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Banking Initiative Pushes for CEE Finance Union
March 17, 2017
The Vienna Initiative, a framework developed by European bank authorities to maintain financial stability in Central and Eastern Europe (CEE), has announced the establishment of a working group to investigate obstacles, including domestic regulation, to the development of a cross-border capital markets union in the CEE region.
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ECJ Denies Authority over "Humanitarian" Visas
March 17, 2017
The Court of Justice of the EU (ECJ), declining to follow the decision of an Advocate-General finding that EU member states must issue humanitarian visas in accordance with the EU Charter of Fundamental Rights, has held that it has no jurisdiction under EU law over Belgium's decision not to issue such a visa to a Syrian family.
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UK Faces Obstacles in Withdrawing from ECJ
March 17, 2017
An article in The Economist highlights the tension between the UK government's dual goals of maintaining a close trade relationship with the EU following its departure from the bloc and its desire to take back control of its laws from the jurisdiction of the Court of Justice of the EU (ECJ).
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EU "Core" Countries Seek "Multi-Speed" Integration
March 17, 2017
Meeting in Versailles, France, the four countries that will be the largest in the EU following Britain's exit agreed to advocate for a "multi-speed" Europe allowing a "core" group of countries to transfer their sovereign powers to EU institutions at a quicker rate than other countries more wary of Brussels' intervention.
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UK Official Pledges to "Fight Back" If EU Refuses Deal
March 17, 2017
In a recent interview, UK Chancellor of the Exchequer Philip Hammond asserted that he expects to negotiate a comprehensive free trade deal with the EU during Brexit talks but warned that his government will take any steps necessary to "fight back," including with trade deals and potentially other measures, if the bloc refuses such a deal.
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