Chapter News

New round of U.S. tariffs a ‘modest’ hit for euro area: ECB Report

Thursday, April 25th, 2019

A new round of tariffs between the United States and its main partners would only cause a “modest decrease” in the pace of economic growth in the euro zone, according to research by the European Central Bank. The study simulated a two-way, 10 percent increase in tariff and other trade barriers between the world’s largest […]

 ECB Economic Bulletin- The economic implications of rising protectionism: a euro area and global perspective

Thursday, April 25th, 2019

Prepared by Vanessa Gunnella and Lucia Quaglietti Published as part of the ECB Economic Bulletin, Issue 3/2019. The risk of a trade war came sharply into focus in 2018, as protectionist threats by the US Administration and its trading partners were followed by concrete actions. Tensions rose over the summer and, while these have been defused […]

EU-U.S. Trade: Commission welcomes Council’s green light to start negotiations with the United States

Friday, April 19th, 2019

The European Commission welcomes today’s decision by the Council to adopt the negotiating directives for trade talks with the United States, thus continuing to deliver on the implementation of the Joint Statement agreed by Presidents Juncker and Trump in July 2018. European Union Member States gave the Commission the green light to start formal negotiations […]

EU-U.S. Joint Statement: the United States is Europe’s main soya beans supplier with imports up by 121%

Thursday, April 18th, 2019

New figures released by the European Commission today, show that imports of U.S. soya beans by the European Union increased by 121% over the current market year (July 2018 to mid-April 2019), compared to the same period in the previous year. With a share of 72% of EU soya beans imports, the U.S. is today […]

EU, China, US will suffer economically from the re-emergence of protectionism

Thursday, April 18th, 2019

The world’s largest economies, particularly the EU, China, the US, Mexico and Canada, are all projected to suffer economically from the re-emergence of economic protectionism, and a significant increase in trade tariffs. In the case of the EU, the bloc would experience a 1% contraction in GDP, a 0.3% lower rate of employment, and a […]

When EU & US Work Together We Both Win: Q&A with Ambassador Stavros Lambrinidis, European Union Ambassador to the United States

Wednesday, April 17th, 2019

By Michele Bendall |  Editor of Delegation of the European Union to the United States Name: Stavros Lambrinidis | Age: 57 |Hometown: Athens, Greece Ambassador to the U.S. since: April 8, 2019 Welcome back to Washington, Ambassador! Many of our readers may not know that you actually attended college here — first at Amherst College, then at Yale Law School — then you worked […]

Digital Single Market: European Commission welcomes European Parliament’s vote on new rules to improve fairness and transparency of online platforms

Wednesday, April 17th, 2019

Strasbourg, 17 April 2019 Today, the European Parliament approved the new Regulation on platform-to-business trading practices that is aimed at establishing a fair, trusted and innovation-driven environment for businesses and traders when using online platforms. Vice-President for the Digital Single Market, Andrus Ansip, Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elżbieta Bieńkowska, and Commissioner […]

Update by President Donald Tusk to the European Parliament; Report and concluding remark on the Special European Council (Art. 50) meeting on 10 April

Tuesday, April 16th, 2019

  April 16, 2019 09:30 From this place I would like to say words of comfort and solidarity with the whole French nation in the face of the Paris tragedy. I say these words not only as the president of the European Council, but also as a citizen of Gdańsk, 90 percent destroyed and burnt, […]

EU27 leaders agreed to delay Brexit until 31 October 2019. Their decision was taken in agreement with the UK.

Thursday, April 11th, 2019

EU27 leaders took note of the letter sent by UK Prime Minister Theresa May asking for a further extension to the Article 50 period. They agreed to an extension to allow for the ratification of the withdrawal agreement. “Such an extension should last only as long as necessary and, in any event, no longer than […]

Monetary policy decisions form the ECB

Wednesday, April 10th, 2019

10 April 2019 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 […]