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EU Vice-President: Centralization Is "Foregone Conclusion"
August 10, 2017
In an interview with Reuters, European Commission Vice-President Frans Timmermans predicted that the governments of France and Germany will lead efforts toward an accelerated transfer of power to EU institutions, stating that such integration in the wake of Brexit "is a foregone conclusion."
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"Leave" MPs Support Brexit Transition Period
August 10, 2017
Guido Fawkes reports that UK Members of Parliament who supported leaving the EU in the 2016 membership referendum have expressed their openness to a time-limited, two-to-three-year transition period between the end of Brexit negotiations and the UK's departure from the EU's single market and customs union.
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ECB Seeks More Control over Euro Clearing
August 10, 2017
The Irish Independent reports that the European Central Bank (ECB) has pushed the European Commission to grant it more authority over the clearing of euro-denominated transactions, an activity with a large market in London, including the power to demand that euro-clearing firms deemed "systemically important" to EU financial markets move inside the bloc.
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EU Negotiators Agree External Fishing Rules
August 10, 2017
Negotiators of the European Parliament and the Council of the EU have agreed to new rules regulating EU fishing boats operating outside the bloc's waters and non-EU fishing boats operating in the bloc's waters, aiming to promote "sustainability" in fishing management and prevent "illegal, unreported and unregulated fishing."
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UK Plans Departure from EU Arrest Warrant System
August 09, 2017
The Sun reports that the British Government is developing plans to permit UK judges to deny extradition requests from EU member states after Brexit, breaking from the European Arrest Warrant scheme overseen by the Court of Justice of the EU that provides little judicial recourse to arrest warrants from other members.
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