Finance & Trade

Lamont: EU Ideals Conflict with Democratic Sovereignty

July 06, 2015

Former UK Member of Parliament and Chancellor of the Exchequer Norman Lamont writes that the Greek financial crisis demonstrates how the "inflexible, irreversible rules of the euro" are in conflict with the principle of people as sovereign in a national democratic system.
Former Irish Minister: EU Used Undue Pressure to Force Bailout

June 26, 2015

Kevin Cardiff, head of the Irish finance ministry when the Government of Ireland accepted a "bailout" from the EU and International Monetary Fund in 2010, has stated that the EU or the European Central Bank used media briefings to undermine trust in Irish markets and pressure Ireland to accept the bailout.
Greece Eurozone Exit May Mean EU Exit

June 24, 2015

Politico reports that some legal observers have found, based on the text of the EU treaties, that if Greece defaults on its loans and must exit the eurozone, it must be forced to exit the EU as well, dealing a potential blow to the credibility of the economic bloc.
ECJ Rejects Challenge to Bond-Buying Program

June 16, 2015

Setting aside reasoning from the German Federal Constitutional Court, which referred the case, the Court of Justice of the EU ("ECJ") has rejected a challenge from a group in Germany arguing that a bond-buying program announced by the European Central Bank exceeded the institution's mandate.
Hannan: TTIP Criticism Applies to EU

June 12, 2015

UK Member of the European Parliament Daniel Hannan writes that anti-corporate arguments against the prospective Transatlantic Trade and Investment Partnership ("TTIP") between the EU and the US should prompt scrutiny of the EU's preference for corporations and NGOs over national sovereignty.
EU Officials Call for German Cooperation in Tax Probe

June 10, 2015

EurActiv reports that officials from the European Commission and a Member of the European Parliament are calling for full cooperation of the German Government with an EU-wide investigation of whether member states have granted special tax privileges to multinational corporations.
EU Warns Estonia, Poland of Legal Action over Tax Data

June 09, 2015

Following its call for data on tax rulings from EU member states in the wake of allegations of favorable corporate tax deals in some countries, the European Commission has threatened Estonia and Poland with legal action if they do not send additional data on their tax decisions within the next month.
Hannan Describes Vision of Post-EU U.K.

June 03, 2015

U.K. Member of the European Parliament Daniel Hannan has set out a vision of Britain in 2020, following an exit from the EU, in which the country retains its trade relationship with Europe, opens new trading opportunities with other countries, and casts off what he deems to be burdensome rules from European institutions.
EU Warns Countries to Adopt "Bail-in" Rules

June 01, 2015

The European Commission has warned 11 EU member states that it will launch legal action against them if they do not implement the EU bank recovery and resolution directive, requiring banks to contribute to a fund that will limit the exposure of taxpayers to potential bank bailouts.
British Business Leaders Do Not Fear “Brexit”

May 27, 2015

The BBC reports that a group of business leaders in the U.K. have discounted fears of harm to the British economy following its potential exit from the EU, finding that being outside the bloc would not substantially influence Britain’s trade prospects.