EMU

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.

Economic governance 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.

Elections 10-03-2017

Hamon calls for international treaty to ‘democratise’ eurozone governance

Benoît Hamon’s proposal of an international treaty between the eurozone countries to increase democratic control of the single currency has raised eyebrows on the left, where such sovereigntist manoeuvring is viewed with suspicion. EURACTIV France reports.

Economy & Jobs 03-03-2017

Monti: Germany and France caused the economic crisis

The economic crisis in the EU was caused by the two “most revered parents” of the euro, Germany and France, which in 2003 did not comply with the stability pact, Mario Monti said today (3 March).

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.

Economy & Jobs 23-02-2017

Mélenchon and Hamon unable to overcome differences on Europe

Discussions on a possible coalition between the two left-wing candidates for France’s presidential election appear to have broken down. Their fundamentally different views on the future of Europe make any partnership unworkable. EURACTIV France 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.

Economy & Jobs 22-02-2017

EU says Germany should do more to help economy

Europe's top economy Germany should help its EU partners out, the European Commission said on Wednesday (22 February), after the Trump administration attacked Berlin for using the bloc to boost exports unfairly.

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 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.

Euro & Finance 13-02-2017

European recovery gains momentum despite ‘Trump effect’

The European Commission is expected to revise upwards its growth forecast for Europe on Monday (13 February), showing a marked improvement over its last outlook published hours after Donald Trump was elected US president.

Euro & Finance 10-02-2017

Lenders agree on more austerity for Greece to avoid default

Eurozone and IMF officials met with Greek Finance Minister Euclid Tsakalotos this afternoon (10 February) to overcome the stalemate in the bailout programme after the lenders agreed to request an additional €3.6 billion in cuts by 2018.

Future EU 09-02-2017

Poland’s Kaczynski warns two-speed Europe leads to ‘breakdown’

The powerful head of Poland's ruling party yesterday (8 February) warned that any moves toward a two-speed European Union would lead to the bloc falling apart.

Euro & Finance 01-02-2017

Member states warn EU fiscal supervision ‘inadequate’

Rules to control national spending are “complex” and the current approach is “inadequate”, the chair of the EU Network of Independent Fiscal Institutions, José Luis Escrivá, said on Tuesday (31 January).

Euro & Finance 27-01-2017

Commission confirms work on securitisation of EU sovereign bonds

European Commission Vice-President Valdis Dombrovskis said today (27 January) that the goal of setting up European Safe Assets is to reduce banks' exposure to sovereign debt.

Elections 26-01-2017

French presidential hopeful says EU’s ‘3% public deficit dogma must end’

During a TV debate yesterday evening (25 January), both contenders for the Socialist ticket in the French Presidential election said they would loosen the country’s purse strings, with Benoît Hamon going a step further by promising to end the EU's “3% deficit dogma”. EURACTIV France reports.