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Eurogroup Chair: UK Must Heed EU Banking Standards
May 22, 2017
Jeroen Dijsselbloem, chairman of the informal conference of eurozone member states called the Eurogroup, predicted at a recent conference that, in order to strike a post-Brexit financial sector agreement with the EU, the UK would have to agree in the future to permit a body to "regularly assess" whether its banking regulation is sufficiently close to European standards.
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EU Agency Seeks More Ambition on Green Energy
May 18, 2017
A recent report from the EU's European Environment Agency praised the continued roll-out of renewable energy sources in Europe but warned that the shift away from fossil fuels is not currently fast enough to meet the EU's target of an 80 percent reduction in greenhouse gas emissions by the year 2050.
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Officials Push for EU Sanctions on Poland
May 17, 2017
Reuters reports that, at a recent meeting of foreign ministers of EU member states, officials from multiple countries recommended that the EU impose consequences on Poland if the government fails to resolve its rule-of-law dispute with the Constitutional Court in line with demands from the European Commission.
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German President Criticizes "Irresponsible" Brexit
May 15, 2017
In an address to the European Parliament, German President Frank-Walter Steinmeier warned that the "black and white" message of nationalists, including in the UK's EU referendum campaign, is "irresponsible" and asserted that EU member states are "gaining strength through" sovereignty as part of the supranational project.
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EU Politician Seeks Post-Brexit Ban on UK Euro Clearing
May 12, 2017
The Guardian reports that Manfred Weber, leader of the European People's Party grouping in the European Parliament, has asserted that the EU must remove from London the business of clearing euro-denominated transactions, a sector currently "dominated" by British financial companies, following the UK's exit from the EU.
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