Global Business & Economics Program

  • Brummer in Roll Call: 4 Fintech Regulation Issues To Keep An Eye On In The U.S. And Abroad

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  • Brussels Agreed to Brexit Extension to Avoid No Deal, EU Official Says

    By agreeing to extend the deadline for the United Kingdom’s withdrawal from the European Union (EU) to October 31, EU leaders and British Prime Minister Theresa May “managed to avoid the most disruptive [potential] scenario, which would have been no-deal Brexit,” top European Commission official Valdis Dombrovskis said at the Atlantic Council in Washington on April 12.

    The extension, which would first be reviewed by the EU on June 30 but could last as long as October 31, would give the UK Parliament time to “reflect and work on what is really their preferred scenario,” Dombrovskis said.

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  • Under Pressure: The Squeezed Middle Class


    On April 12, the Atlantic Council’s Global Business and Economics Program’s Inclusive Growth Initiative hosted a roundtable discussion on the future of the middle class in the US and other advanced economies. The event served to present a highly anticipated report by the Organisation for Economic Co-operation and Development (OECD).

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  • Financial Inclusion to Financial Sustainability – Empowering women in South Asia and Across the World

    On April 11th, the Atlantic Council’s Global Business & Economics Program and South Asia Center partnered with the Grameen Foundation India and the NGO Committee on Financing for Development to host a panel discussion titled Financial Inclusion to Financial Sustainability – Empowering women in South Asia and Across the Worldas part of the World Bank’s Civil Society Policy Forum Spring 2019.

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  • Trump Policy, Not Sanctions, to Blame for Poor US Response to Iran Floods

    The recent record flooding in Iran has killed dozens, inundated nearly 2,000 villages and cities across Iran, and caused hundreds of millions of dollars of damage to the country’s infrastructure. 

    The Trump administration’s response through the State Department, predictably, has been to offer unspecified support to the Iranian people while at the same time sharply criticizing Tehran for environmental mismanagement that exacerbates the severity of the flooding. Setting aside the accuracy of any such criticism, the ham-handed US response to this natural disaster has again exposed the Trump administration’s inability to execute a nuanced policy. It is clear that the “maximum pressure” campaign and policy mindset are harming the ordinary Iranians that President Donald Trump and his surrogates proclaim to want to help. 

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  • EU, China Agree to Deepen Trade Ties

    Both sides decide ‘there should not be forced transfer of technology’

    The European Union and China on April 9 agreed to strengthen their trade relationship, cooperate on WTO reform, widen market access, and not force businesses to hand over their intellectual property— the last a longstanding complaint of foreign investors in China.

    The announcement followed a meeting between European Council President Donald Tusk, European Commission President Jean-Claude Juncker, and Chinese Prime Minister Li Keqiang in Brussels.

    “We managed to agree a joint statement which sets the direction for our partnership based on reciprocity,” Tusk said.

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  • Diversity Builds Financial Resilience

    The diversity of financial institutions, with their differences in business models, liability structures, time horizons, and investment motivations could contribute greatly to financial resilience. Since the 2008 crisis, financial institutional diversity has helped sustain market liquidity while banks have curtailed their market-making activity [a readiness to buy and sell securities to accommodate their clients] due to regulatory changes and business strategies. Improving resiliency and liquidity in financial markets is critical to better finance the real economy, allocate risks properly, and support financial stability.
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  • Montanino in Il Sole 24: Solidale, integrata e competitiva è l’Europa sognata dagli italiani

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  • Kasperek Quoted in Vox on Trump Imposed 11 Billion Tariff on EU

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  • The Spark That Launched Brexit Has Returned and Could Torpedo Compromise

    The next week matters for European policy makers. EU finance ministers are meeting in Brussels on April 5 and 6. This will be followed by an emergency European Council summit on April 10 at which EU leaders will not only discuss Brexit, but also discuss the European Union’s position on negotiating a narrow free trade agreement with the United States. On April 12, European finance ministers and central bank governors will take part in important Group of Twenty (G-20) side discussions alongside the International Monetary Fund (IMF) and World Bank spring meetings in Washington. These leaders would have been focused on worrying signs of slumping global growth and trade tensions with the United States, but leaks to Reuters on April 3 suggest that policy makers are


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