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Thursday, January 31, 2019

British Brexit Disaster: EU fears short article 50 extension will mean no-deal Brexit in June - by Daniel Boffey

EU officials fear Theresa May is setting the UK on course for a no-deal exit at the end of June because she will not have the political courage to ask for the longer Brexit delay they believe she needs.

Senior figures in Brussels have been war-gaming the likely next steps by the British government, and believe a delay to the UK’s exit date of 29 March is inevitable.

But they fear the prime minister’s strategy of seeking simply to survive from day to day will lead to her requesting an inadequate short three-month extension for fear of enraging Brexiters in the Conservative party.

EU officials and diplomats said the danger of the UK then crashing out in the summer was an underappreciated risk given that the escalation of no-deal planning and the cries of betrayal by Brexiters would give momentum to a cliff-edge Brexit.

On Thursday the British foreign secretary, Jeremy Hunt, became the first cabinet minister to admit that the two years of negotiations allowed under article 50 may have to be prolonged, describing the Brexit impasse as “a very challenging situation”.

EU sources suggested it was unlikely that the heads of state and government of the 27 member states would reject such a request given the pressure that would be applied from the business community.

On Thursday, Portugal’s foreign minister, Augusto Santos Silva, said he believed a delay would be the wisest course given May’s hopes of a renegotiation.

Read more: EU fears short article 50 extension will mean no-deal Brexit in June | Politics | The Guardian

Sunday, January 27, 2019

Britain- Brexit: For the poor, it’s not Europe that’s the problem. It’s austerity - by William Keegan

As the Brexit farce proceeds, it is worth remembering that before David Cameron made his catastrophic error of calling a referendum, the EU was way down the list of British people’s concerns in almost every opinion poll. Indeed, not even in the first 11.

The central point is that Brexit became the focus for all manner of discontents, many of them understandable. But leaving the EU would indubitably not be the answer to them, and would be guaranteed not to make the discontents into “glorious summer”.

Indeed, it would exacerbate the sources of this discontent. Why? Surely it is becoming increasingly obvious that growing swaths of British industry – much of it foreign-owned by conglomerates that enjoy the advantages of the single market – are cutting back their investment plans and in many cases planning to relocate to mainland Europe. The prospect of the diminution of the economic base of the country has dire implications not only for employment and living standards, but also for the tax base on which living standards depend.

We have spent 45 years becoming an integral region of Europe, creating an economic omelette that no one in their right mind would try to unscramble. Unfortunately there are a lot of not-so-right minds about, some of them in the cabinet, and we have the misfortune to have a prime minister who transmits but does not listen, and is fixated on a treacherous mission.

Read more: For the poor, it’s not Europe that’s the problem. It’s austerity | Business | The Guardian

Saturday, January 26, 2019

Thursday, January 24, 2019

Wednesday, January 23, 2019

Venezuela: EU working on joint Venezuela statement - by Ahmet Gurhan Kartal

EU member states are consulting on a joint reaction to the latest developments in Venezuela, a statement from French president’s office said Wednesday.

“France is consulting with its European partners about the situation in Venezuela, the president's office said on Wednesday as the South American country's opposition leader declared himself interim president,” read a statement from Emmanuel Macron’s office.

Spanish Foreign Minister Josep Borrel said a joint statement from the EU on the situation is important amid demands of the government from the right-wing opposition to recognize Juan Guaido as president
.
Some Venezuelans living in the Spanish capital of Madrid who celebrated the developments in a main square were joined by the leader of main opposition party, the People’s Party.

German Foreign Minister Heiko Mass also said a joint response is being worked on with EU partners.

"We call on all actors Venezuela in prudence and to refrain from violence," he said. “ [We] Will coordinate a joint response with our EU partners,” he said.

Britain’s Minister of State at the Foreign and Commonwealth Office, Alan Duncan said on Twitter he was “following the situation in Venezuela carefully’ and “Juan Guaido has widespread support among Venezuelans.”

He said: “The political crisis has gone on long enough. Now is the time to find a way forward that leads to a peaceful solution for all Venezuelans.”

Danish Foreign Minister Anders Samuelsen also took to the Twitter.

“New hope in Venezuela. Denmark will always support legitimate elected democratic institutions- not least the parliamentary assembly including Juan Guaido,” he said. “Working for a strong EU statement.”

Meanwhile, Guy Verhofstadt, the leader of the Alliance of Liberals and Democrats for Europe, urged the EU to recognize Guaido as president.

“The US, Canada & many crucial EU partners in Latin American have recognised @Jguaido as President of #Venezuela & the EU should do the same,” he said on Twitter.

“He is the only legitimately elected representative of the Venezuelan people & authorities must guarantee his fundamental rights & security,” Verhofstadt wrote.

U.S. President Donald Trump announced Wednesday that Washington would recognize opposition leader Guaido as interim president.

Venezuela’s President Nicolas Maduro has slammed the decision and said his country was cutting off diplomatic relations with the U.S., giving American diplomats 72 hours to leave the country.

Maduro made the announcement while speaking to supporters who gathered at the Presidential Palace in the capital of Caracas.

EU-Digest

Monday, January 21, 2019

Wealth disparity gap - Have and Have Nots : the world's wealthiest saw their fortunes increase by $2.5 billion a day in 2018

increase by $2.5 billion a day in 2018

World’s wealthiest saw their fortunes increase by $2.5 billion a day in 2018 says Oxfam -

Saturday, January 19, 2019

Hungary - EU Relations: New ‘tool’ to protect EU budget and uphold EU values

Member states jeopardizing the rule of law or failing to tackle fraud and corruption will risk losing EU funds, according to a draft law endorsed by MEPs of the European Parliament, according to the European Parliamentʼs official website.

Assisted by a panel of independent experts, the EU Commission would be tasked with establishing “generalized deficiencies as regards the rule of law” and decide on measures that could include suspending EU budget payments or reducing pre-financing.

The decision would only be implemented once approved by parliament and council. Once the member state remedies the deficits identified by the EU Commission, parliament and EU ministers could unlock the funds.

The plenary session endorsed the rules by 397 votes to 158, with 69 abstentions. MEPs are now ready to enter negotiations on the final wording of the regulation with EU ministers, who have not adopted their position yet, europarl.europa.eu says.

Read more: New ‘tool’ to protect EU budget and uphold EU values | The Budapest Business Journal on the web | bbj.hu

Wednesday, January 16, 2019

US Government Shutdown: hurting tourist industry - travel implications

Intl. tourists starting to avoid
 visiting US following Govt, shutdown
Not only in the US, but also in bordering countries, the multi million tourist industry is starting to hurt from the Trump Administration government shutdown.

In the Bahamas local business owners warily eye the Trump U.S. government shut down and any potential impact on the tourism industry, fearing a continuation that could lead to a drop in visitor arrivals to the Bahamas, as around 800,000 federal employees await pay.

With the shutdown entering its 26thth day and Friday marking the first missed pay period for these workers across the United States, planning future trips to The Bahamas will be the last thing on their minds.

Similar situations can be seen in Mexico and Canada, which usually attract a lot of US tourists throughout the year.

As the lock-down continues, travelers and tourists visiting the US  are also dwindling.

International Airlines around the world are advising their customers traveling to the U.S. that they arrive at airports at least three hours prior to their scheduled departure time, due to increased processing times and other delays and many tourists have cancelled plans to visit the US.

Airline pilots tell @RealDonaldTrump that the #shutdown is jeopardizing national security — air marshals, TSA, air traffic controllers and more.

The largest association of pilots in the US has also expressed concerns over the safety of the nation’s airspace which it said was being threatened due to the shutdown.

There has not been a blanket order yet to clos,  but National Parks across the US are struggling to remain open without funding to pay rangers. Without staff at the gates, parks are also losing a reported $400,000 a day in entry fees. Many campgrounds and walking trails have had to close due to a build-up of litter and other sanitation issues.

Bottom-line: at this point in time, international and local tourists probably should think twice before planning a trips to and in the US.
 

Tuesday, January 15, 2019

EU - Economy - EURO: 20th. Anniversary of the EURO - a success story

European parliament marks 20th anniversary of euro

Note Insure-Digest: A success story - 20 years EURO (€) currency. Remember those days before the EURO when driving by car from Holland to France, via Belgium and Germany, and having to exchange Dutch guilders to Belgian francs, German marks and French francs, paying the bank a percentage for each currency exchange they made, and also stopping at each border for custom controls. It is difficult to understand how some people want to go back to those "old days" before the EU and the € .Yes indeed #LoveTheEuro  and #LoveTheEU

Monday, January 14, 2019

USA -Trucking Industry: Here's what could happen in 3 days if truckers stopped working

Trucking moves 71% of the freight in the United States. And if it were to suddenly cease, the effects would be more drastic than you might expect.

A study by the American Trucking Associations outlined what would happen if truckers were to stop working. The effects would hit hospitals, gas stations, ATMs, grocery stores, and even your garbage can.

And, of course, your Amazon Prime packages would be delayed.
Within the first day

Basic medical supplies, like syringes and catheters, would be at risk of running out. Medication for cancer patients that use radiopharmacuticals, which only have a life span of a few hours, would expire.

Read more: Here's what could happen in 3 days if truckers stopped working

Sunday, January 13, 2019

Middle East: Israel strikes Iranian targets in Syria

Netanyahu confirms air strikes on Iranian targets in Syria Israel acknowledged on Sunday that it carried out a weekend air strike on what it called an Iranian arms cache in Syria.

Friday, January 11, 2019

Crypto Currencies: EU urged to regulate crypto currencies

European regulation of crypto currencies such as Bitcoin may be neededto protect consumers, prevent money laundering, terror financing and tonstop diverging national regulations from creating unfair competition, the European Banking Authority has advised.

In a new report the EU's banking watchdog said that the European Commission should carry out further analysis to determine the appropriate EU-level response.

Read more: EU urged to regulate crypto currencies

Tuesday, January 8, 2019

Britain - Brexit: 20 Tory rebels inflict no-fail defeat on government

Brexit: 20 Tory rebels inflict no-deal defeat on government

Read more at: http://www.bbc.co.uk/news/uk-politics-46803112

Sunday, January 6, 2019

EU - Economy Outlook: European Economy and politics in 2019

Read more at:
https://www.fxstreet.com/analysis/the-european-union-economy-and-politics-in-2019-201812221840

Saturday, January 5, 2019

USA: Republican party looks like a US 1950 Company Corporate Board


Read more at:
https://www.huffingtonpost.com/entry/gop-congressmen-1950-boardroom_us_5c3005b9e4b073352832da90

Friday, January 4, 2019

USA: Newly elected Congressional member suggests wealthy individuals get taxed at 70% of their income

Read more more at:

https://eu-digest.blogspot.com/2019/01/us-congress-new-democratic-congress.html

Thursday, January 3, 2019

USA: Dow Jones tanks as Apple stocks tumble

Read more at:

https://www.marketwatch.com/story/us-stock-market-set-to-tumble-as-apple-signals-china-pain-2019-01-03

Global Economy: Clouds gathering over global economy


Read more at:
http://www.bbc.co.uk/news/business-46734933

Tuesday, January 1, 2019

GERMANY: Germany adopts intersex identity into law.

Germany adopts intersex identity into law -

Read more at :
http://www.bbc.co.uk/news/world-europe-46727611

USA: US military apologises for dispicable bomb tweet

New Year 2019: US military apologises for bomb tweet -

Read more at:
http://www.bbc.co.uk/news/world-us-canada-46727991