Euro & Finance

Economy & Jobs 14-12-2017

Mongolia vows action to get off EU tax haven blacklist

Mongolia needs to take action at "all levels of government" to get itself removed from a European Union blacklist of tax havens, its foreign minister said, following talks with European counterparts.

Economy & Jobs 14-12-2017

Eurozone bouyant forecasts to bring early Christmas cheer for ECB

Positive new economic forecasts for the eurozone will bring early Christmas joy for the European Central Bank, but will not be enough to coax Frankfurt from its mantra of confidence tempered with patience, analysts expect, with president Mario Draghi set to avoid talk of further reducing its massive support to the economy.

Commission running late on climate reporting project

The Commission is working on its climate reporting project to be announced next spring, but Commission vice-president Valdis Dombrovskis already announced support for a relaxation of prudential regulations for green projects. EURACTIV France reports.

Economy & Jobs 13-12-2017

Macron shifts focus away from eurozone reform to court Merkel

French President Emmanuel Macron, concerned that a divisive discussion over eurozone reform might undermine his broader European agenda, has begun prioritizing other areas of EU cooperation, French officials say.

Tensions arise between Tusk and Commission over migration

The Commissioner for Migration Dimitris Avramopoulos described on Tuesday (12 December) European Council President Donald Tusk’s proposals on migration intended for the EU leaders’ summit later this week as "unacceptable" and  "anti-European".

Economy & Jobs 12-12-2017

US tax reform could have ‘major’ negative impact on global trade, Europeans warn

Germany, France, Italy, Spain and the UK have expressed their concerns to the US authorities about a draft tax reform that is in the process of being finalised by Congress.

Economy & Jobs 08-12-2017

Trans-Europe Express: European hypocrisy on tax havens

EU national governments say harbouring dodgy money is wrong - unless you’re European. After months of intense negotiations, the 28 EU finance ministers finally published their much-awaited blacklist of tax havens this week. And it landed like a damp squib.

Elections 08-12-2017

Schulz calls for ‘United States of Europe’ as SPD agrees talks with Merkel

Germany's Social Democrats, the country's second strongest party, agreed Thursday (7 December) to kick off exploratory talks with Chancellor Angela Merkel's conservatives that could lead to a new coalition government early next year.

Brexit 08-12-2017

Tweets of the Week: Brexit, Tillerson, Centeno, and Catalonia

This week it’s Brexit deal scuppered by the coalition, Tillerson in Brussels on a mission, new Eurogroup president in position, and Catalonia wants recognition.

Economy & Jobs 08-12-2017

MEPs try to add EU member states to the blacklist of tax havens

Socialists (S&D) want to add the Netherlands, Ireland, Luxembourg and Malta to the blacklist of tax havens in the EU during a vote on the report of the committee of inquiry on tax evasion next Tuesday (12 December). EURACTIV France reports.

Economy & Jobs 07-12-2017

Commission wants single eurozone seat at IMF plan adopted by end of mandate

The European Commission is pushing for the adoption, by mid-2019, of the proposal to create a unified seat at the International Monetary Fund, as part of its package to strengthen the economic and monetary union presented on Wednesday (6 December).

Economic governance 06-12-2017

EU’s tax haven list leaves out member states and British territories

After intense negotiations, EU member states point their finger at 17 tax havens in a somewhat succinct blacklist that disappointed officials, MEPs and transparency activists. EURACTIV France reports.

Future EU 06-12-2017

Brussels to unveil eurozone reform vision despite doubts

The European Commission will unveil a raft of ideas to reform the eurozone today (6 December), despite the resistance of powerful Germany, which remains without a government.

Global Europe 06-12-2017

EU adopts list of 17 tax havens, Panama first to protest

The EU finance ministers adopted yesterday (5 December) a list of “non-cooperative tax jurisdictions”, which is another way to label tax havens.

Economy & Jobs 05-12-2017

Portugal scores again, landing Eurogroup presidency

Portuguese Finance minister Mário Centeno became on Monday the new president of the Eurogroup as he promised to bring consensus across the aisle to strengthen the eurozone. 

Economic governance 05-12-2017

EU divided over tax haven blacklist

European Union ministers will haggle on Tuesday to draw up a blacklist of non-EU tax havens, with about 20 countries in danger of being publicly exposed for facilitating tax evasion.

Future EU 05-12-2017

Schulz says EU allies, including Tsipras, urged him to join Merkel government

The head of Germany's Social Democrats, Martin Schulz, said on Monday (4 December) he had been urged by French President Emmanuel Macron and other European leaders to join Chancellor Angela Merkel's next government and push for EU reforms.

Economy & Jobs 04-12-2017

Battle to lead Eurogroup reaches climax

Eurozone finance ministers pick the replacement for Eurogroup chief Jeroen Dijsselbloem on Monday (4 December), with four countries led by Portugal battling for the challenge of guiding the eurozone currency bloc through much needed reforms.

Economy & Jobs 04-12-2017

Greece, lenders reach deal on reforms under bailout review

Greece and its euro zone creditors reached a preliminary deal on Saturday (2 December) on reforms Athens needs to roll out under its bailout programme, a move that could pave the way for the country to leave the aid plan in August.

EU Priorities 2020 01-12-2017

EU budget 2018 finally adopted, socialists abstain

The Council and the European Parliament separately approved on Thursday (30 November) the deal reached on 18 November 2017 in the conciliation committee on the 2018 budget. Thus the budget is finally adopted, with the abstention of the S&D group in Parliament.

Economy & Jobs 01-12-2017

Tackle the discrepancies of enlargement to build a genuine social model

To put vigour back into its social model, the discrepancies and contradictions which are the byproducts of the enlargement and deepening of the Union during the last twenty years need to be addressed, writes Alfred Sant.

Oxfam challenges EU by publishing alternative tax haven list

A week before the Commission is expected to adopt a blacklist of tax havens, anti-poverty organisation Oxfam threw down the gauntlet by publishing its own list of 35 countries, which includes four EU member states and four EU hopefuls from the Western Balkans.

Economy & Jobs 24-11-2017

Candidate list for Eurogroup chief to be published on 1 December

The chairman of euro zone finance ministers, Jeroen Dijsselbloem, will announce on 1 December the names of those who applied to succeed him, but there are still no clear front-runners for the election that will happen three days later.

Future EU 23-11-2017

Tusk confirms December summit on future of eurozone will be held

A summit of euro zone leaders will go ahead as planned in the middle of December, the chairman of European Union leaders said yesterday (22 November), dispelling speculation it might be postponed because of the collapse of German coalition talks.