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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCommission Outlines Schengen Reforms
The European Commission is announcing plans to reform the free-movement Schengen zone following significant blows to the functioning of the EU's checkless borders in 2020.
- Live link: https://audiovisual.ec.europa.eu/en/topnews/M-006682
- Commission statement: https://ec.europa.eu/commission/presscorner/detail...
- Commission Vice-President for Promoting our European Way of Life Margaritis Schinas stated that the functioning of the Schengen zone had been hit in recent years by the migrant crisis of 2014-16 and the pandemic in 2020-21, both of which saw Schengen members impose some form of restriction on travel to other members, in contravention of the zone's rules.
- Adopting the EU's New Pact on Migration and Asylum, hardening of external borders, and admitting non-Schengen EU member states Bulgaria, Croatia, and Romania to the zone are all put forwards as crucial for ensuring the success of the Schengen zone.
- The New Pact on Migration and Asylum remains a controversial proposal, with criticism from liberal groups and politicians alleging the Commission has given in too much to conservative member states. These nations will not have to accept a quota of migrants or refugees, and can instead offset this by providing administrative or financial support.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.