Chapter News

United Kingdom Article IV Press Conference

Tuesday, September 18th, 2018

Dear Chancellor, thank you very much for your kind introduction. Ladies and gentlemen, good morning. It’s always a pleasure to be in London. We are here for our annual review of the British economy, the Article IV consultation. Last time I met with you was in December 2017, so just about nine months ago. At […]

State of the Union 2018: The Hour of European Sovereignty

Friday, September 14th, 2018

President Juncker stresses the need for Europe to become more sovereign so as to be able to play a role in shaping global affairs European Commission President Jean-Claude Juncker on September 12 delivered his 2018 State of the Union Address, before the Members of the European Parliament in Strasbourg, presenting his priorities for the year […]

Monetary Policy Decisions Announced out of the ECB

Thursday, September 13th, 2018

13 September 2018 At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest […]

EIB issues first Sustainability Awareness Bond

Tuesday, September 11th, 2018

EUR 500 m bonds demonstrates commitment to UN Sustainable Development Goals New bonds expand benefits of impact reporting and transparency beyond climate High-impact water projects to benefit from first sustainable bonds The European Investment Bank today issued its first Sustainability Awareness Bond. The EUR 500 million transaction represents the first EIB funding intended to directly […]

Bill Rhodes: Beware of Emerging Markets

Monday, September 10th, 2018

by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of Banker to the World: Lessons from the Front Lines of Global Finance Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, […]

Global Business, Local Benefit Foreign Contributions to the New York Economy

Friday, September 7th, 2018

New York City has reached historic levels of jobs and economic activity, thanks to its status as a global center of finance, commerce and innovation. In an era of rapid globalization, New York’s success would not be possible without the contributions of more than 5,000 foreign companies that have their U.S. headquarters and significant business […]

ECB: The euro area: current status and challenges ahead

Wednesday, September 5th, 2018

Speech by Luis de Guindos, Vice-President of the ECB, at La Granda courses, Asturias, 31 August 2018 It is a pleasure to be here at La Granda courses in Asturias. In my remarks today, I would like to review the economic developments in the euro area, explain our recent monetary policy decisions and reflect on […]

International data flows: Commission launches the adoption of its adequacy decision on Japan

Wednesday, September 5th, 2018

Following the conclusion of the EU-Japan talks on personal data protection in July 2018, the Commission launched today the procedure for the adoption of its adequacy decision. Commissioner Jourová today briefed the College on the next steps and the Commission is publishing the draft adequacy decision and the related documents. This includes the additional safeguards that Japan […]

A “Gross betrayal of Democracy” ?

Tuesday, September 4th, 2018

The UK Prime Minister, Mrs May, writes today that to have a second Referendum in the UK on Brexit would be “a gross betrayal of democracy”. If she believes that, she does not understand democracy very well. She seems to suggest that democrats, having made a decision, should not ever change their minds. In fact, […]

Drought in Europe: Commission presents additional measures to support farmers

Thursday, August 30th, 2018

In light of the difficulties faced by European farmers affected by drought this summer, the European Commission continues acting to provide practical support to the sector. Additional flexibility will be granted to help farmers provide sufficient feed to their animals. The European Commission presented today an additional package of actions aimed at increasing the availability […]