Transatlantic News

Transatlantic News

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Luxembourg Government: « European financial markets need strong international financial sectors »

Luxembourg is convinced of the importance of the smooth and unhampered functioning of the single market, including for financial services, as well as of the necessity of sound public finances in order to foster prosperity and stability of the euro area as a whole. Luxembourg will therefore not adhere to policies that intend to renationalize elements of the single market, nor introduce criteria that are contrary to the spirit of the Treaties and detrimental to our economies. The spirit is...
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Ever Wonder Where the Easter Bunny Comes From?

With Easter fast approaching, Easter bunnies, those secular symbols of the holiday, are showing up everywhere to charm children and adults. Did you know the Easter Bunny originated in Europe? The Easter Bunny & the Tale of the Eggs From the name to the bunny, it's all German. The name Easter was first appropriated by the Christian calendar. First it was the pagan festival Ostara, celebrated on the vernal equinox, around March 21 in the Northern hemisphere. Ostara was named for...
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EU SANCTIONS: Everything You need to Know About this Policy Tool

Sanctions are a potent element in the EU's foreign and security policy toolbox and can help influence states, entities, or individuals that defy international laws and norms to modify their behavior. The EU implements all sanctions imposed by the United Nations. FACTSHEET: EU restrictive measures Sanctions are one of the EU’s tools to promote the objectives of the Common Foreign and Security Policy (CFSP): peace, democracy and the respect for the rule of law, human rights and international law. They are...
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Speaking of the Euro…

EU Member States continue to line up to join the euro area, despite the economic crisis. Latvia aims to join in January 2014, and Lithuania is also preparing to adopt the euro. For an EU Member State to become part of the euro area, it must meet five economic convergence criteria, known as the Maastricht criteria. These targets deal with price stability, sound and sustainable public finances, exchange rate stability, and long-term interest rates that remain in close proximity with...
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European Commission Proposes Negotiation Mandate for EU-U.S. Trade Talks

Today, the European Commission recommended to the Council to authorize the launch of negotiations on a Transatlantic Trade and Investment Partnership between the European Union and the United States. "I am very pleased that just one month after the announcement by the EU and the U.S. to go for this 'game-changing' trade deal, the European Commission is ready with a proposed mandate for the future negotiations," said EU Trade Commissioner Karel De Gucht. "We can now roll up our sleeves up...
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Economic Literacy Thrives With Euro Challenge Participants

For the eighth consecutive year, teams of high school students around the U.S. are competing with peers at regional and national levels, responding to questions about the European economy and the euro. Today marks the start of the 2013 preliminary rounds of the Euro Challenge, one of the EU Delegation's flagship education programs. What is the Euro Challenge? The Euro Challenge is an exciting educational opportunity for high school students to learn about the European Union (EU) and the euro. Student...
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EU Trade Commissioner: Transatlantic Trade Agreement to Provide Economic Stimulus

Speaking at a conference on Europe at Harvard March 2, European Union Trade Commissioner Karel De Gucht stressed that fostering transatlantic trade would be the best way to provide economic stimulus. "This is the cheapest stimulus package you can imagine," he said. Noting that "On both sides, we are still suffering the effects of the earthquake that hit our economies in 2008," Commissioner De Gucht agreed that trade is an indispensable ingredient of prosperity as he made the case for...
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In Final State Of City Address, Mayor Bloomberg Outlines The City’s Unfinished Business

IN FINAL STATE OF CITY ADDRESS, MAYOR BLOOMBERG OUTLINES THE CITY’S UNFINISHED BUSINESS Details New Initiatives to Continue the City’s Economic, Educational and Environmental Gains High-Resolution Renderings of Major Priority Projects are Available at www.flickr.com/nycmayorsoffice Full Text of the Mayor’s State of the City Address is Available at www.nyc.gov Mayor Michael R. Bloomberg delivered his 12th and final State of the City address today at Barclays Center in Brooklyn, detailing his agenda for the year and the unfinished business the Administration intends to...

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