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Transatlantic News
Transatlantic News
06
Mar
The Council's Permanent Representatives Committee today granted the Romanian presidency a mandate to negotiate with the European Parliament on a temporary extension of the validity of certain authorisations, certificates and licences to ensure continuity of train services between the EU (France and Ireland) and the United Kingdom without disruption in the event that the UK leaves the EU without a negotiated agreement. The aim of this extension is to allow bilateral agreements between an EU member state and the...
06
Mar
By Rosa Balfour, Nicolas Bouchet, and Joerg Forbrig
The European Union and the United States devote considerable funds and programs to supporting civil society in Eastern Europe and the Western Balkans – support that is being confronted with old and new challenges. Closing civic space is now entrenched in many countries and the means to undermine civic actors has become more sophisticated. The sustainability of civil society organizations (CSOs) remains a challenge. This requires the EU and the United States to work with...
06
Mar
● Bank of England will offer to lend euro to UK banks on a weekly basis
● Bank of England to obtain euro from the ECB in exchange for pound sterling
● Eurosystem would stand ready to lend pound sterling to euro area banks, if a need arises
The European Central Bank (ECB) and the Bank of England have decided to activate a standing swap line through which the Bank of England will offer to lend euro to UK banks on a weekly...
06
Mar
By Emmanuel Macron, President of the French Republic
Citizens of Europe,
If I am taking the liberty of addressing you directly, it is not only in the name of the history and values that unite us. It is because time is of the essence. In a few weeks’ time, the European elections will be decisive for the future of our continent.
Never, since the Second World War, has Europe been as essential. Yet never has Europe been in so much danger.
Brexit stands as...
05
Mar
The European Insurance and Occupational Pensions Authority (EIOPA) and all National Competent Authorities (NCAs) of the European Economic Area (EEA) with competencies in insurance have agreed Memoranda of Understanding (MoUs) with the Bank of England in its capacity as the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) of the United Kingdom (UK).
The MoUs take effect should the UK leave the European Union (EU) without a withdrawal agreement, the so-called "No-deal" Brexit scenario.
The following MoUs were agreed:
A...
01
Mar
A special welcome to EU Ambassador-Designate Stavros Lambrinidis, who begins his posting in Washington today. He most recently served as the EU Special Representative for Human Rights.
Stavros Lambrinidis is the Ambassador-Designate of the European Union to the United States, as of March 1, 2019.
From 2012 to February 2019, he served as the European Union Special Representative for Human Rights.
In 2011, he was Foreign Affairs Minister of Greece.
Between 2004 and 2011, he was elected Member of the European Parliament (MEP)...
28
Feb
EU financial markets are increasingly nervous, reflected in rising volatility, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 1.2019).
Uncertainty related to Brexit, amid weakening growth prospects, global trade tensions, and reduced global monetary policy stimulus have contributed to market risk remaining very high.
The fourth quarter of 2018 saw increasing volatility on equity and sovereign bond markets, a decrease in equity prices, continued repricing on corporate and sovereign bond...
27
Feb
Produced by the Cabinet Office, HM Government
26 February 2019
Summary
The Government’s primary aim is to ensure that the UK leaves the EU on 29 March with a negotiated deal which will honour the result of the referendum. However, as a responsible government, it continues to plan for all eventualities, including one in which the UK leaves the EU without a deal. Guidance for businesses and citizens on how to prepare for a no deal scenario can be found on the Government’s Exit guidance website, www.gov.uk/EUExit.
Over...
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