“There is a political crisis in Spain, not in Belgium,” says Charles Michel

“There is a political crisis in Spain, not in Belgium,” says Charles Michel

Prime Minister Charles Michel repeated to the Parliament on Wednesday that he does not wish to interfere with court decisions concerning the impeached Catalan Government, and in particular Minister-President Carles Puigdemont, currently staying in Brussels. There are diplomatic contacts with Spanish officials, and also at the European level, he added, evoking their discretion. On Wednesday, the opposition denounced the attitude of the N-VA representatives, including Federal Government Ministers, who did not hesitate to support their Catalan allies — going as far as suggesting asylum — and even to throw doubt…

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COP23: Belgium may miss 2020 climate targets

COP23: Belgium may miss 2020 climate targets

The European Union overall is on track to reduce its target of 20% reduction in greenhouse gases (“GHG”) by 2020. However this is certainly not due to the Belgian contribution. This is observed in a report published by the European Commission on Tuesday. Belgium, which regarding these targets, is in the same position as Malta, Finland and Ireland, is not able to achieve its objectives for non-industrial emissions. The report stresses that the GHG emissions do not account for those within the EU’s European Emissions Trading Scheme (ETS), or non-industrial…

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Brexit: Fifty banks are preparing to move to the European continent

Brexit: Fifty banks are preparing to move to the European continent

British banks have already made contact with the European Central Bank (ECB) to discuss a potential move of their activities from London to a Eurozone country, the ECB said on Tuesday. “Some contacted us on various occasions to talk about their removal plans,” says Danièle Nouy, ​​head of banking supervision at the ECB. Some 20 institutions have already applied for a license for the Eurozone. Under European law, a bank wishing to offer its services within the European Union, such as savings or credit accounts, must have an independent subsidiary…

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Belgian public money in offshore structure

Belgian public money in offshore structure

A Belgian investment company, SBI, with the Belgian state as a majority stake holder, appears in the “Paradise Papers”, Belgian newspapers reported on Wednesday. SBI has hold a financial interest in a company named “Infra Asia Development (Vietnam) Limited”, registered in the British Virgin Islands, which is on the Belgian blacklist of tax havens. The offshore company was established in October 1996, according to Le Soir, De Tijd and Knack, who met with SBI managers Philippe Hermans and Erna Vandeplas. It was via Infra Asia Development that the SBI was…

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Interpol says terrorist and cyber threats increasing at sports events

Interpol says terrorist and cyber threats increasing at sports events

The Secretary General for Interpol spoke on Tuesday of his concern for cyber security and terrorist threats hanging over major international sporting events. These include the FIFA World Cup and the Olympic Games. Speaking on the margins of a security conference in Doha, where the FIFA World Cup is to be held in 2022, Jurgen Stock indicated a “spectrum of threats” for event stakeholders to be aware of in any given case. Mr Stock told the press, “However, unfortunately these threats are on the increase. This has become international and…

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