Finance & Trade

  • EIB Predicts 35-Year Delay in UK Refund

    November 30, 2017

    The BBC reports that Vice-President of the European Investment Bank (EIB) Alexander Stubb has stated that, despite Britain's expected departure from the EU 35 years before then, the EIB will not fully repay the UK government its billions of euros of investments in the bank until the year 2054.

  • EC Seeks Completed Banking Union in 2018

    November 20, 2017

    EUobserver reports that the European Commission (EC) is seeking to use a recent push for legislation on EU banking rules to complete the EU's planned Banking Union, first proposed in 2012, by the end of the year 2018, as it seeks to eliminate financial ties between banks and the governments of their countries.

  • EC Proposes Weakened Rules on Bad Loans

    November 20, 2017

    Reuters reports that the European Commission (EC) has weakened proposals pushing shared responsibility for bad loans across EU member states, seeing to placate Germany by requiring the member state in which the loans are located to take responsibility before authorizing EU involvement.

  • EC Ramps up Investments in Climate Agenda

    November 08, 2017

    The European Commission (EC) has approved an investment package of €222 million as part of the EU's LIFE program providing support to a range of environmental, nature, and climate initiatives to accelerate the transition to renewable and "sustainable" energy sources across the bloc.

  • EC Proposes Further Centralization of Finance Supervision

    October 19, 2017

    In its move toward a full-fledged Capital Markets Union, the European Commission (EC) has proposed a reform of the EU's financial regulation that will result in more centralized supervisory power in supranational banking authorities and the promotion of "sustainable finance" to further the social and environmental goals of the UN.

  • European Commission Proposes Further Financial Integration

    September 21, 2017

    The European Commission has formally proposed several measures to further integrate banking and capital markets throughout the EU by granting new powers to supranational financial regulators, including the ability to expand funding by directly taxing regulated companies.

  • EU Body Seeks Bank Subsidiary Requirements

    September 15, 2017

    Reuters reports that, in response to similar legislation in the US, the European Commission has produced a discussion paper pushing for regulations requiring that foreign banks doing business in the EU set up subsidiary structures within the bloc permitting EU institutions to scrutinize their activities.

  • Merkel Offers Limited Support for EU Finance Integration

    August 30, 2017

    In a press conference in the lead-up to the country's general election in September, German Chancellor Angela Merkel reiterated her support for expanded powers of an EU bailout fund and for the establishment of a eurozone finance minister but stated that she would only agree to a "small budget" for such EU finance centralization.

  • Paper: Brexit Allows for EU "Capital Markets Union" Push

    August 23, 2017

    A paper from the Centre for International Governance Innovation asserts that Britain's exit from the EU offers a chance for the bloc to push "ambitious" reforms toward centralizing EU financial policy in a single Capital Markets Union within all of the remaining 27 member states of the bloc.

  • Australia Seeks Equal Immigration Treatment in UK

    August 23, 2017

    The International Business Times reports that, in early discussions regarding a potential post-Brexit trade deal between the two countries, the Australian government has called on the UK to ease immigration restrictions for citizens of Commonwealth countries in line with those on EU citizens in exchange for a free trade deal.

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