Transatlantic News

Transatlantic News

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German Central Bank Official: ‘Britain Must Be Aware of its Importance in the EU’

From DER SPIEGEL, 01/02/2012 The world continues to demand that Europe find a solution for its ongoing debt crisis. But in an interview with SPIEGEL, senior Bundesbank official Andreas Dombret says that American investors are being too impatient. He also demands that the UK do its part and reiterates his bank's position that the ECB should not become a lender of last resort. SPIEGEL: Mr. Dombret, you were born in the US. Do you understand why the Americans no longer appear to...
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On Wall Street, Renewed Optimism for Deal-Making

The New York Times, By EVELYN M. RUSLI Before Europe’s debt crisis flared anew last summer, rattling markets and choking off a revival in mergers and acquisitions, huge corporate cash piles and cheap debt had fostered hopes that deal-making would recover strongly last year. In the first half of 2011, the dollar volume of announced mergers worldwide neared its highest levels since the financial crisis. But that momentum proved fragile as deal volume tumbled 19 percent, to about $1.1 trillion, in...
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EU Ambassador’s New Years Message

In his New Years Message, Ambassador João Vale de Almeida, Head of the European Union Delegation to the United States, notes that 2011 has been a difficult year as Europe and the United States continue to struggle with the fall-out from the financial crisis. "It has been a challenge to tackle the problem, but I am happy to note that we have now put in place far-reaching and unprecedented reforms that will be a game-changer for us," he says. "I'm...
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Safety First for Children’s Toys in EU

European Commission 21/12/2011 As children unwrap the longed-for teddy bear, tricycle or lightsaber this Christmas, their parents can rest assured that toys bought in the EU are the safest in the world. Every toy sold in the EU has undergone a number of checks to ensure that it is safe for children to play with. Before placing a new toy on the market, manufacturers must identify potential dangers via a safety assessment. They must also ensure that each toy can be traced...
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Steps towards Building a Stronger Economic Union

European Parliament 14/12/2011 Agreement by most EU governments on further economic integration should be complemented by moves to restore growth and create jobs, says Barroso. Speaking to the European Parliament about decisions made on 8-9 December by EU leaders, Commission President Jose Manuel Barroso stated that the decision by 26 out of 27 governments on a new intergovernmental treaty setting tighter budget rules showed their readiness to move ahead with further European integration. The treaty would require governments to keep their general...
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Commission adopts Quality Framework for Services of General Interest in the EU

Brussels, 20 December 2011 - The European Commission has today adopted a Quality Framework for Services of General Interest (SGI) in the EU. They provide an essential safety net for citizens in areas such as health care, care for the elderly, child care, assistance to disabled persons and social housing. They also have a key role to play in the knowledge economy in the area of schools, training centres and university. At a time when public authorities are confronted...
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RESIST anti-corruption tool launched

Paris, 12 December 2011 ICC has launched a German version of the training toolkit Resisting Extortion and Solicitation in International Transactions (RESIST), which provides practical guidance for company employees on how to prevent or respond to inappropriate demands. The German version of the toolkit was launched on 9 December by ICC Germany, the German Global Compact Network and Transparency International Germany on the occasion of World Anti-Corruption day.RESIST is aimed at companies operating internationally and exposed to solicitation risks. The training tool...

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