Euro & Finance

Global Europe 23-06-2017

France and Germany to make joint proposal for future of Europe

French President Emmanuel Macron said yesterday (22 June) that with German Chancellor Angela Merkel they would table concrete proposals for the future of the EU and of the Eurozone in three months’ time.

Economy & Jobs 21-06-2017

Commission moves to tighten tax evasion rules

The European Commission took a further step in fighting cross-border tax evasion on Wednesday (21 June) by proposing tougher new rules for financial intermediaries who design and promote tax planning schemes for their clients.

Economy & Jobs 15-06-2017

Greece did its part; now it’s the Eurogroup’s turn

Greece has made huge sacrifices and the government has made significant reforms. Now the ball is in the Eurogroup's court to provide the necessary certainty to both people and the markets via a debt deal, writes Roberto Gualtieri.

Economy & Jobs 14-06-2017

Confusing messages suggest tough Greek debt talks at Eurogroup

The European Commission is optimistic about an overall agreement with Greece at tomorrow’s Eurogroup. But Athens says a deal is still far due to Germany’s stance.

Economy & Jobs 14-06-2017

European Parliament on the fence over tax transparency for multinationals

After a vote on Monday (12 June) by MEPs, European multinationals will be obliged publish details of their activities in every country where they operate. But a number of exemptions could weaken the tax transparency system. EURACTIV France reports.

Economy & Jobs 14-06-2017

Moscovici sees deal on Greek loans, fair solution on debt

European Union Currency Commissioner Pierre Moscovici said he expects Greece and its international lenders to reach a compromise deal on new loans this week and that a "fair solution" will be found on debt relief.

Banking union 13-06-2017

EU seeks post-Brexit powers over London euro clearing

The EU unveiled plans Tuesday (13 June) to give itself powers to force a huge slice of London's banking business out of the UK after Brexit in a blow to the city's supremacy as a global financial hub.

Economy & Jobs 13-06-2017

Commission must double efforts towards a sustainable financial system

The European Commission is taking steps towards a more sustainable financial system in Europe, but must double its efforts to create a truly resilient system that Europe needs, writes Anne van Schaik.

Economy & Jobs 12-06-2017

EU targets terror financing with VAT fraud crackdown

To gain the cooperation of reluctant countries such as Germany in its anti-fraud efforts, the EU executive is highlighting the link between VAT fraud and terrorism. EURACTIV France reports.

Economy & Jobs 12-06-2017

Cake and taxes

The European Parliament has the opportunity on Monday (12 June) to vote for real public country-by-country tax reporting. Anything short of real transparency will allow large companies to keep hiding crucial information and avoiding their fair share of taxes, writes Elena Gaita.

Economy & Jobs 09-06-2017

Commission must double efforts towards a sustainable financial system

Robust and binding criteria are needed to build sustainable capital markets or we risk that both national legislators and financial investors simply ignore their investment’s impact, or revert to greenwashing, writes Anne van Schaik.

Economy & Jobs 09-06-2017

Multinationals should say what they pay

From an investor’s perspective, planned transparency is far preferable to surprise leaks or investigations into corporate tax avoidance strategies which lead to reputational risk and government crackdown, writes Morris Pearl.

Digital 09-06-2017

Commission struggles with tax exemptions in EU-wide pension proposal

European Commission Vice-President Valdis Dombrovskis admitted on Thursday (8 June) that full harmonisation across Europe, for the tax regime applied to the upcoming EU-wide personal pension insurance, was "unlikely".

Economy & Jobs 08-06-2017

Moscovici urges Greece’s lenders ‘not to play with fire’

Economic Affairs Commissioner Pierre Moscovici warned today (8 June) Greece’s creditors to avoid “playing with fire” ahead of a crucial Eurogroup meeting on 15 June.

Economy & Jobs 08-06-2017

Greek PM calls for EU investment to break debt deadlock

Greece's Prime Minister Alexis Tsipras on Wednesday (7 June) urged the EU to commit to investment aimed at boosting Greek growth in order to break a deadlock between European creditors and the IMF over the nation's debt.

Economy & Jobs 08-06-2017

ECB to keep taps open as economic outlook uncertain

The European Central Bank is likely to keep the money taps fully open at its meeting today (8 June) as inflation remains below its target despite stronger economic growth in the eurozone.

Banking union 07-06-2017

EU banking resolution rules pass credibility test with Banco Popular

The new Single Resolution Board intervened for the first time early this morning (7 June) to save Banco Popular, a troubled Spanish bank whose deposits were protected without using taxpayers’ money after Banco Santander decided to acquire its assets.

Economy & Jobs 07-06-2017

OLAF investigates EU leaders in Panama Papers scandal

The European Anti-Fraud Office (OLAF) is investigating several European politicians and high-ranking civil servants for tax evasion, using information leaked in the Panama Papers scandal. EURACTIV’s partner La Tribune reports.

Green finance reaches EU policy ‘tipping point’

The mid-term review of the EU’s Capital Markets Union initiative, due on Wednesday (7 June), will mark another step towards the mainstreaming of green finance in Europe, a senior EU official told EURACTIV.

Economy & Jobs 06-06-2017

ECB expected to hint at end to easy money

Expectations are high that the European Central Bank will hint that it is heading for the exit from its easy-money policy when governors meet in Estonian capital Tallinn on Thursday (8 June).

Economy & Jobs 02-06-2017

Bulgaria seeks access to the euro waiting room

Bulgaria has a long way to go before it is ready to adopt the euro but allowing Sofia into the Exchange Rate Mechanism (ERM-2) will be an acknowledgment of the Balkan country's reform efforts, its finance minister said today (2 June).

Politics 02-06-2017

ECB rejects appeal against hiring of president’s adviser

The European Central Bank has rejected a staff appeal against the handpicking of President Mario Draghi's policy adviser, batting back the most high-profile challenge to date to hiring practices at the Frankfurt-based institution.

Economy & Jobs 01-06-2017

Monte dei Paschi bailout accepted with severe restructuring plan

The European Commission and Italy agreed on a bailout for embattled bank Monte dei Paschi that would pave the way for the injection of billions of euros.

Economy & Jobs 01-06-2017

Billionaire Czech politician leading polls rules out joining euro

The Czech Republic should not adopt the euro because it would "bring nothing good," former finance minister Andrej Babis, the front-runner in October's general election, said in an interview today (1 June).