Archive
Antitrust fines in the EU signal progress on emissions standards
On the 8th of July 2021 the European Commission announced that it had imposed a €875 million fine on a group of German car manufacturers for conspiring to limit the development of clean emissions technology. This is the 7th largest fine ever imposed by the body and demonstrates the EU’s hard-line response to the car industry’s flagrant disregard of international environmental law. Daimler’s decision to alert the Commission to the cartel in order to avoid fines under the 2006 Leniency Notice suggests that new regulatory frameworks are effectively discouraging cartels.
Hungarians protest encroaching Chinese Influence
Recently, Hungary’s President Orban has faced a wave of protests in response to plans to build a Chinese satellite campus at a Budapest University at the cost of $1.8 billion. The Hungarian public have objected on the grounds that the project could undercut the country’s higher education and increase the influence of China’s communist authorities in Hungary and across Europe. If the project goes ahead, there could be benefits for Sino-Hungarian relations but possibly at the cost of Hungary’s relations with its European neighbours and the stability of Orban’s premiership.
United Kingdom – Northern Ireland Protocol Complicates Trade Negotiations
The status of Northern Ireland (NI) has consistently been one of the most contentious aspects of Brexit. The tenuous political quagmire, combined with the fact that it hosts the only land border between the UK and the EU, has caused a plethora of economic and sociopolitical problems. In an attempt to prevent the creation of a hard land border in Ireland, the UK elected to let NI remain part of the EU single market. While this has prevented dividing Ireland, it has strained relations between NI and the rest of the UK.
