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EU Considers Sovereign Debt Limitations for Banks
February 04, 2016
As it seeks measures that will aid the eurozone on the path to an official banking union, EU officials are considering imposing limits on the amount of government debt European banks can hold in response to German concerns that such debt entails significant risk to the bloc's financial system.
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EU Official Proposes New Terms for UK Membership
February 03, 2016
European Council President Donald Tusk has proposed new terms for Britain's membership in the EU, including measures intended to increase UK control over migration and to permit it and other members to block unwanted EU legislation, to be negotiated in the coming weeks, prior to a referendum over the UK's membership in the bloc.
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EU, US Reach Deal on Data Privacy
February 03, 2016
The New York Times reports that a deal reached by US and EU authorities on the protection of the privacy of personal data of Europeans, after the Court of Justice of the EU struck down the preceding agreement, includes provisions for written assurances from the US on limitations of access to such data and a US ombudsman who will review alleged cases of data misuse.
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Official Warns EU on "Unfairly" Targeting US Companies
February 03, 2016
The Guardian reports that US Treasury official Robert Stack has voiced concerns that EU competition authorities are unfairly and disproportionately targeting US companies in their drive to recoup taxes they say should have been paid to EU member states.
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Bank Analysis: UK Would Be "Safe Haven" After EU Exit
February 03, 2016
Countering warnings from some politicians and business leaders that a British exit from the EU would lead to the flight of corporations and finance from the UK, analysis from the bank Barclays argues that such an exit could eventually trigger the disintegration of the EU and ramp up investment in relatively safe Britain.
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