CETA Reactions

WEEKLY COMMENT 27-10-2016

By Barry Edwards

CETA Reactions 

The big fuss about the Walloon government rejection of the Canadian trade deal CETA that we discussed last week has now been resolved although the exact terms of the deal that was made are not yet released, at least, I cannot find any reference to it. The whole saga has instigated an outpouring of debate about trade deals and the future of the EU. Jorgo Riss is director of Greenpeace’s European unit and he has written an article about the ramifications of the CETA deal from his perspective, if you click on the link below you read it (one page only); read more

EU Trade Agreements

WEEKLY COMMENT 20-10-2016

By Barry Edwards

EU Trade Agreements

 

The European summit which finishes today in Brussels was meant to finalise the trade agreement with Canada referred to as the Comprehensive and Economic Trade Agreement (CETA). The announcement that the Wallonian regional government have rejected the terms of CETA has thrown a spanner in the works for the EU Commission. They have been trying hard to rewrite the sections they object to but last night, 20th October, the Wallonian’s rejected the latest offer. read more

€20bn Brexit Bill

WEEKLY COMMENT 13-10-2016

By Barry Edwards

€20bn Brexit Bill

The big Brexit discussion this week has been about the cost of leaving the EU which is estimated to be around €20bn but could be much higher if all commitments and guarantees are taken into account. As usual, this is another aspect of leaving the EU that was never mentioned prior to the referendum and it will clearly have an enormous impact on the agreement that will decide the terms of the UK’s departure from the EU. In fact, it appears that instead of saving the current net cost of the contributions made into the EU budget it will probably exceed that amount for several years after the actual separation. read more

World Economic Outlook

WEEKLY COMMENT 6-10-2016

By Barry Edwards

World Economic Outlook

 

The IMF twice yearly World Economic Outlook, Subdued Demand, Symptoms and Remedies has been published this week coinciding with their annual gathering in New York. As usual, it is a very thorough and detailed document presenting the facts and solutions to the world economy. It is a very lengthy document but it is worth reading the executive summary which is 4 pages, if you click on the link below you can read that section and the rest of the report if you have the time; read more