By Jared Angle
October 19, 2015
*Note: this article is a hypothetical policy memo for a graduate school assignment and does not necessarily reflect my exact opinions on aspects of the TTIP negotiations.
Despite strong indications that the Transatlantic Trade and Investment Partnership (TTIP) will be successfully concluded in the near future, the European Commission must take several steps to ensure the agreement’s ratification by European Union member states.
- Increase public and media access to TTIP negotiation texts and draft proposals
- Dismantle the existing investor-state dispute settlement (ISDS) framework and establish an investment court system that is equitable, democratically accountable, and publicly accessible
- Establish a comprehensive food labeling system to protect regional agricultural traditions, identify GMO products, and facilitate consumer choice in European and American markets
For the past two years, citizens of EU member states have paid considerable attention to the ongoing TTIP negotiations. Multiple public consultations have demonstrated significant dissatisfaction surrounding the quality and impact of TTIP as it currently stands. This public opposition gives the European Commission renewed incentive to use the next round of negotiations as an opportunity to coordinate with our counterparts at the Office of the United States Trade Representative (USTR) to make key revisions to the proposed text of the agreement in a manner that addresses the concerns of European civil society while also reconciling the economic interests of private individuals and enterprises in each sector.
Continue reading “Policy proposals to boost support for the Transatlantic Trade and Investment Partnership”
Since the euro’s introduction in 1999, over 75 percent of foreign debts have been denominated in euros and US dollars, echoing the dual-currency system of the first half of the twentieth century, when the dollar and the British pound sterling were the key currencies in international finance.
With the euro seen as a stabilizing factor for regional economies, many nations have pegged their national currencies to the euro, maintaining a fixed exchange rate. Bulgaria, Denmark, Croatia, and more than a dozen mostly-francophone West and Central African countries have pegged their currencies to the euro. Such was the case for Switzerland until January 2015, when the Swiss National Bank suddenly scrapped the Swiss franc’s peg to the euro in an effort to preempt the European Central Bank’s planned €60 billion-per-month quantitative easing program.
Continue reading “Implications of unsustainable euro inflation for US exports”
Despite a virtual tie with Labour in pre-election polling, the sweeping Conservative victory on May 7 was far from unprecedented. New analysis by the Economist magazine recalls the role of a “silent majority,” which propelled the Conservatives to 10 Downing Street in 1970 and 1992 despite polls suggesting defeat at the hands of Labour. With a majority of 331 seats in the House of Commons, the Tories no longer need a coalition government with the Liberal Democrats, whose leader Nick Clegg has stepped down. Labour leader Ed Miliband also stepped down after the election, while the Scottish National Party swept up all but three of Scotland’s 59 constituencies and stands to quintuple its parliamentary funding.