Transatlantic News

Transatlantic News

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ESMA TRV: Political uncertainty Amid Growth Slowdown Weighs on Market Sentiment

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...
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Implications for Business and Trade of a No Deal Exit on 29 March 2019

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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European Commission – Fact Sheet European Semester 2019: Winter Package explained

Brussels, 27 February 2019 European Semester 2019: Winter Package explained. What does today's package include? Today, the Commission publishes: 28 Country Reports, including in-depth reviews (IDRs) for 13 countries identified in the Alert Mechanism Report of November 2018 A Communication on the main findings of the Country Reports including a new categorisation of countries under the Macroeconomic Imbalances Procedure (MIP) An Opinion on the 2019 Draft Budgetary Plan (DBP) of Slovenia The second Enhanced Surveillance Report for Greece The Annual Work Programme...
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VIDEO: A second Brexit referendum is back on the table. What might be on the ballot?

  Jeremy Corbyn, leader of Britain’s opposition Labour Party, announced today that he was prepared to back a second referendum on Brexit. A People’s Vote would give Britons a chance to state their views with far greater knowledge than they had at the time of the 2016 referendum, but the question of what should be on the ballot would itself be highly divisive. Agreeing on the form a referendum should take would do nothing to calm Brexit tensions. Compliments of The...
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British Foreign Secretary Jeremy Hunt spoke to POLITICO in a brief interview Thursday. Advice to Trump: Take advantage of alliances

By NAHAL TOOSI If British Foreign Secretary Jeremy Hunt could offer some advice to Donald Trump — advice he knew the U.S. president would actually take — he’d tell him to take advantage of international alliances, because “America has a lot of friends all over the world that share American values.” It’s advice that comes as Britain, on the verge of leaving the European Union, hopes to maintain the critical security and economic partnership it has long had with the United...
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A Trump trade war with Europe would hurt the trans-Atlantic relationship

By Guy Verhofstadt Since the end of the World War II, Western nations have shared the belief that international trade was a virtue. While progress has too often been lethargic, in the decades since, the United States and European nations have worked together to reduce barriers to trade. This went hand in hand with a special bond between our two continents -- culturally, militarily, as a broad alliance of free nations. Together, progress has been achieved in the form of the institutions...
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EU Says It’s Ready to Hit Back if US Imposes Car Tariffs

By The Associated Press BUCHAREST, Romania — A European Union official says "there is full support" from member states to hit back if U.S. President Donald Trump imposes tariffs on cars and car parts. EU Trade Commissioner Cecilia Malmstrom said EU trade ministers had discussed the bloc's trading relationship with Washington during an informal meeting Friday in Bucharest. She said there were concerns about "certain aspects of the trade policy being pursued by the current U.S. administration." Trump says the U.S. is mulling tariffs...

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