Transatlantic News

Transatlantic News

Chapter News

EACCNY Country Highlight: The Republic of KOSOVO

EACC New York is inviting European countries, member states and non-member states, to share some fun facts about their country with the EACC network to showcase their home country’s cultural beauty, economic strengths, and their role in transatlantic trade & investment. Today, we present a profile for the REPUBLIC OF KOSOVO. A quick fun fact about your country: Kosovo is the newest and youngest country in Europe, with 70% of its population under the age of 35, and an average age of...
Chapter News

State aid: EU Commission widens scope of General Block Exemption Regulation – frequently asked questions

The European Commission is in charge of ensuring that State aid granted by Member States complies with EU rules. At the heart of this responsibility lies the notification procedure, under which Member States have to notify any planned aid measures to the Commission before putting them into effect. Therefore, generally, aid measures can only be implemented after approval by the Commission. The General Block Exemption Regulation (“GBER”) introduces an important exception to the obligatory notification procedure. It declares specific categories...
Chapter News

IMF | Reaching Net Zero Emissions

Climate action is gaining momentum. Since the 2015 Paris Agreement, countries have intensified climate action and many have committed to reach net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere. However, the carbon budget, or maximum amount of emissions allowable, to limit global warming to well below 2°C is running out quickly. More frequent and intense disasters, a decline in agricultural productivity, and rising sea levels will...
Chapter News

ECB Press Conference | Christine Lagarde, Luis de Guindos: Monetary policy statement

Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB | Frankfurt am Main, 22 July 2021 | Good afternoon, the Vice-President and I welcome you to our press conference. At today’s meeting, the Governing Council focused on two main topics: first, the implications of our strategy review for our forward guidance on the key ECB interest rates; and, second, our assessment of the economy and our pandemic measures. In our recent strategy review, we agreed a symmetric inflation...
Chapter News

Beating financial crime: EU Commission overhauls anti-money laundering and countering the financing of terrorism rules

The European Commission has today presented an ambitious package of legislative proposals to strengthen the EU's anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for the creation of a new EU authority to fight money laundering. This package is part of the Commission's commitment to protect EU citizens and the EU's financial system from money laundering and terrorist financing. The aim of this package is to improve the detection of suspicious transactions and...
Chapter News

Digital sovereignty: EU Commission kick-starts alliances for Semiconductors and industrial cloud technologies

The European Commission kick-starts today two new Industrial Alliances: the Alliance for Processors and Semiconductor technologies, and the European Alliance for Industrial Data, Edge and Cloud. The two new alliances will advance the next generation of microchips and industrial cloud/edge computing technologies and provide the EU with the capabilities needed to strengthen its critical digital infrastructures, products and services. The alliances will bring together businesses, Member State representatives, academia, users, as well as research and technology organisations. Margrethe Vestager, Executive Vice-President for...
Chapter News

IMF | The Resilience of Private Balance Sheets in Europe during COVID-19

One of the positive surprises about last year’s recession is how little damage it inflicted on average household and corporate balance sheets in Europe. In the past, deep recessions were followed by protracted weakness as they left households and businesses with significantly higher debt and lower income and capital. So far this has not been the case with the COVID-19 crisis, largely thanks to the extraordinary policy response by governments and central banks. As the recovery takes hold, however, policy makers...

Other Chapter News