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Brexit

Brexit

Low expectations as Johnson joins EU leaders to break Brexit deadlock

FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in LondonBy John Chalmers and Elizabeth PiperBRUSSELS/LONDON (Reuters) - Leaders from Britain and the European Union agreed on Monday that talks on their future relationship should be stepped up to clinch a deal, with Prime Minister Boris Johnson suggesting an agreement could…
bubmag
June 15, 2020
Brexit

Firms can’t cope with no deal and virus

Image copyright Getty Images British firms do not have the resilience to cope with a no-deal Brexit after the battering of the coronavirus crisis, according to the outgoing boss of industry body the CBI.Carolyn Fairbairn said a CBI member had likened a no-deal to "setting the shed on fire" while…
bubmag
June 11, 2020
Brexit

Europe’s “Hamiltonian Moment” or “Fort Sumter Fusillade”?

A credible federal fiscal capacity, as Alexander Hamilton negotiated for the fledgling US, would ensure the euro’s long-term survival. But before Europe achieves anything close to federalism, it must survive a potential “Fort Sumter” moment – that is, a backlash comparable to the 1861 attack by Confederates that marked the…
bubmag
June 8, 2020
Brexit

Thinking Of Summer Travel? Maybe Think Again

Flight hostess wearing PPE gives directions to passengers the first day of reopening of Milan ... Malpensa Airport after the lockdown on June 03, 2020. Getty Images In the coming days, the European Union is going to launch a website and smartphone app to tell its citizens where they can…
bubmag
June 4, 2020
Brexit

Europe’s Non-Hamiltonian Muddle

Although any joint EU action should be welcomed, the current COVID-19 response plan hardly amounts to a radical break with business as usual. Far from a long-awaited embrace of debt mutualization, the newly proposed European recovery fund risks being both politically unpalatable and economically inadequate. NEW YORK – This past…
bubmag
June 1, 2020
Brexit

Brexit Boost As Nissan Backs Britain Over Europe

Seven months ago, Nissan wasn’t feeling too bullish about Brexit. If Britain crashed out of Europe without an agreement, the car giant’s entire operation would “be in jeopardy”, regional bosses warned.  Today, despite the enduring threat of no-deal, they’re sounding an awful lot less downbeat. Nissan’s Sunderland plant in northeast…
bubmag
May 31, 2020