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MercoPress, en Español

Montevideo, April 28th 2024 - 13:54 UTC

Tag: European Union

  • Saturday, October 20th 2018 - 08:42 UTC

    Brexit has the Conservative party unity under “existential strain”

    Mrs Morgan also appealed to Theresa May to “keep talking” amid an impasse in the negotiations over the key issue of the Irish border

    The Conservative Party has been put under “existential strain” by Brexit and some friendships and relationships will “never be healed”, according to a former cabinet minister. Nicky Morgan, the Tory chairwoman of the Treasury Committee, laid bare the personal toll on MPs divided over the merits of the UK’s departure from the European Union as she insisted she still believes the party can come back together.

  • Saturday, October 20th 2018 - 08:37 UTC

    Moody's cuts Italy's credit rating and EC warns over 2019 budget plans

    At the heart of the concerns is Italy's public debt, which amounts to 2.3 trillion Euros, or 131% of GDP, the highest rate in the Euro zone after Greece

    Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.

  • Saturday, October 20th 2018 - 06:36 UTC

    Gibraltar, not a problem to reach a Brexit agreement, says Spain

    Addressing the Gibraltar Parliament, Picardo said there was now a “fairly final” protocol on Gibraltar that would form part of the UK/EU Withdrawal Agreement

    Gibraltar Chief Minister Fabian Picardo and Spanish Prime Minister Pedro Sanchez both sent positive signals about the progress of Brexit talks relating to Gibraltar, effectively confirming the Rock’s inclusion in any withdrawal and transitional arrangements to soften the process of leaving the EU.

  • Friday, October 19th 2018 - 06:27 UTC

    “UK has done all it can”, to cushion a no-deal Brexit for the financial sector, says BoE

    Sir Jon Cunliffe suggested British authorities had made significant efforts through the likes of banking stress to prepare the financial sector for a cliff-edge exit

    The United Kingdom has done “all it can” unilaterally to cushion the blow of a no-deal Brexit for banks and financial firms, a Bank of England deputy governor has said. Sir Jon Cunliffe seemed to place the ball firmly back in the EU’s court, after suggesting that British authorities had made significant efforts through the likes of banking stress tests and a temporary permissions regime to prepare the financial sector for a cliff-edge exit.

  • Thursday, October 18th 2018 - 18:08 UTC

    German chancellor wants to stay close to UK post Brexit

    Merkel's intention is to “put future relations on a new basis.”

    Angela Merkel said on Wednesday in a statement at the European Union's summit in Brussels that she wants Britain to remain a close and trustworthy partner after splitting from the bloc.

  • Thursday, October 18th 2018 - 08:42 UTC

    US determined to a trade deal with the UK, “as soon as it is ready” after Brexit

    Trade Representative Robert Lighthizer notified Congress of plans to open negotiations with the UK, as well as with the EU and Japan

    The United States administration has formally confirmed it intends to pursue a trade deal with the UK “as soon as it is ready” after leaving the EU. Donald Trump’s trade representative Robert Lighthizer notified Congress of plans to open negotiations with the UK, as well as with the EU and Japan.

  • Thursday, October 18th 2018 - 07:04 UTC

    Brussels No deal: Brexit transition could be extended full year? Brexiteers furious

    Theresa May addressed her 27 European counterparts on Wednesday evening, urging them to give ground and end the current Brexit deadlock.

    Brexit-backing MPs have reacted angrily to the idea that the United Kingdom's transition out of the European Union could be extended for another year, to the end of 2021. Downing Street refused to rule out an extension after a Wednesday summit of EU leaders in Brussels failed to make progress.

  • Wednesday, October 17th 2018 - 09:16 UTC

    Germany urges responsibility on Brexit ahead of European Council summit

    Foreign ministers from the remaining 27 EU states were receiving a briefing from chief Brexit negotiator Michel Barnier at the General Affairs Council

    Germany has urged UK's Theresa May to “take responsibility” for Brexit, as a crunch summit approaches with no sign of any breakthrough in negotiations. The Prime Minister was briefing senior ministers in an extended session of Cabinet ahead of Wednesday’s European Council meeting at which it had initially been hoped to conclude the UK’s withdrawal deal.

  • Wednesday, October 17th 2018 - 08:52 UTC

    Another headache for the EU: Italy and its populist budget

    The budget proposes increases both Italy's overall government debt and its deficit pushing it as high as 2.4% of GDP. Mandated maximum deficit is 0.8% of GDP

    Italy's government on Tuesday pushed the country closer to a showdown with the European Union after submitting its latest budget for review. The budget proposes increases both Italy's overall government debt and its deficit in the short run pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated maximum deficit level of 0.8% of GDP.

  • Wednesday, October 17th 2018 - 08:25 UTC

    Gibraltar Chief Minister confident UK/EU “moments away” from withdrawal agreement

    According to Picardo it will be agreed between UK and EU because under the 2006 Constitution, UK remains responsible for the Rock's international agreements

    Gibraltar, the UK and the EU are “moments away” from agreeing the terms of a protocol to include Gibraltar in any Withdrawal Agreement and transitional arrangements reached between the UK and the EU, Chief Minister Fabian Picardo said on Monday.