– The Commission can start borrowing for the Next Generation EU development plan, as all 27 EU countries have ratified the necessary decisions. The total amount is 750 billion euros in 2018 prices – or a good 800 billion euros after adjusting for inflation. The money is raised in the capital markets. Some of the … Read more
– Fish and Chips The British national dish could become expensive after negotiations with Norway over catch quotas fell through. – (Photo: dpa) – – – – London For the time being, “Fish and Chips” are only available to the British as imported goods. In the United Kingdom, many representatives from the fishing industry vented … Read more
View of Frankfurt at sunrise Several major foreign banks have chosen the Main metropolis as a hub for their European business. – (Photo: REUTERS) – – – – Frankfurt Two weeks after the completion of Brexit, an initial conclusion can be drawn for Germany as a financial center: According to the Federal Ministry of Finance, … Read more
– The author Philipp Heimberger is an economist at the Vienna Institute for International Economic Studies and at the Institute for Overall Analysis of the Economy, Linz. – – – – – In the last months of 2020, the EU issued its first Covid-related bonds. The money raised by the EU Commission on the financial … Read more
– Düsseldorf Saying goodbye to two longstanding partners results in three big question marks: This is an equation that sums up Brexit. Our London correspondent Carsten Volkery explains this equation with its many unknowns in an interview. Because although the deal has finally been decided after four years, there are still concerns and uncertainties about … Read more
– Minis in Southampton The trade in cars and auto parts between the UK and the EU remains duty free. – (Foto: Bloomberg) – – – – London The free trade agreement between Great Britain and the EU has around 1500 pages including attachments. British Prime Minister Boris Johnson quipped in a video on Christmas Eve … Read more
– Chancellor Angela Merkel and Hungary’s Prime Minister Viktor Orban at the EU summit in October “The Chancellor apparently no longer has the strength to change the mind of the Hungarian Prime Minister Viktor Orban,” fears MEP Rasmus Andresen. – (Photo: dpa) – – – – Brussels The EU summit of heads of state and … Read more
– Boris Johnson The British Prime Minister continues to reject EU demands for fair competition. – (Photo: REUTERS) – – – – The Brexit negotiations are increasingly becoming a farce. On Friday evening, chief negotiators Michel Barnier and David Frost announced a break in free trade talks because they were stuck. Once again, their bosses, … Read more
– After a phone call between EU Commission chief Ursula von der Leyen and British Prime Minister Boris Johnson, both sides announced on Saturday evening that they wanted to continue talks on a trade agreement despite major differences. Without an agreement, at the end of the Brexit transition phase at the end of the year … Read more
– Specifically, Italy initially received 10 billion euros, the first tranche of a committed sum of 27.4 billion. Spain initially received 6 out of 21.3 billion and Poland received 1 billion out of 11.2 billion. A total of 87.9 billion euros has been agreed to be paid out to 17 countries under Sure. The lid … Read more