• The CMU initiative: Is a hard Brexit really an option?

    The CMU initiative: Is a hard Brexit really an option?0

    With Brexit approaching, the Capital Markets Union (CMU) initiative acquires greater importance for the EU financial system. Faced with the looming threat of losing its pivotal financial centre and the risks it will entail, the European Commission counts on the CMU to reinforce the EU financial market. At the same time, bilateral financial relationships are too close and intertwined to imagine that a hard Brexit will provoke no harm and negotiators, being aware of the risks, make their moves carefully.

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  • Selmayrgate: The European Commission’s House of Cards

    Selmayrgate: The European Commission’s House of Cards0

    The high-speed double promotion of Martin Selmayr from European Commission President Jean-Claude Juncker’s Head of Cabinet to secretary-general of the European Commission hardly went unnoticed. Selmayr succeeded the former secretary-general, Alexander Italianer, as the head of a workforce of 33,000 Commission civil servants in a matter of minutes. It wasn’t long before shots started getting fired from different directions.

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  • A troubled journey ahead: Theresa May’s trade bill

    A troubled journey ahead: Theresa May’s trade bill0

    The House of Commons is currently reviewing a package of laws, introduced over the last year by Theresa May’s government, which will have a major impact on the post-Brexit future of the United Kingdom. The European Union, the Taxation and the Trade bills will implement the legal framework for exiting the European Union. Trade is one of the key issues the UK is facing – as it leaves the European Union, it will lose the benefits of over 40 trade agreements which account for almost 25% of UK’s exports outside of the EU. This law will ensure the transition out of the European common commercial policy and should minimize the impact of Brexit on UK’s economy. However, the government’s project is inherently flawed and is facing resistance as it passes through the legislative process.

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