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EU Agrees to "Ringfence" UK Funds from Greek Debt Risks
July 17, 2015
According to UK Chancellor of the Exchequer George Osborne, the European Commission has chosen to proceed with using the European Financial Stability Mechanism for a Greek debt bailout but will place an "impregnable ringfence" around the funds of non-eurozone countries, like the UK, in order to protect them from risk in case of default.
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Report Spotlights High Unemployment in EU Countries
July 17, 2015
A report published by the think tank Civitas indicates that EU member countries have experienced higher unemployment rates over the past two decades than similar market economies both inside and outside Europe.
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UK Sees Surge of EU Migrants Born in Non-EU Countries
July 16, 2015
A new report cited by The Telegraph shows a surge over the past ten years in migrants to the UK who were born outside of the EU, gained EU citizenship in another country, and then entered Britain under EU freedom of movement rules.
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EU Seeks Binding Rules on Capital Markets Union
July 15, 2015
Reuters reports that European Commission officials are planning to propose binding rules on EU member states in order to hasten the process of forming a "capital markets union," which they say would facilitate the raising of money from financial markets.
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ECJ Rejects German Appeal over Toy Toxin Limits
July 15, 2015
The Court of Justice of the EU ("ECJ") has rejected a German challenge seeking to preserve the country's limits, which are more stringent than those of the EU, on antimony, arsenic, and mercury levels in toys.
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