Finance & Trade
EU Takes UK to Court over Benefits for Migrants
June 5, 2013
The European Commission is taking the UK to the European Court of Justice over the country's withholding of welfare and social security benefits from EU migrants.UK Seeking "Red Card" to Block EU Laws
June 5, 2013
UK Foreign Secretary William Hague announced that his government will be seeking a "red card" that would allow the UK Parliament to block unwanted laws passed in Brussels.Business Leader Calls for EU Reform
June 5, 2013
Lord Kalms, president of Dixons plc and signatory to the Business for Britain group, writes that the EU is causing more controversy than it resolves and should return to its roots as nothing more than a trading bloc.Open Europe: EU Fails to Properly Respond to FTT Concerns
June 4, 2013
Open Europe argues that the European Commission's response to UK concerns that the proposed EU financial transaction tax ("FTT") will harm the economy fails to address the real issues at stake with the measure.Phelps Cautions Countries on EU Membership
May 29, 2013
As Nobel Laureate Edmund Phelps questioned the utility of becoming a member of the EU during the bloc's current fiscal crisis, Iceland's new government has decided to drop its EU bid.Draghi Seeks "More European" UK
May 29, 2013
President of the European Central Bank Mario Draghi has called for the UK to strengthen its connection with the EU banking system in order to promote stability, noting that deeper cooperation will require "some transfer of national sovereignty" to Brussels.EU Demands Budget Contribution over UK Objection
May 28, 2013
A bloc of EU member states organized by the UK is not numerous enough to prevent the European Commission from taking extra contributions to resolve an EU budget shortfall this year.Austria Faces EU Pressure to Reveal Banking Information
May 24, 2013
European officials are stepping up calls for Austria to join a plan to automatically share the interest income of foreign account holders in Austrian banks with other countries as the EU cracks down on citizens attempting to avoid tax liability.Euro-zone Economic Weakness Is Longest Since War
May 22, 2013
The Wall Street Journal reports that the euro-zone financial crisis has resulted in the longest economic slump since World War II, with no end in sight for the struggling countries.EU Imposes Olive Oil Restrictions
May 22, 2013
The European Commission will implement a measure in 2014 requiring restaurants to serve olive oil out of pre-sealed, non-refillable containers, as observers complain that the EU is not doing enough to combat the financial crisis.A JOINT PROGRAM OF
