How Will Brexit Affect EU Sanctions Against Russia?
|
|
- Mary O’Neal’
- 5 years ago
- Views:
Transcription
1 How Will Brexit Affect EU Sanctions Against Russia? June 30, 2016 by Frank Holmes of U.S. Global Investors Brexit has dominated world headlines for the last couple of weeks, and with good reason: The U.K. s historic referendum has already roiled markets around the globe; raised serious questions about immigration, trade and diplomacy; cast a harsh spotlight on the EU s avalanche of rules and regulations; and divided member states on the best way forward. Among other far-reaching consequences, Brexit could end up causing Europe to rethink its sanctions policy against Russia, following a vote in Brussels last week to extend them another six months. Page 1, 2018 Advisor Perspectives, Inc. All rights reserved.
2 Nearly everyone agrees that Russia and President Vladimir Putin are among the winners because of Brexit. The U.K. is the EU s most vocal critic of Russia s 2014 annexation of the Crimean Peninsula and was instrumental in the decision to levy sanctions against the country s financials, energy and defense sectors two years ago. Several EU countries, including Austria and Hungary, have expressed interest in lifting, or at least softening, sanctions, as they can no longer afford to miss out on trade with Russia. Countries that have faced difficulty offsetting lost trade opportunities are Finland, Poland and the Baltic states Latvia, Estonia and Lithuania. The French parliament recently adopted a resolution to urge Brussels to drop all sanctions. Italy s Upper House of Parliament, meanwhile, approved a resolution opposing any automatic renewal of sanctions. Britain s exclusion from any future policy decision-making, then, could help Moscow s chances to renegotiate terms. In the long term, this bodes well for Russia s economy, which has been hammered by not just sanctions but also falling oil prices during the last two years. In 2013, energy accounted for 70 percent of all exports, with crude alone representing a third. What s helped keep oil producers profitable is the weakened ruble, which has lowered labor costs while making exports more competitive. Double Whammy: Sanctions and Low Oil Prices Estimates vary as to which has done more damage to the country s currency sanctions or the drop in Brent oil. As I ve pointed out before, there s a clear correlation between the ruble and oil prices. Page 2, 2018 Advisor Perspectives, Inc. All rights reserved.
3 But sanctions have made their own significant impact. According to the International Monetary Fund (IMF), trade restrictions were responsible for a 1.5 percent decline in Russia s gross domestic product (GDP) in 2015, with the effects intensifying the longer they re in place. The Economic Expert Group, a Russian fiscal policy consultancy, estimates that between 2014 and 2017, international sanctions and the plunge in oil prices will cost Russia a whopping $600 billion. A large percent of this includes capital flight, though we ve seen its rate slow since sanctions were first announced. Renaissance Capital believes $45 billion will leave the country this year, an improvement from the $64 billion lost in 2015 and $125 billion in Page 3, 2018 Advisor Perspectives, Inc. All rights reserved.
4 Exports have likewise taken a huge hit. In April, exports fell to $21 billion, a 28 percent decline from the same time a year earlier. Page 4, 2018 Advisor Perspectives, Inc. All rights reserved.
5 What Now? Just as the U.K. won t officially leave the EU for another two years, the removal of sanctions won t happen anytime soon. As I said, EU officials already voted last week to extend them another six months. Many people, including Putin, doubt whether Brexit will materially change Russia s relationship with the European trading bloc. (On a side note, it s interesting that even Putin recognizes why Brits voted the way they did: No one wants to feed and subsidize weaker economies, support other countries, entire peoples, he told reporters on Friday.) However, there s mounting pressure among individual EU member states to drop or at least soften sanctions, and with Britain, the bloc s strongest supporter of restrictions, voting to leave, an opportunity to revisit terms could surface sooner than expected. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a thirdparty website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content. U.S. Global Investors Page 5, 2018 Advisor Perspectives, Inc. All rights reserved.
On June 2015, the council prolonged the duration of the sanction measures by six months until Jan. 31, 2016.
AA ENERGY TERMINAL Lower oil prices and European sanctions, which have weakened Russia's economy over the last two years, have also diminished the economies of the former Union of Soviet Socialist Republics
More informationTHE SINGLE MARKET PART 2 - THE FOUR FREEDOMS OF THE SINGLE MARKET ARE POLITICALLY A
THE SINGLE MARKET PART 2 - THE FOUR FREEDOMS OF THE SINGLE MARKET ARE POLITICALLY A PACKAGE DEAL The four freedoms (goods, services, people and capital) were seen as a package deal when the EU was created,
More informationBrexit. Alan V. Deardorff University of Michigan. For presentation at Adult Learning Institute April 11,
Brexit Alan V. Deardorff University of Michigan For presentation at Adult Learning Institute April 11, 2017 Brexit Defined: The exit of the United Kingdom from the European Union What that actually means
More informationHistory Over the past decades, US relations have been mostly positive either with the EU and its predecessors or the individual countries of western E
US EU Relations: redefining win-win By Frank Owarish, Ph.D., International Business, Ph.D., Computer Science, Executive Director International Institute for Strategic Research and Training (think tank)
More informationThrough the Financial Crisis
Comments on: How Latvia Came Through the Financial Crisis Mark Griffiths (mgriffiths@imf.org) European Department International Monetary Fund Outline 1. Economic performance under the program Program succeeded
More informationOUR GENERATION NEEDS YOUR GENERATION S HELP TO SAVE OUR FUTURE.
OUR GENERATION NEEDS YOUR GENERATION S HELP TO SAVE OUR FUTURE. 70% of 18-24 year olds voted to Remain in the EU referendum, with 1.5 million other young people unable to vote at the time. Now, as the
More informationNATO Background Guide
NATO Background Guide As members of NATO you will be responsible for examining the Ukrainian crisis. NATO The North Atlantic Treaty Organization (NATO) is an international organization composed of 28 member
More informationBelgium s foreign trade
Belgium s FIRST 9 months Belgium s BELGIAN FOREIGN TRADE AFTER THE FIRST 9 MONTHS OF Analysis of the figures for (first 9 months) (Source: eurostat - community concept*) After the first nine months of,
More informationEconomics Summer Term Task
Economics Summer Term Task 1. Research the impact of the vote to leave the EU on the UK economy a. In the short term (the next year) b. In the long term (the next 5 to 10 years) -use the links on slide
More informationWeekly Geopolitical Report
Weekly Geopolitical Report By Kaisa Stucke, CFA February 29, 2016 Brexit The U.K. joined the European Common Market, what is now known as the EU, in 1973. In 1992, the Maastricht Treaty formally created
More informationOptions for Romanian and Bulgarian migrants in 2014
Briefing Paper 4.27 www.migrationwatchuk.com Summary 1. The UK, Germany, France and the Netherlands are the four major countries opening their labour markets in January 2014. All four are likely to be
More informationEUROPEAN UNION CURRENCY/MONEY
EUROPEAN UNION S6E8 ANALYZE THE BENEFITS OF AND BARRIERS TO VOLUNTARY TRADE IN EUROPE D. DESCRIBE THE PURPOSE OF THE EUROPEAN UNION AND THE RELATIONSHIP BETWEEN MEMBER NATIONS. VOCABULARY European Union
More informationThe Outlook for EU Migration
Briefing Paper 4.29 www.migrationwatchuk.com Summary 1. Large scale net migration is a new phenomenon, having begun in 1998. Between 1998 and 2010 around two thirds of net migration came from outside the
More informationThe United Kingdom in the European context top-line reflections from the European Social Survey
The United Kingdom in the European context top-line reflections from the European Social Survey Rory Fitzgerald and Elissa Sibley 1 With the forthcoming referendum on Britain s membership of the European
More informationThe EU on the move: A Japanese view
The EU on the move: A Japanese view H.E. Mr. Kazuo KODAMA Ambassador of Japan to the EU Brussels, 06 February 2018 I. The Japan-EU EPA Table of Contents 1. World GDP by Country (2016) 2. Share of Japan
More informationEuropean Parliament Eurobarometer (EB79.5) ONE YEAR TO GO UNTIL THE 2014 EUROPEAN ELECTIONS Institutional Part ANALYTICAL OVERVIEW
Directorate-General for Communication Public Opinion Monitoring Unit Brussels, 21 August 2013. European Parliament Eurobarometer (EB79.5) ONE YEAR TO GO UNTIL THE 2014 EUROPEAN ELECTIONS Institutional
More informationMacroeconomic Outlook and Challenges for the CEE Region. Luboš Komárek CFO Executive Summit Prague, 29 th April 2015
Macroeconomic Outlook and Challenges for the CEE Region Luboš Komárek CFO Executive Summit Prague, 29 th April 2015 Outline I. Mapping out the current situation and economic forecast United States Euro
More informationThe European Union is a group of 28 countries that operate as a cohesive economic and
1/8 European Union drishtiias.com/printpdf/european-union The European Union is a group of 28 countries that operate as a cohesive economic and political block. 19 of these countries use EURO as their
More informationTrade and Trade Policy Developments in the Baltic States after Regaining Independence before Joining the EU
Trade and Trade Policy Developments in the Baltic States after Regaining Independence before Joining the EU by Dr. Erika Sumilo, University of Latvia, Riga, Latvia for XIV International Economic History
More informationwww.newsflashenglish.com The 4 page 60 minute ESL British English lesson 20/02/16 Should the United Kingdom remain a member of the European Union or leave the European Today, the question is: Should the
More informationA2 Economics. Enlargement Countries and the Euro. tutor2u Supporting Teachers: Inspiring Students. Economics Revision Focus: 2004
Supporting Teachers: Inspiring Students Economics Revision Focus: 2004 A2 Economics tutor2u (www.tutor2u.net) is the leading free online resource for Economics, Business Studies, ICT and Politics. Don
More informationMonthly Inbound Update June th August 2017
Monthly Inbound Update June 217 17 th August 217 1 Contents 1. About this data 2. Headlines 3. Journey Purpose: June, last 3 months, year to date and rolling twelve months by journey purpose 4. Global
More informationMark Allen. The Financial Crisis and Emerging Europe: What Happened and What s Next? Senior IMF Resident Representative for Central and Eastern Europe
The Financial Crisis and Emerging Europe: What Happened and What s Next? Seminar with Romanian Trade Unions Bucharest, November 2, 21 Mark Allen Senior IMF Resident Representative for Central and Eastern
More informationShould the UK leave the EU?
Should the UK leave the EU? An analysis of the possible economic consequences of a Brexit Gianluigi Vernasca University of Essex Professorial Inaugural Lecture February 2016 Gianluigi Vernasca (University
More informationBritain, the EU & Tourism
Written evidence submitted by VisitBritain (IOB0027) Britain, the EU & Tourism About VisitBritain and VisitEngland Tourism is currently worth 126.9 billion to Britain s economy. It is Britain s third largest
More informationGeopolitics and The Future of Europe: A Conversation with Ron Wexler and Ian Bremmer
The Citadel Conversation Geopolitics and The Future of Europe: A Conversation with Ron Wexler and Ian Bremmer In a world where politics and markets increasingly intersect, smart investors look beyond today
More informationEuropean Tourism Trends & Prospects Executive Summary
1 European Tourism Trends & Prospects Executive Summary Turkey Iceland Montenegro Serbia Slovenia Malta Cyprus Finland Croatia Latvia Netherlands Belgium Portugal Poland Romania Czech Rep Bulgaria Spain
More informationFrom Europe to the Euro
From Europe to the Euro 2012 Euro Challenge Student Orientation Florida International University December 6 th, 2011 Kasper Zeuthen Delegation of the European Union Washington, DC www.euro-challenge.org
More informationExtended Findings. Finland. ecfr.eu/eucoalitionexplorer. Question 1: Most Contacted
Extended Findings Finland Preferences Question 1: Most Contacted Finland (2%) is not amongst the most contacted countries within the EU: Germany (22%), France (13%), the UK (11%), Poland (7%), Italy (6%),
More informationFrom Europe to the Euro Student Orientations 2014 Euro Challenge
From Europe to the Euro Student Orientations 2014 Euro Challenge www.euro-challenge.org 1 What is the European Union? A unique institution Member States voluntarily cede national sovereignty in many areas
More informationEuropean Parliament Eurobarometer (EB79.5) ONE YEAR TO GO TO THE 2014 EUROPEAN ELECTIONS Economic and social part DETAILED ANALYSIS
Directorate-General for Communication Public Opinion Monitoring Unit Brussels, 18 October 2013 European Parliament Eurobarometer (EB79.5) ONE YEAR TO GO TO THE 2014 EUROPEAN ELECTIONS Economic and social
More informationTHE DEVELOPMENT OF ECONOMIES OF THE EUROPEAN UNION MEMBER STATES IN THE PERIOD OF
THE DEVELOPMENT OF ECONOMIES OF THE EUROPEAN UNION MEMBER STATES IN THE PERIOD OF 2003-2014. Mariusz Rogalski Maria Curie-Sklodowska University, Poland mariusz.rogalski@poczta.umcs.lublin.pl Abstract:
More informationAccess to the Legal Services Market Post-Brexit
1 Access to the Legal Services Market Post-Brexit Summary The UK legal services market generated 3.3bn of our net export revenue in 2015. More importantly, our exporters confidence in doing business abroad
More informationEvolution of the European Union, the euro and the Eurozone Sovereign Debt Crisis
Evolution of the European Union, the euro and the Eurozone Sovereign Debt Crisis Brexit? Dr. Julian Gaspar, Executive Director Center for International Business Studies & Clinical Professor of International
More informationUNDER EMBARGO UNTIL 10 APRIL 2019, 15:00 HOURS PARIS TIME. Development aid drops in 2018, especially to neediest countries
Development aid drops in 2018, especially to neediest countries OECD Paris, 10 April 2019 OECD adopts new methodology for counting loans in official aid data In 2014, members of the OECD s Development
More informationCOMMISSION IMPLEMENTING DECISION. of
EUROPEAN COMMISSION Brussels, 23.2.2016 C(2016) 966 final COMMISSION IMPLEMENTING DECISION of 23.2.2016 amending Implementing Decision C(2013) 4914 establishing the list of travel documents which entitle
More informationIndustrial Relations in Europe 2010 report
MEMO/11/134 Brussels, 3 March 2011 Industrial Relations in Europe 2010 report What is the 'Industrial Relations in Europe' report? The Industrial Relations in Europe report provides an overview of major
More information5-Year Evaluation of the Korea-EU FTA Implementation
5-Year Evaluation of the Korea-EU FTA Implementation From Korea s perspective EU-Korea Business Forum "The EU-Korea FTA after five years: What s been achieved and what s next?" September 22 nd 2016, Seoul
More informationAfter the crisis: what new lessons for euro adoption?
After the crisis: what new lessons for euro adoption? Zsolt Darvas Croatian Parliament 15 November 2017, Zagreb Background and questions Among the first 15 EU member states, Mediterranean countries experienced
More informationEconomic Effects in Slovenia within Integration in European Union
Journal of Empirical Research in Accounting & Auditing ISSN (2384-4787) J. Emp. Res. Acc. Aud. 2, No. 2 (Oct. -2015) Economic Effects in Slovenia within Integration in European Union Amir Imeri AMA International
More information8193/11 GL/mkl 1 DG C I
COUNCIL OF THE EUROPEAN UNION Brussels, 25 March 2011 8193/11 AVIATION 70 INFORMATION NOTE From: European Commission To: Council Subject: State of play of ratification by Member States of the aviation
More informationWILL CHINA S SLOWDOWN BRING HEADWINDS OR OPPORTUNITIES FOR EUROPE AND CENTRAL ASIA?
ECA Economic Update April 216 WILL CHINA S SLOWDOWN BRING HEADWINDS OR OPPORTUNITIES FOR EUROPE AND CENTRAL ASIA? Maurizio Bussolo Chief Economist Office and Asia Region April 29, 216 Bruegel, Brussels,
More informationPoland s view on the Nord Stream project
08.08.2009 Klaudia Wiszniewska Introduction Poland s view on the Nord Stream project The aim of this article is to identify and present the position of Poland on the Nord Stream project. The Baltic offshore
More informationChallenges for Baltics as for the Eurozone countries having Advanced Economy status
Challenges for Baltics as for the Eurozone countries having Advanced Economy status 4th European High-level Panel Discussion on Banking Vilnius, February 4, 216 Bas B. Bakker Senior Regional Resident Representative
More informationIntroduction. The European Arrest Warrant Act 2003 The European Arrest Warrant Act 2003 came into operation on 1 January 2004.
REPORT On the operation of the European Arrest Warrant Act 2003 (as amended) for the year 2017 made to the Houses of the Oireachtas by the Central Authority in the person of the Minister for Justice and
More informationARTICLES. European Union: Innovation Activity and Competitiveness. Realities and Perspectives
ARTICLES European Union: Innovation Activity and Competitiveness. Realities and Perspectives ECATERINA STǍNCULESCU Ph.D., Institute for World Economy Romanian Academy, Bucharest ROMANIA estanculescu@yahoo.com
More informationUNDER EMBARGO UNTIL 9 APRIL 2018, 15:00 HOURS PARIS TIME
TABLE 1: NET OFFICIAL DEVELOPMENT ASSISTANCE FROM DAC AND OTHER COUNTRIES IN 2017 DAC countries: 2017 2016 2017 ODA ODA/GNI ODA ODA/GNI ODA Percent change USD million % USD million % USD million (1) 2016
More informationBELARUS. INTERNATIONAL RATINGS
BELARUS. INTERNATIONAL RATINGS June 2016 In May 2016 the Fitch Ratings report The Republic of Belarus 2016: review of the macroeconomic situation and the banking sector was presented at a conference in
More informationLetter prices in Europe. Up-to-date international letter price survey. March th edition
Letter prices in Europe Up-to-date international letter price survey. March 2014 13th edition 1 Summary This is the thirteenth time Deutsche Post has carried out a study, drawing a comparison between letter
More informationOf the 73 MEPs elected on 22 May in Great Britain and Northern Ireland 30 (41 percent) are women.
Centre for Women & Democracy Women in the 2014 European Elections 1. Headline Figures Of the 73 MEPs elected on 22 May in Great Britain and Northern Ireland 30 (41 percent) are women. This represents a
More informationFertility rate and employment rate: how do they interact to each other?
Fertility rate and employment rate: how do they interact to each other? Presentation by Gyula Pulay, general director of the Research Institute of SAO Changing trends From the middle of the last century
More informationThe Extraordinary Extent of Cultural Consumption in Iceland
1 Culture and Business Conference in Iceland February 18 2011 Prof. Dr. Ágúst Einarsson Bifröst University PP 1 The Extraordinary Extent of Cultural Consumption in Iceland Prof. Dr. Ágúst Einarsson, Bifröst
More informationThe regional and urban dimension of Europe 2020
ESPON Workshop The regional and urban dimension of Europe 2020 News on the implementation of the EUROPE 2020 Strategy Philippe Monfort DG for Regional Policy European Commission 1 Introduction June 2010
More informationTable on the ratification process of amendment of art. 136 TFEU, ESM Treaty and Fiscal Compact 1 Foreword
Table on the ratification process of amendment of art. 136 TFEU, and 1 Foreword This table summarizes the general state of play of the ratification process of the amendment of art. 136 TFEU, the and the
More informationBaseline study on EU New Member States Level of Integration and Engagement in EU Decision- Making
Key findings: The New Member States are more optimistic about the EU, while the Old Member States are more engaged in EU matters. Out of 4 NMS Bulgaria, Czech Republic, Latvia, Poland the citizens of Bulgaria
More information2. The table in the Annex outlines the declarations received by the General Secretariat of the Council and their status to date.
Council of the European Union Brussels, 10 June 2016 (OR. en) 9603/16 COPEN 184 EUROJUST 69 EJN 36 NOTE From: To: Subject: General Secretariat of the Council Delegations Council Framework Decision 2008/909/JHA
More informationNEGOTIATIONS ON ACCESSION BY BULGARIA AND ROMANIA TO THE EUROPEAN UNION
NEGOTIATIONS ON ACCESSION BY BULGARIA AND ROMANIA TO THE EUROPEAN UNION Brussels, 31 March 2005 AA 1/2/05 REV 2 TREATY OF ACCESSION: TABLE OF CONTENTS DRAFT LEGISLATIVE ACTS AND OTHER INSTRUMENTS Delegations
More informationTHE EU REFERENDUM WHY YOU SHOULD VOTE
BME communities and the EU In-Out debate THE EU REFERENDUM WHY YOU SHOULD VOTE ON THURSDAY 23rd JUNE, THE EUROPEAN UNION (EU) REFERENDUM WILL TAKE PLACE. IT WILL DETERMINE WHETHER OR NOT THE UK SHOULD
More informationFrom Europe to the Euro Student Orientations 2013 Euro Challenge
From Europe to the Euro Student Orientations 2013 Euro Challenge www.euro-challenge.org 1 What is the European Union? A unique institution Member States voluntarily cede national sovereignty in many areas
More informationFrom Europe to the Euro. Delegation of the European Union to the United States
From Europe to the Euro Delegation of the European Union to the United States www.euro-challenge.org What is the European Union? A unique institution Member States voluntarily cede national sovereignty
More informationEurope in Figures - Eurostat Yearbook 2008 The diversity of the EU through statistics
STAT/08/75 2 June 2008 Europe in Figures - Eurostat Yearbook 2008 The diversity of the EU through statistics What was the population growth in the EU27 over the last 10 years? In which Member State is
More informationInvolvement or Restraint? A representative survey on German attitudes to foreign policy commissioned by Körber Foundation
Involvement or Restraint? A representative survey on German attitudes to foreign policy commissioned by Körber Foundation German Foreign Policy: Challenges, Partners and Priorities How strongly are you
More informationNotes from Europe s Periphery
Notes from Europe s Periphery March 22, 2017 Both ends of the Continent s periphery are shifting away from the core. By George Friedman I m writing this from London and heading from here to Poland and
More informationGeneral Certificate of Education Advanced Level Examination January 2011
General Certificate of Education Advanced Level Examination January 2011 Economics ECON4 Unit 4 The National and International Economy Tuesday 1 February 2011 1.30 pm to 3.30 pm For this paper you must
More informationWho is paying the cost of economic sanction on Russia: The U.S. or EU?
Symposium on EU-Russia Trade Law and Policy Relations Who is paying the cost of economic sanction on Russia: The U.S. or EU? Golam Robbani Dept. of International Business and Management The Hague University
More informationCRS Report for Congress Received through the CRS Web
Order Code RS21055 Updated November 9, 2001 CRS Report for Congress Received through the CRS Web Summary NATO Enlargement Paul E. Gallis Specialist in European Affairs Foreign Affairs, Defense, and Trade
More informationA timeline of the EU. Material(s): Timeline of the EU Worksheet. Source-
A timeline of the EU Source- http://news.bbc.co.uk/2/hi/europe/3583801.stm 1948 Plans for a peaceful Europe In the wake of World War II nationalism is out of favour in large parts of continental Europe
More informationFrom Europe to the Euro
From Europe to the Euro Presentation ti by Eva Horelová Deputy Spokesperson, Deputy Head of Press and Public Diplomacy Delegation of the European Union to the United States Florida Student Orientation,
More informationCollective Bargaining in Europe
Collective Bargaining in Europe Collective bargaining and social dialogue in Europe Trade union strength and collective bargaining at national level Recent trends and particular situation in public sector
More informationSherajum Monira Farin Research Associate
Young Scholars Seminar Series (YSSS) 01 August 2016 Presentation by Sherajum Monira Farin Research Associate Contents I. Introduction II. Purpose of the Study III. Methodology IV. Short-term Visible Impacts
More informationEuropean Union Passport
European Union Passport European Union Passport How the EU works The EU is a unique economic and political partnership between 28 European countries that together cover much of the continent. The EU was
More informationEstonia and Lithuania in transition: A compared analysis of the change and its costs and benefits
Estonia and Lithuania in transition: A compared analysis of the change and its costs and benefits Giulia Pilia MA Graduate, University of Bologna, Italy Abstract On the aftermath of the dissolution of
More informationThe Second Partition of Ukraine?
The Second Partition of Ukraine? December 31, 2018 The country lost part of its territory nearly five years ago. Was that just the beginning? In the 18th century, the once-mighty Polish-Lithuanian Commonwealth
More informationWhat is next for Central and Eastern Europe? Helping to shape the future of Europe
What is next for Central and Eastern Europe? Helping to shape the future of Europe Vladislava Gubalova Summary While all minds are on what Europe will look like after 2019, the potential role of Central
More informationThe economic outlook for Europe and Central Asia, including the impact of China
ECA Economic Update April 216 The economic outlook for and, including the impact of China Hans Timmer Chief Economist and Region April 7, 216 Kiev, Ukraine 1 Overview Low growth is expected in and (ECA),
More informationHEIKKI PATOMÄKI DEPARTMENT OF POLITICAL AND ECONOMIC STUDIES UNIVERSITY OF HELSINKI
Different countries, different stories? The case of Finland HEIKKI PATOMÄKI DEPARTMENT OF POLITICAL AND ECONOMIC STUDIES UNIVERSITY OF HELSINKI Finland as a success story Finland's growth performance looked
More informationExcessive Pricing in Pharmaceutical Markets Note by the Russian Federation
Organisation for Economic Co-operation and Development DAF/COMP/WD(2018)116 DIRECTORATE FOR FINANCIAL AND ENTERPRISE AFFAIRS COMPETITION COMMITTEE English - Or. English 25 October 2018 Excessive Pricing
More informationCuring Europe s Growing Pains: Which Reforms?
Curing Europe s Growing Pains: Which Reforms? Luc Everaert Assistant Director European Department International Monetary Fund Brussels, 21 November Copyright rests with the author. All rights reserved.
More information2014 BELGIAN FOREIGN TRADE
2014 BELGIAN FOREIGN TRADE 2 3 01 \\ EXPORTS 6 1.1 Geographical developments 1.2 Sectoral developments 02 \\ IMPORTS 14 2.1 Geographical developments 2.2 Sectoral developments 03 \\ GEOGRAPHICAL TRADE
More informationEver freer union? Economic freedom and the EU
Introduction Ever freer union? Economic freedom and the EU Alexander Fritz Englund 1 By performing an econometric analysis on the Fraser Institute s Economic Freedom of the World: Annual Report 2015, it
More informationLimited THE EUROPEAN UNION, hereinafter referred to as the "Union" THE KINGDOM OF BELGIUM, THE REPUBLIC OF BULGARIA, THE CZECH REPUBLIC,
THE EUROPEAN UNION, hereinafter referred to as the "Union" THE KINGDOM OF BELGIUM, THE REPUBLIC OF BULGARIA, THE CZECH REPUBLIC, THE KINGDOM OF DENMARK, THE FEDERAL REPUBLIC OF GERMANY, THE REPUBLIC OF
More information112, the single European emergency number: Frequently Asked Questions
MEMO/09/60 Brussels, 11 February 2009 112, the single European emergency number: Frequently Asked Questions What is 112? 112 is the single European emergency number to dial free of charge in case of an
More informationEurasian Economic Union and Armenia
Eurasian Economic Union and Armenia Areg Gharabegian October 2015 The Eurasian Economic Union (EEU) is an economic union of states which was established on May 2014 by the leaders of Belarus, Kazakhstan,
More informationCONFIDENCE IN THE GLOBAL ECONOMY PREVAILS DESPITE UNCERTAINTIES
CONFIDENCE IN THE GLOBAL ECONOMY PREVAILS DESPITE UNCERTAINTIES MARKET INSIGHT BUSINESS SWEDEN, DECEMBER 15 2016 CONFIDENCE IN THE GLOBAL ECONOMY PREVAILS DESPITE UNCERTAINTIES The world economy continues
More informationIntroduction. Definition of Key Terms. General Overview. Why Exit?
Forum: Economic and Social Council (ECOSOC) Topic: The exit of Britain from the European Union and the drop of value of the British Pound Student Officer: Duygu Mercan Position: Deputy President Introduction
More informationUK Election Results and Economic Prospects. By Tony Brown 21 July 2017
UK Election Results and Economic Prospects By Tony Brown 21 July 2017 This briefing note summarises recent developments in the UK and presents a snapshot of the British political and economic state of
More informationMeanwhile, in Europe LECTURE 6
Meanwhile, in Europe LECTURE 6 Macron and Merkel Allied? Trying to solve Europe s current challenges: Domestic economics Eurozone issues/brexit Migrant crisis Domestic Economics - France Which problems
More informationThe European Union Economy, Brexit and the Resurgence of Economic Nationalism
The European Union Economy, Brexit and the Resurgence of Economic Nationalism George Alogoskoufis is the Constantine G. Karamanlis Chair of Hellenic and European Studies, The Fletcher School of Law and
More informationANDREW MARR SHOW APRIL 9 TH 2017 PRITI PATEL
1 ANDREW MARR SHOW APRIL 9 TH 2017 AM: Can I ask you first of all were we told by the Americans not to send Boris Johnson to Moscow? PP: Well, it s quite clear that events with regards to Syria have moved
More informationTAPFIN Quarterly Market Report European Contingent Workforce Q2, June 2017
TAPFIN Quarterly Market Report European Contingent Workforce Q2, 2017 June 2017 Table of Contents Disclaimer and Definitions European Overview Regional Breakdowns Appendix The Purpose of this Quarterly
More informationThe statistical regions of Europe as delineated by the United Nations as: Northern, Western,
Regional Economy Paper: Geography The statistical regions of Europe as delineated by the United Nations as: Northern, Western, Eastern and Southern Europe. Western Europe has a long history of trade, free
More informationProposal for a new repartition key
EUROPEAN UNION OF MEDICAL SPECIALISTS Kroonlaan 20 Avenue de la Couronne tel: +32-2-649.51.64 B-1050 - BRUSSELS fax: +32-2-640.37.30 www.uems.net uems@skynet.be D 0505 en Proposal for a new repartition
More information3.1. Importance of rural areas
3.1. Importance of rural areas 3.1.1. CONTEXT 1 - DESIGNATION OF RURAL AREAS A consistent typology of 'predominantly rural', 'intermediate' or 'predominantly urban' regions for EC statistics and reports
More informationLithuania. Poland. Belarus. Georgia. Azerbaijan. Macedonia
Lithuania Poland Belarus Georgia Azerbaijan Macedonia 14 The development challenge in the Central and Eastern European region remains one of transforming previously authoritarian, centrally planned societies
More informationGERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES
Articles Articles Articles Articles Articles CENTRAL EUROPEAN REVIEW OF ECONOMICS & FINANCE Vol. 2, No. 1 (2012) pp. 5-18 Slawomir I. Bukowski* GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Abstract
More informationFor example, some EU countries would cooperate in the areas of:
ECONOMICS ECONOMIC RESEARCH June 23, 216 No. 632 Towards a European Union "à la carte"? The debate in the United Kingdom on a Brexit and the debates in different European countries on the respective role
More informationClosed for Repairs? Rebuilding the Transatlantic Bridge. by Richard Cohen
Closed for Repairs? Rebuilding the Transatlantic Bridge by Richard Cohen A POLICY August, PAPER 2017 NATO SERIES CLOSED FOR REPAIRS? REBUILDING THE TRANSATLANTIC BRIDGE By Richard Cohen August, 2017 Prepared
More informationThe 'Hybrid War in Ukraine': Sampling of a 'Frontline State's Future? Discussant. Derek Fraser
US-UA Security Dialogue VII: Taking New Measure of Russia s Near Abroad : Assessing Security Challenges Facing the 'Frontline States Washington DC 25 February 2016 Panel I The 'Hybrid War in Ukraine':
More informationThe EU Visa Code will apply from 5 April 2010
MEMO/10/111 Brussels, 30 March 2010 The EU Visa Code will apply from 5 April 2010 What is the Visa Code? The Visa Code 1 is an EU Regulation adopted by the European Parliament and the Council (co-decision
More informationInternational Journal of Multidisciplinary Research and Modern Education (IJMRME) ISSN (Online): ( Volume I, Issue
ANALYSIS OF THE CHANGES NUMBER MANUFACTURING ENTERPRISES OF THE EUROPEAN UNION COUNTRIES TO Dr. Lembo Tanning* & Toivo Tanning** * Faculty of Transport. TTK University of Applied Sciences, Tallinn, Estonia,
More information