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EC Turns up Pressure for Bank Capitalization Rules
May 15, 2018
Reuters reports that the European Commission (EC) is pushing for the advancement of new bank capitalization rules before European parliamentary elections next year, in a push to further the bloc's plans for an EU Banking Union even as the international Basel Committee is moving toward a deal on new capitalization rules that could make the EU rules obsolete.
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EC Targets Alleged Sale of Inferior Foods in East
May 11, 2018
The Guardian reports that the European Commission (EC) has proposed a directive restricting businesses from selling different foods in different EU member states under the same brand, responding to a study, refuted by companies, accusing various brands of engaging in a "dual-food" practice of selling inferior food products in Eastern Europe.
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EC Proposes Boost to Consumer Lawsuits
May 11, 2018
Reuters reports that the European Commission (EC) has proposed legislation that would boost the ability of European consumer organizations to launch collective-action lawsuits on behalf of citizens against businesses and increase fines for companies that violate consumer-protection rules.
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Article: EC Digital Tax Proposal Threatens Innovation
May 11, 2018
Paul MacDonnell of the Global Digital Foundation argues that the European Commission's (EC) proposal to impose an interim three-percent tax on the revenues of digital companies interferes with the construction of a global tax system that encourages technological innovation and punishes European consumers who take advantage of free digital platforms.
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Hungarian PM Prioritizes Retaining "Europe of Nations"
May 11, 2018
Reuters reports that, following his recent re-election, Hungarian Prime Minister Viktor Orban vowed to resist the construction of a "United States of Europe," instead seeking a "Europe of nations" adhering to the principle of national sovereignty.
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