Greece must not be granted a "bail in" that would involve creditors taking a loss on their loans, Germany's deputy finance minister said yesterday (26 February), as Athens announced how much gold it has in reserve.
London Stock Exchange (LSE) said its proposed merger with Deutsche Börse AG was unlikely to be approved by the European Commission, leaving the stock market operators' third attempt at combining on the brink of failure.
A planned reform of the US tax system designed to attract economic activity and jobs to the country could also put US companies beyond the reach of European state aid rules, an EU official told EURACTIV's media partner PaRR.
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.
British multinational bank HSBC could transfer 1,000 of its employees from London to Paris within the next two years. Meanwhile, the European Central Bank’s bond-buying programmes continue to impress. EURACTIV’s partner Milano Finanza reports.
Since the 2008 financial crisis broke out, more than €1.5 trillion in taxpayer money has been used to rescue ailing banks in Europe, according to the European Commission. Citizens shouldn’t grow accustomed to this, writes Sol Trumbo Vila.
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.
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.
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.
EU finance ministers agreed today (21 February) on criteria that will be used to label tax-free jurisdictions as offshore territories, sparking concerns about the negative impact on EU’s future black-list.
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.
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.
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.
In the Visegrád Group, there is a desire to both strengthen the powers of member states, but also defend the Schengen area, and the four freedoms. Unsurprisingly, talk of treaty change is in the air. Euractiv's Central European partners report.
Rolling back international banking regulations would put the achievements made since the financial crisis into question and could trigger a dangerous race between countries to ease rules, a senior European Union official warned on Tuesday (14 February).