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Merkel Offers Limited Support for EU Finance Integration
August 30, 2017
In a press conference in the lead-up to the country's general election in September, German Chancellor Angela Merkel reiterated her support for expanded powers of an EU bailout fund and for the establishment of a eurozone finance minister but stated that she would only agree to a "small budget" for such EU finance centralization.
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German Court Reserves Power to Sidestep ECJ
August 25, 2017
Bloomberg reports that, in a recent ruling on the authority of the European Central Bank to engage in certain bond-buying practices, the German Federal Constitutional Court reserved the power not to apply rulings of the Court of Justice of the EU (ECJ) allowing EU institutions to "blatantly" overstep their mandates.
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Booth: UK, EU Move Closer to Dispute Resolution Deal
August 24, 2017
Stephen Booth of think tank Open Europe writes that a recent policy paper released by the UK government outlining potential "dispute resolution" mechanisms to which UK and EU courts might submit after Brexit places Britain within striking distance of the EU negotiating position, but its impact will depend on the "scope and depth" of agreements on the UK-EU post-Brexit relationship.
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UK Paper Sparks Debate on Implications for Future ECJ Role
August 24, 2017
A policy paper from the UK government exploring options related to the remit of the Court of Justice of the EU (ECJ) in Britain after Brexit has sparked debate over whether the document signals a "climbdown" from previous government positions on leaving the ECJ or merely recognizes practical realities involved in enforcing future trade and immigration deals with the EU.
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Finance Companies Support EU Transaction Tax
August 23, 2017
A press release from Oxfam celebrates a letter from 52 finance professionals calling for a group of EU member states to impose a "small" tax - deemed a "Robin Hood Tax" by Oxfam - on financial transactions to raise "substantial revenue" for people "in urgent need" throughout Europe and elsewhere in the world.
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