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).
The ‘No’ vote in the Swiss referendum on tax reform was a big defeat for the government. Pressure from trading partners and big businesses will force Bern to come up with a new proposal, and fast. Euractiv’s partner La Tribune reports.
The right-wing European People’s Party attempted to "sabotage" a debate today (14 February) on the Greek bailout in the European Parliament in the absence of Eurogroup president Jeroen Dijsselbloem, who cited a “heavy workload”, Syriza MEP Dimitris Papadimoulis claimed.
The European Commission predicted in its winter forecast €226 billion in additional spending as part of the fiscal stimulus promised by the new US government, but its economic impact will be “very low”.
Swiss voters clearly rejected plans to overhaul the corporate tax system yesterday (12 February), sending the government back to the drawing board as it tries to abolish ultra-low tax rates for thousands of multinational companies without triggering a mass exodus.
The European Commission is expected to revise upwards its growth forecast for Europe on Monday (13 February), showing a marked improvement over its last outlook published hours after Donald Trump was elected US president.
Eurozone and IMF officials met with Greek Finance Minister Euclid Tsakalotos this afternoon (10 February) to overcome the stalemate in the bailout programme after the lenders agreed to request an additional €3.6 billion in cuts by 2018.
Spain's prime minister has told President Donald Trump that he would be the ideal point of contact for the United States in Europe and Latin America, as well as providing a bridge between the US and North Africa, as well as the Middle East. Euractiv Spain reports.
Greece should leave the eurozone and then be given debt relief, the head of Germany's pro-business Free Democrats (FDP) told German radio today (9 February), as a dispute between the eurozone, the IMF and Greece itself continues unabated.