Warning to UK that EU will not hesitate to act if Brexit deal is breached

The European Union’s top official warned that the Brexit trade deal has “real teeth” and Brussels will not hesitate to take action if Boris Johnson breaches its terms. European Commission president Ursula von der Leyen said she hoped the EU … Read More

Brexit: disorganized on crime

As an antidote to the trivia which infests the legacy media, it was almost a relief yesterday to see a serious piece in the Guardian website for publication today in the Observer. Headlined, “Colombia’s cartels target Europe with cocaine, corruption, and torture”, it … Read More

MEPs stall EU-UK trade deal ratification — again

posted in: European Union, News

European Parliament leaders had been expected to announce that the deal would finally be ratified in late April. Leading MEPs on Tuesday once again refused to set a date to ratify the EU-U.K. post-Brexit trade deal, saying they would wait until … Read More

UK has lost up to 7,000 financial services jobs due to Brexit, BoE says

LONDON (Reuters) – Britain has lost between 5,000 and 7,000 financial services jobs so far as a result of Brexit, less than some forecasters had originally feared, Bank of England Governor Andrew Bailey said on Wednesday. “That of course is … Read More

Major reset of EU-UK relations being considered by EU

It is understood very tentative discussions have been underway at a senior level between officials in Brussels and London Senior EU figures are contemplating a major reset in relations with the UK that would coincide with the formal ratification of … Read More

Brexit capital gains: Will Europe’s financial hubs steal London’s crown now the UK has quit the EU?

A computer screen shows news about the Brexit as a broker watches his screens at the stock market in Frankfurt, Germany, Wednesday, Jan. 16, 2019.   –   Copyright  AP Photo/Michael Probst The post-Brexit fallout came faster than many had expected. On January 4, … Read More

EU threat to close the Irish border gives fuel to those who want to see the Brexit deal scrapped altogether

posted in: European Union, News

Northern Irish unionists and Tory Brexiteers have long wanted to see the deal rewritten because it puts a customs border in the Irish Sea. Arlene Foster wants the Northern Ireland protocol to be scrapped (Photo: Reuters) The EU’s threat to override … Read More

Will Brexit Be a Barrier for Retooling the Economy?

Britain’s problem is low productivity. EU membership could have helped. The ghost haunting the British economy is low productivity. A study covering 2007–2016 shows a productivity growth per year of 0.1 percent, below Germany, France, and Spain and at par with … Read More

EU-China Investment Agreement Casts Europe As A Great Power – OpEd

As in many other respects, 2020 was a very turbulent year in the context of great power rivalry and transatlantic relations. The most striking examples in this context were the COVID-19 pandemic, US-China great power rivalry, and the end of … Read More

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