Strasbourg Lunches 2017

 

4th Strasbourg Lunch

Wednesday, 5 April 2017 at 13.15 hrs

 

“The EU-Training Mission in the Central African

Republic: A necessary mission in a suffering

country”

 

Speaker:

Major General Eric HAUTECLOQUE-RAYSZ, Deputy-Commander of the Eurocorps, Strasbourg

 

Statements:

Ana GOMES MEP, S&D/Portugal, Member of the Subcommittee on Security and Defence

(other speakers to be confirmed)

Agenda
LS04_20170405.pdf
PDF-Dokument [57.8 KB]

3rd Strasbourg Lunch, Wednesday, 15 March 2017 at 13.15 hrs

 

“Trade: How Europe can deliver”

 

Speaker:

Cecilia MALMSTRÖM, Commissioner for Trade

 

Statements:

Bernd LANGE MEP, S&D/Germany, Chairman of the Committee on International Trade

Artis PABRIKS MEP, EPP/Latvia, Member of the Committee on International Trade

Agenda
LS03_20170315.pdf
PDF-Dokument [55.9 KB]

2nd Strasbourg Lunch, Wednesday, 15 February 2017 at 13.15 hrs

 

“The Future of EU Trade Defence”

 

Speakers:

  • Godelieve QUISTHOUDT-ROWOHL, EPP/Germany, Member of the Committee on International Trade
  • Wolfgang MUELLER, Head of Unit, DG Trade
  • Mark SCIRIHA, Senior Policy Officer, Maltese Presidency
  • Stefan GRÜNHAGE, Chairman foreign trade and statistics committee, German Steel Federation (Wirtschaftsvereinigung Stahl)
Agenda
LS02_20170215f.pdf
PDF-Dokument [248.0 KB]
Minutes_LS02
LS02_Minutes_20170215fin.pdf
PDF-Dokument [8.7 MB]

1st Strasbourg Lunch, Wednesday 18 January 2017 at 13.15 hrs

 

“Upcoming Legislation on Endocrine Disruptors: Its potential impact

on the functioning of the Internal Market”

 

Speakers:

Christian BUSOI MEP, EPP/Romania, Member of the Committee on the Environment, Public Health and Food Safety

Julie GIRLING MEP, ECR/UK, Member of the Committee on the Environment, Public Health and Food Safety

Dr. Andy ADAMS, Global Public and Governmental Affairs, Bayer Crop Science

Agenda
LS01_20170118.pdf
PDF-Dokument [56.4 KB]

 

More information to this issue:

 

Information 1
ECPA ED explained_infographic.pdf
PDF-Dokument [3.6 MB]
Download
Information 2
Neuer Datei-Download

Strasbourg Lunches 2016

 

12th Strasbourg Lunch, Wednesday, 14 December 2016 at 13.15 hrs

REACH and Better Regulation - The case of Essential Oils

 

Speakers:

Mehdi HOCINE, Deputy Head of Unit, DG Grow

Michael CARLOS, Chairman of the Board, IFRA

 

Agenda
LS12_20161214.pdf
PDF-Dokument [55.9 KB]

11th Strasbourg Lunch, Wednesday, 23 November 2016

 

“Improving Patients' Access to Medicines: What role

for the European Parliament?”

 

Speakers:

Andrey KOVATCHEV MEP, EPP/Bulgaria, Quaestor of the European Parliament, Member of the Committee on the Environment, Public Health and Food Safety

 

Karin KADENBACH MEP, S&D/Austria, Member of the Committee on the Environment, Public Health and Food Safety

 

Alexander NATZ, Secretary-General, Eucope

 

Yann LE CAM, CEO, EURODIS / Valentina BOTTARELLI, Public Affairs Director, EURODIS

Agenda
LS11_20161123.pdf
PDF-Dokument [58.8 KB]

10th Strasbourg Lunch, Wednesday, 26 October 2016

 

“Current Issues of EU Financial Services Regulation”

 

Speakers:

Valdis DOMBROVSKIS, Vice-President of the Commission

Burkhard, BALZ, MEP

Markus FERBER, MEP

Sylvie GOULARD, MEP

Bryan Hayes, MEP

Agenda
LS10_20161026.pdf
PDF-Dokument [56.7 KB]

9th Strasbourg Lunch, Wednesday 5 October 2016 at 13.15 hrs

 

"Revision of the CO2 Emissions Trading System-Preconditions to avoid Carbon Leakage from the perspective of the Steel Industry"

 

Speakers:

Jens GIESEKE, MEP

Jens TRAUPE, Salzgitter AG

 

Agenda
LS09_20161006.pdf
PDF-Dokument [56.6 KB]

8th Strasbourg Lunch, Wednesday, 14 September 2016 at 13.15 hrs

 

"Geopolitics in Energy" - "Consequences of Brexit for energy companies"

 

Speaker:

 

Emmanuel HATON, Director, BP

Agenda
LS08_20160914.pdf
PDF-Dokument [123.6 KB]

7th Strasbourg Lunch, Wednesday 6 July 2016 at 13.15 hrs

 

What does the Eurocorps need to become an effective instrument of the CSDP”

 

Speaker:

Alfredo RAMIREZ FERNANDEZ, Lieutenant General, Commanding General of the Eurocorps, Strasbourg

Agenda
LS07_20160706.pdf
PDF-Dokument [55.8 KB]

6th Strasbourg Lunch, Wednesday, 8 June 2016 at 13.15 hrs

 

“Radiofrequencies for a connected Europe”

 

Speakers:

Gunnar HÖKMARK MEP, EPP/Sweden, Shadow-Rapporteur, Member of the Committee on Industry, Research and Energy

Amjad BASHIR MEP, ECR/UK, Shadow-Rapporteur and Member of the Committee on Industry, Research and Energy

Uli REHFUESS, Head of Spectrum Policy and Regulation, Nokia

Agenda
LS06_20160608.pdf
PDF-Dokument [57.0 KB]

 

5th Strasbourg Lunch, Wednesday, 11 May 2016 at 13.15 hrs

 

Land and Sea Borders”

 

Speakers:

Artis PABRIKS, MEP, EPP/Latvia, Member of the Committee on International Trade and the Committee on Committee on Civil Liberties, Justice and Home Affairs, Rapporteur

 

Nathalie GRIESBECK MEP, ALDE/France, Member of the Committee on Civil Liberties, Justice and Home Affairs

 

Helga STEVENS MEP, ECR/Belgium, Member of the Committee on Civil Liberties, Justice and Home Affairs

see photos ...

Agenda
LS05_20160511.pdf
PDF-Dokument [56.0 KB]

 

4th Strasbourg Lunch, Wednesday, 13 April 2016 at 13:15 hrs.

 

Competitiveness of the Steel Industry:

Which Impact has the Reform of the ETS Directive?”

 

Speakers:

Peter LIESE MEP, EPP/Germany, EPP-Coordinator for the Committee on the Environment, Public Health and Food Safety

 

Hans-Jürgen KERKHOFF, President of the German Steel Federation

Agenda
LS04_20160413.pdf
PDF-Dokument [55.6 KB]

 

3rd Strasbourg Lunch, Wednesday 9 March 2016

 

“The Single Market Strategy:

The Role of SOLVIT”

 

Speakers:

Lara COMI MEP, EPP/Italy, Member of the Committee on the Internal Market and Consumer Protection, rapporteur on Single Market Strategy

Andreas SCHWAB, EPP/Germany, Member of the Committee on the Internal Market and Consumer Protection

Christiaan PRINS, Head of European External Affairs, Unilever

Agenda
LS03_20160309.pdf
PDF-Dokument [57.2 KB]

 

2nd Strasbourg Lunch, Wednesday, 3 February 2016 at 13.15 hrs

 

"The Future of the European Union"

 

Welcome by: Michael GAHLER MEP, President of the Kangaroo Group

... more

 

Agenda
LS02_20160203.pdf
PDF-Dokument [53.5 KB]

1st Strasbourg Lunch, Wednesday, 20 January 2016 at 13.15 hrs

 

“Low Oil Prices”

 

Speaker:

Emmanuel HATON, Director European Government Affairs, BP

 

Statements:

Paul RÜBIG MEP, EPP/Austria, Member of the Committee on Industry, Research and Energy

Miroslav POCHE MEP, S&D/Poland, Member of the Committee on Industry, Research and Energy

 

Agenda
LS01_20160120.pdf
PDF-Dokument [56.6 KB]

 

Strasbourg Lunches 2015

 

 

12th Strasbourg Lunch, Wednesday 16 December 2015 at 13.15 hrs

 

“Refugees – is there a solution for Europe?”

 

Welcome by: Michael GAHLER MEP, President of the Kangaroo Group

 

Agenda
LS12_20151216.pdf
PDF-Dokument [101.5 KB]

11th Strasbourg Lunch, Wednesday 25 November 2015 at 13.15 hrs

 

“IMI 2- New challenges, new focus areas”

 

Speaker:

Pierre MEULIEN, Executive Director, Innovative Medicines Initiative (IMI)

 

Statement:

Marian-Jean MARINESCU MEP, Vice-Chair Group of the European People's Party (Christian Democrats)

 

Agenda
LS11_20151125.pdf
PDF-Dokument [163.5 KB]
Memo Speaker
LS11_20151125_IMI flyer .pdf
PDF-Dokument [241.2 KB]

 

10th Strasbourg Lunch, Wednesday 28 October 2015 at 13.15 hrs

 

“Protection of Know-How and Confidential Business Information: What does really cover the proposed Directive on Trade Secrets?”

 

Speakers:

Jean-Marie CAVADA MEP, Vice-Chair of the Committee on Legal Affairs

Andreas SCHWAB MEP, Member of the Committee on the Internal Market and Consumer Protection

Pauline BAUMGARTNER HARRIS, Senior IP Counsel, Firmenich, Geneva

 

Agenda
LS10_20151028.pdf
PDF-Dokument [60.6 KB]

9th Strasbourg Lunch, Wednesday, 7 October 2015 from 13:15 until 14:30 hrs

 

The Programme of the Plenary will be extraordinarily busy due to the speech of the King of Spain and the visit of Angela Merkel and Francois Hollande therefore our Lunch will take place without a speaker but we will have a discussion about the current topics

Agenda
LS09_20151007.pdf
PDF-Dokument [155.9 KB]

7th STRASBOURG LUNCH

8 July 2015 from 13:15 until 14:30 hrs

 

"Cooperatives - Entrepreneurial Pillarof Modern European Social Market Economy?

 

Speaker:

Klaus NIEDERLÄNDER, Director, Europe Region of International Co-operative Alliance

Agenda
LS07_20150708.pdf
PDF-Dokument [99.1 KB]

6th STRASBOURG LUNCH

Wednesday, 10 June 2015 from 13.00 until 14.30 hrs

 

"Projects of the Kangaroo Group during the next Semester"

Agenda
LS06_20150610.pdf
PDF-Dokument [96.5 KB]

5th STRASBOURG LUNCH

Wednesday, 20 May 2015 from 13.00 until 14.30 hrs

 

"Expactations from the Defence Summit?"

 

Speaker:

Bert VERSMESSEN, Advisor on CSDP at the European External Action Service

 

Statements:

Elmar BROK, MEP, Chairman of the Committee on Foreign Affairs

Ioan Mircea PASQU, MEP, Vice-Chairman of the Committee on Foreign Affairs

Agenda
LS05_20150520.pdf
PDF-Dokument [99.9 KB]

4th STRASBOURG LUNCH

Wednesday, 29 April 2015 from 13.00 until 14.30 hrs

 

"Lessons learned from the fight against Polio an Ebola - What can Europe do?"

 

Speakers:

Neven MIMICA, Commissioner for International Cooperation and Development

H.E. Ambassador John E. LANGE (Ret.), Senior Fellow, Global Health Diplomacy,

United Nations Foundation

Sarah CROWE, Senior Adviser, UNICEF - on behalf of the Global Polio Eradication

Initiative

Agenda
LS04_20150429fin.pdf
PDF-Dokument [102.5 KB]
Speech Abassador Lange
LS4_20150429 Amb Lange Speech to Kangaro[...]
PDF-Dokument [102.1 KB]

3rd STRASBOURG LUNCH

Wednesday, 11 March 2015 at 12.00 hrs

 

"Protection of Know-how: Stimulus fon Innovation and Competitiveness? or Obstacle to general interest and worker mobility?"

 

Speakers:

Andreas SCHWAB, MEP, Member of the Committee on Internal Market and Consumer Protection

Constance LE GRIP, MEP, Member of the Committee on Constitutional Affairs

Michèle RIVASI, MEP, Member of the Committee on Industry, Research and Energy

Werner RUESS, EU Affairs Manager, Michelin

Agenda
LS03_20150311.pdf
PDF-Dokument [99.5 KB]

 

2nd STRASBOURG LUNCH

Wednesday, 11 February 2015 from 13:00 until 14.30 hrs

 

"Smart Energy for EU Crisis Management and Foreign Aid projects"

 

Speaker:

Michael KEINERT, CFO, Pfisterer Holding

Agenda
LS02_20150111.pdf
PDF-Dokument [99.5 KB]

 

1st STRASBOURG LUNCH

Wednesday, 14 January 2015 from 13:00 until 14.30 hrs

 

"Interconnecting Europe´s regions for sustainable growth"

 

Speaker:

Tor Eigil HODNE, Senior Vice President, Stattnett

Agenda
LS01_20150114.pdf
PDF-Dokument [98.4 KB]

“Interconnecting Europe's regions for sustainable growth”

 

By Tor Eigil Hodne, SVP European Affairs, Statnett, meeting with the Kangaroo Group – European Parliament, Strasbourg 14 January 2015

 

Statnett is a leading European interconnector company. We are the electricity system operator in Norway, and take a leading role in the market coupling in Europe. In addition, we are just about to make investment decision for the longest interconnectors in the world, linking Norwegian hydro to Germany (2018) and UK (2020). These major achievements towards a European Internal Energy Market depend on ...

 

Here you can download the contribution ...

Strasbourg Lunches 2014

 

11th STRASBOURG LUNCH

Wednesday, 17 December 2014 from 13:00 until 14.30 hrs

 

"Satellite: A key element in the future digital networks and ecosystem - Building the foundations of the next decade communications networks"

 

Speaker:

Karim Michel SABBAGH, CEO SES

 

Statements:

Viviane REDING, MEP, Former Vice-President of the European Commission

Angelika NIEBLER, MEP, Member of the Committee on the Internal Market and Consumer Protection

Sabine VERHEYEN, MEP, Member of the Committee on the Internal Market and Consumer Protection

Christian EHLER, MEP, Member of the Committee on Industy, Research and Energy

Agenda
LS11_20141217.pdf
PDF-Dokument [100.3 KB]

 

“Satellite: A Key Element in the Future Digital Networks and Ecosystems – Building the Foundations of the Next Decade Communications Networks”

 

Karim Michel Sabbagh

President and CEO of SES

 

Speech at the 11th Kangaroo luncheon

Strasbourg, 17 December 2014

 

Good afternoon Ladies and Gentlemen. It is a pleasure and a privilege to join you today for this important conversation on the role of satellites in shaping future digital networks and ecosystems.

 

The objective before us is formidable: to achieve ubiquitous access to the European and global digital highway. In doing so, we will provide an indispensable enabler to the solutions for dealing with the challenges of our age: economic growth, social integration and development, universal education and healthcare, and political freedom.

 

In this public discourse, the digital highway ...

 

Here you can download this speech ...

20141217_Speech_Sabbagh_LS11.pdf
PDF-Dokument [89.4 KB]

10th STRASBOURG LUNCH

Wednesday, 26 November 2014 from 13:00 hrs

 

"Boosting Logistics - Cornerstone of Europe´s Competitiveness"

 

Speaker:

Paul Graham, CEO Mainland Europe, Middle East and Africa, DHL Supply Chain

Agenda
LS10_20141126.pdf
PDF-Dokument [99.0 KB]

 

9th STRASBOURG LUNCH

Wednesday, 22 Oktober 2014 from 13:00 hrs

 

"Better Protecting Know-How Enhancing European Competitiveness"

 

Speakers:

Andreas SCHWAB MEP, Member in the Committee on the Internal Market and Consumer Protection

Kerstin JORNA, Director, DG Markt, Dir D-Intellectual Property

Thomas DRESSLER, President EMEA, Scent & Care Division, Symrise AG

Agenda
LS09.pdf
PDF-Dokument [100.3 KB]

8th STRASBOURG LUNCH

Wednesday, 17 September 2014 from 13:00 hrs

 

"Enforcing and Completing the Single Market for Goods"

 

Speaker:

Christian Prins, Head of Unilever European External Affairs, Brussels

Agenda
LS08.pdf
PDF-Dokument [99.7 KB]
Summarized version of the speech of Christiaan Prins
LS08_speech_Prins.pdf
PDF-Dokument [24.3 KB]

7th STRASNOURG LUNCH

Wednesday, 16. July from 13:00 hrs

 

"Priorities of the European Union after the Election"

 

Speaker:

Valdis DOMBROVSKIS, MEP, Former Prime Minister of Latvia

Agenda
LS07_20140716.pdf
PDF-Dokument [99.4 KB]

6th STRASBOURG LUNCH

Wednesday, 2 July 2014 from 13:00 hrs

 

"The new Parliament - What are the challenges for the next legislative period?"

 

Speaker:

Klaus WELLE, Seretary General of the European Parliament

Agenda
LS06_20140702.pdf
PDF-Dokument [99.3 KB]

5th STRASBOURG LUNCH

Wednesday, 16 April 2014 from 13:30 hrs

 

"MiFID the final cut !"

 

Speaker:

Markus FERBER, MEP, Member of the Committee on Economic and Monetary Affairs and Rapporteur on MiFID

Agenda
LS05_20140416.pdf
PDF-Dokument [105.1 KB]

4th STRASBOURG LUNCH

Wednesday, 12 March 2014 from 13:00 hrs.

 

"The situation in Ukraine"

 

Speaker:

Elmar BROK, MEP, Chair of the Committee on Foreign Affairs

Jacek SARYUS-WOLSKI, MEP, Chair Delegation for relations with the NATO Parliamentary Assembly

Iona Mircea PASCU, MEP, Vice-Chairman of the Committee on Foreign Affairs

Agenda
LS04_20140312.pdf
PDF-Dokument [140.3 KB]

3rd STRASBOURG LUNCH

Wednesday, 26 February 2014 from 13:00 hrs.

 

"The year 2014 - Europe at a Crossroads - a business perspective"

 

Speaker:

Emma MARCEGAGLIA, Predisent of BusinessEurope

Agenda
LS03_20140226.pdf
PDF-Dokument [96.5 KB]

2nd STRASBOURG LUNCH

Wednesday, 5 February 2014 from 13:00 hrs.

 

"Financial and related professional services anabling growth"

 

Speaker:

Chris CUMMINGS, Chief Executive of TheCityUK

Agenda
LS02_20140205.pdf
PDF-Dokument [96.2 KB]

1st STRASBOURG LUNCH

Wednesday, 15 January 2014 from 13:00 hrs.

 

"Protection of Trade Sedrets against their unlawful acquisition, use and disclosure"

 

Speaker:

Pierre DELSAUX, European Commission, Deputy Director General, DG Internal Market and Services

Agenda
LS01_20140115.pdf
PDF-Dokument [98.3 KB]

Strasbourg Lunches 2013

 

 

 

12th STRASBOURG LUNCH

Wednesday, 11 December 2013 from 13:00 hrs.

 

"Working together for new growth - how better partnership can boost the Single Market"

 

Speaker:

Malcolm HARBOUR, MEP, Chairman of the Committee on the Internal Market and Consumer Protection

Agenda
LS_20131211.pdf
PDF-Dokument [95.5 KB]

11th STRASBOURG LUNCH

Wednesday, 20 November 2013 from 13:00 hrs.

 

"How to handle the external borders of the EU"

 

Speaker:

Manfred WEBER, MEP, Member of the Committee on Constitutional Affairs and Substitute Member of the Committee on Civil Liberties, Justice an Home Affairs

Agenda
LS112013.pdf
PDF-Dokument [225.5 KB]

10th STRASBOURG LUNCH

Wednesday, 23 October 2013 from 13:00 hrs.

 

"The Revision of the Trademark Package: The Way forward"

 

Speaker:

Antonio CAMPINOS, President of OHIM, Alicante

Agenda
LS10_invit_AGENDA.pdf
PDF-Dokument [102.2 KB]

9th STRASBOURG LUNCH

Wednesday, 9 October 2013 from 13:00 hrs.

 

"The Future of Occupational Pension Schemes in Europe"

 

Speakers:

Ria OOMEN-RUIJTEN, MEP, Rapporteur

Thomas MANN, MEP, Rapporteur

Agenda
LS9_AGENDA.pdf
PDF-Dokument [100.7 KB]

8th STRASBOURG LUNCH

Wednesday, 11 September 2013 from 13:00 hrs.

 

"The Challenge of the Financial Transaction Tax: New wine in old bottles or more innovative taxation an tax justice?"

 

Speaker:

Algirdas SEMETA, Commissioner for Taxation , Customs, Statistics, Audit and Anti-Fraud

Agenda
LS08_invitation.pdf
PDF-Dokument [239.1 KB]

7th STRASBOURG LUNCH

Wednesday, 3 July 2013 from 13:00 hrs.

 

"EU´s External Aviation Policy - Addressing Future Challenges"

 

Speaker:

Marian-Jean MARINESCU, MEP, Rapporteur, Member of the Committee on Transport and Tourism

Agenda
LS07_agenda.pdf
PDF-Dokument [104.6 KB]

4th STRASBOURG LUNCH

Wednesday, 17 April 2013 from 13:00 hrs.

 

"Getting Europe out of the Crisis - the Solutions are there, let´s tackle them!"

 

Speaker:

Jürgen R. THUMANN, President of BusinessEurope

Agenda
LS04-agenda.pdf
PDF-Dokument [104.7 KB]

3rd STRASBOURG LUNCH

Wednesday, 13 March 2013 from 13:00 hrs.

 

"Growth in the EU and the role of Commerce"

 

Speakers:

Malcolm HARBOUR, MEP, Chairman of the Committee on the Internal Market and Consumer Protection

Léandre BOULEZ, Supply Chain & Quality Director, Groupe Auchan

Agenda
LS03-agenda.pdf
PDF-Dokument [166.8 KB]

2nd STRASBOURG LUNCH

Wednesday, 6 February 2013 from 13:00 hrs.

 

"CO2 and Passenger Cars: Reaching the Target"

 

Speakers:

Connie HEDEGAARD, Commissioner for Climate Action

Thomas ULMER, MEP, Member of the Committee on the Environment, Public Health and Food Safety

Ivan HODAC, Secretary General, ACEA

Agenda
LS02-agenda.pdf
PDF-Dokument [103.6 KB]

1st STRASBOURG LUNCH

Wednesday, 16 January 2013 from 13:00 hrs.

 

"Projects of the Kangaroo Group 2013"

 

Speakers:

Othmar KARAS, MEP, President of the Kangaroo Group

Karl von WOGAU, Secretary General of the Kangaroo Group

Agenda
LS01-13_agenda_bis.pdf
PDF-Dokument [101.5 KB]

Strasbourg Lunches 2012

The Kangaroo Group aisbl
Rue Wiertz 11
B-1050 BRUSSELS


tel: 0032 2 280 60 95

fax: 0032 2 280 07 84

email: office@kangaroogroup.eu

internet: www.kangaroogroup.eu 

Next Events

Working Group FINANCIAL SERVICES


Tuesday, 25 April 2017 from 13:00 to 14:30 hrs

 

"Revising the EU Resolution Regime"

 

Statements:

  • Emiliano TORNESE, Deputy Head of Unit, Dir E-Financial system surveillance and crisis management, DG FISMA, European Commission
  • Benjamin QUATRE, Head of Office, French Banking Federation, Brussels
  • Mario DELGADO ALFARO, Partner, Financial Risk and Regulation, Ernst & Young, Madrid
  • Pedro CADARSO, Inspector de entidades de crédito, Spanish Banking Association, Madrid

... read more

Working Group on Consumers Goods

Wednesday, 26 April 2017 from 8:00 hrs to 9:30 hrs

 

"Food Waste"

 

Speakers:

  • Simona BONAFE MEP, S&D/Italia, Member of the Committee on the Environment, Public Health and Food Safety, tbc

  • Biljana BORZAN MEP, S&D/Croatia, Member of the Committee on the Environment, Public Health and Food Safety, tbc

  • Marco VALLETTA, Member of Cabinet of Commissioner Vytenis Andriukaitis

  • Mella FREWEN, Director General, FoodDrink Europe

... read more

Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 26 April 2017 from 13:00 until 14:30 hrs

 

“European Security and Defence after the Brexit”

... read more

Recent Publications

Euro “clearing”: Liability and Location 

Discussion paper from Kangaroo Group Member Graham Bishop

"The key interest rate contracts cleared in the UK are more than 50 times UK GDP, and 10 times the Eurozone’s GDP. Put starkly: €117 trillion of euro derivatives may have to be supported by liquidity based on the ECB’s €0.011 trillion capital and that of National Central Banks."

read whole artice below


Euro “clearing”: Liability and Location


16 January 2017

This issue of `clearing’ is likely to come to a head quickly once Article 50 Notice of `intention to leave’ is served by the UK - as a direct consequence of the G20 commitment to ensure there are no more taxpayer-funded bailouts of EU financial institutions. Post Brexit, Eurozone Member States are likely to be very concerned about capital market activities denominated in euro that – in a crisis – could create liabilities for their taxpayers. At that stage, UK-based financial firms will not be subject to EU law and therefore outside the ECB’s ability to enforce any necessary managerial change – unless the UK agrees to surrender control to EU institutions. 

However, it is very disturbing to an outsider that, eight years after the Lehman crash, there are still good grounds for concern in a systemic crisis– especially flowing from the “clearing” of euro:

ESMA 2016 stress test “A CM defaulting in one CCP would also be considered to be in default in all CCPs, in which it is a member, leading to more than 25 CM defaulting EU-wide…” 

The Commission’s December 2016 CCP Resolution Proposal “No Member State has yet developed a full national regime for CCP recovery and resolution which fully complies with the G20-endorsed FSB principles, including as regards the need for effective coordination and oversight against cross-border spill-overs.”

The magnitude of the risks are extraordinary: The key interest rate contracts cleared in the UK are more than 50 times UK GDP, and 10 times the Eurozone’s GDP. Put starkly: €117 trillion of euro derivatives may have to be supported by liquidity based on the ECB’s €0.011 trillion capital and that of National Central Banks. Any resultant credit losses would be a major political concern for Eurozone taxpayers, governments and Parliaments.

Does the EU27/ECB need to “do” anything further about Brexit? The ECB’s post-Brexit re-statement of its “oversight policy” provides a powerful analysis – implicitly - of the post-Brexit situation when it would have no powers to “induce change” in critical offshore financial market infrastructures. Once the Article 50 Notice has been served, all UK firms will be fully aware that their “EEA Authorisation” will expire at the moment of Brexit so they will need to make their own plans to continue their EU business.

The working assumption must be that the UK will not be a part of the European Economic Area (EEA) so any bespoke arrangement (normally taking the form of a Treaty) may require significant adjustment to many EU Directives and Regulations. The much-discussed “transitional arrangements” for UK firms might not be “in force” before 2023, given the necessary legislative processes. As risk-averse clients recognise the new risks, they may exercise their freedom to move their derivative positions to CCPs in a market where they can have a high degree of confidence that the ECB would supply liquidity in a crisis.

A major loss of derivatives business could worsen the UK’s balance of payments deficit by a third from its current record deficit - even at modest profitability levels for the derivative book. Parliament should require the BoE to analyse and publish the balance of payments implications in detail.

Original Text by Graham Bishop
Euro clearing 550 word article_FINAL.pdf
PDF-Dokument [108.8 KB]

Eurocorps as a pilot project for the European Defence Union

 

Discussion Paper on the basis of a meeting of the Kangaroo Group with General Ramirez

 

The decision of the United Kingdom to leave the European Union makes it necessary to rethink the European Union from the beginning. We have to ask ourselves what the citizens really expect from the European Union. In the past seventy years the European Union has made a major contribution to the security and prosperity of the European nations.

read more ...

Future of the Eurocorps

 

At a meeting with members of the Eurocorps in Strasbourg Karl von Wogau, Secretary General of the Kangaroo Group and Honorary Member of the European Parliament, stated that the Eurocorps should be moved into the center of the Common Security and Defence Policy. It should become the Preferred Headquarter of the European Union. Moreover its five framework nations France, Germany, Spain, Belgium and Luxembourg should take the decision to put the Eurocorps at the permanent disposal of the European Union.

read more ...

...

In the present discussion about Monetary and Political Union the opinion is often heard that a Political Union consists in total harmonization. But this is certainly not what we want to achive. The strength of Europe is its variety and the peaceful competition between its Member States. On the contrary the hard core of a Political Union is a common foreign and defence policy.  ...

 

read more ...

 

 

The Role of the Multinational Corps

 

The European Council in June has not been very encouraging for those who believe in the necessity of an autonomous Security and Defence Policy of the European Union. Public attention was taken by the problems of Greece and the drama of the refugees in the Mediterranean. The discussion about Security and Defence took only a very short time.

read more ...

Europe War and Peace

 

The author looks at general rules for peace preservation from Kant, Fukuyama, Einstein and Freud as well as Henry Kissinger and tries to draw conclusions for the present security situation of Europe. The presentation was in October 2015.

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Monetary Union and Political Union

 

The author refers to Jean-Claude Juncker and Angela Merckel who have requested the creation of a European Army. He claims that the hard core of a Political Union is a common foreign and defence policy. He criticizes .......

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