Pioneer investors are bringing globalization in the Arctic, in exchange for natural resources and strategic outposts. Is it worth the money?
READ MOREAfter much debate, the European Commission chose to initiate the infamous ‘Article 7 procedure’ against Poland in December 2017. As the name already implies, this procedure is established in article 7 of the Treaty of the European Union (TEU) and designed to be able to take action against member states that risk breaching EU values.
READ MORETrade facilitation enhances environmental degradation, and this has to be addressed by policy makers. The noxious impact of trade on the environment is undeniable: it generates pollution through transportation (one of the most harmful economic sectors) and by fostering large-scale production for greater growth.
READ MOREWith 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.
READ MOREThe 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.
READ MOREThe 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.
READ MORE