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Haydn W

ECB's Draghi says euro zone must 'complete' monetary union | Reuters - 0 views

www.reuters.com/...b-draghi-idUSKBN0K90IW20141231

Reuters EU ECB Monetary Union

shared by Haydn W on 19 Jan 15 - No Cached
  • ECB's Draghi says euro zone must 'complete' monetary union
  • (Reuters) - Euro zone countries must "complete" their monetary union by integrating economic policies further and working towards a capital markets union, European Central Bank President Mario Draghi said.
  • Draghi said structural reforms were needed to "ensure that each country is better off permanently belonging to the euro area".
  • ...3 more annotations...
  • He said the lack of reforms "raises the threat of an exit (from the euro) whose consequences would ultimately hit all members"
  • He said an economic union would make markets more confident about future growth prospects -- essential for reducing high debt levels -- and so less likely to react negatively to setbacks such as a temporary increase in budget deficits.
  • Unifying capital markets to follow this year's banking union would also make the bloc more resilient.
  • Haydn W on 19 Jan 15
     
    This article, from news agency Reuters, outlines Mario Draghi's, head of the European Central Bank (ECB), statement in Italy this week, regarding the Eurozone, a form of monetary integration. Draghi outlined the need for European countries to complete the monetary union and integrate policy to avert another crash. 
Clemence Lafeuille

Monetary Union Works Because Europe Is Already Integrated - 0 views

www.huffingtonpost.com/...ry-union-europe_b_6430854.html

terms of trade monetary union central bank european union

shared by Clemence Lafeuille on 18 Jan 15 - No Cached
  • Daniel Soto Aggard on 18 Jan 15
     
    The monetary union of the Euro zone has been heavily criticized as only a place that shares one thing: its currency. It has been judged however they have incorrect, due to the integration of the countries' economies.
  • Clemence Lafeuille on 22 Jan 15
     
    This article really looks into how a monetary union can work when it is so divided, and it goes on to say that the political ties are what enables it to thrive without major disturbances. It also mentions how important these ties are for the central bank and monetary policy of the bloc to work
Mariam P

Stability and prosperity in Monetary Union - 0 views

www.euractiv.com/...osperity-monetary-union-311040

Monetary Union

shared by Mariam P on 18 Jan 15 - No Cached
  • Mariam P on 18 Jan 15
     
    This article illustrates the opinion of the European Central Bank's President - Mario Draghi. He talks about euro's fluctuation these days and how it is connected with monetary union.
Amanda Anna G

Ukraine, EU to Launch Free Trade Zone if Russia Violates Brussels Agreements | Politics... - 1 views

en.ria.ru/...-Russia-Violates-Brussels.html

free-trade

shared by Amanda Anna G on 14 Oct 14 - No Cached
  • KIEV, October 14 (RIA Novosti) - Kiev and Brussels will launch a free trade zone if Russia violates the Brussels agreements on implementation of the Ukraine–European Union Association Agreement, the acting Ukrainian economic development and trade minister said Tuesday.
  • Earlier, the Russian side also said it would have to introduce measures to protect its market should Kiev or Brussels begin openly or secretly implementing the economic part of the Association Agreement, thus breaking the agreements reached in Brussels mid-September.
  • Amanda Anna G on 14 Oct 14
     
    This article is about free trade, as Kiev and Brussels will launch a free trade zone, only if Russia violated the Brussels agreements on implementation of the Ukraine- European Union Association Agreement. 
Clemence Lafeuille

East African trade bloc approves monetary union deal - 0 views

www.reuters.com/...aryunion-idUSBRE9AT08O20131130

trade bloc monetary union EAC

shared by Clemence Lafeuille on 19 Jan 15 - No Cached
  • Clemence Lafeuille on 20 Jan 15
     
    This article discusses the possibility of a further step in the trade liberalisation of East Africa. The EAC (already a common market) now wants to go further and create an economic and monetary union within 10 years. This would greatly help the trading in that region.
Haydn W

BBC News - US and EU 'make progress' in free trade area talks - 2 views

www.bbc.co.uk/...business-29482892

BBC EU USA Free Trade

shared by Haydn W on 21 Oct 14 - No Cached
  • US and EU 'make progress' in free trade area talks
  • Officials from the United States and the European Union say they have made progress as they seek to sweep away trade barriers.
  • If successful an agreement would create the world's biggest free trade zone.
  • ...8 more annotations...
  • The planned agreement is known as the Trans-Atlantic Trade and Investment Partnership or TTIP.
  • Mullaney said they have "progressed from discussing general approaches to the spadework of reviewing the many proposals that each side has put on the table."
  • They are trying to do that by eliminating tariffs (taxes on imported goods) and removing what Mr Mullaney called "non-tariff obstacles".
  • But while trade officials get on with detail, some of the general principles continue to generate vocal opposition.
  • Perhaps the most controversial area is the provision for foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company's interests.
  • he opposition to this idea has been taken up by the German government, so it remains uncertain whether it would appear in any final agreement.
  • Other critics are concerned that an agreement will drive down standards of consumer protection and food safety and will cost jobs.
  • They also complain that the texts that negotiators are working on are not made public.
  • Haydn W on 21 Oct 14
     
    Talks are taking place between the EU and the USA to create the worlds biggest free trade area. In many goods the US is seen to have an absolute advantage in producing many goods but they also rely on European countries to provide many components to US businesses. This trade deal, although opposed by Unions and other activitists is seen by many to be vastly beneficial to the two parties.
Haydn W

EU, China Reach Tentative Deal to End Telecom Equipment Tariff Threat - WSJ - 3 views

online.wsj.com/...pment-tariff-threat-1412870909

Wall Street Journal Tariff China EU

shared by Haydn W on 28 Oct 14 - No Cached
  • The European Union and China have reached a tentative deal that will end the threat of punitive import tariffs on Chinese telecommunications equipment makers
  • Chinese Minister of Commerce Gao Hucheng and the EU Trade Commissioner Karel De Gucht are expected to meet in Brussels on Oct. 18 after the Asia-Europe summit meeting in Milan to complete the agreement, an EU official said.
  • The agreement would sweep away the cloud of tariffs that has been hanging in particular over Huawei, which has become a major supplier of equipment to European telecommunications companies.
  • ...4 more annotations...
  • The European Commission, the EU’s executive arm, in 2013 said it was ready to start investigations into imports of mobile telecommunications equipment made by Huawei and ZTE, claiming the two companies received unfair subsidies from the Chinese government and were “dumping” their products onto the EU market at rock-bottom prices.
  • The agreement will create an entity to review the market-share of Chinese equipment manufacturers in the EU and European companies
  • China has also committed to further discussions on the hefty loans and loan guarantees that the government gives to Huawei and ZTE to finance their exports, mostly to the developing world, the official said.
  • That represents a modest victory for the EU in an area that is highly sensitive for the Chinese government.
  • Haydn W on 28 Oct 14
     
    The European Union have reached an agreement with China to end the threat of EU tariffs on Chinese telecommunications equipment. The tariff was going to be imposed as a form of protectionism to protect the European manufactures Ericsson, Nokia and Alcatel against the Chinese firms Huawei and ZTE. The Chinese firms are able to produce equipment cheaper than the European firms, due to more abundant natural resources, but also, crucially through subsidies from the Beijing government. The deal reached on October 9th, sees the Chinese companies granted a share of the market, but not access to it fully, as this is reserved for the European firms, to protect EU economic growth in such a tempestuous time, showing that, forms of protectionism still exist in the market, despite this agreement.
Amanda Anna G

MyRecordJournal.com | Meriden, CT | Moscow-led trade bloc begins in troubled times - 0 views

www.myrecordjournal.com/...-begins-in-troubled-times.html

trade-bloc

shared by Amanda Anna G on 07 Jan 15 - No Cached
  • Moscow-led trade bloc begins in troubled times
  • MOSCOW — The Eurasian Economic Union, a trade bloc of former Soviet states, expanded to four nations Friday when Armenia formally joined, a day after the union between Russia, Belarus and Kazakhstan began. The Russian-dominated bloc has been politically controversial and its early days are being overshadowed by the sharp deterioration of Russia’s economy in recent months.
  • Amanda Anna G on 07 Jan 15
     
    This article is about the Russian-dominating bloc, and how it affects trade and economies. 
Mariam P

EU, Singapore wrap up free-trade talks - 0 views

www.msn.com/...ar-BB9Er47

free trade

shared by Mariam P on 20 Oct 14 - No Cached
  • Mariam P on 20 Oct 14
     
    This article is about a free-trade agreement between European Union and Singapore. The two sides reported that even the controversial chapter on investment protection had been sorted out.
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