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Observers Warn of "Crisis" in ECJ Bond-Buying Decision
January 21, 2015
The Irish Times reports that some German observers predict a "constitutional crisis" in Germany that could result in the country leaving the euro if the Court of Justice of the EU upholds its Advocate General's opinion that the European Central Bank's bond-buying program, with limitations, is lawful.
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British MP Describes EU Threats to U.K. Finance
January 21, 2015
U.K. Member of Parliament ("MP") Sir Bill Cash writes that EU financial laws and the growth of the eurozone are threatening the future of the British financial industry.
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Bulgaria Seeks to Join Euro
January 16, 2015
Despite the country's poor credit rating, Finance Minister Vladislav Goranov has announced that Bulgaria has begun talks to join the euro currency.
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EU Commission: Luxembourg Tax Deal May Be "State Aid"
January 16, 2015
The European Commission has released a preliminary finding that a tax deal between Luxembourg and Amazon, made while current Commission President Jean-Claude Juncker was the country's Prime Minister, was "state aid" and therefore contrary to EU law.
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ECJ Attorney Finds EU Monetary Program Lawful
January 14, 2015
Advocate General of the Court of Justice of the EU Pedro Cruz Villalon has found, in a nonbinding opinion, that a program under which the European Central Bank buys eurozone government debt is lawful so long as it abides by safeguards intended to prevent direct state aid to EU member states.
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Hollande Calls for Use of FTT to Fight Climate Change
January 14, 2015
French President François Hollande has announced his support of the EU-proposed financial transaction tax ("FTT") and his intention to use all or part of the proceeds to counter global warming.
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Study: EU Legislation Pervades U.K. Financial Regulation
January 14, 2015
Countering arguments that the U.K. would still comply with EU financial legislation if outside the EU, a new study finds that if the U.K. were not an EU member state, it would not have introduced 50% of its financial legislation.
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EU: Joining Euro Is "Irrevocable"
January 07, 2015
In response to reports that Greece may leave the euro currency due to the country's economic problems, a spokesperson for the EU has warned that eurozone rules prohibit the exit of any country from the currency bloc.
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Kazimir: EU Must Enforce Rules on Budgets
December 31, 2014
In a recent interview, Slovak Finance Minister Peter Kazimir has urged the European Commission to discipline countries, such as France and Italy, that fail to comply with the EU's budget rules.
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U.K. Faces Increasing Costs for EU
December 31, 2014
In a recent publication, the organization Business for Britain explains why the U.K.'s payments to the EU have increased and why they will continue to rise in the future.