Thu Oct 27, 2016 | 8:34am EDT
Reuters
By Robin Emmott and Sabine Siebold | BRUSSELS
Turkey is seeking an end to NATO's counter-migration mission in the Aegean Sea and it is telling the U.S.-led alliance that the sharp drop in refugees trying to get to Greece means there is no longer a need for warships to patrol its coast.
Turkish Defence Minister Fikri Isik told other NATO defense ministers on Wednesday that Ankara no longer saw a need for the mission to continue beyond the end of December, according to two people briefed on the exchanges, despite strong support across the alliance for the mission.
"This was a temporary mission, and the goal has been reached in this temporary mission. There is no need to extend it further," Isik told reporters in Brussels on Thursday.
Showing posts with label European Union. Show all posts
Showing posts with label European Union. Show all posts
Thursday, October 27, 2016
Sunday, October 23, 2016
Scotland demands to be equal partner in Brexit negotiations
The lead Scottish minister in the process is concerned that the UK is heading for a hard Brexit
The Independent
David Hughes, Lucinda Cameron
The Scottish Government has demanded to be treated as an “equal partner” by Theresa May in the Brexit negotiations, as the Prime Minister called for a “grown up” relationship with the devolved administrations.
The Prime Minister will host the leaders of Scotland, Wales and Northern Ireland on Monday to discuss the Brexit process and her Government's economic plans.
The Independent
David Hughes, Lucinda Cameron
The Scottish Government has demanded to be treated as an “equal partner” by Theresa May in the Brexit negotiations, as the Prime Minister called for a “grown up” relationship with the devolved administrations.
The Prime Minister will host the leaders of Scotland, Wales and Northern Ireland on Monday to discuss the Brexit process and her Government's economic plans.
Thursday, October 20, 2016
Greece Might Just Get a Boost From an Unlikely Source
The cash-strapped nation stands to gain a lift to demand from the aid effort for refugees
Bloomberg
Nikos Chrysoloras
October 20, 2016 — 7:01 AM EEST
As European Union leaders gather in Brussels on Thursday with the refugee crisis on the agenda, some of them may repeat the claim that their economies can't bear the cost of aiding people fleeing war and persecution. Greece ought not to be one of them.
After all it has been through in the past six years, the arrival of tens of thousands of refugees from across the Aegean may in fact be giving the country a mild, short-term stimulus.
Hundreds of millions of euros have been spent so far to provide shelter, provisions, and support to migrants and asylum seekers, in a period when government-funded spending has taken successive cuts.
Bloomberg
Nikos Chrysoloras
October 20, 2016 — 7:01 AM EEST
As European Union leaders gather in Brussels on Thursday with the refugee crisis on the agenda, some of them may repeat the claim that their economies can't bear the cost of aiding people fleeing war and persecution. Greece ought not to be one of them.
After all it has been through in the past six years, the arrival of tens of thousands of refugees from across the Aegean may in fact be giving the country a mild, short-term stimulus.
Hundreds of millions of euros have been spent so far to provide shelter, provisions, and support to migrants and asylum seekers, in a period when government-funded spending has taken successive cuts.
Tuesday, October 18, 2016
'Brexit' May Hurt Britain Where It Thrives: Science and Research
By KIMIKO DE FREYTAS-TAMURA
OCT. 17, 2016
The New York Times
LONDON — When Adam Durant started his company analyzing climate-related threats to aircraft, he and his team of researchers symbolized the possibilities offered by the European Union.
Soon after graduating from college, Mr. Durant received a prestigious European Union grant to study atmospheric chemistry and conduct climate-related research. When he started his business, he hired staff members from Belgium and France without having to sponsor their visas.
But since Britain voted in June to leave the bloc, Mr. Durant has become the archetype of something very different: a nervous entrepreneur, unsure about future funding and even considering leaving the country.
OCT. 17, 2016
The New York Times
LONDON — When Adam Durant started his company analyzing climate-related threats to aircraft, he and his team of researchers symbolized the possibilities offered by the European Union.
Soon after graduating from college, Mr. Durant received a prestigious European Union grant to study atmospheric chemistry and conduct climate-related research. When he started his business, he hired staff members from Belgium and France without having to sponsor their visas.
But since Britain voted in June to leave the bloc, Mr. Durant has become the archetype of something very different: a nervous entrepreneur, unsure about future funding and even considering leaving the country.
Monday, October 17, 2016
Nine Things You Need to Know About a ‘Hard Brexit"
Bloomberg
Simon Kennedy
October 17, 2016 — 7:00 AM EEST
Just when you finally grasped the meaning of “Brexit,” the subject grows more complicated. In London and the capitals of continental Europe, political leaders are preparing to discuss the terms and conditions of the U.K.’s coming separation from the European Union. Two broad options are being shorthanded as "hard Brexit" and "soft Brexit," with the U.K.’s prime minister, Theresa May, thought to lean toward the "hard Brexit" camp.
Monday, October 3, 2016
Sterling hits three-year low versus euro as Brexit deadline set
Mon Oct 3, 2016 | 4:31am EDT
Reuters
By Jemima Kelly | LONDON
Sterling slid to a three-year low against the euro and a three-month low versus the dollar on Monday, after a March deadline was set for the start of the formal process that will split Britain from the European Union.
Britain's Prime Minister Theresa May told her Conservative party's annual conference on Sunday that she was determined to move on with the process and win the "right deal", in a move to ease fears inside her party that she may delay the divorce.
Reuters
By Jemima Kelly | LONDON
Sterling slid to a three-year low against the euro and a three-month low versus the dollar on Monday, after a March deadline was set for the start of the formal process that will split Britain from the European Union.
Britain's Prime Minister Theresa May told her Conservative party's annual conference on Sunday that she was determined to move on with the process and win the "right deal", in a move to ease fears inside her party that she may delay the divorce.
Sunday, September 11, 2016
'Times are changing, pay your taxes', euro zone chief tells corporations
Sat Sep 10, 2016 11:50am EDT
Reuters
By Francesco Guarascio and Jason Hovet | BRATISLAVA
Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging.
In the wake of the 'Panama Papers' revelations of widespread tax-avoidance practices, Brussels has toughened up its drive for fairness by tightening controls and adopting stricter rules.
The recent shock multi-billion euro tax demand on Apple (AAPL.O) was part of that trend as the EU also drafts plans for a common corporate tax base and a single European blacklist for tax havens.
Reuters
By Francesco Guarascio and Jason Hovet | BRATISLAVA
Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging.
In the wake of the 'Panama Papers' revelations of widespread tax-avoidance practices, Brussels has toughened up its drive for fairness by tightening controls and adopting stricter rules.
The recent shock multi-billion euro tax demand on Apple (AAPL.O) was part of that trend as the EU also drafts plans for a common corporate tax base and a single European blacklist for tax havens.
Tuesday, June 28, 2016
World stocks, sterling fight back after Brexit beating
Tue Jun 28, 2016 5:11am EDT Related: HOUSING MARKET, DAVOS
LONDON | BY MARC JONES
Reuters
World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.
Bargain hunting trumped still widespread uncertainty over Britain's vote to leave the European Union, as the bloc's leaders, including soon-to-be-ex UK Prime Minister David Cameron, headed for their first post-vote meeting in Brussels.
European shares .FTEU3 jumped 2.4 percent in early trading having plunged over 10 percent since Friday.
LONDON | BY MARC JONES
Reuters
World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.
Bargain hunting trumped still widespread uncertainty over Britain's vote to leave the European Union, as the bloc's leaders, including soon-to-be-ex UK Prime Minister David Cameron, headed for their first post-vote meeting in Brussels.
European shares .FTEU3 jumped 2.4 percent in early trading having plunged over 10 percent since Friday.
How Britain Could Exit ‘Brexit’
The Interpreter
By MAX FISHER JUNE 27, 2016
The New York Times
WASHINGTON — In the days since Britons voted to leave the European Union, the so-called “Brexit” referendum has created such severe turmoil that public attention is increasingly focused on an extreme option: Can they get out of it?
Prime Minister David Cameron said on Monday that he considered the referendum binding and that “the process of implementing the decision in the best possible way must now begin.” But he also said he would leave that process to his successor, after his expected resignation in October. This opens a window of at least four months during which time Britain could decide not to proceed, and avoid consequences from Europe.
'Why are you here?' Juncker asks Brexit lawmakers
Tue Jun 28, 2016 4:53am EDT Related: WORLD
Reuters
European Commission President Jean-Claude Juncker asked lawmakers of Britain's anti-EU UKIP on Tuesday why they had attended a European Parliament session to discuss the consequences of the British vote to leave the bloc.
"We must respect British democracy and the way it has expressed its view," Juncker said in a speech to parliament, words that were greeted by rare applause from the UKIP members present.
Reuters
European Commission President Jean-Claude Juncker asked lawmakers of Britain's anti-EU UKIP on Tuesday why they had attended a European Parliament session to discuss the consequences of the British vote to leave the bloc.
"We must respect British democracy and the way it has expressed its view," Juncker said in a speech to parliament, words that were greeted by rare applause from the UKIP members present.
Monday, June 27, 2016
Having Won, Some ‘Brexit’ Campaigners Begin Backpedaling
By STEPHEN CASTLEJUNE 26, 2016
The New York Times
LONDON — Freed from the shackles of the European Union, Britain’s economy would prosper and its security would increase. Britain would “take back control” of immigration, reducing the number of arrivals. And it would be able to spend about 350 million pounds, or about $470 million, a week more on health care instead of sending the money to Brussels.
Before Thursday’s referendum on the country’s membership in the 28-nation bloc, campaigners for British withdrawal, known as Brexit, tossed out promises of a better future while dismissing concerns raised by a host of scholars and experts as “Project Fear.”
But that was before they won.
With financial markets in turmoil, a big drop in the pound and the prospect of further chaos, some supporters of Brexit are backpedaling on bold pronouncements they made just a few days earlier. “A lot of things were said in advance of this referendum that we might want to think about again,” Liam Fox, a former cabinet minister, told the BBC, including when and how Article 50 — the formal process for leaving the European Union — should be invoked.
The New York Times
LONDON — Freed from the shackles of the European Union, Britain’s economy would prosper and its security would increase. Britain would “take back control” of immigration, reducing the number of arrivals. And it would be able to spend about 350 million pounds, or about $470 million, a week more on health care instead of sending the money to Brussels.
Before Thursday’s referendum on the country’s membership in the 28-nation bloc, campaigners for British withdrawal, known as Brexit, tossed out promises of a better future while dismissing concerns raised by a host of scholars and experts as “Project Fear.”
But that was before they won.
With financial markets in turmoil, a big drop in the pound and the prospect of further chaos, some supporters of Brexit are backpedaling on bold pronouncements they made just a few days earlier. “A lot of things were said in advance of this referendum that we might want to think about again,” Liam Fox, a former cabinet minister, told the BBC, including when and how Article 50 — the formal process for leaving the European Union — should be invoked.
Sterling and euro struggle as Brexit shock lingers
Mon Jun 27, 2016 3:37am EDT
LONDON | BY ANIRBAN NAG
Reuters
Sterling stayed under siege on Monday, holding above a 31-year low against the dollar, with sentiment distinctly sour after Britain opted to exit the European Union, triggering shockwaves across global markets.
The euro was also under pressure, pulled down by sterling, as Brexit clouded the future of the European Union. Safe-haven currencies like the yen and the Swiss franc extended gains, much to the discomfiture of the Japanese and Swiss central banks.
Sterling was down 1.8 percent at $1.3460 GBP=D4, having hit a trough of $1.3228 on Friday, its lowest since 1985. It recovered from a low of $1.3356 struck in Asia on Monday after British Chancellor George Osborne sought to assure markets that he was staying on and that the economy was in good shape.
LONDON | BY ANIRBAN NAG
Reuters
Sterling stayed under siege on Monday, holding above a 31-year low against the dollar, with sentiment distinctly sour after Britain opted to exit the European Union, triggering shockwaves across global markets.
The euro was also under pressure, pulled down by sterling, as Brexit clouded the future of the European Union. Safe-haven currencies like the yen and the Swiss franc extended gains, much to the discomfiture of the Japanese and Swiss central banks.
Sterling was down 1.8 percent at $1.3460 GBP=D4, having hit a trough of $1.3228 on Friday, its lowest since 1985. It recovered from a low of $1.3356 struck in Asia on Monday after British Chancellor George Osborne sought to assure markets that he was staying on and that the economy was in good shape.
Tuesday, February 23, 2016
If Sterling Goes Down on `Brexit,' It's Taking the Euro With It
Eshe Nelson
Manisha Jha
Chiara Albanese
February 23, 2016 — 2:00 AM EET Updated on February 23, 2016 — 12:36 PM EET
Bloomberg
Britain’s referendum on its membership in the European Union isn’t just a threat to the pound. It’s raising currency-market risks across the continent.
While the pound led declines among major currencies on Monday with its biggest slide since 2010, the euro had the second-largest drop, weighed down by signs of slowing growth. The cost of options protecting against losses on Europe’s 19-nation currency also jumped. The U.K.’s potential exit may damage trade and encourage other members to renegotiate their relationship with the EU, signaling scope for further losses in the euro in the run-up to Britain’s June 23 referendum.
Manisha Jha
Chiara Albanese
February 23, 2016 — 2:00 AM EET Updated on February 23, 2016 — 12:36 PM EET
Bloomberg
Britain’s referendum on its membership in the European Union isn’t just a threat to the pound. It’s raising currency-market risks across the continent.
While the pound led declines among major currencies on Monday with its biggest slide since 2010, the euro had the second-largest drop, weighed down by signs of slowing growth. The cost of options protecting against losses on Europe’s 19-nation currency also jumped. The U.K.’s potential exit may damage trade and encourage other members to renegotiate their relationship with the EU, signaling scope for further losses in the euro in the run-up to Britain’s June 23 referendum.
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