Transatlantic News

Transatlantic News

Chapter News

Commissioner Rehn on Economic Outlook and Governance in the Euro Area

EU Economic and Monetary Affairs Commissioner Olli Rehn in his address to the European Parliament today stressed "The best way to foster growth at the current juncture is to vigorously implement structural reforms, including the Single Market, which will enhance the medium to long-run growth potential, but will also have positive short-run confidence effects. And to address remaining risks to financial stability, it will be essential to swiftly implement the 21 July euro area summit decisions and adopt the pending...
Chapter News, Member News

Dodd-Frank Regulators Beware: New Rules Will Not Survive Without Sound Economic Justification

Jane C. Luxton | luxtonj@pepperlaw.com In late July, the Court of Appeals for the District of Columbia (D.C. Circuit) handed the Securities and Exchange Commission (SEC) a scathing rebuke, after reviewing the agency's first Dodd-Frank Act (DFA) regulation, a rule that would have required publicly traded companies to include in proxy materials potentially voluminous information on director candidates nominated by shareholders rather than by the board of directors. The opinion in Business Roundtable v. SEC sent a strong message that...
Chapter News

European Council President Van Rompuy Welcomes the Decisions Taken to Strengthen Fiscal Discipline and Growth

"I welcome the decisions taken over the weekend in Europe both at national level, in Italy and Spain to strengthen fiscal discipline and growth, and by the ECB regarding the active implementation of its Securities Markets Program. These decisions will contribute to financial stability in the euro area. I also welcome the close cooperation at the global level of the G7 and the G20 to deal with the current challenges both the euro area and the USA are facing." Read...
Chapter News, News

EU Releases 7 Billion Euros for Research and Innovation

The European Commission has launched a 7 billion euro research and development fund aimed at tackling the biggest societal challenges facing Europe and the world. Universities, research organizations and industry will be among more than 16,000 funding recipients with special attention given to small and medium-sized enterprises. The funds will be released under the EU's 7th Framework Program for Research. It is expected to generate 174,000 jobs in the short term and nearly 450,000 in the long term. Read more;...
Chapter News, News

Commissioner Rehn Discusses EU’s Economic Governance Reform

Speaking today at the Council on Foreign Relations in New York City, EU Economic and Monetary Affairs Commissioner Olli Rehn said: "In Europe we have been forced to take unprecedented and, I dare say, decisive action to contain the crisis and protect the ongoing recovery. It has been a comprehensive policy response combining both short-term firefighting measures and long-term construction of new architecture." Commissioner Rehn explained that the EU is undertaking a fundamental reform of its economic governance and noted...