On October 6, 2016, The European Institute held a lunch discussion with a delegation from the European Parliament’s Committee on Economic & Monetary Affairs (ECON) led by The Honorable Roberto Gualtieri, ECON Chairman and The Honorable Siegfried Mureșan, Spokesman for the European People’s Party and Substitute Member of ECON. Chairman Gualtieri and Mr. Mureşan, along with other representatives from the ECON Committee, discussed the current status and environment of the banking union as well as the changes the European Union may need to make in order cope successfully with challenges such as Brexit, the need for greater economic growth, and the implementation of a common deposit insurance scheme. Despite differing views on some subjects, the delegation agreed on the necessity of the completion of the bank union.
Once again, the euro survived a crucial electoral test and strengthened in financial markets clearly relieved that the world’s second reserve currency will carry on despite populist politicians pandering to voters blaming economic stagnation and high unemployment on the European Union and the euro. The euro’s bounce against the dollar came just hours after the first round of France’s presidential election on Sunday, April 23, resulted in Emmanuel Macron, a pro-European centrist; and Marine Le Pen, head of the hard right and anti-European Front National, winning through to the run-off vote on May 7.Read more ...
Turkey’s autocratic president Recep Tayyip Erdogan added another critical, albeit controversial electoral win to his column last Sunday. A referendum officially changing the regime from a parliamentary democracy to a presidential system with little or no checks and balances passed with a narrow margin (51-49 percent).Read more ...
Conscientious Americans, eager to be distracted from President Trump’s latest diplomatic salvo, his threat to “solve North Korea” unilaterally if China doesn’t sort it out, may take comfort from a Ruritanian version of sabre rattling diplomacy which vied for European headlines as the week began. Another Falklands war! Another Spanish Armada! Like much else, the Gibraltar question would be funny if it wasn’t serious.Read more ...
Will the EU Fall? Three Scenarios, Four Explanations, by Frédéric Mérand, Université de Montréal, published as a blog of the American Sociological Association. A crisp and insightful summary of the EU crisis and where it could lead. Recommended by European Affairs.
The flow towards Europe Interactive chart showing refugee flow into Europe, country by country, based on UN data. PUBLISHED 26.10.2015 | BY VILLE SAARINEN AND JUHO OJALA
Recommended by European affairs.
The collapse of the US-EU Safe Harbor: Solving the new privacy Rubik’s Cube, by Brad Smith – President and Chief Legal Officer Microsoft Corporation. A thoughtful post (Oct. 20) by the President of a company seriously impacted by the recent European Court of Justice take down of the “safe harbor” provisions of the EU for data transfer out of Europe. Smith lays out principles for moving to a new and better win-win formulation without plunging the world into “digital dark ages.” Recommended by European Affairs.
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