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ECB Official Outlines Steps Toward EU Banking Union
January 27, 2017
At a recent conference in Rome, Peter Praet, a Member of the Executive Board of the European Central Bank (ECB), highlighted the mission of the ECB to push the EU to overcome the traditional jurisdiction of national governments over banking rules in order to centralize them at the EU level with a European Banking Union.
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EU Consults Global Actors on Social Rights
January 26, 2017
The European Commission recently hosted a high-level conference in Brussels seeking input from the global community, including "social partners and civil society," on its plans for a European Pillar of Social Rights that will seek to advance "fairness and social justice in Europe."
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MEPs Call for Centralization of Labor Policy
January 26, 2017
Members of the European Parliament have approved a report calling on the European Commission to include in its plans for a European Pillar of Social Rights "EU-wide rules on decent working conditions to apply to all forms of employment" and the introduction of EU social security cards.
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ECJ: ECB Is Not Liable for Greek Debt Losses
January 26, 2017
Finding that commercial banks cannot rely on "the principle of legal certainty" in the area of monetary policy, the Court of Justice of the EU has dismissed a complaint from financial institutions alleging that their losses from the restructuring of Greek debt violated EU law.
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Dissenting UK Justices Object to Involvement in Brexit
January 25, 2017
The Telegraph reports that the three UK Supreme Court Justices who dissented from the Court's decision this week that the British Government cannot formally notify the EU of its intent to leave without a vote from Parliament asserted that it was up to Parliament, and not the courts, to shape its role in the "political process" involved in Brexit negotiations.
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