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President Biden's 2024 State of the Union address
On 7 March 2024, the President of the United States (US), Joe Biden, used his State of the Union (SOTU) address to a joint session of the 118th US Congress (2023 2024) to start his re election campaign in earnest. Biden has been trailing Donald Trump, his only remaining Republican challenger in the presidential race, in polls in six swing states that Biden won in 2020 and where several thousand voters are expected to decide the outcome of the US elections on 5 November 2024. The SOTU was an opportunity ...
EU-US Trade and Technology Council
The EU-US Trade and Technology Council (TTC) has met five times since 2021, aiming to boost transatlantic cooperation and alignment. The latest meeting on 30-31 January 2024 was a lower-key interim event paving the way for the next TTC in April. Experts see its usefulness, but call for reform of the TTC so that it can be permanent.
Parental Child Abductions to Third Countries
Cross-border parental child abductions in the EU are governed by The 1980 Hague Convention on the Civil Aspects of International Child Abduction and (except for Denmark) the Brussels II-ter Regulation. Countries outside of the EU may or may not be Contracting States to ‘the Convention’, but will not be bound by Brussels II-ter. Research has found that the often negative, long-lasting impact of abduction may continue throughout the lifecycle of those who have been abducted. It may also affect future ...
Euro area monetary policy: Quarterly overview, February 2024
This briefing paper was prepared ahead of the Monetary Dialogue between the Committee on Economic and Monetary Affairs (ECON) and the European Central Bank (ECB) President on Thursday, 15 February. It provides a summary of key monetary policy developments and decisions taken by the ECB’s Governing Council. This is the last Monetary Dialogue of the 9th legislative term.
Las relaciones transatlánticas: los Estados Unidos y Canadá
La Unión Europea, los Estados Unidos y Canadá comparten los valores de la democracia, los derechos humanos, el Estado de Derecho y la libertad económica y política, y tienen intereses comunes en materia de política exterior y seguridad. La estrecha colaboración y las relaciones estratégicas con los Estados Unidos y Canadá siguen siendo una prioridad para la Unión.
Russia's war on Ukraine: Implications for the Arctic
Russia's brutal war of aggression against Ukraine may not be taking place geographically in the Arctic, but it has already had a plethora of impacts on the circumpolar north, the repercussions of which are likely to spread well beyond the region. First, the war has negatively affected cooperation, as activities with Russia in the framework of regional forums such as the Arctic Council (AC), the Barents Euro-Atlantic Council (BEAC), the Council of the Baltic Sea States (CBSS) and the Northern Dimension ...
Relaciones entre la Unión Europea y los Estados Unidos
Ante un año electoral crucial para el Parlamento Europeo y los Estados Unidos, el Parlamento hace balance de las relaciones entre la Unión y este país por segunda vez en la legislatura saliente. Mientras que el informe del Parlamento de 2021 detallaba las prioridades para la reanudación de los vínculos transatlánticos, el informe de 2023 formula recomendaciones para profundizar la cooperación en diversas cuestiones de política exterior, seguridad y defensa. Entre las recomendaciones se encuentran ...
EU-US critical minerals agreement: Building stronger supply chains together
In March 2023, Commission President Ursula von der Leyen and United States (US) President Joe Biden announced their intention to conclude a critical minerals agreement, seeking to foster supply chains in raw materials needed in the production of electric vehicle batteries. The paradigm shift towards clean transport is driving a massive expansion in the market for electric vehicle markets, highlighting the importance of securing the mineral inputs used in their batteries. To that end, the US Congress ...
Comparative analysis of monetary policy and inflation dynamics in the euro area and the United States
After a series of unprecedented interest rate hikes on both sides of the Atlantic, inflation in the euro area and the United States is cooling down from a 40-year high. However, uncertainty about the inflation and growth outlook remains high, as the European Central Bank and the Federal Reserve are considering their next moves. Five papers were prepared by the ECON Committee’s Monetary Expert Panel, making a comparative assessment of inflation dynamics and monetary policy stances in the two monetary ...
The Inflation Episode - Similarities and differences in the euro area and the United States
Inflation has surged and then declined in broadly similar ways in the euro area and the United States, because it has been driven by the impact of the pandemic and its aftermath. Yet, specific differences reflect how monetary and fiscal policies responded as well as the impact of the Russian invasion of Ukraine. The central banks face whole new challenges as they prepare to navigate the next phase now that inflation has rapidly declined, but also further along. This document was provided by the ...