Wednesday, 7 December 2016

 

Christmas Party

2nd Strasbourg Lunch

Wednesday, 3 February 2016 at 13.15 hrs

 

Kangaroo Lunch Future of the European Union

 

At the January Strasbourg Lunch of the Kangaroo Group the Situation was discussed where more and more citizens have become negative about the role of the European Union. Inside the European Union the most pressing problem is the unemployment of the Young. The internal market is one of the instruments for the solution of this problem. If the present temporary controls at our internal borders become permanent, this will be the end of the internal market. Therefore the better protection of our external border becomes a primordial task.

 

Participants in the discussion were the following Members of European Parliament:

Jo Leinen, Ioan Mircu Pasqu, Paul Rübig, Roger Helmer, Artis Pabriks, Dori-Claudian Frunzulica, Herbert Dorfmann, Ana Gomes, Arne Lietz

 

Forum on Intellectual Property, Counterfeit, Contraband & Organised Crime

Tuesday, 8 December 2015 from 8:00 until 9:30 hrs

 

"Is the EU winning the fight against the black market" - "Free Trade Zones"

 

Christmas Dinner

Wednesday, 2 December 2015 at 18:30 hrs


and
127th Board Meeting of the Kangaroo Group
Open to all Members of the Kangaroo Group
We will use this opportunity to discuss Goals and Projects
of the Kangaroo Group for 2016

Working Group Space Security & Defence, Tuesday, 1 December 2015 from 13:00 until 14:30 hrs

 

“The Future European Launcher Policy”

 

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

 

“IMI 2- New challenges, new focus areas”

Working Group Space Security & Defence, Tuesday, 10 November 2015 from 13:00 until 14:30 hrs

 

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?”

 

Working Group Health, Wednesday 14 October 2015

 

8th STRASBOURG LUNCH

9 September 2015 from 13:15 until 14:30 hrs

 

7th STRASBOURG LUNCH

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

 

"Cooperatives - Entrepreneurial Pillarof Modern European Social Market Economy?

 

 

Working Group Space Security & Defence, Tuesday, 16 June 2015 from 13:00 until 14:30 hrs

 

"Expectations from the Defence Summit"

 

6th STRASBOURG LUNCH

Wednesday, 10 June 2015 from 13.00 until 14.30 hrs

 

"Projects of the Kangaroo Group during the next Semester"

5th STRASBOURG LUNCH

Wednesday, 20 May 2015 from 13.00 until 14.30 hrs

 

"Expectations from the Defence Summit"

Working Group Financial Services

Wednesday, 6 May 2015 from 13:00 until 14.30 hrs

 

„EU Bank Structural Reform – a risk or size-based approach to separation?“

 

Speaker:

Gunnar HÖKMARK MEP, Rapporteur, Member of the Committee on Economic and Monetary Affairs

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?"

Working Group Automotive Industry

Wednesday, 15 April 2015 from 13:00 until 14:30 hrs

 

“Clean Air for Europe – the Role of
Road Transport”

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”

Working Group Financial Services + Working Group Taxation

Wednesday, 25 March 2015 from 13:00 until 14.30 hrs

 

"New Commission - New initiatives: Tax Coordination and Tax Cooperation - new perspectives or new barriers?"

Forum on Intellectual Property, Counterfeit, Contraband & Organised Crime

Wednesday, 25 March 2015 from 8:00 until 9:30 hrs

 

"Is the EU winning the fight against the black market" - "Free Trade Zones"

Working Group on Space, Security and Defence

Tuesday, 24 March 2015 from 13:00 until 14:30 hrs

 

"The Situation in Ukraine"

 

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?"

Working Group Financial Services

Wednesday, 25 February 2015 "IMD II - Regulation all Insurance Distribution Channels"

Working Group on Consumer Goods

Wednesday, 25 February 2015 "Private Labels - What´s in it for Consumers and SME´s"

Working Group on Space, Security & Defence

Tuesday, 24 February 2015 "The European Security and Defence College"

Emmanuel JACOB - EUROMIL, Michael GAHLER, MEP - President of the Kangaroo Group, Hans-Bernhard WEISSERTH - Head of the European Security and Defence College, Karl VON WOGAU - Secretary General of the Kangaroo Grouup, Nathalie GRIESBECK, MEP

2nd Lunch Debate in Strasbourg, 11 February 2015, "Smart Energy for EU Crisis Management and Foreign Aid projects"

1st Lunch Debate in Strasbourg, 14 January 2015, "Interconnecting Europe´s regions for sustainable growth"

11th Lunch Debate in Strasbourg, 17 December 2014, "Satellite: A key element in the future digital networks and ecosystem - Building the foundations of the next decade communications networks"

9th Lunch Debate in Strasbourg, 22 October 2014, "Better Protecting Know-How Enhancing European Competitiveness"

Forum on Intellectual Property, Counterfeit, Contrabrand & Organised Crime, Brussels, 8 October 2014

Working Group on Space, Security & Defence, 7 October 2014, "Better Regulation with European Standardization"

Breakfast Debate i Brussels, 24 September 2014, "Towards a new Industrial Policy on Life Sciences"

Working Group Space, Security & Defence, 23 September 2014, "Galileo: challenges and opportunities"

8th Lunch Debate in Strasbourg, 17 September 2014, "Enforcing and Completing the Single Market for Goods"

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.

more ...

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 .......

... read more