<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>European Banking Authority - Garner Ted Armstrong Evangelistic Association</title>
	<atom:link href="https://www.garnertedarmstrong.org/tag/european-banking-authority/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.garnertedarmstrong.org</link>
	<description>Let No Man Take Your Crown</description>
	<lastBuildDate>Tue, 31 Jul 2018 05:05:57 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	

<image>
	<url>https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png</url>
	<title>European Banking Authority - Garner Ted Armstrong Evangelistic Association</title>
	<link>https://www.garnertedarmstrong.org</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Food shortages? Grounded flights? These could be the consequences of a messy Brexit</title>
		<link>https://www.garnertedarmstrong.org/food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit</link>
		
		<dc:creator><![CDATA[Ivana Kottasová - Erie News Now]]></dc:creator>
		<pubDate>Mon, 30 Jul 2018 04:47:03 +0000</pubDate>
				<category><![CDATA[European Union]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Brexit]]></category>
		<category><![CDATA[British Retail Consortium]]></category>
		<category><![CDATA[Confederation of British Industry]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[European Banking Authority]]></category>
		<category><![CDATA[European Union (EU)]]></category>
		<category><![CDATA[Food shortages]]></category>
		<guid isPermaLink="false">http://www.garnertedarmstrong.org/?p=6645</guid>

					<description><![CDATA[<p>Would a messy Brexit cause food shortages? Or planes to be grounded? Would car plants fall silent? With just eight months to go before Brexit, the UK government is fighting off accusations that it&#8217;s not doing enough to prepare for &#8230; <a class="kt-excerpt-readmore" href="https://www.garnertedarmstrong.org/food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit/" aria-label="Food shortages? Grounded flights? These could be the consequences of a messy Brexit">Read More</a></p>
<p>The post <a href="https://www.garnertedarmstrong.org/food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit/">Food shortages? Grounded flights? These could be the consequences of a messy Brexit</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>Would a messy Brexit cause food shortages? Or planes to be grounded? Would car plants fall silent?</p>
<p><img decoding="async" src="http://cnnwire.images.worldnow.com/images/17307403_G.jpg?auto=webp&amp;disable=upscale&amp;height=560&amp;fit=bounds&amp;lastEditedDate=1532993417000" alt="With just eight months to go before Brexit, the UK government is fighting off accusations that it's not doing enough to prepare for a scenario where Britain crashes out of the European Union without a deal." /><br />
With just eight months to go before Brexit, the UK government is fighting off accusations that it&#8217;s not doing enough to prepare for a scenario where Britain crashes out of the European Union without a deal.</p>
<div class="Article-paragraph">
<p>LONDON (CNNMoney) &#8212; Would a messy Brexit cause food shortages? Or planes to be grounded? Would car plants fall silent?</p>
</div>
<div class="Article-paragraph">
<p>With just eight months to go before Brexit, the UK government is fighting off accusations that it&#8217;s not doing enough to prepare for a scenario where Britain crashes out of the European Union without a deal.</p>
</div>
<div class="Article-paragraph">
<p>The latest battle is over potential food shortages, and whether the government or private sector should be stockpiling supplies to protect against border delays.</p>
</div>
<div class="Article-paragraph">
<p>Britain imports half its food from abroad, and industry groups have warned that new tariffs and customs delays could lead to empty shelves and soaring prices.</p>
</div>
<div class="Article-paragraph">
<p>&#8220;While we would not run out of food and drink in this scenario, there would be potential for serious disruption to supplies and this would have implications for product availability and consumer choice,&#8221; said a spokesperson for the Food and Drink Federation.</p>
<div class="Article-paragraph">
<p>The slow pace of negotiations has heightened fears in recent weeks that Britain may leave the European Union in March 2019 without a transition deal to keep it temporarily in the bloc&#8217;s single market and customs union.</p>
</div>
<div class="Article-paragraph">
<p>Those arrangements allow the European Union&#8217;s 28 member states to function as a single trading area with no tariffs or border checks, and companies in the United Kingdom have come to rely on their benefits.</p>
</div>
<div class="Article-paragraph">
<p>Automakers, grocers and retailers have warned of dire consequences if they&#8217;re not able to receive the &#8220;just in time&#8221; deliveries that underpin their supply chains.</p>
</div>
<div class="Article-paragraph">
<p>&#8220;Retailers do not have the facilities to house stockpiled goods and in the case of fresh produce it is simply not possible to do so,&#8221; the British Retail Consortium said in a statement.</p>
</div>
<div class="Article-paragraph">
<p>With the clock ticking down, the UK government has said it will issue a series of notices to businesses and citizens in August and September on how to prepare for a messy divorce from the European Union.</p>
<div class="Article-paragraph">
<p>Companies still don&#8217;t know whether they&#8217;ll face new regulations, tariffs or customs checks. It&#8217;s also unclear if they&#8217;ll be able to move staff between the European Union and the United Kingdom, or be forced to pay new taxes.</p>
</div>
<div class="Article-paragraph">
<p>Businesses and industry groups have warned of dire consequences if a deal is not struck.</p>
</div>
<div class="Article-paragraph">
<p>Jaguar Land Rover, the largest automaker in the United Kingdom, has said that crashing out of the European Union would wipe out more than £1.2 billion ($1.6 billion) of the its profit a year. Its CEO warned that £80 billion ($105 billion) of investment is at risk.</p>
</div>
<div class="Article-paragraph">
<p>The Confederation of British Industry has said the country&#8217;s car industry is facing &#8220;extinction.&#8221;</p>
</div>
<div class="Article-paragraph">
<p>European planemaker Airbus said in June that a messy Brexit would be &#8220;catastrophic,&#8221; throwing its production into chaos and threatening its future in Britain. The company makes wings for all its commercial aircraft in the United Kingdom, employing 15,000 people.</p>
<div class="Article-paragraph">
<p>The pain would extend far beyond manufacturing.</p>
</div>
<div class="Article-paragraph">
<p>No deal would mean that key trade, regulatory and legal agreements that underpin Britain&#8217;s economy would be invalidated.</p>
</div>
<div class="Article-paragraph">
<p>Britain is signatory to international aviation agreements via the European Union that allow flights to operate in and out of the country. Thousands of flights in and out of Britain could be grounded if the agreements are no longer valid.</p>
</div>
<div class="Article-paragraph">
<p>If the United Kingdom loses access to the EU nuclear safeguard system, operators could have trouble importing parts for their aging reactors. The country would need to quickly negotiate new nuclear agreements and establish domestic oversight to comply with international nuclear rules.</p>
</div>
<div class="Article-paragraph">
<p>Bankers say a messy Brexit could throw the legal status of financial products priced in euros into doubt, and undermine London&#8217;s status as a top financial center.</p>
<div class="Article-paragraph">
<p>Banks and other companies in the financial services sector have started moving parts of their operations out of the United Kingdom in order to safeguard their businesses. Deutsche Bank confirmed Monday that it has moved &#8220;a large part&#8221; of its euro clearing activity from London to Frankfurt.</p>
</div>
<div class="Article-paragraph">
<p>Many financial services companies in the United Kingdom have applied for licenses that will allow them to continue doing business in the European Union.</p>
</div>
<div class="Article-paragraph">
<p>The European Banking Authority warned in June that preparations for no deal &#8220;inadequate.&#8221;</p>
</div>
<div class="Article-paragraph">
<p>&#8212; Mahatir Pasha contributed reporting.</p>
<hr />
</div>
</div>
</div>
</div>
</div>
<p>Source: <a href="http://www.erienewsnow.com/story/38767061/food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit" target="_blank" rel="noopener">http://www.erienewsnow.com/story/38767061/food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit</a></p>
[<a href="https://www.garnertedarmstrong.org/news/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>]<p>The post <a href="https://www.garnertedarmstrong.org/food-shortages-grounded-flights-these-could-be-the-consequences-of-a-messy-brexit/">Food shortages? Grounded flights? These could be the consequences of a messy Brexit</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>EU warns of impact of Brexit on rest of Europe</title>
		<link>https://www.garnertedarmstrong.org/eu-warns-of-impact-of-brexit-on-rest-of-europe/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=eu-warns-of-impact-of-brexit-on-rest-of-europe</link>
		
		<dc:creator><![CDATA[EU Business]]></dc:creator>
		<pubDate>Thu, 19 Jul 2018 21:11:08 +0000</pubDate>
				<category><![CDATA[European Union]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Article 50 (EC)]]></category>
		<category><![CDATA[Brexit]]></category>
		<category><![CDATA[EU Commission (EUC)]]></category>
		<category><![CDATA[European Banking Authority]]></category>
		<category><![CDATA[European Council (EC)]]></category>
		<category><![CDATA[European Medicines Agency]]></category>
		<category><![CDATA[European Union (EU)]]></category>
		<category><![CDATA[Galileo Security Monitoring Centre]]></category>
		<category><![CDATA[United Kingdom (UK)]]></category>
		<guid isPermaLink="false">http://www.garnertedarmstrong.org/?p=6483</guid>

					<description><![CDATA[<p>(BRUSSELS) &#8211; The EU Commission warned Thursday of the repercussions of Brexit for citizens and businesses in both the United Kingdom and the EU, as it prepares for all outcomes of the United Kingdom&#8217;s exit from the EU. As the EU&#8217;s &#8230; <a class="kt-excerpt-readmore" href="https://www.garnertedarmstrong.org/eu-warns-of-impact-of-brexit-on-rest-of-europe/" aria-label="EU warns of impact of Brexit on rest of Europe">Read More</a></p>
<p>The post <a href="https://www.garnertedarmstrong.org/eu-warns-of-impact-of-brexit-on-rest-of-europe/">EU warns of impact of Brexit on rest of Europe</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.eubusiness.com/news-eu/brexit-impact.19hc/image_mini" alt="EU warns of impact of Brexit on rest of Europe" /><br />
<em>(BRUSSELS) </em>&#8211; The EU Commission warned Thursday of the repercussions of Brexit for citizens and businesses in both the United Kingdom and the EU, as it prepares for all outcomes of the United Kingdom&#8217;s exit from the EU.</p>
<p>As the EU&#8217;s chief Brexit negotiator Michel Barnier welcomed the UK&#8217;s new Secretary of State for Exiting the European Union Dominic RAAB to the Commission, the EU executive issued a Communication outlining the impact on the rest of the EU if the United Kingdom leaves the EU and becomes a third country on 30 March 2019.</p>
<p>There is no certainty that there will be a ratified withdrawal agreement in place on that date, or indeed what it will entail, and the Commission says it has been working hard to try to ensure that the EU institutions, Member States and private parties are prepared for the UK&#8217;s withdrawal.</p>
<p>Repercussions range from new controls at the EU&#8217;s outer border with the UK, to the validity of UK-issued licences, certificates and authorisations and to different rules for data transfers.</p>
<p>The EU executive&#8217;s Communication, which follows a request by the European Council (Article 50) last month to intensify preparedness at all levels and for all outcomes, calls on Member States, and private parties, to step up their preparations.</p>
<p>While the EU is working to ensure an orderly withdrawal, the Commission makes clear that the UK&#8217;s withdrawal will undoubtedly cause disruption – for example in business supply chains – whether or not there is a deal.</p>
<p>It also makes clear that, even if an agreement is reached, the UK will no longer be a Member State after withdrawal and will no longer enjoy the same benefits as a member. Therefore, it says, preparing for the UK becoming a third country is of paramount importance, even in the case of a deal between the EU and the UK.</p>
<p>The Commission says that everyone &#8211; including economic operators and other private parties – must now step up &#8216;preparations for all scenarios and take responsibility for their specific situation&#8217;.</p>
<p>Stakeholders, as well as national and EU authorities, need to prepare for two possible main scenarios:</p>
<ul>
<li>If the Withdrawal Agreement is ratified before 30 March 2019, EU law will cease to apply to and in the UK on 1 January 2021, i.e. after a transition period of 21 months.</li>
<li>If the Withdrawal Agreement is not ratified before 30 March 2019, there will be no transition period and EU law will cease to apply to and in the UK as of 30 March 2019. This is referred to as the &#8220;no deal&#8221; or &#8220;cliff-edge&#8221; scenario.</li>
</ul>
<p>Over the past year, the Commission has screened the entire Union &#8216;acquis&#8217; (body of EU law) to examine whether any changes are needed in light of the UK&#8217;s withdrawal. To that effect, the Commission has adopted (and will adopt whenever necessary) specific, targeted legislative proposals to ensure that EU rules continue to function smoothly in a Union of 27 after the UK&#8217;s withdrawal.</p>
<p>The Commission has also published over 60 sector-specific preparedness notices to inform the public about the consequences of the UK&#8217;s withdrawal in the absence of any withdrawal agreement. Finally, by 30 March 2019 the two London-based agencies – the European Medicines Agency and the European Banking Authority – as well as other UK-based bodies, like the Galileo Security Monitoring Centre, will be leaving the UK and a number of tasks performed by UK authorities will also have to be reassigned away from the UK.</p>
<hr />
<p>Source: <a href="https://www.eubusiness.com/news-eu/brexit-impact.19hc" target="_blank" rel="noopener">https://www.eubusiness.com/news-eu/brexit-impact.19hc</a></p>
[<a href="https://www.garnertedarmstrong.org/news/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>]<p>The post <a href="https://www.garnertedarmstrong.org/eu-warns-of-impact-of-brexit-on-rest-of-europe/">EU warns of impact of Brexit on rest of Europe</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>MERKEL LOSING GRIP: Germany more DIVIDED than ever before in threat to EU integration</title>
		<link>https://www.garnertedarmstrong.org/merkel-losing-grip-germany-divided-ever-threat-eu-integration/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=merkel-losing-grip-germany-divided-ever-threat-eu-integration</link>
		
		<dc:creator><![CDATA[Rebecca Perring]]></dc:creator>
		<pubDate>Thu, 30 Nov 2017 19:02:50 +0000</pubDate>
				<category><![CDATA[Germany]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Angela Merkel]]></category>
		<category><![CDATA[Brexit]]></category>
		<category><![CDATA[Christian Schmidt]]></category>
		<category><![CDATA[European Banking Authority]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Free Democrats (FDP)]]></category>
		<category><![CDATA[Nicolas Hulot]]></category>
		<category><![CDATA[Sigmar Gabriel]]></category>
		<category><![CDATA[Social Democrats (SPD)]]></category>
		<guid isPermaLink="false">http://www.garnertedarmstrong.org/?p=3074</guid>

					<description><![CDATA[<p>Theresa May: MPs must &#8216;come together&#8217; to deliver Brexit The German Chancellor is already suffering from a damaged ego over a failure to form a coalition following September’s embarrassing election defeat. And now Angela Merkel is struggling to maintain grip &#8230; <a class="kt-excerpt-readmore" href="https://www.garnertedarmstrong.org/merkel-losing-grip-germany-divided-ever-threat-eu-integration/" aria-label="MERKEL LOSING GRIP: Germany more DIVIDED than ever before in threat to EU integration">Read More</a></p>
<p>The post <a href="https://www.garnertedarmstrong.org/merkel-losing-grip-germany-divided-ever-threat-eu-integration/">MERKEL LOSING GRIP: Germany more DIVIDED than ever before in threat to EU integration</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>Theresa May: MPs must &#8216;come together&#8217; to deliver Brexit</p>
<p>The German Chancellor is already suffering from a damaged ego over a failure to form a coalition following September’s embarrassing election defeat.</p>
<p>And now Angela Merkel is struggling to maintain grip over her own party members from the Christian Democratic Union as the EU looks to its wealthiest country for leadership on governance reform within the bloc.</p>
<p>Fears were raised after German Agriculture Minister Christian Schmidt went against Mrs Merkel to vote in favour of a five-year extension for glyphosate, a controversial weedkiller, without consulting the chancellor.</p>
<p>It was also against objections of the Social Democrats (SPD) &#8211; who Mrs Merkel desperately hopes she can form a coalition with.</p>
<p>The controversial move shocked Brussels and even raised raised eyebrows among Germany’s counterparts, including the French Agriculture Minister Nicolas Hulot, who told politics news site Politico he was shocked that Germany “was not more solid”.</p>
<p>Reacting to the news, Mrs Merkel said: &#8220;As for the vote of the agriculture ministry yesterday on glyphosate, this did not comply with the instructions worked out by the federal government.&#8221;</p>
<p>Mrs Merkel has turned to the SPD after she failed to form a three-way coalition with the pro-business Free Democrats (FDP) and the ecologist Greens.</p>
<p>And in another sign of her diminishing power, Michael Roth, a Social Democrat state secretary in the foreign ministry, voted against orders to back Dublin if Frankfurt’s bid failed in a vote over the future location of the European Banking Authority.</p>
<p>Mr Roth had in fact backed Paris, which went on to claim victory.</p>
<p>EU members are now watching on nervously as their de facto leader struggles to regain control within her own country, long considered the economic powerhouse of the EU.</p>
<p>One Brussels official said: “If this becomes a precedent, it could affect any number of issues in the coming months.”</p>
<p>Discussions surrounding Brexit are also creating deep divides in Germany as Britain’s decision to leave creates cracks in the EU powerhouse.</p>
<p>While Mrs Merkel fully backs EU Brexit negotiator, Michel Barnier, Foreign Minister Sigmar Gabriel, a Social Democrat, has aligned himself more closely with the French.</p>
<p>It is believed French officials are beginning to become frustrated with Mrs Merkel’s reluctance to back Emmanuel Macron’s ambitious plans to reform.</p>
<p>And while the 39-year-old president ploughs ahead with his plans for further EU integration with the introduction of a Brussels army and shared defence budget, Mrs Merkel will attempt to form a government around a divided camp.</p>
<hr />
<p>Source: <a href="https://www.express.co.uk/news/world/886225/Angela-Merkel-Germany-German-elections-latest-EU-latest-news" target="_blank" rel="noopener">https://www.express.co.uk/news/world/886225/Angela-Merkel-Germany-German-elections-latest-EU-latest-news</a></p>
[<a href="https://www.garnertedarmstrong.org/news/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>]<p>The post <a href="https://www.garnertedarmstrong.org/merkel-losing-grip-germany-divided-ever-threat-eu-integration/">MERKEL LOSING GRIP: Germany more DIVIDED than ever before in threat to EU integration</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
