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Transatlantic News
Transatlantic News
04
Apr
Virtually everything about Brexit is surrounded by uncertainty, but one thing has become clear – how costly it is going to be to leave the single market. Our common market is an out-and-out success. It has raised economic output, increased the choice of goods and services, and at the same time lowered prices for consumers. But we can make it work better. With respect to capital markets, we still forego the benefits of further integration. While geographical diversification is...
04
Apr
Speech by European Commission Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen, 4 April 2019
Ladies and Gentlemen,
As you all know, we have repeatedly stated that the Commission regrets the decision of UK to leave the European Union.
Following the latest developments, a no-deal scenario is highly likely. Let there be no doubt whatsoever: a “no-deal” scenario would be extremely costly and disruptive. The economic consequences would have a significant impact on the UK, and to a lesser extent the EU.
The EU...
04
Apr
The Council and the European Parliament have agreed that, following Brexit, UK citizens coming to the Schengen area for a short stay (90 days in any 180 days) should be granted visa free travel.This agreement was confirmed yesterday by EU ambassadors on behalf of the Council and by the European Parliament Civil Liberties, Justice and Home Affairs committee today. The text now needs to be formally adopted by the European Parliament and the Council.
According to EU rules, visa exemption...
02
Apr
Banque de France Symposium & 34th SUERF Colloquium | On the occasion of the 20th anniversary of the euro | The Euro Area: Staying the Course through Uncertainties | 28 March 2019
Introductory remarks by François Villeroy de Galhau, Governor of the Banque de France
Good afternoon everyone and welcome to Paris. This is not only the 34th SUERF Colloquium but also the 10th Banque de France International Symposium. It is also Marc-Olivier’s last symposium and I would like to warmly...
02
Apr
Brussels, 1 April 2019
Good morning ladies and gentlemen,
You have entitled this breakfast discussion “deal or no deal? The state of play of Brexit”.
Let’s not forget that we already have an agreement!
It was concluded by Theresa May and the European Council on 25 November last year, both on the terms of the withdrawal and on the framework for the future relationship.
The EU put a lot of effort into concluding that agreement.
We have been respectful of the UK’s choices.
We tried to...
02
Apr
The European Union's (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on "Risks and Vulnerabilities in the EU Financial System" published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows. The 2019 Spring ESAs' report highlights the following risks as potential sources of instability:
Uncertainties around the terms of the United Kingdom's withdrawal from the European Union.
Further repricing of risk premia and asset price volatility, which could be...
29
Mar
Statement by the European Commission. March 29, 2019
The Commission regrets the negative vote in the House of Commons today. As per the European Council (Article 50) decision on 22 March, the period provided for in Article 50(3) is extended to 12 April. It will be for the UK to indicate the way forward before that date, for consideration by the European Council.
A “no-deal” scenario on 12 April is now a likely scenario. The EU has been preparing for this...
28
Mar
On Wednesday, Parliament approved a new law banning single-use plastic items such as plates, cutlery, straws and cotton buds sticks.
560 MEPs voted in favour of the agreement with EU ministers, 35 against and 28 abstained.
The following products will be banned in the EU by 2021:
Single-use plastic cutlery (forks, knives, spoons and chopsticks)
Single-use plastic plates
Plastic straws
Cotton bud sticks made of plastic
Plastic balloon sticks
Oxo-degradable plastics and food containers and expanded polystyrene cups
New recycling target and...
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