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EU Leaders Indicate Push-back Against "Emergency Brake"
February 10, 2016
The Guardian reports that, as some politicians in Austria and Switzerland support the creation and immediate use of an "emergency brake" to cut off social benefits to recent migrants from EU countries, as proposed by the UK, leaders of EU institutions may resist the change in order to prevent an "open season" for migration reform calls within the bloc.
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National Bank Officials Call for Euro Finance Ministry
February 10, 2016
Reuters reports that Jens Weidmann of the German Central Bank and Francois Villeroy de Galhau of the French Central Bank recently co-wrote an article proposing a eurozone finance ministry that would formulate fiscal policy within the bloc.
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EU Plans Legislation on Corporate Tax Reporting
February 10, 2016
According to The Guardian, the European Commission is planning to propose legislation requiring corporations from around the world operating within the EU to disclose the amount of tax they pay to each EU country and may seek to skirt rules requiring a unanimous vote on tax laws by adopting the proposals as amendments to existing legislation.
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Former ECJ Official: UK Cannot Override EU Law
February 10, 2016
Casting doubt on proposals to reassert the supremacy of the British Parliament over EU legislation, former Advocate General of the Court of Justice of the EU ("ECJ") Sir Francis Jacobs has said that the only way to prevent EU law from overriding national laws would be to leave the EU.
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Howe: Only Brexit Will "Save" UK Sovereignty
February 10, 2016
Martin Howe QC writes that proposals for laws seeking to enhance the sovereignty of the British Parliament ignore the fact that the Parliament already possesses such sovereignty and that the only real way to "disapply" EU legislation in the UK without triggering an escalating conflict would be to vote to leave the EU and negotiate a new trade relationship with the bloc.
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