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Transatlantic News
Transatlantic News
26
Jan
Governor Christopher J. Waller at the C. Peter McColough Series on International Economics, Council on Foreign Relations, New York, New York |
Thank you, Ben, and thank you to the Council on Foreign Relations (CFR) for inviting me to be part of this discussion. It has been close to a year since the Federal Open Market Committee (FOMC) began tightening monetary policy. We began raising interest rates in March 2022 and shrinking our securities holdings in June in order to...
25
Jan
Fragmentation could make it even more difficult to help many vulnerable emerging and developing economies that have been hard hit by multiple shocks
As policymakers and business leaders gather at the World Economic Forum in Davos, they are facing a Gordian knot of challenges .
From the global economic slowdown and climate change to the cost-of-living crisis and high debt levels: there is no easy way to cut through it. Added to this are geopolitical tensions that have made it even...
24
Jan
Today, the Commission is presenting 'A New Deal for Pollinators' to tackle the alarming decline in wild pollinating insects in Europe, revising the 2018 EU Pollinators Initiative. Citizens have been increasingly calling for decisive action against pollinator loss, also through the recent successful European Citizens' Initiative ‘Save Bees and Farmers'. The renewed initiative sets out actions to be taken by the EU and the Member States to reverse the decline of pollinators by 2030 as today, one in three...
23
Jan
On January 19, the European Commission, EU Member States, and 26 partners countries will launch “The Coalition of Trade Ministers on Climate”, the first Ministerial-level global forum dedicated to trade and climate and sustainable development issues. The Coalition will foster global action to promote trade policies that can help address climate change through local and global initiatives.
The Coalition aims to build partnerships between trade and climate communities to identify the ways in which trade policy can contribute to addressing...
23
Jan
Introductory statement by Fabio Panetta, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament | Brussels, 23 January 2023 |
Our investigation into a digital euro started more than a year ago.
Closely involving the European Parliament in the investigation phase has been a priority for the ECB from day one.
Over the course of 2022, we regularly discussed key design options in this Committee. Your views provided valuable input to...
20
Jan
Europe's got talent. But talent needs to be nurtured, especially as the EU is going through important demographic transition. This is even more needed in regions that suffer from a shrinking labour force and a low share of persons with a tertiary education, and in regions hit by the departure of young people.
If left unaddressed, this transition will trigger new and growing territorial disparities as regions age and fall behind in number and skills of their workforce. It can...
19
Jan
Revenue gains from the implementation of a historic agreement to reform the international tax system will be higher than previously expected, according to new OECD analysis released today.
The two-pillar solution to address the tax challenges arising from the digitalisation and globalisation of the economy will lead to additional taxing rights for market jurisdictions and put a floor on tax competition through the creation of a global 15% minimum effective corporate income tax rate.
The proposed global minimum tax is now...
18
Jan
Stronger financial regulation and supervision, and developing global standards, can help address many concerns about crypto assets
The already volatile world of crypto has been upended anew by the collapse of one its largest platforms, which highlighted risks from crypto assets that lack basic protections.
The losses punctuated an already perilous period for crypto, which has lost trillions of dollars in market value. Bitcoin, the largest, is down by almost two-thirds from its peak in late 2021, and about three-quarters of...
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