Tag: European Union

• Sunday, October 28th 2018 - 18:00 UTC

  Fitch cautious about UK as no-deal Brexit scenario looks inevitable

  

  The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.

• Saturday, October 27th 2018 - 09:01 UTC

  S&P lowers Italy's outlook to negative; criticizes Rome's economic and fiscal policies

  

  Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.

• Saturday, October 27th 2018 - 08:39 UTC

  A no Brexit deal will slow sharply UK economic growth, says think tank

  

  A no-deal Brexit could slam the brakes on the UK’s economic growth, wiping out Chancellor Philip Hammond’s hopes of boosting public spending, a think tank has said. If the UK fails to reach a withdrawal deal with the EU and moves on to World Trade Organization (WTO) rules next March, GDP growth can be expected to slow sharply from 1.4% this year to 0.3% in both 2019 and 2020, said the National Institute of Economic and Social Research (Niesr).

• Friday, October 26th 2018 - 09:52 UTC

  Juncker wants Venezuelan “dictator” Maduro brought to justice as international pressure mounts

  

  European Union (EU) Commission President Jean-Claude Juncker Wednesday Wednesday said Venezuelan ruler Nicolás Maduro has become “a matter for the international justice system” and needs to “be brought before the courts.”

• Friday, October 26th 2018 - 08:48 UTC

  Falklands: Brexit and Argentina's plan for closer links with the Islands

  

  Brexit brings a chance to strengthen ties between Argentina and the Falkland Islands, the country's foreign minister Jorge Faurie said in London. Faurie met with Foreign Secretary Jeremy Hunt and the pair discussed increasing trade and travel links between the Falkland Islands and South America.

• Friday, October 26th 2018 - 08:19 UTC

  Scotland's Sturgeon convinced a no deal Brexit, the most likely outcome

  

  A no-deal Brexit may be the “most likely outcome” of the UK’s negotiations with the EU, Scotland’s First Minister Nicola Sturgeon has told MSPs. The First Minister said that while the terms of Britain’s withdrawal from the bloc are 95% agreed, there remains an “impasse” over the issue of the Irish border.

• Thursday, October 25th 2018 - 08:25 UTC

  Gibraltar prepared and confident on a Withdrawal Agreement from EU

  

  Gibraltar will step up its contingency planning as from January 1, 2019, if there is no certainty of a Withdrawal Agreement and implementation period by that date, Chief Minister Fabian Picardo told an influential House of Lords select committee. Addressing the EU Select Committee, he also signaled his hope that Gibraltar, the UK and Spain could salvage elements of the Gibraltar negotiations even in the event of a ‘no deal’ Brexit between the UK and the EU.

• Wednesday, October 24th 2018 - 08:56 UTC

  EC tells Italy to revise its budget but ruling populists vow to go ahead with electoral promises

  

  The European Commission has told Italy to revise its budget, an unprecedented move with regard to an EU member state. EC is worried about the impact of higher spending on already high levels of debt in Italy, the Euro zone's third-biggest economy.

• Wednesday, October 24th 2018 - 08:39 UTC

  Risk of return to violence if a hard Brexit is imposed, says Irish president Higgins

  

  Irish President Michael D Higgins has said he shares the concerns of the country’s premier Leo Varadkar that there is a risk of a return to violence if a hard border is imposed post-Brexit. Mr Higgins said: “I do share the Taoiseach’s concern.”

• Wednesday, October 24th 2018 - 08:28 UTC

  UK government watchdog warns Britain is not ready for a no-deal Brexit

  

  Britain will “pay the price” of a no-deal Brexit because complicated new border controls may not be ready in time, a UK government watchdog has warned. Thousands of UK exporters did not have enough time to prepare for new border rules, the National Audit Office said.