Brexit & Empire
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Brexit: the Unintended Consequences
A SYMPOSIUM OF VIEWS Brexit: The Unintended Consequences Bold policy changes always seem to produce unintended consequences, both favorable and unfavorable. TIE asked more than thirty noted experts to share their analysis of the potential unintended consequences—financial, economic, political, or social—of a British exit from the European Union. 6 THE INTERNATIONAL ECONOMY SPRING 2016 Britain has been an liberal approaches to various elements of financial market frameworks. essential part of an Yet our opinions can differ. First, we have almost completely different experiences with our countries’ fi- opinion group nancial industries during the Great Recession. The Czech financial sector served as a robust buffer, shielding us defending more from some of the worst shocks. The British have had a rather different experience with their main banks, which market-based and to some extent drives their position on risks in retail bank- ing. This difference is heightened by the difference in the liberal approaches. relative weight of financial institutions in our economies, as expressed by the size of the financial sector in relation MIROSLav SINGER to GDP. The fact that this measure is three to four times Governor, Czech National Bank larger in the United Kingdom than in the Czech Republic gives rise to different attitudes toward the risk of crisis in here is an ongoing debate about the economic mer- the financial industry and to possible crisis resolution. In its and demerits of Brexit in the United Kingdom. a nutshell, in sharp contrast to the United Kingdom, the THowever, from my point of view as a central banker Czech Republic can—if worse comes to worst—afford to from a mid-sized and very open Central European econ- close one of its major banks, guarantee its liabilities, and omy, the strictly economic arguments are in some sense take it into state hands to be recapitalized and later sold, overwhelmed by my own, often very personal experience without ruining its sovereign rating. -
Ten Issues to Watch in 2021
ISSN 2600-268X Ten issues to watch in 2021 IN-DEPTH ANALYSIS EPRS | European Parliamentary Research Service Author: Étienne Bassot Members' Research Service PE 659.436 – January 2021 EN This EPRS publication seeks to offer insights and put into context ten key issues and policy areas that are likely to feature prominently on the political agenda of the European Union in 2021. It has been compiled and edited by Isabelle Gaudeul-Ehrhart of the Members' Research Service, based on contributions from the following policy analysts: Marie-Laure Augère and Anna Caprile (Food for all? Food for thought), Denise Chircop and Magdalena Pasikowska-Schnass (Culture in crisis?), Costica Dumbrava (A new procedure to manage Europe's borders), Gregor Erbach (A digital boost for the circular economy), Silvia Kotanidis (Conference on the Future of Europe, in the introduction), Elena Lazarou (A new US President in the White House), Marianna Pari (The EU recovery plan: Turning crisis into opportunity?), Jakub Przetacznik and Nicole Scholz (The vaccine race for health safety), Ros Shreeves and Martina Prpic (Re-invigorating the fight against inequality?), Branislav Staniček (Turkey and stormy waters in the eastern Mediterranean) and Marcin Szczepanski (Critical raw materials for Europe). The cover image was produced by Samy Chahri. Further details of the progress of on-going EU legislative proposals, including all those mentioned in this document, are available in the European Parliament's Legislative Train Schedule, at: http://www.europarl.europa.eu/legislative-train/ LINGUISTIC VERSIONS Original: EN Translations: DE, FR Manuscript completed in January 2021. DISCLAIMER AND COPYRIGHT This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work. -
The View from the Bridge (Summer 2021)
The view from the bridge Robin Ramsay Thanks to Nick Must (in particular) and Garrick Alder for editorial and proofreading assistance. *new* SNAFU or FUBAR? I glance at the financial pages of some of the newspapers, mainly to see the latest idiocy that has been allowed to happen. Most recently that has been the collapse of Archegos Capital, one of the many companies using borrowed capital to trade on stock market movements.1 Gambling, in other words. Archegos has gone bust, owing various banks $10 billion. So far, so rather routine. The author of a piece in the Telegraph described what Archegos’ boss Bill Hwang had been doing – his ‘trading strategy’. ‘Hwang was mostly trading through total return swaps. As derivatives go, these are pretty plain vanilla. They give investors exposure to an underlying asset without having to own it (and therefore appear on the regulatory filings that disclose the biggest holders of publicly-listed shares). The other main benefit is that swaps allow you to leverage up the bet. And here lies the crux to this tale: the sheer extent of the leverage that Hwang was running – up to 20 times on some positions, according to reports. This meant that if the shares he was betting on rose 5pc, he’d make a return of 100pc. On the flip side, if they fell 5pc, his entire stake would be wiped out. Which is more or less precisely what happened.’2 1 <https://www.ft.com/content/8062ef53-790f-4470-99d5-265335a72334> The FT report on this was honest enough to include a gambling analogy in the very first sentence, referring to Archeos as having made ‘soured bets’. -
Defence and Security After Brexit Understanding the Possible Implications of the UK’S Decision to Leave the EU Compendium Report
Defence and security after Brexit Understanding the possible implications of the UK’s decision to leave the EU Compendium report James Black, Alex Hall, Kate Cox, Marta Kepe, Erik Silfversten For more information on this publication, visit www.rand.org/t/RR1786 Published by the RAND Corporation, Santa Monica, Calif., and Cambridge, UK © Copyright 2017 RAND Corporation R® is a registered trademark. Cover: HMS Vanguard (MoD/Crown copyright 2014); Royal Air Force Eurofighter Typhoon FGR4, A Chinook Helicopter of 18 Squadron, HMS Defender (MoD/Crown copyright 2016); Cyber Security at MoD (Crown copyright); Brexit (donfiore/fotolia); Heavily armed Police in London (davidf/iStock) RAND Europe is a not-for-profit organisation whose mission is to help improve policy and decisionmaking through research and analysis. RAND’s publications do not necessarily reflect the opinions of its research clients and sponsors. Limited Print and Electronic Distribution Rights This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited. Permission is given to duplicate this document for personal use only, as long as it is unaltered and complete. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial use. For information on reprint and linking permissions, please visit www.rand.org/pubs/permissions. Support RAND Make a tax-deductible charitable contribution at www.rand.org/giving/contribute www.rand.org www.rand.org/randeurope Defence and security after Brexit Preface This RAND study examines the potential defence and security implications of the United Kingdom’s (UK) decision to leave the European Union (‘Brexit’). -
BRITAIN and the NEW EUROPEAN AGENDA Lionel Barber
GROUPEMENT D'ETUDES ET DE RECHERCHES NOTRE EUROPE President : Jacques Delors CENTRE FOR EUROPEAN REFORM Director : Charles Grant BRITAIN AND THE NEW EUROPEAN AGENDA Lionel Barber Research and Policy Paper n°4 April 1998 (Originally published by the Centre For Reform, January 1998 Text updated by Lionel Barber and published by Notre Europe, April 1998) 44, Rue Notre-Dame des Victoires F-75002 Paris Tel : 01 53 00 94 40 e-mail : [email protected] http://www.notre-europe.asso.fr/ Study avalaible in French, English, German and Italian © Notre Europe, April 1998. 2 Lionel Barber Lionel Barber has been Brussels correspondent of the Financial Times since 1992. He has also worked as the FT's Washington correspondent. He has lectured widely in the US and Europe on the EU, transatlantic relations and US foreign policy. Author's acknowledgement I would like to thank Yves Mény, head of the Robert Schuman Centre at the European University Institute in Fiesole, who was kind enough to offer me a visiting fellowship in April-May 1996. Some of the ideas in this paper have their origin in many pleasant and stimulating exchanges at the Schuman centre. Notre Europe “Notre Europe” is an independent research and policy unit whose objective is the study of Europe – its history and civilisations, path to integration and future prospects. The association has started work in January 1997. It has a small, multi-national team of six in-house researchers (French, German, Belgian, Italian, Portuguese and British), chaired by Jacques Delors. “Notre Europe” participates in public debate in two ways. -
Democratic Audit: European Parliament Elections 2019: What Will Happen in the North West of England? Page 1 of 7
Democratic Audit: European Parliament elections 2019: what will happen in the North West of England? Page 1 of 7 European Parliament elections 2019: what will happen in the North West of England? The North West is traditionally a stronghold for Labour, who came first and took three of the region’s eight seats the last time European Parliament elections were held in 2014. This time, however, the Brexit Party are outperforming UKIP’s past success in this area, and will win multiple seats from the region’s majority of pro-Leave voters in the 2016 referendum. The Conservative’s decline opens up a chance for one of the three strong pro-Remain parties to also win a seat, with the Lib Dems looking strongest and the Greens in with a chance of a seat. With voters able to cast only a single vote for a party list, the Democratic Audit team reviews likely outcomes for the parties and the main potentially electable candidates. Liverpool. Photo by Conor Samuel on Unsplash Note: This article was first published on 17 May and updated on 20 May to take into account the latest regional polling data. The North West covers England west of the Pennines, stretching up from its southern borders in Cheshire to sparsely populated Cumbria, bordering Scotland in the north. The key urban centres are Greater Manchester and Merseyside, plus many former industrial towns, but with substantial rural areas also. With eight MEPs the effective threshold for gaining a seat is around 7–9% for smaller parties, depending on how many votes the big two (Labour and Brexit) attract. -
To See the Full Programme for the Battle of Ideas 2017
CONTENTS The Battle of Ideas is an annual festival which 2 Ticket prices and festival information 3 Why the Battle of Ideas? brings together 400-plus speakers for over 3 Registration times 100 debates over the course of the weekend, and through stand-alone satellite events held SATURDAY from September to November throughout the 4 Welcome Address UK and Europe. You can find out more about 4 Saturday Keynote Controversies 6 The Politics of the Personal these satellite events on pages 52–59. 8 Intellectual Life 10 Understanding America This brochure will help you plan and navigate your visit to 12 The New Political Landscape the festival weekend. The debates are organised by room 14 Battle for the Economy or by themed topic areas we call ‘strands’. For example, the 16 Culture Wars ‘Science and Ethics’ strand covers contemporary issues in 18 City Life medicine, genetics and space exploration. The festival is 20 Contemporary Controversies organised so that you can follow one strand throughout the day, or pick and choose debates from different strands on WEEKEND ATTRACTIONS topics that interest you. 22 Battle Specials Whatever you decide to do, with such a wide range of 23 Book Club Salons debates and discussion, we are sure there will be plenty for 24 Lunchtime Shorts everyone to think about. 25 Festival Attractions and Entertainment ESSENTIAL INFORMATION 28 Battlefields: Barbican maps 30 Saturday Timetable 31 Sunday Timetable SUNDAY 32 Sunday Keynote Controversies 34 Eye on the World 36 Debating the Past 38 Law and Order 40 Tech Futures 42 Crisis of Political Language 44 Battle for Education 46 Contemporary Controversies 48 State of the Nation 50 Science and Ethics SATELLITES 52 UK Satellite Events 56 Battle of Ideas Europe 60 Thanks BATTLEOFIDEAS.ORG.UK 1 BOI Brochure 2017 1.7.indd 1 12/10/2017 18:56 BATTLE OF IDEAS TICKETING INFORMATION The Battle of Ideas takes place at the Barbican, London, on Saturday 28 and Sunday 29 October. -
New Perspectives Foreword
The future of the EU: new perspectives Foreword Brexit has dominated the media and political landscape of the United Kingdom since the referendum of 2016. One interesting side effect of this has been the way the ropeanEu Union – still the UK’s nearest and largest trading partner – has been discussed solely in terms of its role in the Brexit negotiations. Yet whatever the outcome of these discussions, what the European Union is and does will continue to affect not only its own citizens but also the UK itself. This strikes me as an excellent moment to attempt to focus more directly on the EU itself and understand what is going on within it and how it might develop in the future. We find ourselves early in the EU’s new institutional cycle, with a new cast of EU leaders and a new set of policy priorities. Despite the much-vaunted unity that the 27 have displayed during the Brexit process, conflicts and tensions between member states, as well as between some of them and the EU institutions, persist. There remain fundamental disagreements between member states and institutions on issues like migration and the euro zone, not to mention more existential questions about future integration and the rule of law. Underlying everything are difficult to resolve differences on the balance of burden ring.sha I’m delighted we’ve been able to bring together some of the best young writers and thinkers on the EU to offer their take on the future of the EU’s institutions, its member tessta and its policies. -
Reclaiming Democracy
RECLAIMING DEMOCRACY The Left Case for Sovereignty CLAIRE FOX Non-attached Member of the European Parliament for North West England HENRIK OVERGAARD-NIELSEN Non-attached Member of the European Parliament for North West England Reclaiming Democracy The Left Case for Sovereignty Claire Fox; Henrik Overgaard-Nielsen Non-attached members of the European Parliament Production Manager – Samuel Parker, Head of European Affairs to Claire Fox Editor – Mo Lovatt, local assistant to Claire Fox and Henrik Overgaard-Nielsen Authors (in alphabetical order) Sabine Beppler-Spahl, Tom Bewick, Philip Cunliffe, Claire Fox, Maurice Glasman, John Mills, Henrik Overgaard-Nielsen, Peter Ramsay, Steve Roberts, Alka Sehgal Cuthbert Proofreading Rob Lyons, Academy of Ideas Designer Winter Design Printer Craig Johnston With thanks to Allan Vesterlund, Head of Office to Henrik Overgaard-Nielsen Tony Brown, European Parliament policy advisor Non-attached members of the European Parliament are those members of the Parliament not formally associated with the primary legislative groups and coalitions that exercise official authority in the Commission or in the Parliamentary chamber. Disclaimer: Opinions expressed in this publication are personal and do not reflect the views of the European Parliament or the Brexit Party. RECLAIMING DEMOCRACY The Left Case for Sovereignty “What power have you got? Where did you get it from? In whose interests do you use it? To whom are you accountable? How do we get rid of you? Anyone who cannot answer the last of those questions does -
The New European Parliament: a Look Ahead
THE NEW EUROPEAN PARLIAMENT: A LOOK AHEAD JUNE 2019 THE NEW EUROPEAN PARLIAMENT: A LOOK AHEAD More than 200 million EU citizens cast their votes between 23 and 26 May 2019 to choose the next cohort of MEPs. The new European Parliament is characterised by increased fragmentation and therefore a greater role for smaller parties. This briefing provides an overview of the The pro-European wave evidenced by the election results, explains what to expect rise of ALDE&R and the Greens coincided in the years to come and considers how with a sharp and unprecedented increase the new alignment of political groups will in voter engagement. Since the late 1970s, affect the EU’s balance of power. The turnout for the European elections had briefing also includes national steadily gone down, reaching a historic perspectives from Bulgaria, France, low of 43% in 2014. At 51%, this year’s Germany and the UK. In addition, we look turnout might be a significant outlier – or it at some of the key incoming and could show that, in an age of Brexit, outgoing MEPs and present a timeline of nationalism and climate change, the EU upcoming institutional changes. may yet have something unique to offer. The election results What to expect from the The 2019 elections marked the beginning 2019-2024 European of a new era: for the first time in the Parliament Parliament’s 40-year history, the two major A more collaborative Parliament parties have lost their majority. The centre- With the two biggest groups – the EPP right European People’s Party (EPP), and S&D – having shed seats and lost though still the largest group, saw the their combined absolute majority, the greatest reduction in seats, with the duopoly of power has been broken with centre-left Socialists and Democrats (S&D) smaller groups hoping this will be to their losing a similar number of MEPs. -
The New European Union and Its Global Strategy
The New European Union and Its Global Strategy The New European Union and Its Global Strategy: From Brexit to PESCO Edited by Valentin Naumescu The New European Union and Its Global Strategy: From Brexit to PESCO Edited by Valentin Naumescu This book first published 2020 Cambridge Scholars Publishing Lady Stephenson Library, Newcastle upon Tyne, NE6 2PA, UK British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Copyright © 2020 by Valentin Naumescu and contributors All rights for this book reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. ISBN (10): 1-5275-4068-5 ISBN (13): 978-1-5275-4068-2 TABLE OF CONTENTS Foreword ................................................................................................. viii Last Chance: the Reform of the European Union in the Post-Brexit Era Valentin Naumescu Acknowledgements ................................................................................ xvii Part I. The European Union as a Global Actor Chapter One ................................................................................................ 2 Is the Transatlantic Alliance Facing an Inevitable Unravelling? Alexandru Lăzescu and Octavian Manea Chapter Two ............................................................................................. 36 The European Union and -
Dealing with the Past in Northern Ireland
Fordham International Law Journal Volume 26, Issue 4 2002 Article 9 Dealing With the Past in Northern Ireland Christine Bell∗ ∗ Copyright c 2002 by the authors. Fordham International Law Journal is produced by The Berke- ley Electronic Press (bepress). http://ir.lawnet.fordham.edu/ilj Dealing With the Past in Northern Ireland Christine Bell Abstract This Article “audits” Northern Ireland’s discrete mechanisms for dealing with the past, with a view to exploring the wider transitional justice debates. An assessment of what has been done so far is vital to considering what the goals of addressing the past might be, what future developments are useful or required, and what kind of mechanisms might successfully be employed in achieving those goals. DEALING WITH THE PAST IN NORTHERN IRELAND Christine Bell* INTRODUCTION The term "transitional justice" has increasingly been used to consider how governments in countries emerging from deeply rooted conflict address the legacy of past human rights viola- tions.' While the term has a pedigree dating back to the Nuremburg Tribunals, three contemporary factors have reinvig- orated interest.2 The first factor is the prevalence of negotiated agreements as the preferred way of resolving internal conflicts. Premised on some degree of compromise between those who were engaged militarily in the conflict, these compromises affect whether and how the past is dealt with. As Huyse notes, the wid- est scope for prosecutions arises in the case of an overthrow or "victory" where virtually no political limits on retributive punish- * Professor Bell is the Chair in Public International Law, Transitional Justice Insti- tute, School of Law, University of Ulster, and a former member of the Northern Ireland Human Rights Commission.