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21/11/2016

Commission cuts growth forecast for both EU and eurozone in 2017

Euro & Finance


News
Euro & Finance 21-11-2016

Morgan Stanley advises how best to ride out potential upcoming election chaos

Financial services giant Morgan Stanley has released a report on how best to protect portfolios, ahead of Italy's crucial referendum and upcoming European elections. EurActiv’s partner Milano Finanza reports.
News
Euro & Finance 21-11-2016

ECB chief outlines three risks still facing Eurozone recovery

The profitability of European banks, weak inflation and the recovery's dependence on accommodating monetary policy are the three immediate risks facing the Eurozone, Mario Draghi has said. EurActiv’s partner Milano Finanza reports.
Interview
Euro & Finance 18-11-2016

Hudák: The EFSI is 'driven by demand'

On Thursday (17 November), the European Investment Bank signed a contract with the Kuyavia-Pomerania Voivodeship to help finance the modernisation of a hospital in northern Poland under the EFSI. The EIB’s Vazil Hudák spoke to EurActiv Poland about the deal.
News
Euro & Finance 18-11-2016

Schäuble praises progress made by Spain, takes aim at Moscovici

German Finance Minister Wolfgang Schäuble has praised Spanish Prime Minister Mariano Rajoy for the "great progress" he has made in structural reforms and refuted EU claims that Germany should be spending more to stimulate growth. EurActiv Spain reports.
News
Digital 18-11-2016

Romania and EU agencies smash cybercrime gang

Romanian police have smashed, with the help of European law enforcement agencies, a computer fraud gang accused of stealing millions of euros from unsuspecting victims, officials said Thursday (17 November).
Opinion
Euro & Finance 17-11-2016

It’s time to focus on growth

The most divisive US election in modern history and the uncertainty that it created across the world is over. Now, leaders should turn to the challenge of securing sustainable economic growth, writes William R. Rhodes.
Opinion
Future EU 17-11-2016

European citizens, time to wake up!

The triumph of populism in Britain and the US should act as a wake-up call for citizens to support greater ambition for the European project, write signatories from the May 9 Movement.
News
Euro & Finance 17-11-2016

Slovak presidency brokers the EU’s 2017 budget

The Slovak presidency brokered the EU budget for 2017 overnight (16-17 November), setting aside more funds for making Europe more competitive and secure. More money will go for the reception and integration of refugees and to addressing the root causes of migration.
Interview
Euro & Finance 17-11-2016

New Democracy: Schäuble was more aggressive with us

German Minister of Finance Wolfgang Schäuble was far more aggressive with Greece when a right-wing government was in power than the left-wing Syriza-led coalition, New Democracy's Konstantinos Kyranakis told EurActiv.com, adding that the European People’s Party did not work as an alliance during those days.
News
Euro & Finance 17-11-2016

Brussels makes timid fiscal push to reverse austerity, counter populist wave

The European Commission stepped up its efforts to leave austerity behind on Wednesday (16 November) by advocating for the first time a timid expansionary fiscal policy for the eurozone and forgiving Spain and Portugal for breaching EU budget rules.
Opinion
Social Europe & Jobs 17-11-2016

Europe’s 'working poor' and populism are on the rise

Driven by a labour market recovery, EU citizens’ opportunities for social participation have improved slightly for the first time since 2008. But not everyone is benefiting. A high risk of poverty persists in many countries, especially in southern Europe, warn Daniel Schraad-Tischler and Christof Schiller.

News
Euro & Finance 17-11-2016

Stiglitz: US will have a 'tax avoider-in-chief' in White House

Countries that encourage tax evasion should miss out on free trade agreements and access to banking, according to economist Joseph Stiglitz who urged Europe to take the lead in fighting tax dodgers in the wake of Donald Trump’s victory in the United States. EurActiv Germany reports.



News
Euro & Finance 16-11-2016

Italy, ‘tired of European contradictions’, opposes EU budget review

European Union governments and institutions are set for intense budget negotiations ahead of a 17 November deadline, with Italy complaining not enough spending is planned for handling migration, security threats and youth unemployment.
News
Euro & Finance 16-11-2016

Obama offers Greece solidarity on debt as police clash with protesters

Barack Obama offered solidarity with Greece over its debt and migrant crises yesterday (15 November) during his final trip to Europe as US president before handing over power to Donald Trump.
Opinion
Euro & Finance 16-11-2016

'Stupid' austerity has played into the hands of populism

Europe’s refusal to do away with austerity policies contributed to a huge external deficit across the Atlantic, while the EU remained in the black. That doesn’t mean we won though, warn Ernest Maragall and Jordi Angusto.
News
Euro & Finance 15-11-2016

Trump, Wall Street and the banks: Massive deregulation ahead

Donald Trump’s promise to cut red tape in the financial sector is one of the few areas the president-elect has been consistent. Despite his anti-Wall Street rhetoric, the billionnaire is close to America's financial hub. EurActiv's partner La Tribune reports.
News
Euro & Finance 15-11-2016

Athens hopes Obama’s visit will pressure Germany over debt

The outgoing US President said he would press for “meaningful debt relief” in order to help Greece return to growth.
News
Euro & Finance 14-11-2016

Beneficiaries question Juncker Plan's added value, report shows

The added value of the investment plan for Europe was questioned once again on Monday (14 November) as an independent report warned that “concerns” remain about its additionality and “possible crowding out” of existing investment.
Opinion
Public Affairs 14-11-2016

Lessons from the Barroso affair: How to reform Commission ethics

After months of procrastinating, Jean-Claude Juncker has now suggested extending the cooling off period for former Commission presidents. Unfortunately, the proposal is too weak to prevent scandals like ‘Barrosogate’ from happening again.
Interview
Social Europe & Jobs 14-11-2016

Academic: 'Clear evidence that cohesion policy has a significant impact'

The EU’s cohesion policy, which aims at closing the development gap between rich and poor regions, has succeeded in boosting local growth although many people aren't aware of it, professor John Bachtler said in an interview with EurActiv Greece.
Interview
Development Policy 14-11-2016

Development NGO: Rich countries gaming tax avoidance blacklist

Europe is pushing new legislation to fight tax avoidance and tax evasion. But these initiatives are not always helpful for developing countries, which are struggling to improve their tax systems, Tove Ryding told EurActiv.com
Interview
Euro & Finance 10-11-2016

Moscovici: Trump’s US could be tax haven blacklisted

EXCLUSIVE / The EU’s tax haven blacklist is taking shape, as the European Commission uses the momentum generated by the LuxLeaks and Panama Papers scandals. Tax Commissioner Pierre Moscovici did not rule out including the United States on the list, in interview with EurActiv.com.

News
Euro & Finance 10-11-2016

World stocks rally on Trump's rise to the White House

Global stock markets rallied Wednesday (9 November) in response to Donald Trump's capture of the White House, recovering from the sharp downturn overnight in the initial aftermath of Hillary Clinton's shock defeat.
News
Euro & Finance 09-11-2016

Commission cuts growth forecast for both EU and eurozone in 2017

Europe’s economy will grow less than initially expected as domestic and global risks have intensified, mainly in the wake of the UK referendum and the increased opposition to globalisation.