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Search resuls for: "Jacob Kirkegaard"


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'It's how the EPP works, they always want more,' analyst says
  + stars: | 2024-06-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's how the EPP works, they always want more,' analyst saysJacob Kirkegaard, senior fellow at The German Marshall Fund of the United States, joins CNBC's Silvia Amaro in Brussels as leaders fail to come to an agreement on who will hold the EU top jobs following the elections.
Persons: Jacob Kirkegaard, CNBC's Silvia Amaro Organizations: EPP, German Marshall Fund of, EU Locations: United States, Brussels
This culminated with the Ukrainian leader, Volodomyr Zelenskyy, saying Tuesday that the absence of a timeline for his country to join NATO was "absurd." Even if some members were very keen to follow Ukraine's request, the United States in particular isn't supportive of immediate membership for Kyiv at this time. But I promise you, the United States is doing everything we can to get you what you need as rapidly as we can get it to you." watch nowThe 31 members of NATO did not commit to a date for when Ukraine can join the group. However, Valtonen disregarded claims that Ukraine has not shown gratitude, arguing that aid should not be seen as charity.
Persons: Volodomyr Zelenskyy, Joe Biden, Sean Gallup, Jacob Kirkegaard, Jake Sullivan, Ben Wallace, Rishi Sunak, Maria Demertzis, Zelenskyy, Biden, we're, Elina Valtonen, Valtonen Organizations: Getty, NATO, CNBC, Kyiv, German Marshall Fund of, Diplomat, . Defense, Reuters, European Union, Financial Times, Twitter Locations: Ukraine, Vilnius, Lithuania, Kyiv, United States, U.S, Washington, China, British, Russia, Finland
European officials are looking at ways to use Russian assets to repay for the reconstruction of Ukraine. The European Union is getting closer to brokering a detailed plan on how to use frozen Russian assets to pay for the reconstruction of Ukraine, a senior official told CNBC. The EU has confirmed that there are more than 200 billion euros ($215.5 billion) and a separate 20 billion euros ($21.5 billion) in assets across the bloc that belong to the Russian central bank and to Russian private individuals, respectively. These assets were frozen by European authorities in the wake of Russia's invasion of Ukraine to sanction the Kremlin for its aggression. She added at the time that these funds should also be put toward the reconstruction efforts, once the war is over and sanctions are lifted off the frozen assets.
Persons: Sweden's Anders Ahnlid, Ahnlid, Ursula von der Leyen, von der Leyen, Jacob Kirkegaard Organizations: European, CNBC, EU, Monday, Peterson Institute for International Economics, Bank, European Commission, United Nations Locations: Ukraine, Russian, Russia, Ukrainian, Nova
A member of the Peoples Armed Police stands guard in front of the flag of the European Union at the European Delegation in Beijing, China. As the United States looks at disengaging from China, Europe could soon find itself in a sweet spot. "The U.S.' hawkish policy stance towards China means that China needs to improve relations with Europe to mitigate the impact of export controls. Therefore, China has an incentive to work hard on improving EU relations," Anna Rosenberg, head of geopolitics at the Amundi Institute, told CNBC via email. "Viewed from China, the EU is the most important high-income market that it still has largely unfettered access to.
G-7 nations have so far decided not to revise their cap on Russian oil. She called for policymakers to lower the level of the price cap to continue to pressure the Kremlin's finances. Is the price cap working? Ultimately, Kirkegaard said there was no explicit way to determine whether the oil cap is effective or not. India, China snap up Russian oil
Officials have denied problems in the Franco-German relationship, but Chancellor Scholz's focus on domestic politics is upsetting some lawmakers in Europe. Fresh tensions between France and Germany are challenging their relationship at a time when their unity is critical for broader European policy in tackling the energy crisis. The leaders of the two nations will meet in Paris on Wednesday, but this encounter almost got canceled. He added that the action of German Chancellor Olaf Scholz is "creating the deepest divides within the Union." France and Germany are the two largest economies in the European Union and two of the founding nations of this political grouping.
British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, in Northfleet, Kent, Britain, September 23, 2022. The pound crashed below $1.09 for the first time since 1985 and British government bonds suffered the biggest daily fall in decades. "I've rarely seen an economic policy that is as uniformly panned by economic experts and financial markets," said Harvard professor Jason Furman, former chair of the U.S. Council of Economic Advisers during Barack Obama's presidency. Britain's Institute for Fiscal Studies compared Kwarteng's statement to a budget in 1972 that similarly sought to double Britain's rate of economic growth, but is widely remembered as a disaster for its inflationary effect. Furman said Truss might also have no choice but to undo some of her plans if Britain's debt problems start to spiral because of higher interest rates.
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