Events 2020 - Working Group on Space, Security & Defence
ONLINE - DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 23 June 2020 from 16:30 until 18:00 hrs
“COVID crisis: Strengthening leadership through recovery and green innovation”
Welcome and Introduction:
➢ Michael GAHLER MEP, President of the Kangaroo Group
Speakers:
➢ Jean-Eric PAQUET, Director-General, DG for Research and Innovation
➢ Christian EHLER MEP, EPP/Germany, Member of the Committee on Industry, Research and Energy
➢ Stéphane CUEILLE, CTO Safran and Chairman of the Governing Board of the Clean Sky JU
LUNCH - DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 18 February 2020 from 13:00 until 14:30 hrs
“Military Erasmus: An enabler for further Defence cooperation“
Welcome and Chair:
Niclas HERBST MEP, Member of the Kangaroo Group
Introduction:
Emmanuel JACOB, Member of the Board of the Kangaroo Group
Speakers:
Dirk DUBOIS, Head of the European Security and Defence College
Col Harald GELL, Chairman for the “Military Erasmus” Implementation Group, European Security and Defence College
Symeon ZAMBAS, Military Training Manager, European Security and Defence College
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 28 January 2020 from 13:00 until 14:30 hrs
“EU & NATO complementarity – sharing the burden together“
Speakers:
Bernhard BRENNER, Executive VP for Marketing and Sales, Airbus
Radoslaw SIKORSKI MEP, EPP/Poland, Member of the Committee on Foreign Affairs and the Subcommittee on Security and Defence
Events 2019 - Working Group on Space, Security & Defence
LUNCH - DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 4 December 2019 from 13:00 until 14:30 hrs
“Towards a stronger European Defence Cooperation: clear sailing or storm brewing ahead?”
Keynote Speech:
Thomas MUELLER, CEO, Hensoldt
Alain ALEXIS, Head of Unit, DG Grow
LUNCH - DEBATE Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 5 November 2019 from 13:00 until 14:30 hrs
“The European Aviation Network: an In-Flight Digital Aviation Service designed for growth”
Speakers:
Alain ALEXIS, Head of Unit, DG GROW
Eric PLANTAZ, Regional Vice President Europe, Inmarsat
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 9 October 2019 from 13:00 until 14:30 hrs
“European Defence: challenges ahead”
Speakers:
Frédéric MAURO, Expert, Cabinet d’Avocat
Edouard SIMON, Researcher, Think Tank “Confrontations”
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 24 September 2019 from 13:00 until 14:30 hrs
“The priorities of the SEDE Committee”
Speaker:
Nathalie LOISEAU MEP, RE/France, Chair of the Subcommittee on Security and Defence
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 10 July 2019 from 8:00 until 9:30 hrs
"Coherent approach to the implementation of the EU defence initiatives"
Keynote Speech:
Jorge DOMECQ, Chief Executive, European Defence Agency
LUNCH - DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 19 February 2019 from 13:00 until 14:30 hrs
“European Army, better chances without UK?”
Speaker:
Frédéric MAURO, Expert, Cabinet d’Avocat
Events 2018 - Working Group on Space, Security & Defence
Working Group on Scace, Security and Defence, Breakfast Debate
Wednesday, 21 November 2018 from 8:00 until 9:30 hrs
"Building the Case for a DG Defence & Aerospace?"
Speakers:
Michel TROUBETZKOY, Senior Adviser, AVISA
Paul WEISSENBERG, Deputy Director General, European Commission ret.
Working Group on Space, Security & Defence
Tuesday, 20 November 2018 at 13:00 hrs
“Do we need a European Ombudsman for soldiers in CSDP missions?”
Speakers:
Dr. Hans-Peter BARTELS, Wehrbeauftragter des Deutschen Bundestages
Reinier van ZUTPHEN, National Ombudsman of the Netherlands Michel
Working Group on Space, Security and Defence
Tuesday, 25 September 2018 from 13:00 until 14.30 hrs
"European Defence Fund - Challenges and Chances"
Speakers:
Filomena CHIRICO, Member of Cabinet of Vice-President Jyrki Katainen
Michael LANGER, VP, Head of Representation, Diehl Stiftung & Co.
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 19 June 2018 from 13:00 until 14:30 hrs
“Common Security and Defence Policy - current state of play”
Speaker:
Dr. Alexander KMENTT, Austrian Ambassador, Permanent Representative to the EU Political and Security Committee
Statement:
Paul RÜBIG MEP, EPP/Austria, Member of the Committees on Budgets and on Industry, Research and Energy
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 24 April 2018 from 13:00 until 14:30 hrs
“The Eurocorps as an instrument for the
Common Security and Defence Policy”
Speaker:
Lieutenant General Jürgen WEIGT, Commanding General EUROCORPS
LUNCH – DEBATE
organised jointly with EUROMIL
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 20 March 2018 from 13:00 until 14:30 hrs
“PESCO: Relaunching the SAFE Concept”
Speakers:
Bernd-Ulrich VON WEGERER, Permanent Representation of Germany to the EU
Martina HOJKA, Lt.Col., Medical Advisor/Action Officer, EUMS/EEAS
LUNCH - DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 28 February 2018 from 13:00 until 14:30 hrs
“NATO-EU Co-operation: Beginning of a New Era?”
Speaker:
Ambassador Jiri SEDIVY, Permanent Representation of the Czech Republic to NATO
Statement:
Ioan Mircea PASCU MEP, S&D/Romania, Vice-President of the European Parliament, Member of the Committee on Foreign Affairs and the Sub-Committee on Security and Defence
Events 2017 - Working Group on Space, Security & Defence
LUNCH – DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 6 December 2017 from 13:00 until 14:30 hrs
“Space and Security strategy for Europe”
Speaker:
Kai-Uwe SCHROGL, Chief Strategy Officer and Head of Strategy Department,
European Space Agency (ESA)
Working Group on SPACE,
SECURITY & DEFENCE
BREAKFAST - DEBATE, Wednesday, 22 November 2017 from 8:00 until 9:30 hrs
“Future of the external Security and Defence in the EU context, from a French perspective”
Working Group on SPACE, SECURITY & DEFENCE
LUNCH – DEBATE, Tuesday, 21 November 2017 from 13:00 until 14:30 hrs
“The Role of EDA in European Defence Cooperation”
Speaker:
Jorge DOMECQ, Chief Executive, European Defence Agency (EDA)
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 26 September 2017 from 13:00 until 14:30 hrs
"The EU Defence Fund - An Industry View"
Speaker:
Dr. Thomas Weise, Bundesverband der Deutschen Sicherheits- und Verteidigungsindustrie, (BDSV)
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 11 July 2017 from 13:00 until 14:30 hrs
“The Defence Package of the European Commission”
Speaker:
Mihnea Ioan MOTOC, Deputy Head of the European Political Strategy Center - responsible for Defence and Security
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 21 June 2017 from 13:00 until 14:30 hrs
“The European Defence Fund”
Speaker:
Fabrice COMPTOUR, Member of Cabinet of Commissioner Elzbieta Bienkowska
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 26 April 2017 from 13:00 until 14:30 hrs
“European Security and Defence after the Brexit”
Working Group on SPACE, SECURITY & DEFENCE, Tuesday, 21 March 2017
Working Group on SPACE, SECURITY & DEFENCE, Tuesday, 7 February 2017 from 13:00 until 14:30 hrs
“The Future of European Defence”
Speaker:
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Giles MERRITT, Founder and Chairman of “Friends of Europe”
Events 2016 - Working Group on Space, Security & Defence
Working Group on SPACE, SECURITY & DEFENCE, Tuesday, 6 December 2016 from 13:00 until 14:30 hrs
Room: European Parliament, Salon Privé, Rue Wiertz 60, B-1047 Brussels
“The future European Defence Research Programme”
Introduction:
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Karl von WOGAU, Secretary General of the Kangaroo Group
Speakers:
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Sylvia KAINZ-HUBER, Deputy Head of Unit, DG Grow
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Brigadier General Franz PFRENGLE, Eurocorps, Strasbourg
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 8 November 2016 from 13:00 until 14:30 hrs
“Internal Security Tasks for Military Forces: Has Europe a Role to Play?”
Commander Derek PRIESTLEY, Deputy General Secretary of the Representative Association of Commissioned Officers (RACO), Ireland
WG Space, Security & Defence, Lunch Debate, Tuesday 11 October 2016 from 13:00 until 14:30 hrs
"European Foreign-, Security- and Defence Policy in the 21st Century - External Borders, Situation of the Refugees an the so-called Islamic State"
Speaker:
Alexander RADWAN, MdB
Brussels WG Space, Security & Defence, Tuesday, 14 June 2016 13:00 hrs
“European Public Safety Services and their communication infrastructure: It’s time for a reform!”
Speakers:
Monica MACOVEI, ECR/Romania, Member of the Committee on Civil Liberties, Justice and Home Affairs
Thierry DELVILLE, Délégué ministériel, Minister’s Delegation to the Security and Safety Industries (DMIS), Paris
Thorsten ROBRECHT, Head of Advanced Mobile Networks Solutions/Nokia Mobile Networks
The current refugee crisis and terrorist threats do also point at a broader issue in the EU which merits being addressed: public safety services. Public safety networks provide mission critical communication solutions for police, fire and rescue departments, emergency medical services and other critical government services. These type of services have specific communication requirements; their network must be highly reliable and secure. Public safety concepts and approaches in the EU Member States have to a large extent ignored evolving communication technology solutions, especially in data transfers and they lack a single market approach. This renders them quickly out-of-date, expensive and it complicates cross-border co-operation. What impulses can we give to allow public safety services to catch up?
BRUSSELS-DEBATE, Tuesday, 3 May 2016 from 18:30 to 21:00 hrs
“Bioterrorism – Is the EU prepared?
In the wake of the Brussels bombings, the European Parliamentary Research Service concluded that: “While attacks against public transportation systems are unfortunately not a new phenomenon, coordination between Member States on the possibility of a terrorist attack using non-conventional weapons such as chemical, biological, radiological or even nuclear materials is also now urgently needed.” Should the unthinkable ever happen does Europe have the tools and medical countermeasures in place to protect citizens and save lives
Introduction:
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Monika HOHLMEIER MEP, EPP/Germany, Rapporteur, Member of the Committee on Civil Liberties, Justice and Home Affairs
Speakers:
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John GATT RUTTER, Head of Counter-Terrorism Division, EEAS
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Jorge Manuel BENTO SILVA, Acting Head of Terrorism and Crisis Management Unit, DG Home
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Levent ALTAN, Executive Director, Victim Support Europe
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Dr. Steven CHATFIELD, Senior Adviser, Emergent BioSolutions
Coordination between Member States on the possibility of a terrorist attack using chemical, biological, radiological or even nuclear materials is urgently needed since jihadist groups may be planning to use internationally banned weapons of mass destruction for future attacks. It has to be considered that the production of such weapons in the self-training modus is possible so that they must not even be smuggled into the European Union. Joint procurement and stockpiling of antidotes was discussed. It became clear during the debate that victims of terrorist attacks have to be identified early since health damages often only show at a later date.
Working Group on SPACE, SECURITY & DEFENCE, Tuesday, 19 April 2016 from 13:00 until 14:30 hrs
“How could space applications be supporting
the Common Security and Defence Policy?”
Speakers:
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Vice-President Maros SEFCOVIC, Commissioner for Energy Union
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Karim Michel SABBAGH, CEO of SES, Luxembourg
Statements:
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Bogdan Andrzej ZDROJEWSKI MEP, EPP/Poland, Member of the Committee on Security and Defence, Rapporteur
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Marian-Jean MARINESCU, EPP/ROMANIA, Member of the Committee on Transport and Tourism
BOOK-PRESENTATION
Working Group on SPACE, SECURITY & DEFENCE Tuesday, 15 March 2016 at 17:30 hrs
“Handbook of Space Security – Policies, Applications and Programs”
Short comments by Kai-Uwe SCHROGL, editor-in-chief and Lydia MÜLLER, Springer, Peter L. HAYS, section editor, Jana ROBINSON, second editor, Denis J. MOURA, section editor and Christina GIANNOPAPA, section editor.
The welcome of the meeting will be kindly presented by Michael GAHLER MEP, President of the Kangaroo Group.
The meeting will be moderated by Karl von WOGAU Secretary General of the Kangaroo Group.
The Presentation will be followed by a cocktail.
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 23 February 2016 from 13:30 until 15:00 hrs
"Train and Equip"
Speaker:
Gabor IKLODY, Director, Crisis Management and Planning Directorate, EEAS
Events 2015 - Working Group on Space, Security & Defence
Working Group Space Security & Defence, Tuesday, 1 December 2015 from 13:00 until 14:30 hrs
“The Future European Launcher Policy”
Speakers:
Philippe BRUNET, Director, Dir I — Space Policy, Copernicus and Defence, DG Grow, The European Commission
Alain CHARMEAU, CEO – Airbus Safran Launchers
Markus BERTSCHI, Head of the Launchers Exploitation Department, Directorate of Launchers, ESA
Working Group Space Security & Defence, Tuesday, 10 November 2015 from 13:00 until 14:30 hrs
"The German White Book on Security Policy"
Speaker:
Carsten BREUER, Brigadier General, Federal Ministry of Defence, Director - Project Group White Paper on Security Policy
<< Neues Textfeld >>
Working Group Space Security & Defence, Tuesday, 13 October 2015 from 13:00 until 14:30 hrs
"Independent Access to Space
Speakers:
Philippe BRUNET, Director DG GROW – Directorate I, Space Policy
Lucia LINARES, Head of Launcher Policy Office, European Space Agency (ESA)
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 14 July 2015 from 8:00 until 9:30 hrs
“A MALE Drone for the EU”
Speaker:
Jean-Youri MARTY, Deputy Director & Programme Manager RPAS, EDA
Working Group Space Security & Defence, Tuesday, 16 June 2015 from 13:00 until 14:30 hrs
"Expectations from the Defence Summit"
Speakers:
Daniel CALLEJA CRESPO, Director-General, DG GROW/Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs
Rini GOOS, Deputy Chief Executive, European Defence Agency (EDA)
Franz PFRENGLE, Brigadier General, Deputy COS Operations, HQ Eurocorps
Ana GOMES MEP, Member of the Subcommittee on Security and Defence
Working Group on Space, Security & Defence,
Tuesday, 5 May 2015 from 13:00 until 14:30 hrs
"The Situation in Libya"
Speakers:
René VAN NES, Libya Desk Coordinator, EEAS
Ana GOMES, MEP
Working Group on Space, Security and Defence
Tuesday, 14 April 2015 from 13:00 until 14:30 hrs
“Admission of Remotely Piloted Aircrafts to the European airspace”
Speakers:
Jürgen STEGMEIR, EDA
Philippe MERLO, Director Air Traffic Management, EUROCONTROL
Vincent VAN ROEY, Director Civil Aviation, ASD
Working Group on Space, Security and Defence
Tuesday, 24 March 2015 from 13:00 until 14:30 hrs
"The Situation in Ukraine"
Speakers:
Elmar BROK, MEP, Chairman of the Committee on Foreign Affairs
Maciej POPOWSKI, EEAS, Corporate Board, Deputy Secretary-General
General Wolfgang WOSOLSOBE, Militar Committee, EEAS
Gunnar, WIEGAND, EEAS, Dir III - Russia, Eastern Partnership, Central Asia, Regional Cooperation and OSCE
Working Group on Space, Security & Defence
Tuesday, 24 February 2015 from 13:00 until 14.30 hrs
"The European Security and Defence College"
Statements:
Emmanuel Jacob stated that “EUROMIL is convinced that an EU comprehensive approach on security and defence also includes a common culture and education. An institution such as the European Security and Defence College is therefore extremely important in the creation of a common security culture.” In this regard, he welcomed initiatives such as the Exchange of Military Young Officers also known as “Military Erasmus”. “EUROMIL also strongly believes that a project such as SAFE, Synchronised Armed Forces Europe, would be a cornerstone of this European military culture” he added. President Jacob recalled the principles of the SAFE concept, conceived as an opt-in model aiming at integrating European security structures and leading to the synchronization of the European forces leadership, and called for a relaunch of efforts to implement this concept. Moreover, he underlined that another field in which the European Security and Defence College could play a role could be fundamental rights’ training. A manual for military trainers on fundamental rights education should be developed. “EUROMIL believes that establishing common standards, including on human rights education, proves its relevance”.
Working Group on Space, Security & Defence
Tuesday, 20 January 2015 from 13:00 until 14.30 hrs
"What do we expect from the Defence summit in June - The future of European Security and Defence Policy"
Expectations for the Defence Summit
The next European Council dedicated to defence should take place in June 2015 and give new impetus to the work started in December 2013. The latest terrorist attacks in France and the numerous crisis and conflicts in our neighbourhood, from Sahel to the Middle East and Eastern Ukraine, have deeply modified our security environment compared to the picture set out in the 2003 EU security strategy. The European Council should back the proposal made by Federica Mogherini to launch ...
Events 2014 - Working Group on Space, Security & Defence
WG Space, Security & Defence
Tuesday, 9 December 2014 from 13:00 until 14:30 hrs.
"EU Strategy for Mali"
Speakers:
Michel REVEYRAND DE MENTON, EU Special Representative for Sahel
Brigardier General Heinz KRIEB, EU Military Staff, Director Concepts and Capabilities
WG Space, Security & Defence
Tuesday, 11 November 2014 from 13: until 14:30 hrs.
"Syria and the fight against ISIS"
Statements:
Ana GOMES, MEP, Member of the Subcommittee on Security and Defence
Ambassador Martin Fleischer, Vice-President an Director of Tegional Security, EasWest Institute
WG Space, Security and Defence
Tuesday, 07/10/2014 from 13:00 until 14:30 hrs.
"Better Regulation with the European Standardization"
Speaker:
Elena SANTIAGO CID, CEN and CENELEC Director General
Working Group on Space, Security & Defence
Tuesday, 23 September 2014 from 8:00 until 9:30 hrs.
"Galileo: challenges and opportunities"
Speaker:
Ferdinando NELLI FEROCI, Commissioner for Industry and Entrepreneurship
European Parliament, Members Restaurant/Salon Privé
Working Group on Space, Security & Defence
Tuesday, 8 July 2014, from 13:00 until 14:30 hrs.
"The Future Cooperation between NATO and the EU"
Speaker:
Ambassador Thrasyvoulos Terry STAMATOPOULOS, Assistant Secretary General for Political Affairs and Security Policy, NATO
Working Group on Space, Security & Defence
Tuesday, 24 June 2014 from 12:00 until 13:30 hrs
"An Inner Circle for European Security and Defence?"
Speakers:
Arnaud DANJEAN, MEP
Daniel REINER, Sénateur de Meurthe et Moselle, Vice-Président de la Commission des affaires étrangère, de la défence et des forces armées du Sénat
Jacques GAUTIER, Sénateur des Hauts-de-Seine, Vice-Président de la Commission des affaires étrangères, de la défence et des forces armées du Sénat
Working Group on Space, Security & Defence
Tuesday, 8 April 2014 from 13:00 until 14:30 hrs.
"Admission of Remotely Piloted Aircrafts to the European airspace"
Speakers:
Carlo BORGHINI, Deputy Executive Director, SESAR
Michael STEINFURTH, Head of Civil Military Coordination, EUROCONTROL
Working Group on Space, Security & Defence
Tuesday, 18 March 2014 from 13:00 until 14:30 hrs
"Surveillance of the External Sea Borders"
Speaker:
Carlos COELHO, MEP and Rapporteur
Working Group on Space, Security & Defence
Tuesday, 11 February 2014 from 13:00 until 14:30 hrs.
"The current situation in the Central African Republic"
Speakers:
Kim ELING, Deputy Head of Cabinet - Commissioner Kristalina Georgieva
Wolfgang WOSOLSOBE, Lieutenant General - European Union Military Staff, EEAS
Working Group on Space, Security & Defence
Tuesday, 21 January 2014 from 13:00 until 14:30 hrs.
"The Results of the Defence Summit"
Speakers:
Maciej POPOWSKI, Deputy Secretary-General, EEAS
Ioan Mircea PASCU, MEP Vice-Chairman of the Committee on Foreign Affairs
Events 2013 - Working Group on Space, Security & Defence
Working Group on Space, Security and Defence
Tuesday, 3 December 2013 from 13:00 until 14:30 hrs.
"EU´s future space surveillance an tracking support programe"
Speaker:
Michael GAHLER, MEP, President of the Kangaroo Group and Rapporteur
Working Group on Space, Security & Defence
Tuesday, 12 November 2013 from 13:00 until 14:30 hrs.
"Certification of Remotely Piloted Aircraft Systems (RPAS)"
Speakers:
Christian BREANT, Director, European Defence Agency
Philippe BRUNET, Director, DG Enterprise and Industry
Ingo SCHWAETZER, Leiter Marketing Unmanned Aerial Systems, Diehl BGT Defence
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Next Events
VIRTUAL-DEBATE
Working Group FINANCIAL SERVICES
Wednesday, 23 June 2020 from 08:00 to 09:30 hrs
“Priorities of the German EU Presidency – an overview by the German Ambassador”
Chair and Welcome:
Michael GAHLER MEP, President of the Kangaroo Group
Moderator:
David DOYLE, Member of the Board, Kangaroo Group
Guest Speaker:
H.E. Michael CLAUSS, Ambassador Extraordinary and Plenipotentiary Permanent Representative of the Federal Republik of Germany to the European Union
Concluding remarks:
Markus FERBER MEP, Chairman of the WG on Financial Services of the Kangaroo Group
ONLINE - DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Tuesday, 23 June 2020 from 16:30 until 18:00 hrs
“COVID crisis: Strengthening leadership through recovery and green innovation”
Welcome and Introduction:
➢ Michael GAHLER MEP, President of the Kangaroo Group
Speakers:
➢ Jean-Eric PAQUET, Director-General, DG for Research and Innovation
➢ Christian EHLER MEP, EPP/Germany, Member of the Committee on Industry, Research and Energy
➢ Stéphane CUEILLE, CTO Safran and Chairman of the Governing Board of the Clean Sky JU
Recent Publications
The City could find it cold in “Canada”
Discussion paper from Kangaroo Group Member Graham Bishop
New Year media reports suggest the UK Government thinks the EU27 is bluffing when chief negotiator Barnier states that UK-based banks will lose their “passports” to do business in the EU27. Instead, DexEU Secretary Davis has called for a “Canada plus plus plus” trade deal – implying that financial services will not find themselves at a disadvantage.
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.
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.
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.
...
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. ...
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.
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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