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EU Files Financial Reporting Complaint Against Ireland
July 18, 2017
The European Commission recently announced that it is taking Ireland to the Court of Justice of the EU for failing to transpose provisions of the EU's Accounting Directive, creating EU-wide standards on information businesses must disclose in their annual financial statements, into the country's national law.
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EU Demands Austria Reform Minimum Wage Laws
July 18, 2017
Highlighting the difficulties faced by EU member states in applying social legislation to foreign companies and workers operating in their territories under "internal market" rules, the European Commission has opened legal proceedings against Austria for applying its minimum wage rules to international road transport services.
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EU Takes Romania to Court over Waste Management
July 18, 2017
The European Commission has announced that it is filing a complaint against Romania with the Court of Justice of the EU for the country's failure to adopt a "national waste management plan and waste prevention programme" in line with the bloc's "circular economy" and environmental agenda.
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Lawyer: Post-Brexit Transition Deal Could Curtail UK Opportunities
July 18, 2017
Shanker A. Singham of the Legatum Institute Special Trade Commission writes that, rather than enter a transitional post-Brexit trade deal in which the EU retains authority over UK trade policy, Britain should leave the EU without any deal in order to maximize its global trade and investment opportunities.
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Merkel Expresses Support for EU Budget, Finance Minister
July 18, 2017
After meeting with French President Emmanuel Macron, German Chancellor Angela Merkel indicated that she is open to President Macron’s proposal to establish an EU budget and finance minister that would significantly centralize financial policy-making in the eurozone.
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