european union

No Brexit Talks For Several Months, EU’s Juncker Concedes

PARIS, July 25 – Britain will need months of preparation before Brexit talks can start, EU Commission President Jean-Claude Juncker said on Monday, chiding the government in London for not preparing better for the possibility of a ‘Leave’ vote. Juncker, who also confirmed Britain would lose unrestricted access to the internal European Union market if

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UK’s Hammond: Brexit Path Might Be Clearer Later This Year

CHENGDU, China, July 24 – Britain’s new finance minister Philip Hammond sought to address concerns among global finance chiefs about the uncertain path ahead for the country’s exit from the European Union, saying there could be more clarity later this year. But Hammond also warned that volatility in financial markets was possible throughout the two-year

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Putsched Out

Turkey’s coup holds lessons for the region By Shadi Hamid On a Friday night, just a day after a horrific attack in Nice, France, that had taken the lives of more than 80, rumors of a military coup in Turkey began to spread. It was a reminder that even the most unlikely things can happen in a

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EU Eyes Israeli Technologies For Spotting Militants Online

By Dan Williams TEL AVIV, July 19 – European powers are trying to develop better means for pre-emptively spotting “lone-wolf” militants from their online activities and are looking to Israeli-developed technologies, a senior EU security official said on Tuesday. Last week’s truck rampage in France and Monday’s axe attack aboard a train in Germany have

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Merkel Tells Erdogan Death Penalty Not Compatible With EU Membership

By Michael Nienaber and Andrea Shalal BERLIN, July 18 – Turkey cannot join the European Union if it reinstates the death penalty, German Chancellor Angela Merkel told Turkish President Tayyip Erdogan in a telephone call on Monday, a German spokeswoman said. Turkey abolished capital punishment in 2004, allowing it to open EU accession talks the

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“No Excuse” for Turkey to Abandon Rule of Law: EU’s Mogherini

By Alastair Macdonald and Robert-Jan Bartunek BRUSSELS, July 18 – EU foreign policy chief Federica Mogherini warned the Turkish government on Monday against taking steps that would damage the constitutional order following a failed weekend coup. “We were the first… during that tragic night to say that the legitimate institutions needed to be protected,” she

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U.K.’s New Finance Minister: We Will Do Whatever is Necessary After Brexit

By Costas Pitas and Kate Holton LONDON, July 14 – Britain’s new finance minister, Philip Hammond, said on Thursday that he would do whatever is necessary to steady the economy and restore confidence after the Brexit vote. Hammond, 60, was appointed by Britain’s new Prime Minister Theresa May to run the world’s fifth largest economy.

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Brexit and Protectionism: Two More Nails in Globalization’s Coffin

BY Christopher Dembik The globalization process has clearly stopped. The evolution of international trade in volume is close to its lowest level, which is the best proof that globalization is not working so well anymore. Not only this, but also the glorious period of the 2000s, which corresponds to a time of accelerated globalization as a

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