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Transatlantic News
Transatlantic News
10
Sep
by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of
Banker to the World: Lessons from the Front Lines of Global Finance
Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, which holds elections on Sunday, are the opening salvos in a new period of mounting risks and uncertainties.
The tensions and challenges in developing economies that will...
07
Sep
New York City has reached historic levels of jobs and economic activity, thanks to its status as a global center of finance, commerce and innovation. In an era of rapid globalization, New York’s success would not be possible without the contributions of more than 5,000 foreign companies that have their U.S. headquarters and significant business operations in the city.
Foreign companies currently employ 298,000 New Yorkers and contribute 11 percent of the city’s total $761 billion annual economic output. Foreign...
05
Sep
Speech by Luis de Guindos, Vice-President of the ECB, at La Granda courses, Asturias, 31 August 2018
It is a pleasure to be here at La Granda courses in Asturias. In my remarks today, I would like to review the economic developments in the euro area, explain our recent monetary policy decisions and reflect on the necessary reforms of Economic and Monetary Union, or EMU.
Recent economic developments
Economic growth in the euro area remains solid and broad-based, as confirmed by the...
05
Sep
Following the conclusion of the EU-Japan talks on personal data protection in July 2018, the Commission launched today the procedure for the adoption of its adequacy decision.
Commissioner Jourová today briefed the College on the next steps and the Commission is publishing the draft adequacy decision and the related documents. This includes the additional safeguards that Japan will apply to EU personal data transferred to Japan, as well as commitments regarding access to personal data by Japanese public authorities for law enforcement...
04
Sep
The UK Prime Minister, Mrs May, writes today that to have a second Referendum in the UK on Brexit would be “a gross betrayal of democracy”.
If she believes that, she does not understand democracy very well.
She seems to suggest that democrats, having made a decision, should not ever change their minds. In fact, democracy is all about creating mechanisms whereby voters CAN change their minds.
Democracy allows voters to change their minds, usually through parliamentary elections.
Totalitarian or dictatorial regimes, who...
30
Aug
In light of the difficulties faced by European farmers affected by drought this summer, the European Commission continues acting to provide practical support to the sector. Additional flexibility will be granted to help farmers provide sufficient feed to their animals.
The European Commission presented today an additional package of actions aimed at increasing the availability of fodder resources for livestock, one of the main challenges faced by farmers dealing with the impact of drought. This package complements the measures already announced...
27
Aug
EUR 500 million EIB loan will be used to accelerate research and development of 5G tech
Loan backed under European Fund for Strategic Investments, part of successful Juncker Plan
Finnish multinational telecommunications, information technology, software and services company Nokia today signed a EUR 500 million loan transaction with the European Investment Bank (EIB), supported by the European Fund for Strategic Investments (EFSI), a key element of the Investment Plan for Europe, also known as the Juncker Plan. Nokia will use the loan...
20
Aug
Greece has successfully concluded a three year European Stability Mechanism (ESM) stability support programme with its place at the heart of the euro area and European Union secured.
The successful conclusion of the programme is a testament to the efforts of the Greek people, the country's commitment to reform, and the solidarity of its European partners.
European Commission President Jean-Claude Juncker said: "The conclusion of the stability support programme marks an important moment for Greece and Europe. While their European partners have demonstrated...
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