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Transatlantic News
Transatlantic News
19
Dec
By Gijsbert Bulk
Global trade was transformed in 2016 as the British electorate voted to leave the EU and Donald Trump became the 45th president of the US.
The political and economic uncertainty these two events have generated is greater than that seen during the global financial crash of 2008-09, according to the Global Economic Policy Index, which tracks news and policy sites to measure certainty. Countries are competing against one another in a series of increasingly unpleasant trade wars. According...
19
Dec
Chair,
At the last Trade Policy Review of the United States two years ago, a month before President Trump was sworn into office, I ended the EU statement with the hope that the protectionist rhetoric would end once the President-elect had taken office. Today, unfortunately, rhetoric has turned into reality and the repercussions of tariffs and other restrictions are being felt at the heart of this organisation, and more generally in global growth prospects.
The US has shaped the global...
19
Dec
The United Kingdom will leave the European Union in 100 days' time.
Given the continued uncertainty in the UK surrounding the ratification of the Withdrawal Agreement, as agreed between the EU and the UK on 25 November 2018 – and last week's call by the European Council (Article 50) to intensify preparedness work at all levels and for all outcomes – the European Commission has today started implementing its “no deal” Contingency Action Plan. This delivers on the Commission's commitment to adopt...
18
Dec
Remarks by President Donald Tusk after the European Council meeting on 14 December 2018
Main results
The European Council on 13-14 December 2018 focused on the EU's long-term budget, external relations, migration and the single market. EU27 leaders also discussed Brexit on Thursday and the euro area on Friday.
European Council conclusions, 13-14/12/2018
European Council (Art. 50) conclusions, 13/12/2018
Remarks by President Donald Tusk after the European Council and Eurosummit meetings, 14/12/2018
At the start of the meeting, Chancellor Sebastian Kurz, representing the...
14
Dec
MEPs call for EU resources that match ambitions on research, environment, transport, energy, telecom, defence, space and digitalisation under the 2021-2027 EU budget.
Following Parliament’s adoption of its position on the EU’s long-term budget (2021-2027 multiannual financial framework - MFF), MEPs are this week setting out their position on the scope and the priorities for investing in areas which are crucial for future growth.
Financing Horizon Europe research programme
The proposal for the 2021-2027 Horizon Europe rules for participation and dissemination was...
13
Dec
Member States and Commission to work together to boost artificial intelligence “made in Europe”
Delivering on its strategy on artificial intelligence adopted in April 2018 today the Commission presented a coordinated plan prepared with Member States to foster the development and use of artificial intelligence in Europe.
This plan proposes joint actions for closer and more efficient cooperation between Member States, Norway, Switzerland and the Commission in four key areas: increasing investment, making more data available, fostering talent and ensuring trust....
07
Dec
The European Parliament and the Council of the European Union reached a provisional political agreement on the banking package, a comprehensive set of reforms that the Commission proposed to further strengthen the resilience and the resolvability of EU banks.
The Commission welcomes the provisional political agreement, which marks an important milestone in reducing risk in the Union banking sector and reinforcing the resilience of banks. Together with the encouraging data on risk reduction presented by the Commission last week, this prepares the...
07
Dec
ESMA is today launching the process to renew the Consultative Working Group (CWG) of the Financial Innovation Standing Committee (FISC). ESMA is calling for expressions of interest from stakeholders to become a member of the CWG by 15 January 2019.
ESMA has established the CWG to benefit from the expertise of stakeholders who are involved in the topics related to financial innovation under ESMA’s remit (securities markets, market infrastructures, institutional and retail investors) and with a view to support ESMA’s...
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