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20/01/2017

Monti group challenges the ‘juste retour’ principle in EU budgeting

Euro & Finance


Trade & Society 20-01-2017

Moscovici: 'Trump will bring more nationalism and protectionism'

Commissioner for Economic Affairs Pierre Moscovici agrees with the 'wait  and see' approach toward new US President Donald Trump mostly shared by the global elite in the in Davos. But he sees more nationalism and protectionism coming from the White House.
Euro & Finance 20-01-2017

Schäuble says IMF plans to stay in bailout talks, warns Trump to respect deals

International Monetary Fund (IMF) head Christine Lagarde reassured German Finance Minister Wolfgang Schäuble this week that the IMF plans to remain constructively engaged in talks about aid for Greece, a spokesman for Schäuble said earlier today (20 January).
Euro & Finance 20-01-2017

ECB unconvinced by inflation increase, monetary policy unchanged

European Central Bank (ECB) President Mario Draghi yesterday (19 January) announced the institution’s monetary policy would remain unchanged and asked for more patience as the economic recovery continues. EurActiv Spain reports.
UK & Europe 19-01-2017

Gibraltar is 'one EU entity' with UK, ECJ says in Brexit gambling blow

Britain and Gibraltar count as one EU state in terms of a key aspect of the single market, a senior EU lawyer said Thursday, in an opinion that could effect the territory's life after Brexit.
Energy 19-01-2017

Commission insists Greece must privatise 66% of DESFA gas grid

Europe's top energy official said today (19 January) that Greek authorities should privatise a majority stake in Greek gas grid operator DESFA, after a deal collapsed last year.
Euro & Finance 19-01-2017

Rutte and Schulz take the gloves off in front of Davos elite

Dutch Prime Minister Mark Rutte and former European Parliament President Martin Schulz clashed over the strategy to relaunch the Union, illustrating the deep division at Europe’s helm in front of the global audience of the World Economic Forum.
Euro & Finance 19-01-2017

German SPD says Europe can back Athens without the IMF

In an interview with Süddeutsche Zeitung, Social Democratic Party of Germany (SPD) deputy chairman Carsten Schneider insisted that the International Monetary Fund's (IMF) participation in the Greek bailout was not necessary. EurActiv Greece reports.
UK & Europe 19-01-2017

Goldman Sachs to slash London presence due to Brexit

US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its City headcount by half, German business daily Handelsblatt reported today (19 January).
Energy 18-01-2017

Greek power utility shareholders approve grid spin-off

Shareholders of Greece's power utility Public Power Corp. (PPC) approved yesterday (17 January) the transfer of a 51% stake in the power grid operator ADMIE, part of a spin-off scheme, which is a major term in Greece's bailout programme.
Euro & Finance 17-01-2017

Mixed bag of results for member state budgets from Commission

The European Commission said today (17 January) that Spain's budget for this year is "broadly" in line with EU targets and Portugal claimed that it met its 2016 goals. However, there were less positive signs from Italy and Lithuania.

Rajoy outlines 2017 plan, hopes for minimal Brexit disruption

Spanish Prime Minister Mariano Rajoy has told the presidents of Spain's autonomous communities that improving the country's welfare state could be possible but will depend entirely on getting back to pre-economic crisis levels. EurActiv Spain reports.
Euro & Finance 17-01-2017

Moscovici: Progress on deficit reduction must not be reversed

Pierre Moscovici spoke to EurActiv's partner Ouest-France about France's left-wing primary, the impact of Donald Trump's election, the 3% deficit rule, the Commission's March white paper and the importance of the euro.


Future EU 17-01-2017

Business leaders optimistic about future, despite popular discontent

Top business executives are split over the benefits of globalisation, but most remain “extremely positive” in their growth forecasts, a PwC survey shows.
Enlargement 16-01-2017

Commission approves new aid programme for Moldova

The European Commission will provide Moldova with €100 million in EU aid as the Eastern European country struggles to meet its short-term financial needs. EurActiv Romania reports.
Euro & Finance 16-01-2017

Oxfam: Growth of inequality accelerated in 2016

Global wealth become even more concentrated in the hands of the rich in 2016, according to Oxfam. Eight people now control as much wealth as the poorest half of the world's population. EurActiv France reports.
UK & Europe 16-01-2017

Britain threatens to undercut EU if Brexit plans fail

Britain warned on Sunday (15 January) it might undercut the EU economically if it cannot obtain both single market access and immigration controls, as Prime Minister Theresa May prepared her big Brexit strategy speech.
Euro & Finance 13-01-2017

ECB takes flak from Berlusconi and Schäuble

The European Central Bank faced a multi-pronged assault today (13 January) as former Italian Prime Minister Silvio Berluscon was revealed to have filed a case against the bank and Germany’s finance minister told it how to do its job.

Pre-Davos report calls for reforming capitalism to survive global backlash

The World Economic Forum study warns that democracy is in “deeper crisis” and urges for more inclusive growth amid the growing inequalities fuelled by technological disruption.
Euro & Finance 13-01-2017

France must cut corporation tax to compete within EU, say auditors

Corporation tax in France is too far above the European average, according to a report by the French Court of Auditors. The experts said a cut from 33.3% to 25% would allow companies to compete with their European counterparts. EurActiv France reports.
Euro & Finance 13-01-2017

Schäuble: If IMF exits Greek bailout, EU could take over

Berlin is weighing up the possibility of the EU taking over the Greek bailout in the event that the International Monetary Fund decides to end its role in it, German Minister of Finance Wolfgang Schäuble said on Friday (13 January). EurActiv Greece reports.
Euro & Finance 12-01-2017

Kalfin: Brexit is an opportunity for the future EU budget

The EU budget should become more transparent or other countries will follow the UK's example. But Brexit also provides an opportunity to get rid of all rebates, which nobody can actually explain, Ivailo Kalfin, member of the Monti group on the future EU budget, told EurActiv in an exclusive interview. Ivailo Kalfin, is a member of …

Austrian chancellor launches bid to win back voters from far right

Austrian centre-left Chancellor Christian Kern yesterday (11 January) launched a bid to win back voters from the far-right Freedom Party (FPÖ), presenting a 10-year plan focused on creating jobs, boosting public investment and taxing multinationals.
Euro & Finance 11-01-2017

Malta denounced as tax haven as it assumes EU presidency

Malta was today (11 January) accused of being a tax haven as it took over the rotating presidency of the EU. Some companies in the EU's smallest country pay as little as 5% tax on their profits.
Euro & Finance 11-01-2017

Monti group challenges the ‘juste retour’ principle in EU budgeting

The ‘Monti group’ will propose new ways of budgeting for the post-2020 period on Thursday (12 January), challenging the principle of ‘juste retour’, and looking at the opportunities of abandoning the UK rebate, according to a draft report seen by EurActiv.com.