Finance & Trade

OECD Criticizes Governments for Trimming Redistribution Initiatives

March 19, 2014

The Organization for Economic Co-operation and Development ("OECD") has called on governments to avoid a reduction in spending on "the most vulnerable in society" in response to financial crises, praising "the large emerging-market economies" for seeking "to bolster redistribution measures" and reduce inequality.

Cameron Lists Powers to Be Returned from EU

March 19, 2014

U.K. Prime Minister David Cameron has published a list of reforms he will seek from the EU, including increased authority of national governments to block unwanted EU legislation and limitations on free movement and access to benefits, in preparation for a referendum on the bloc planned by his party in 2017.

EU to Pursue British Banks on Bonus Cap "Sidestepping"

March 19, 2014

As U.K. banks announce adjustments to their pay systems to respond to an EU cap on executive bonuses, European Commissioner for Internal Market and Services Michel Barnier has announced that any such "sidestepping" of the rule would be subject to investigation by the European Banking Authority.

EU Pursues Standardization of Phone Chargers

March 19, 2014

The European Parliament has approved and sent to the European Commission an initiative to require mobile phone manufacturers to ensure compatibility of their products with a universal charger.

Commission Releases Second EU Justice Scoreboard

March 19, 2014

The European Commission has published the 2014 EU Justice Scoreboard, rating the quality of the national civil and administrative justice systems as it seeks to expand its oversight of justice and rule-of-law issues in EU member states.

German Court Upholds European Stability Mechanism, Awaits Ruling on OMT

March 19, 2014

The German Constitutional Court has ruled that the European Stability Mechanism, which serves as the eurozone's "bailout fund," is compatible with the German Constitution, but awaits a decision from the European Court of Justice on the separate issue of the validity of the European Central Bank's Outright Monetary Transactions program.

U.S. Seeks to Use Ukraine Crisis to Expand IMF Funding Authority

March 12, 2014

National Review Online reports that a fact sheet from the White House uses the crisis in Ukraine to push for a large and unnecessary increase in the U.S. contribution to the International Monetary Fund ("IMF"), authorizing the organization to significantly increase its access to bailout funds.

Kuwait Central Bank Chief Calls for Reform of Sharia Regulatory Structures

March 12, 2014

Kuwait's Central Bank Governor called for broader changes in the regulatory arrangements, especially concerning establishment of independent audit agencies, for sharia-compliant financial instruments and practices, following the trend of sharia finance industry leaders such as Bahrain and Malaysia.

Conference Participants: Global Governance "Inherently" a Public Good

March 12, 2014

A conference organized by the Bretton Woods Project, the German Development Institute, and Friedrich-Ebert-Stiftung focused in part on "overcoming" the dichotomy of national sovereignty versus the pursuit of global economic governance in order to achieve the "global public good" of multilateral action.

Soros Blames Germany for Potential EU Dissolution

March 12, 2014

Billionaire investor George Soros has written that Germany's "self-righteous" economic policy is to blame for the current strife among countries in the EU and that it may cause the Union to "dissolve in a[c]rimony."

Total Records: 501


« previous 10 next 10 »