British Prime Minister Theresa May is facing a new challenge in her attempts to go through with negotiations to bring Britain out of the European Union as some 80 members of her Conservative Party have announced she should either revise her Brexit strategy or face a party rebellion.
Overall, it was a ‘cheerleading’ speech with Draghi emphasizing the accomplishments of the ECB and the importance of the European Union unifying against the threat of increased protectionism in order to promote economic prosperity.
Lawmakers in the European Parliament approved a far-reaching proposal calling for greater scrutiny of foreign investments, part of a bid to respond to a flurry of Chinese acquisitions in the European Union.
European Union leaders will renew their vows on the 60th anniversary of the troubled bloc’s founding treaties Saturday at a special summit in Rome designed to show unity despite Britain’s looming divorce.
German Chancellor Angela Merkel said she would welcome a free trade agreement between South America and the European Union, further signaling her rejection of the protectionist stance being taken by US President Donald Trump.