Economy
#Brexit – Is a U-turn in sight?
Boris Johnson wrote to European Council President Donald Tusk on 19 August, setting out the UK government’s position on ‘key aspects’ of Brexit, particularly in relation to the ‘backstop’ provisions in the Protocol on Ireland and Northern Ireland. The letter comes before one-to-one meetings with German Chancellor Angela Merkel and French President Emmanuel Macron, and […]
June 2019 – #Eurozone international trade in goods surplus €20.6 billion – €6.1bn surplus for EU-28
The first estimate for eurozone (EA-19) exports of goods to the rest of the world in June 2019 was €189.9 billion, a decrease of 4.7% compared with June 2018 (€199.3bn). Imports from the rest of the world stood at €169.3bn, a fall of 4.1% compared with June 2018 (€176.6bn). As a result, the eurozone recorded […]
US trade policies and #Brexit slow down Dutch economy – government adviser
Economic growth in the Netherlands will slow down more than anticipated next year, as exports are hit by the fallout of US trade policies and Brexit, national forecasting agency CPB said on Thursday (15 August), writes Bart Meijer. The Dutch economy will grow by 1.4% in 2020, the government’s main economic adviser said, down from […]
#EuropeanBankingShock may well be next source of global economic crisis
11 years after the global financial crisis, the European banking industry is once again preparing for tough days ahead. After Deutsche Bank’s announcement of a large-scale layoff plan recently, another large European bank may go down the same path. Similarly, UniCredit is considering cutting 10,000 jobs and this made up the 10% of the bank’s […]
#Brexit – ‘Good Friday Agreement will be fiercely defended by the US Congress’ Pelosi
Speaker of the United States Congress Nancy Pelosi fires off a statement in support of the Good Friday Agreement a day after the US National Security Adviser John Bolton’s visit to London where he met with British Prime Minister Boris Johnson, writes Catherine Feore. Bolton said that the UK would be “first in line” for […]
Doubts over #Erasmus+ after EU exit
The Scottish and Welsh governments have raised serious concerns about the impact of a ‘no-deal’ Brexit on the popular Europe-wide international student exchange programme Erasmus+. In a letter to Secretary of State for Education Gavin Williamson, Scottish Further and Higher Education Minister Richard Lochhead and Welsh Education Minister Kirsty Williams argue the case for continued […]
Italy not thinking about leaving #Euro – Salvini
The leader of Italy’s League Matteo Salvini, who this week pulled the plug on his own governing coalition and called for a snap election, said on Saturday (10 August) leaving the euro was not an option on the table, writes Silvia Aloisi. The La Repubblica daily, which is close to the centre-left opposition, said on […]