The Atlanticist

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March, 2018 the European Commission proposed requiring better disclosure of credit-card foreign-exchange fees and that charges on intra-EU cross-border euro and domestic non-euro payments be the same. To improve payments markets and further economic integration, the EU has intervened repeatedly. Interventions may be justified and useful where there’s a market structural problem or imperfection harming… » read more

Posted by Eric Grover

Venture capital funds relatively risky businesses with significant upside. It’s expensive capital. When successful however it has an outsized economic impact. Think PayPal, Square, Google, Facebook Amazon, and Uber. EC bureaucrats worry the EU has insufficient venture capital and is therefore disadvantaged relative to the US in creating big, transformational businesses. When Brussels perceives a… » read more

Posted by Eric Grover