The European Commission said in a statement that some traders at the banks exchanged commercially sensitive information and coordinated trading strategies on the euro-denominated bonds, mainly through online chatrooms.
Labour MP Jo Stevens, a leading supporter of the People’s Vote campaign, said: “What an embarrassment – the Government has had to hand over huge sums of money to the EU to translate their negotiations for them.
“Maybe the original tactic of trying to talk slower and louder didn’t work?”
The European Commission president denies attempting to keep the UK in the EU as Brussels waits for MPs to approve a Brexit deal.
Brussels is preparing to reduce the threshold at which businesses start paying VAT from a turnover of £85,000 to £76,700 in a bid to „harmonise“ tax systems.
MPs on the EU scrutiny committee warned Britain will have to accept the move if it comes into force after Brexit in March 2019 because it will lose its right to veto the plans.
If Theresa May’s deal is approved by Parliament next month, Britain will pay a £39billion divorce bill to Brussels.
But if we leave without a deal in March, we may end up paying nothing at all.
As Theresa May’s tour of Berlin and Brussels ended in failure, it is more important than ever for the government to prepare for the potential damages of a ‚No Deal‘ Brexit
– Theresa May seen on camera in tense standoff with EU commission president Jean-Claude Juncker at summit
– Mr Juncker launched an extraordinary attack on the UK’s new demands as ’nebulous imprecise‘ last night
– Mrs May said she was ‚robust‘ with Mr Juncker and ‚crystal clear‘ with leaders about what she needs on Brexit
– The rescue mission came after she scraped through Tory vote of no confidence by a margin of 200 to 117 MPs
– She had hoped to wring more ‚legally binding‘ concessions from EU leaders over the Irish border backstop
They are apparently playing hardball because they believe that if the deal is vetoed by Parliament, a second referendum is more likely than No Deal.
Tony Blair has been egging the EU on today, telling them they should prepare for Brexit to be delayed and then cancelled.
(4.9.2018) The Martin Selmayr affair, which reveals much about attitudes to power and accountability at the top of the EU, is both depressing and depressingly familiar.
(18.4.2018) The non-binding text adopted in Strasbourg on Wednesday says ……..
For a true believer in democracy, Martin Selmayr runs the European Commission not as some curator of debate but like the merciless hand of a king, who will stop at nothing to protect his vision of the realm: Europe, united and free.
Make that an extremely heavy hand. Or maybe an armored bulldozer.
He said: „Italy seems to me isolated.
„Italy must not threaten. It seems that the government has understood the mistakes, but we will see if it will change.
„If it doesn’t, Italians will suffer. We’ll see. I do not think there’s a desire to change, but we’ll see.“
„I made it very clear that we are not [at] war with Italy. Italia for me is a lifelong story because I grew up with young Italians, immigrants […] Ti amo Italia,“ Juncker said in Brussels.
The Italian part of his remarks translate as „I love you Italy“.
On Saturday, Juncker hosted a dinner with Italian Prime Minister Giuseppe Conte, who emerged from the meeting saying he hoped to avoid EU punitive action.
Britons travelling to EU nations after Brexit should not have to get an entry visa even if Britain leaves without a deal, the European Commission has said.
Italy is continuing discussions with the European Commission on its contested 2019 budget, but the government has no intention of changing its plans, Italian Economy Minister Tria told reporters on Monday.
Italy’s Finance Minister Giovanni Tria said on Monday the country’s budget for next year will not change despite calls from EU peers and the EU Commission to amend it so that it would be in line with European Union laws.
The Cambodian Government can only take this decision as an extreme injustice when the EU disregards the considerable progress made by the country, despite its recent tragic past, in the implementation of numerous international conventions to which the grant of the EBA preferences is linked, particularly in the areas of labor and land rights.
Nava, 52, was the European Commission’s director for financial system surveillance and crisis management until he was appointed Consob head earlier this year.
The Commission will reportedly be sifting through Fox‘s office until Thursday. Let’s hope that the paper shredders and recycle bins at Fox haven’t been too busy. As the last time Murdoch was involved in a major scandal, his staff allegedly “destroyed millions of emails and hundreds of computer hard drives”. Move along. Nothing to see here, guvnor.
(23.3.2018) Fortunately, the lexicography experts in the corporate media and the Anti-Defamation League cleared that up for me earlier this month. According to these experts, words like “globalist” and “globalism” don’t really mean anything. They are simply Nazi code words for “the Jews.” There is actually no such thing as “globalism,” or “global capitalism,” or “transnational capitalism,” or “supranational quasi-governmental entities” like the International Monetary Fund, the World Trade Organization, the European Commission, and the European Central Bank … or, OK, sure, there are such entities, but there is no legitimate reason to discuss them, or write about them, or even casually mention them, and anyone who does is definitely a Nazi.
Through the directive, the European Commission aims to improve innovation, reinforce consumer protection and improve the security of internet payments and account access within the EU and EEA. It introduces two new types of players to the financial landscape: PISP and AISP. AISP (Account Information Service Provider) are the service providers with access to the account information of bank customers. Such services could analyze a user’s spending behavior or aggregate a user’s account information from several banks into one overview. PISP (Payment Initiation Service Provider) are the service providers initiating a payment on behalf of the user. P2P transfer and bill payment are PISP services we are likely to see when PSD2 is implemented.