EuroGrowth Initiative

  • A Breakdown of the Sanctions Deal between the United States and Oleg Deripaska

    On January 16, a US Senate resolution to maintain US sanctions on the Russian aluminum giant RUSAL and its holding company EN+ failed to garner the necessary 60 votes to pass. As a result, the Trump administration lifted its economic sanctions on RUSAL and EN+ on January 27.

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  • Europe Ready to Help With WTO Reform

    EU Commissioner for Trade Cecilia Malmström says task at hand is ‘quite urgent’

    A multilateral effort needs to be made to save the World Trade Organization (WTO), the European Union’s Commissioner for Trade Cecilia Malmström said at the Atlantic Council in Washington on January 10, noting that the twenty-four-year-old intergovernmental body to regulate international trade is “under increasing pressure.”

    “So we need to save it,” Malmström said, warning “it is quite urgent.”

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  • Trade Trends 2019, with European Commissioner for Trade Cecilia Malmström

    On January 10 2019, the Atlantic Council’s Global Business and Economics Program hosted European Commissioner for Trade Cecilia Malmström, as she visited Washington, DC for negotiations with US counterparts. The event is part of the Global Business & Economic Program's EuroGrowth Initiative.

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  • Europe Signals Intent to Avoid Trade War with the United States

    Transatlantic trade negotiators are kicking off 2019 with positive momentum toward avoiding a trade war and implementing last year’s joint statement between the White House and the European Commission. On January 7, the European Commission made key announcements on agricultural trade and steel tariffs that set the stage for ministerial-level talks held in Washington on January 8.

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  • Rising Populism and the Future of Europe

    On Thursday, December 13th, the Atlantic Council’s Global Business and Economics Program and the Embassy of Spain co-hosted an event on rising populism in Europe, celebrating the occasion of the 40th anniversary of Spain’s pluralistic constitution.

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  • Trump is Correct, May's Brexit Deal Would Make a US-UK Trade Agreement Highly Unlikely

    US President Donald J. Trump has cast doubt on the possibility of completing a US-UK free trade agreement under the terms of the Brexit deal British Prime Minister Theresa May has negotiated with the European Union.

    “I think we have to take a look at, seriously, whether or not the UK is allowed to trade, because, you know, right now, if you look at the deal, they [the UK] may not be able to trade with us,” Trump told reporters on November 26.

    May rejected Trump’s characterization, saying: “We will have the ability, outside the European Union, to make those decisions on trade policy for ourselves. It will no longer be a decision being taken by Brussels.”


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  • Brexit: The Road Ahead

    At an extraordinary summit on November 25, European Union leaders approved a draft agreement with British Prime Minister Theresa May setting out the terms of the United Kingdom’s withdrawal from the EU.

    It is hard to understate the importance of this milestone in the Brexit process. The 585-page draft agreement comprehensively dictates the terms of the UK’s exit from the EU on a broad range of issues, from the UK’s financial obligations toward the EU, the Northern Ireland border regime, citizens’ rights, jurisdiction delimitation, and financial services regulation among others.

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  • Brummer in Fintech Policy: Whatever Challenges the US Faces in Regulating Cryptocurrencies, the EU Faces Far More

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  • At 25, European Union Suffers from Anemic Growth

    The European Union has reached its mid-twenties.

    On its twenty-fifth birthday on November 1, however, there were no fireworks, inspiring speeches, or fancy receptions in Brussels though. Mired in internal quarrels, from Brexit to rising Euroscepticism, European leaders may feel there is not much to celebrate.

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  • Rome and Brussels Go Head to Head in Budget Battle

    A budget proposal put forward by Italy’s populist government would create a prohibitively high deficit and has sharpened the conflict between Rome and the European Union.

    Despite warnings from Brussels, the ruling Italian coalition of La Lega and the 5 Star Movement submitted its 2019 budget proposal to the European Union (EU) on October 15. A combination of tax cuts, increased social spending, and a roll back of pension reforms will cause the deficit to jump from 0.8 percent to 2.4 percent of the gross domestic product (GDP), according to the government’s calculations. The proposal, which creates a deficit that is more than triple the level desired by the EU, has left investors jittery about the trajectory of the Italian economy.

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