Brexit News, Member News

Vulcan View: The latest EU developments 7 December – 11 December

Brexit negotiators aim to salvage a deal by Sunday

After the post-Brexit negotiations reached its latest impasse, all eyes were on UK Prime Minister Boris Johnson and President of the European Commission, Ursula von der Leyen to break the deadlock this week. No deal was struck, and the negotiators have been given until Sunday to find an accord. In a week of political leadership, a high-level political dinner was called on Wednesday night to discuss how best to resolve the ongoing Brexit stalemate. Keep reading.


EU leaders strike last-minute deal on the new EU budget and Recovery Fund

At this week’s European Council Summit, EU leaders managed to strike a deal to unlock the EU’s 7-year budget and Recovery Fund – totalling €1.8 trillion. In recent weeks, the earlier agreement reached in July had suffered setbacks over vetoes from Hungary and Poland over the newly proposed rule-of-law mechanism. With compromise on the mechanism reached, vital funds can now begin to be released to help fuel the EU’s  economic recovery in the wake of the COVID-19 pandemic and resulting economic crisis. Keep reading.


EU agrees new regime to sanction human rights abusers

On Monday, in what the EU’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, called a “landmark agreement,” EU Foreign Affairs Ministers adopted a Regulation establishing a global human rights sanctioning framework for the EU. The European Union Global Human Rights Sanctioning Regime enables the EU to tackle serious human rights violations and abuses by targeting state and non-state actors with asset freezes and travel bans, regardless of where those breaches take place. Keep reading.

 

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