Transatlantic News

Transatlantic News

Brexit News, Chapter News

Press statement by Michel Barnier following this week’s round of negotiations

By Michel Barnier | European Chief Negotiator for the United Kingdom Exiting the European Union Brussels, 8 June 2018 Ladies and gentlemen, I am very happy to be here to debrief you on the round of negotiations which has just ended, less than three weeks from the European Council. I would like to frankly present to you today, as I usually do, the three points of this negotiation: The separation issues; The major question of Ireland and Northern Ireland, in light of the UK paper...
Chapter News

EU budget: Boosting cooperation between tax and customs authorities for a safer and more prosperous EU

For the next long-term EU budget 2021-2027, the Commission is proposing measures to make tax and customs cooperation between Member States better and more efficient. Continued funding of these programmes will help the EU to progress inoffering businesses unfettered and easy access to the EU's Single Market so that trade can flourish, protect citizens from dangerous goods entering the Union at our external borders and ensure that Member States are equipped to fight tax avoidance and tax evasion. Pierre Moscovici, Commissioner for...
Chapter News

IMF Executive Board Concludes 2018 Article IV Consultation with Kingdom of the Netherlands – Netherlands

On May 23, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Netherlands.  The Netherland’s economic recovery has taken hold. Real growth is forecast to reach 3.1 percent in 2018 owing to robust domestic demand. Private consumption has been supported by rising disposable income and positive wealth effects from increasing house prices. Net exports have proven resilient to global uncertainties, pushing up the already large current account surplus. Unemployment has continued to decline rapidly,...
Chapter News, Financing for Development/UN SDG's, New York Related News

Governor Cuomo Announces New U.S. Climate Alliance Initiatives to Mark One-Year Anniversary of President Trump’s Decision to Withdraw from the Global Paris Climate Accord

U.S. Climate Alliance Initiatives Draw on New York State's Leadership in Combatting Climate Change, Renewable Energy, Reforming the Energy Vision Initiative, and Nation's Largest Green Bank New Commitments Include Reducing 'Super Pollutants,' Expanding Clean Energy Financing, Storing Carbon in Landscapes, and Softening the Negative Impact of Federal Solar Tariffs U.S. Climate Alliance States Remain on Track to Meet Their Share of U.S. Paris Agreement Target for at Least 25% Emissions Reductions by 2025 Governor Andrew M. Cuomo today marked the one-year anniversary...
Chapter News

EU Budget: A Reform Support Programme and an Investment Stabilisation Function to strengthen Europe’s Economic and Monetary Union

For the next long-term EU budget 2021-2027, the Commission proposes to create a Reform Support Programme and a European Investment Stabilisation Function. Both proposals are part of the broader agenda to deepen Europe's Economic and Monetary Union and make use of the EU budget to strengthen the performance and resilience of our interdependent economies. The proposals combine the key principles of solidarity and responsibility at all levels and deliver on the commitments made by President Juncker in his 2017 State of the...
Chapter News, Trade & TTIP Related

European Commission reacts to the US restrictions on steel and aluminium affecting the EU

The US announced that starting on 1 June 2018 it will impose additional duties of 25 % and 10 % respectively on imports of steel and aluminium from the EU. President of the European Commission, Jean-Claude Juncker said: "I am concerned by this decision. The EU believes these unilateral US tariffs are unjustified and at odds with World Trade Organisation rules. This is protectionism, pure and simple. Over the past months we have continuously engaged with the US at all possible levels to...
Chapter News

Long-term EU Budget

Mobilising EU budget in support of stability, convergence and cohesion in the euro area and the EU as a whole For the next long-term EU budget 2021-2027, the Commission proposed today to create a Reform Support Programme and a European Investment Stabilisation Function. Both proposals are part of the broader agenda to deepen Europe's Economic and Monetary Union and make use of the EU budget to strengthen the performance and resilience of our interdependent economies. The proposals combine the key principles of...
Chapter News

Financial Union: Commission launches risk reduction proposal to enable sovereign bond-backed securities

The Commission is today proposing new rules that will allow market-led solutions to support further integration and diversification within Europe's financial sector, leading to a stronger and more resilient Economic and Monetary Union. Today's proposal will remove unwarranted regulatory obstacles to the market-led development of sovereign bond-backed securities (SBBS). These securities would be issued by private institutions as claims on a portfolio of euro-area government bonds. SBBS would, by design, not involve mutualisation of risks and losses among euro area...