Brussels for Breakfast (110)

Hosted by the British Bankers' Association

May 19 2015


  • Graham Bishop (

  • Raoul Ruparel (Open Europe)


I don’t know how much there is to say this month. Looking through my notes, it seems that Greece dominates, to the exclusion of a sensible discussion about the (many) other things that are going on in Brussels. And I am not sure how relevant the threat of ‘Grexit’ is to the EU financial services sector – though I am sure that Graham Bishop (proprietor of will enlighten us.

That said, there was an important speech by Lord (Jonathan) Hill on CMU on April 17, which needs deconstructing. And there has been a major push by the Commission into the e-commerce space. And there is, of course, the latest political agreement on a revised Payment Services Directive. All of this is grist to the B4B mill.

On top of that, there is the impact of the UK election – and the impact it will have on Britain’s relationship with Europe and on its ability to pull its weight in the European institutions. I am writing this the day after Cameron’s triumph, before the dust has really settled. Still, it seems clear that the promise of a referendum on UK membership is unlikely to make relations with Brussels any easier.

Graham will be joined on the panel by Raoul Ruparel, head of economic research at the think tank Open Europe. Raoul has been leading Open Europe’s research on financial regulation, CMU and the Eurozone crisis. In addition to his day job, he is a frequent media contributor, including a regular slot writing for Forbes on EU issues.