Euro & Finance

Digital 17-08-2017

Ireland says EU demand that Apple pay it €13 billion in back taxes unjustified

Ireland's finance minister said the European Commission's demand that Dublin collect up to €13 billion in back taxes from Apple was unjustified, in an interview with Germany's Frankfurter Allgemeine (FAZ) newspaper.

Economy & Jobs 15-08-2017

German court passes ECB buck to European judges

Germany's constitutional court said on Tuesday (15 August) it had declined to hear a challenge to the European Central Bank's €2.3 trillion asset purchase scheme, referring the case instead to the European Court of Justice.

Economy & Jobs 09-08-2017

Bank of England says Brexit transition desirable as banks set out contingency plans

The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability.

Economy & Jobs 08-08-2017

Madrid will push for a eurozone budget and eurobonds

The Spanish government is expected to put pressure on France, Germany and Italy to move to a deeper economic and monetary union by establishing a eurozone budget as well as a finance minister.

Economy & Jobs 07-08-2017

Strong euro worries Europe’s exporters, but little risk to growth

Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.

Economy & Jobs 01-08-2017

Prosecutor says Greece’s former statistics boss is guilty

A prosecutor said on Monday (31 July) that the former head of Greece’s statistical office was found guilty as he did not consult fellow board members about the much-discussed revised 2009 deficit figures. The prosecutor also said he was an employee of the IMF at the same time.

Brexit 01-08-2017

Dublin’s man in Berlin: Confidence growing in Irish economy despite ‘Brexit challenges’

Ireland’s priority in the Brexit negotiations is to ensure 1998’s Good Friday Agreement is protected, as well as maintaining close as possible ties between the EU and the UK, explained Dublin’s ambassador to Germany.

Economy & Jobs 27-07-2017

Athens hopeful new bond will open access to ECB funds

Greek Prime Minister Alexis Tsipras on Wednesday (26 July) claimed that his country's first bond sale in three years would help convince the European Central Bank to provide additional liquidity to its struggling economy.

Economy & Jobs 26-07-2017

Greek minister: With progressive federalism EU will regain citizens’ trust

In order for Europe to address the current governance issue and convince citizens that it works in their interest it should turn to a left-wing progressive federalism model, Nikos Pappas told EURACTIV.com in an interview.

Economic governance 25-07-2017

Greece prepares for end of bailout era with comeback bond

Greece sold debt to private investors for the first time in three years on Tuesday, a significant step towards gaining financial independence and exiting its third international bailout next year.

Time for Europe’s financial community to join the climate fight

Although many lessons have been learnt since the global crisis, the financial system is still not fit for purpose, in one crucial respect, warns Arlene McCarthy.

Economy & Jobs 24-07-2017

Greece breaks three-year isolation and returns to debt markets

After three years of “exile”, Greece will return on Monday (24 July) to the international debt markets, testing the waters to see if it can begin to wean itself off bailout loans after tough reforms.

Economy & Jobs 20-07-2017

ECB keeps easy money pledge despite better growth

The European Central Bank left its ultra easy monetary policy stance unchanged as expected on Thursday (20 July), keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.

Winds of change: EU embarks on sustainable finance mission

Disturbing developments on the international political scene have only increased the resolve of the European Union to lead in taking action against the impact of climate change. Flavia Micilotta explains why financing is a key component.

Juncker Plan falls short of offering green projects, expert group says

The high-level group on sustainable finance proposed on Tuesday (18 July) a new platform to match capital and green projects, as the Juncker Plan did not develop the 'big pipeline' that was expected to unlock the money resting in the pockets of big investors.

Central Europe 18-07-2017

Romanian government backtracks from plan to tax companies’ turnover

Romanian Prime Minister Mihai Tudose said yesterday (17 July) his leftist-led government had scrapped a plan to tax companies' turnover.

Economy & Jobs 18-07-2017

Germany made more than €1bn out of Greek crisis

Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis. EURACTIV’s partner La Tribune reports.

Economic governance 17-07-2017

European fiscal board chief: ‘Stop talking about recovery, we are approaching normality’

Arguably, the EU’s economic governance framework is one of the most divisive issues among member states and top priority in Europe’s to-do list of outstanding reforms. Niels Thygesen does not shy away from this challenge. After questioning European Commission fiscal stance for this year recommendation, he proposed a return to a more ‘prudent’ orientation for 2018. In October, he will address one of the hottest topics: whether the application of the Stability and Growth Pact (SGP) unfairly favoured countries like France.

Economy & Jobs 13-07-2017

Macron: Germany is competitive thanks to eurozone weaknesses

Ahead of Thursday’s (13 July) Franco-German Ministerial Council, Friday’s Bastille Day celebrations and Donald Trump’s visit to Paris, President Emmanuel Macron spoke to EURACTIV’s partner Ouest-France about Europe's future, and France’s relations with the US.

Reshaping the financial system as a tool for good

The European Commission's High Level Expert Group on Sustainable Finance delivered its interim report today (13 July). Ingrid Holmes, one of the members of the group, explains how the financial system can help address long-term challenges such as climate change.

Development Policy 13-07-2017

NGOs denounce cuts, tweaks to 2018 EU budget for development aid

EU member countries decided yesterday (12 July) to cut the proposed EU budget for 2018 by €1.2 billion. The European Parliament deplored this “mechanical” cut, while NGO’s denounced the decrease of development aid and its re-directing to combat immigration.

Economy & Jobs 13-07-2017

Macron urges greater eurozone convergence, presses Germany to act

The European Union remains an incomplete project and will require changes to its treaties that bring greater convergence between eurozone member states, French President Emmanuel Macron said in comments published on Thursday (13 July).

Economy & Jobs 12-07-2017

Commission says it’s time to end Greece’s excessive deficit procedure

The European Commission decided on Wednesday (12 July) to recommend that the EU Council close the excessive deficit procedure for Greece.

Development Policy 11-07-2017

French backtracking on FTT undermines development commitments

France’s development aid objectives appear to be compromised by a reduction in the base of the Financial Transaction Tax (FTT), which funds more than 20% of the country’s international solidarity effort. EURACTIV France reports.