Transatlantic News

Transatlantic News

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Overhaul of EU Sustainability Rules Could Boost Economy $318 Billion

The World Wildlife Federation (WWF) this week published a major report calling on the European Commission to deliver widespread reforms to the region's environmental and climate change policies, arguing that without drastic action, escalating climate and biodiversity risks will wreak havoc across the economy. The report, "From crisis to opportunity: Five steps to sustainable European economies", draws on more than 400 separate studies from the likes of the U.N., the OECD, the World Bank, McKinsey, Lord Stern and the EU...
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The State of the Environment Is Improving!

One of the things the EU does best is coordinating policies that do not respect national boundaries. A report released March 3 by the EU’s European Environment Agency says that over the past five years, EU citizens have benefited from cleaner air and water, sent less waste to landfills, and recycled more, thanks to a coordinated EU environment policy. However, the report warns that the EU still faces risks of environmental deterioration in the next five years and beyond that...
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EU Finance Ministers agree Regulation for Commission’s Investment Plan fund

At today's ECOFIN Council, EU Finance Ministers agreed on the Regulation to set up the European Fund for Strategic Investments (EFSI), which will be at the heart of the Commission's €315 billion Investment Plan for Europe. The decision clears a major hurdle on the path to matching ample liquidity reserves with potential investment projects. European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, welcomed the news: "I congratulate the Latvian Presidency for their speedy and skilful steering...
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EU MEPs put an end to opaque card payment fees

The fees that banks charge retailers to process shoppers’ payments will be capped, under uniform EU-wide rules, further to a vote in Parliament on Tuesday. The cap, which will apply to both cross-border and domestic card-based payments, should result in lower costs for card users. "This legislation, combined with the upcoming Payment Services Directive, will establish a level playing field for payments across Europe. It should enhance fee transparency, stimulate competition and enable both retailers and users to choose...
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2015 Trade Policy Agenda, Office of The US Trade Representative

"The Obama Administration's trade policy is firmly anchored in Middle Class economics. We are seeking to grow our economy, support good-paying jobs, and strengthen the middle class. The Obama Administration is working to set a new standard, insisting that our values undergird our trade policy today and in the future, promoting strong labor and environmental standards that protect our workers, oceans, and forests." In a report released this week, USTR emphasizes that President Obama's trade policy seeks to promote economic growth,...
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The Euro Area – Where Do We Stand?

Speech given by Dr. Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank | Money Marketeers in New York | Wednesday, 4 March 2015 Ladies and gentlemen, Thank you for inviting me to speak at a Money Marketeers event today. I would like to give you a brief overview of the current situation in Germany and the euro area. I am particularly looking forward to discussing these issues with you and hearing your perspective. Mutual exchange is essential in a globalised world where...
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Trade Pacts Will Strengthen Our National Security

The disturbing news from the Pacific is that China continues to beef up construction in disputed territory and spread its brand of “state capitalism.” At the same time, our allies question whether the United States is truly committed to being a world leader. In Europe, Russia continues its belligerence, and Europe is unable to respond effectively because of its dependence on Russian energy. These are just two examples of why we need to strengthen our trade agenda. We need to...
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How is the European Union progressing towards its Europe 2020 targets?

European Commission - EUROSTAT | 02 March 2015 The Europe 2020 strategy, adopted by the European Council in June 2010, aims at establishing a smart, sustainable and inclusive economy with high levels of employment, productivity and social cohesion. The key objectives of the strategy are expressed in the form of five ambitious targets in the areas of employment, research & development (R&D), climate change & energy, education and poverty reduction, to be reached by 2020. These have been translated into national...

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