EMU

Economy & Jobs 14-06-2017

Confusing messages suggest tough Greek debt talks at Eurogroup

The European Commission is optimistic about an overall agreement with Greece at tomorrow’s Eurogroup. But Athens says a deal is still far due to Germany’s stance.

Economy & Jobs 06-06-2017

ECB expected to hint at end to easy money

Expectations are high that the European Central Bank will hint that it is heading for the exit from its easy-money policy when governors meet in Estonian capital Tallinn on Thursday (8 June).

Brexit 01-06-2017

Soros: Britain could reunite with the EU before the divorce is completed

Investor and philanthropist George Soros said today (1 June) that the EU should use Brexit as a “catalyst for introducing far reaching reforms”, transforming itself into an organisation that Britain would like to rejoin before the divorce is completed.

Economy & Jobs 31-05-2017

Moscovici: Referendums not needed to deepen the eurozone

The European Commission backed alternative options to referendums in order to pass major changes needed to deepen the Economic and Monetary Union amid “broader questioning” about the single currency.

Economy & Jobs 24-05-2017

Schäuble insists EU treaty change now is ‘unrealistic’

Germany's Finance Minister Wolfgang Schäuble said on Tuesday (23 May) that it is "unrealistic" to consider changing European treaties at this stage, calling instead for incremental steps by national governments to move EU integration forward in specific areas.

Economic governance 23-05-2017

Moscovici: Italy, Portugal, Spain fiscal progress ‘good news’

Portugal, Italy and Spain became yesterday (22 May) illustrative examples of the new period Europe enjoys. The executive congratulated Lisbon and Madrid for turning their economies upside down, just one year after they became the first countries that breached the fiscal rules, while it gave its blessing to Rome’s adjustments, one of the eurozone’s troublemakers.

Economy & Jobs 19-05-2017

Greek parliament approves more austerity to unlock bailout funds, debt relief

Greek lawmakers on Thursday (18 May) approved pension cuts and tax hikes sought by the country's lenders to unlock vital financial aid, as angry demonstrators protested outside parliament over new austerity, the latest since the country plunged into crisis seven years ago.

Economy & Jobs 16-05-2017

Spain calls for deeper eurozone integration, pooled debt

Spain's conservative government has added its voice to calls for deeper integration in the eurozone, suggesting to Brussels in a paper that members of the bloc should pool some aspects of their debt management and share a budget to fight crisis shocks.

Economy & Jobs 10-05-2017

German parties joust over Macron’s euro plans

After cheering Emmanuel Macron's win over his far-right rival in the French presidential election, a row has broken out within German Chancellor Angela Merkel's coalition government over how to respond to his calls for closer European integration.

Elections 09-05-2017

Macron’s four European priorities

Europe was the subject that most influenced Emmanuel Macron’s voters in France’s presidential election. Naturally, this places the EU at the top of the new president’s list of priorities. EURACTIV France reports.

Economy & Jobs 09-05-2017

Macron win bolsters European moves on globalisation, eurozone

The European Commission will consider additional actions to defend European investment abroad and will call for high level of social protection to minimise the negative consequences of global trade.

Economic governance 08-05-2017

Juncker warns Macron French spend too much money

European Commission chief Jean-Claude Juncker on Monday (8 May) called on France's incoming president Emmanuel Macron to cut public spending, saying its current policies involved too much money going to wrong things.

Economic governance 05-05-2017

Eurozone to mull Greek debt relief once reforms take place

Eurozone governments will consider medium-term debt relief for Greece as promised in a statement in May 2016 once Athens implements the reforms it agreed to earlier this week, a eurozone official said on Thursday (4 May).

Economy & Jobs 04-05-2017

EU declares Brexit battle over euro clearing

The EU fired a fresh salvo at the UK on Thursday (4 May), proposing fresh rules that would require a huge slice of London's banking business to leave the UK after Brexit.

Economy & Jobs 02-05-2017

IMF says EU still needs ‘credible’ debt relief for Greece

Despite an agreement reached Tuesday (2 May) on a reform package, Europe still needs to provide "credible" debt relief to Greece before the International Monetary Fund can provide more financing, an IMF official said.

Economy & Jobs 27-04-2017

Dijsselbloem defends legacy during critical plenary

Eurogroup President Jeroen Dijsselbloem came under fire today (27 April) during the European Parliament’s plenary session because of his role in the Greek bailout programme and his comments about Southern European member states.

Economy & Jobs 26-04-2017

Greece calls for debt relief as bailout talks resume in Athens

Greece's prime minister held out for a commitment from lenders to debt relief on Tuesday (25 April), and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a 22 May target.

Economy & Jobs 20-04-2017

IMF holds keys to Greece’s fate

The International Monetary Fund must hold firm to its stated position in support of debt relief for Greece in meetings of finance ministers that will take place in Washington this week, writes William Rhodes.

Economy & Jobs 06-04-2017

JP Morgan boss: ‘Breakup of the EU and eurozone would be devastating’

In his annual letter to shareholders, the chairman of America’s biggest bank expressed his concern about the consequences of Brexit, as well as the financial deregulation promised by Donald Trump’s administration. EURACTIV’s partner La Tribune reports.

Economy & Jobs 04-04-2017

Dijsselbloem fails to win support to complete mandate

A new president of the Eurogroup could be elected by the summer break, as the controversy surrounding Jeroen Dijsselbloem has almost put paid to any chance he had of completing his mandate once a new Dutch government is formed.

Economic governance 28-03-2017

ECB needs greater democratic oversight, TI says

The European Central Bank needs greater oversight and more accountability, as it has strayed into the realm of political decision-making but without the necessary scrutiny, global watchdog Transparency International said in a report on Tuesday(28 March).

Elections 22-03-2017

Hamon’s European programme strikes a chord in Brussels

France’s Socialist presidential candidate made the pilgrimage to Brussels on Tuesday (21 March) to try and drum up support for his EU programme. But the Commission remains unconvinced by Benoît Hamon’s plans to democratise eurozone governance. EURACTIV France reports.

Elections 21-03-2017

Study: Frexit chaos would be ‘worse than collapse of Lehman Brothers’

The political disarray in France’s mainstream parties is encouraging debate about Frexit. The possibility is alarming economists, who fear it would cause a “cardiac arrest” in global finance and make life harder for the poor. EURACTIV France reports.

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.