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EU Develops Centralized Pension System
August 10, 2017
The Guardian reports that the European Commission is developing plans for an "EU pension" that would provide for a centralized scheme through which EU workers who move from country to country could save for retirement.
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EU Negotiators Agree to "Sustainability" Fund
August 10, 2017
The Council of the EU announced in June an agreement between negotiators of EU member states and institutions on the establishment of a fund of 3.35 billion euros to help finance the global "sustainable development" agenda in developing countries outside the EU and fulfill the bloc's commitments under the UN's Paris climate deal agreed in 2015.
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EU Vice-President: Centralization Is "Foregone Conclusion"
August 10, 2017
In an interview with Reuters, European Commission Vice-President Frans Timmermans predicted that the governments of France and Germany will lead efforts toward an accelerated transfer of power to EU institutions, stating that such integration in the wake of Brexit "is a foregone conclusion."
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"Leave" MPs Support Brexit Transition Period
August 10, 2017
Guido Fawkes reports that UK Members of Parliament who supported leaving the EU in the 2016 membership referendum have expressed their openness to a time-limited, two-to-three-year transition period between the end of Brexit negotiations and the UK's departure from the EU's single market and customs union.
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ECB Seeks More Control over Euro Clearing
August 10, 2017
The Irish Independent reports that the European Central Bank (ECB) has pushed the European Commission to grant it more authority over the clearing of euro-denominated transactions, an activity with a large market in London, including the power to demand that euro-clearing firms deemed "systemically important" to EU financial markets move inside the bloc.
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