May 2020. EU Coronavirus Bailout Plan

May 2020. A One Trillion Euro Bailout Package for the European Union to help cope with the fallout from the coronavirus pandemic would be a game-changer for the bloc, an analyst told Euronews. Guntram Wolff, director of the European think tank, Bruegel, said that the financial package currently being debated in Brussels would be “a… Continue reading May 2020. EU Coronavirus Bailout Plan

Brexit Part 9

The United Kingdom and the European Union showed little sign of progress towards a deal on their post-Brexit relationship this week, failing to bridge differences over future competition and EU fishing access to British waters. The EU’s chief negotiator Michel Barnier told a news conference on Friday that the UK had set a tight deadline… Continue reading Brexit Part 9

Brexit Part 8

The EU also wants the negotiations to “be conducted in a way that ensures parallelism among the various sectoral tracks of the negotiation.” This means that it will be looking to address different areas at the same time. The UK government also said Thursday that it will be looking to address all areas in parallel.… Continue reading Brexit Part 8

Brexit Part 7

UK Prime Minister Boris Johnson wants a Canada-style agreement with zero tariffs. This refers to a trade deal that the European Union negotiated with Canada over seven years and concluded in 2014 – although it is yet to be fully ratified by national parliaments in Europe. The deal, named CETA, got rid of most of… Continue reading Brexit Part 7

Brexit Part 6

The EU and the UK are starting their first post-Brexit trade talks on Monday, in what European ministers are expecting to be “complicated” negotiations. The United Kingdom left the European Union on January 31, but it is still subject to European law and rules at least until the end of the year, when the so-called… Continue reading Brexit Part 6

Brexit Part 5

There are many divergences and they are very serious divergences, which is probably quite natural after a first round of negotiations,” Michel Barnier, the EU’s Brexit chief, told reporters. The differences revolve around competition rules, fisheries and future oversight of the U.K.-EU relationship, Barnier explained. However, Barnier also told reporters that a trade deal is… Continue reading Brexit Part 5

Brexit Part 4

There are “serious” divergences between the U.K. and the EU regarding the new trade deal that is due to be implemented by the end of the year, the European Union’s chief negotiator said Thursday. Officials from Brussels and Westminster had their first post-Brexit discussions this week in the Belgian capital. Their aim is to establish… Continue reading Brexit Part 4

Brexit Part 3

Tory MP John Redwood insisted the UK farming and agriculture industry would thrive after a new post-Brexit trade deal was agreed with Brussels. Mr Redwood claimed the UK was held back by EU policies. He added the UK would be able to produce more of its own food instead of importing once ties are fully… Continue reading Brexit Part 3

Brexit Part 2

The transition period is meant to give both sides some breathing space while a new free trade agreement is negotiated. This is needed because the UK will leave the single market and customs union at the end of the transition. A free trade agreement will allow goods to move around the EU without checks or… Continue reading Brexit Part 2