland replacing the controversial backstop. An amended unilateral declaration on consent in Northern Ireland by the U.K. was also published. Attached to this client note are comparison documents showing the changes from the previous set...

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17 Oct
Brexit News, Chapter News

Brexit: European Commission recommends the European Council (Article 50) to endorse the agreement reached on the revised Protocol on Ireland / Northern Ireland and revised Political Declaration

The European Commission has today recommended the European Council (Article 50) to endorse the agreement reached at negotiator level on the Withdrawal Agreement, including a revised Protocol on Ireland / Northern Ireland, and approve a revised Political Declaration on the framework of the future EU-UK relationship. The Commission also recommends that the European Parliament give its consent to this agreement. This follows a series of intensive negotiations between the European Commission and UK negotiators over the past few days. Jean-Claude Juncker,...

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17 Oct
Brexit News, Chapter News

Remarks by Chief Negotiator Barnier at the press conference on the Commission Recommendation to the European Council to endorse the agreement reached on the revised Protocol on Ireland/Northern Ireland and revised Political Declaration

"Check against delivery" Mesdames et Messieurs, Aujourd'hui, nous avons trouvé un accord avec le gouvernement britannique sur le retrait ordonné du Royaume-Uni et le cadre de notre future relation. C'est le résultat d'un travail intensif des deux équipes de négociateurs, l'équipe britannique et notre propre équipe, que je veux personnellement remercier pour leur ténacité et leur professionnalisme, mais aussi, du côté européen, d'un dialogue permanent avec les 27 Etats membres et le Parlement européen, avec qui nous avons réellement co-construit ce nouvel accord. Cet accord est agréé au...

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17 Oct
Brexit News, Chapter News

Remarks by President Juncker at the joint press conference with Boris Johnson, Prime Minister of the United Kingdom

"Check against delivery" Good to see you and good to see the Prime Minister, my friend Boris Johnson. We have a deal. And this deal means that there is no need for any kind of prolongation. This is a fair and balanced agreement. It is testament to our commitment to finding solutions. It provides certainty where Brexit creates uncertainty. It protects the rights of our citizens and it protects peace and stability on the island of Ireland. There will be no border on...

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