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Transatlantic News
Transatlantic News
01
Aug
Over the next years, 90% of world demand will be generated outside the EU. That is why it is a key priority for the EU to open up more market opportunities for European business by negotiating new Free Trade Agreements with key countries. If we were to complete all our current free trade talks tomorrow, we would add 2.2% to the EU’s GDP or €275 billion. This is equivalent of adding a country as big as Austria or Denmark...
31
Jul
Resiliency Project First Recommended in “A Stronger, More Resilient New York” – Would Also Boost Economic Development
Rendering of Seaport City Concept Available on: https://www.flickr.com/photos/nycmayorsoffice/
Mayor Michael R. Bloomberg today announced a request for proposals (RFP) to study the potential development of ‘Seaport City,’ a resiliency project that will protect Lower Manhattan from coastal flooding and provide opportunities for economic development. Seaport City was first proposed by Mayor Bloomberg as part of “A Stronger, More Resilient New York” – the ambitious...
30
Jul
While defense policy and decisions on military capabilities are matters for national governments in the European Union, the EU still plays a significant role in the defense and security sector through the development of civilian and military capabilities for conflict prevention and crisis management.
In July 2013, the EU launched a new action plan to take advantage of European level efficiencies and capacity to promote a more effective and cohesive European defense and security sector.
“In times of scarce resources, cooperation...
30
Jul
The European Commission President Jose Manuel Barroso and the European Council President Herman Van Rompuy have sent a joint letter to the EU heads of state and government on the key discussion points at the G20 Summit in St.Petersburg on September 5-6, 2013.
The letter says that the EU intends to work together with its G20 partners and focus on such priorities as stimulating economic growth and employment, implementing financial regulatory reform, curbing tax avoidance and evasion, reforming the international...
29
Jul
The first of the twin centres designed to promote common standards in electric mobility and smart grids on both sides of the Atlantic was today inaugurated near Chicago. Converging standards and interoperability between smart grids and electric vehicles will allow for deeper penetration of renewable energies in the electricity systems, thus facilitating the way to a low-carbon economy. Technology harmonisation will drive product and service innovation in the two world’s largest economies and could prove instrumental in establishing global...
23
Jul
“As I will tell the G20 Finance Ministers and Central Bank Governors in Moscow today, the EU economy is slowly emerging from the recession. We enter the second half of 2013 against a backdrop of stabilizing economic activity and improving confidence, with short-term indicators now consistently confirming a gradual move into positive territory. This points to a resumption of growth in the second half of the year.
We also expect modest employment growth in 2014. However, unemployment remains at unacceptably...
20
Jul
By Sir Evelyn de Rothschild
The single most important commodity traded in the City of London is confidence. The public, bankers and the markets need to believe that the UK will continue to be a global financial centre. They must have trust in the quality, ethics and skills of its bankers. And they must believe in the wisdom and careful regulation of its government.
Without confidence, it will be impossible to achieve the “twin challenges of engineering a recovery and reforming...
19
Jul
July 2013
Economic, monetary and financial situation
Agreement on the operating procedures for an exchange rate mechanism in Stage Three of Economic and Monetary Union
On 21 June 2013 the European Central Bank and the national central banks of the Member States whose currency is not the euro signed an agreement amending the Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange...
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