Economic governance

23-03-2017

Indignation grows over Eurogroup chief’s ‘drinks and women’ remarks

Eurogroup chief Jeroen Dijsselbloem on Wednesday (22 March) expressed "regret" over his comments that southern European countries blew their money on "drinks and women" but rejected calls to resign, despite a growing chorus of indignation.

23-03-2017

Italy to stretch EU rules again with new bank bailout

Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.

Economy & Jobs 22-03-2017

Romania runs out of money to co-finance EU projects

Romania’s regional development minister has told the nation’s mayors that there is no more money left for co-financing European projects, since the limit has already been reached and the country tries to keep its deficit under 3%. EURACTIV Romania reports.

21-03-2017

Dijsselbloem to open debate on his future as Eurogroup chief

Acting Dutch Finance Minister Jeroen Dijsselbloem said yesterday (20 March) that he would have a discussion with his eurozone colleagues about his continuation as Eurogroup president, following the electoral debacle of his party in The Netherlands.

Opinion leaders identify seven pillars for ‘better’ EU action

CIVICO-Europa, an informal group set up by opinion leaders and later supported by politicians, presented today (20 March) a manifesto for the future of Europe, based on “doing much better together”, rather than the traditional way of “doing more”.

Economy & Jobs 20-03-2017

Eurozone chief backs German calls for ‘a European IMF’

The European Stability Mechanism (ESM) – the eurozone's bailout fund – should ultimately be turned into a European version of the International Monetary Fund IMF, according to the head of eurozone finance ministers.

17-03-2017

Dutch vote throws Eurogroup leadership into doubt

Jeroen Dijsselbloem could well lose his role as chair of the EU body coordinating eurozone policy after his party was routed in the Dutch election. But there is a chance he could retain his position even if he is no longer finance minister in a new coalition.

14-03-2017

French economist: ‘German trade surplus responsible for eurozone inequity’

The economic imbalances of the eurozone are undermining citizens’ confidence in the European project. Cutting Germany’s trade surplus could help redress the balance, Jérôme Creel said in an interview with EURACTIV France.

‘Open the ECB’s Black Box’ say Varoufakis and De Masi
09-03-2017

‘Open the ECB’s Black Box’ say Varoufakis and De Masi

The Greek economy is still in crisis, contracting 1.2% in the quarter. The figures, published by the Greek statistics agency, Elstat, show it was the worst quarter since the summer of 2015, when the European Central Bank closed the Greek banks.

08-03-2017

Berlin continues quest for ‘European Monetary Fund’

The German government still wants to set up a European monetary fund but the European Commission does not want to surrender any responsibility for assessing eurozone finances. EURACTIV’s partner Der Tagesspiegel reports.

Economy & Jobs 06-03-2017

Deutsche Bank sets sights on €8bn in capital hike

German banking powerhouse Deutsche Bank wants to beef up its capital reserves by selling off millions of new shares, as well as overhauling its business structure, in the wake of massive losses and international sanctions. EURACTIV’s partner Milano Finanza reports.

Economy & Jobs 28-02-2017

EU centre-right sets the tone for the Commission’s EMU paper

EXCLUSIVE / An innovation-driven economy where rules are respected and the labour market is flexible will help Europe ensure its position in a constantly changing world, according to a European People’s Party document seen by EURACTIV.com.

Banking union 23-02-2017

HSBC prepares for Brexit, ECB bond programme pays off

British multinational bank HSBC could transfer 1,000 of its employees from London to Paris within the next two years. Meanwhile, the European Central Bank’s bond-buying programmes continue to impress. EURACTIV’s partner Milano Finanza reports.

Economy & Jobs 23-02-2017

Brussels tells Italy to reduce fiscal gap or risk being fined

The European Commission warned Italy on Wednesday (22 February) it risked disciplinary action if it did not adopt promised measures to cut its deficit, adding to pressure on a government facing possible early elections and rising euro-sceptic sentiment.

23-02-2017

US businesses push EU single market in face of populist headwinds

Lawmakers must move forward with EU single market integration now more than ever, the vice-president of the American Chamber of Commerce to the European Union told EURACTIV.

Economy & Jobs 22-02-2017

EU to say French economy out of balance, Germany surplus too high

The European Commission will tell France on Wednesday (22 February) its economy is improving but still has excessive imbalances, while chiding Germany over its current account surplus and warning Italy it must reduce its rising public debt, an EU official said.

Economy & Jobs 21-02-2017

Greece’s lenders shift from austerity to reforms

The Eurogroup took a small step on Monday (20 February) towards the completion of the second review of Greece's €86 billion rescue programme, placing the emphasis on reforms over austerity to reduce the country's huge debt pile.

Economy & Jobs 20-02-2017

Schäuble denies ‘Grexit’ threat, says Greece on right path

German Finance Minister Wolfgang Schäuble denied yesterday (19 February) that he had said Greece would have to leave the eurozone if it failed to implement economic reforms.

Economy & Jobs 20-02-2017

Commission to warn Italy over rising debt

The European Commission will warn Italy on Wednesday (22 February) it could face EU disciplinary action for not reducing its huge public debt as required by EU laws, unless Rome delivers on deficit cutting measures as promised, an EU official said.

Euro & Finance 17-02-2017

EU’s Dombrovskis: Trump brings ‘concern’ to international financial regulation

European Commission Vice-President Valdis Dombrovskis is wary of US moves to deregulate the banking sector, saying the main lesson from the 2008 financial crisis is that international finance needs international rules. But he was positive about Greece’s fiscal adjustment and called on Athens and its lenders to give a “final push” to break the stalemate on the country's bailout programme.

Euro & Finance 16-02-2017

Cost of deadly quakes hits €23bn as Italy asks for EU aid

A series of deadly earthquakes that struck central Italy over the past six months has cost the country more than €23 billion, the nation's Civil Protection Agency said Wednesday (15 February).

Euro & Finance 13-02-2017

European Economic Forecast: Sunny with a chance of uncertainty

EU economies are expected to grow throughout 2018. The upturn is the first time in almost a decade that member states have collectively experienced positive growth.

Euro & Finance 13-02-2017

Commission: Trump stimulus payment ‘gonna be huge’ but inconsequential

The European Commission predicted in its winter forecast €226 billion in additional spending as part of the fiscal stimulus promised by the new US government, but its economic impact will be “very low”.

Euro & Finance 13-02-2017

Piketty outlines eurozone assembly proposal to ‘democratise’ single currency

As Benoît Hamon’s advisor for European budgetary issues, Thomas Piketty hopes to construct a “democratic decision-making mechanism” within the eurozone, he told France Inter on Sunday (12 February). Euractiv’s partner Ouest-France reports.