Finance & Trade

EU Announces Additional Funding to France

August 13, 2014

The Express reports that the EU has announced additional funding from its budget, funded by member states, to France for training and education to revive the country's struggling economy.
Elliott: EU Financial Tsar Would Be "Disaster" for U.K.

August 06, 2014

Matthew Elliott of Business for Britain writes that European Commission President Jean-Claude Juncker's plans for a powerful EU financial directorate would be "a call for Britain to accept flagrant economic self-harm."
Juncker Considers Establishing EU Financial Directorate

July 31, 2014

The Telegraph reports that incoming President of the European Commission Jean-Claude Juncker is considering creating a powerful financial directorate within the Commission, driving concerns within the U.K. that such a move would tilt authority to regulate the financial industry to a great extent toward Brussels.
German Courts Will Consider Legality of EU Banking Union

July 30, 2014

A group of academics have filed a complaint in the German courts alleging that the EU banking union and Single Supervisory Mechanism, set up to deal with failing European banks that are deemed risks to the European economy, are not permitted by EU law.
EU Will Investigate U.K.'s Immigration Measures

July 30, 2014

The European Commission has announced that it plans to investigate new immigration policies announced by U.K. Prime Minister David Cameron to, among other things, shorten the amount of time during which immigrants from other EU countries to the U.K. can receive out-of-work benefits.
U.K.'s Cameron Seeks Restrictions on Immigrant Benefits

July 30, 2014

British Prime Minister David Cameron is seeking laws that discourage EU immigration to the U.K., including halving the amount of time during which EU migrants in Britain can receive unemployment benefits to three months and limiting the number of U.K. jobs that are advertised across the EU.
Lithuania Will Adopt Euro Currency in 2015

July 30, 2014

The European Council has announced that it has adopted a decision authorizing Lithuania to join the euro in January 2015.
EU Council Adopts Regulation for Single Resolution Mechanism

July 23, 2014

The Council of the EU has adopted rules establishing a Single Resolution Mechanism that will place an EU board in control of dealing with failing banks using a single resolution fund.
EU Finance Ministers Seek to Close Tax "Loopholes"

July 14, 2014

Finance Ministers from EU member states have agreed to a proposal to reform tax legislation in Europe that has purportedly allowed multinational corporations to use differing national tax policies to lower their overall tax bills.
EU Demands Amazon Tax Documents from Luxembourg

July 14, 2014

As part of a broader investigation of whether EU member states are engaging in unlawful tax deals to encourage the presence of multinational companies, the European Commission has ordered Luxembourg to hand over documents relating to the tax status of online retailer Amazon.