Euro & Finance

Economy & Jobs 27-04-2017

Austria won’t increase contribution to EU budget after Brexit

European Union negotiators displayed unity as they met today (27 April) to discuss guidelines for divorce talks with Britain, seeking to forestall differences that could emerge at a later stage of talks.

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.

Elections 27-04-2017

Future of the French deficit hangs on election result

Emmanuel Macron has promised to respect the EU’s budget rules, while Marine Le Pen has hardly mentioned the issue in her campaign. But Brussels is preparing for tough talks on the French deficit once the new president is elected. EURACTIV France reports.

Economy & Jobs 27-04-2017

Russia opens the door to cryptocurrencies

The benefits of blockchain are attractive to Russia’s financial system, writes Antonia Colibasanu.

Brexit 26-04-2017

Britain could lose 4,000 Deutsche Bank jobs over Brexit

Deutsche Bank could move up to 4,000 jobs away from Britain, the group's compliance chief said Wednesday (26 April), as Germany's largest lender struggles to work out the consequences of Brexit.

Economy & Jobs 26-04-2017

Commissioners promote more attractive cohesion policy

Regional Policy Commissioner Corina Crețu and Employment Commissioner Marianne Thyssen have submitted several proposals to make cohesion policy more visible and attractive.

Economy & Jobs 26-04-2017

MEPs side with innovators on FinTech

Supporting innovation should be the driving force behind the EU response to the emerging field of financial technology, European lawmakers said in a draft resolution adopted yesterday (25 April).

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.

Climate change 25-04-2017

Most global investors recognise financial risk of climate change, report finds

For the first time a majority of global investor heavyweights recognise the financial risks of climate change, according to the results of a major global index rating how investors manage such risks. EURACTIV's partner The Guardian reports.

Elections 25-04-2017

Rome, Athens look to Macron to help douse anti-EU fires

The Italian and Greek governments are counting on France's likely next president Emmanuel Macron to help them see off populist parties that blame European Union-enforced austerity and open immigration policies for economic and social ills.

Brexit 25-04-2017

EU warns Britain: Don’t assume free trade deal for the City

European Union leaders will warn Britain it cannot assume its big financial services industry will be included in any free trade deal after Brexit, diplomats said on Monday (24 April) after fixing negotiating terms in a draft document.

Elections 21-04-2017

Greek 2016 primary surplus at surprisingly high level

Greece in 2016 registered a primary surplus of 3.9% of output, its statistics agency said today (21 April), in an important announcement for the country's reform talks with its creditors.

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.

Economic governance 19-04-2017

Austria misses EU’s structural deficit target

Austria's structural deficit last year was slightly larger than the government had forecast, overstepping the limit of roughly 0.5% of gross domestic product (GDP) sought under European Union rules.

Economy & Jobs 19-04-2017

IMF insists that Greece needs a debt restructuring

The International Monetary Fund (IMF) will participate in the Greek bailout programme on the condition that the country’s debt is sustainable and, thus, a restructuring will be needed, IMF chief Christine Lagarde warned on Tuesday (18 April).

Economy & Jobs 14-04-2017

Portuguese finances continue to impress

The Portuguese government rolled out an ambitious plan yesterday (13 April) to eliminate its budget deficit by 2020 after slashing the gap to its lowest level in at least four decades last year, while also sharply reducing public debt and spurring growth.

Economy & Jobs 14-04-2017

US government ‘open’ to IMF participation in Greek bailout

Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said yesterday (13 April).

Elections 13-04-2017

Moscovici: ‘Frexit’ would be ‘fatal’ blow to Europe

European Commissioner Pierre Moscovici told EURACTIV France that electing Marine Le Pen and leaving the EU would deal a fatal blow to the European project.

Elections 12-04-2017

‘Chancellor Schulz’ will maintain austerity, won’t rule out Grexit

Martin Schulz will not change Germany's approach to austerity if elected chancellor later this year. Neither has he ruled out Greece leaving the eurozone if reforms are not implemented. EURACTIV Germany reports.The Social Democrat leader and former European Parliament president told the Financial Times that the prospect of Greece leaving the single currency …

Economic governance 11-04-2017

ECB hails 2016 as best post-crisis year

The European Central Bank judged yesterday (10 April) that it had a successful 2016, claiming in its annual report that it had nurtured economic recovery and that it was the eurozone’s most successful post-crisis year.

Brexit 07-04-2017

Bank of England chief tries to avoid Brexit bank bedlam

Bank of England Governor Mark Carney called today (7 April) for Britain and the EU to reach a sweeping deal to recognise each other’s bank rules after Brexit or risk a potentially damaging hit to financial services across Europe.

Central Europe 07-04-2017

Croatia passes law to rescue debt-laden giant Agrokor

Croatia passed an emergency law yesterday (6 April) aimed at protecting the economy from big company failures as Agrokor, the country's largest private firm, seeks to resolve its debt crisis.

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 06-04-2017

MEP: Own resources are only answer to EU’s ‘budget schizophrenia’

The revision of the multiannual financial framework will give the EU budget more breathing room but will still not give the bloc enough clout, MEP Isabelle Thomas told EURACTIV France.