Euro & Finance

Economy & Jobs 29-03-2017

Greece agrees with lenders to sell some power plants

Greece has agreed that its main power utility, Public Power Corp (PPC), will sell some coal-fired plants as part of bailout reforms, two sources close to the talks said today (29 March).

Elections 29-03-2017

Fillon, Macron and Le Pen attempt to win over business leaders

France’s leading presidential candidates yesterday (28 March) aimed to rally business leaders behind their programmes for social reform, increased competitiveness, education and globalisation. EURACTIV’s partner La Tribune reports.

Competition 29-03-2017

EU regulators scupper stock market merger on Brexit day

EU antitrust regulators vetoed a proposed €29 billion merger of Deutsche Börse and the London Stock Exchange on Wednesday (29 March), just as the UK triggered divorce talks with the EU.

Economy & Jobs 28-03-2017

Milan joins race for post-Brexit financial spoils

Brexit is set to cost the City of London a slice of its lucrative financial services sector and now Milan has joined the race to become the EU's new finance capital. EURACTIV’s partner Milano Finanza reports.

Economic governance 28-03-2017

ECB needs greater democratic oversight, TI says

The European Central Bank needs greater oversight and more accountability, as it has strayed into the realm of political decision-making but without the necessary scrutiny, global watchdog Transparency International said in a report on Tuesday(28 March).

Economy & Jobs 24-03-2017

Panama is ‘not a tax haven’, says vice-president

Panama's vice-president yesterday (23 March) insisted her country is "not a tax haven" and claimed efforts to prevent scandals like the Panama Papers affair "go beyond just words". EURACTIV Spain reports.

Economy & Jobs 24-03-2017

Greek SME lending platform delays worry Katainen

European Commission Vice-President for Jobs, Growth, Investments and Competitiveness Jyrki Katainen expressed concern about delays in setting up a Greek platform to provide funding for SMEs. EURACTIV Greece reports.

Economy & Jobs 24-03-2017

Greece still stuck in bailout due to lack of political consensus

In contrast with Cyprus, a lack of political will among Greece's political parties and appetite for cooperation has kept the country locked in a painful bailout programme, experts have warned. EURACTIV Greece reports.

Elections 24-03-2017

Italy’s Five Star keeps options open on euro referendum

The anti-establishment Five Star Movement, Italy's most popular political party, said yesterday (23 March) a referendum on the euro was not its top priority and that it hoped Europe would reform before a ballot could be arranged.

Economy & Jobs 23-03-2017

Oettinger: €60 billion Brexit bill ‘not totally wrong’

EXCLUSIVE / EU Budget Commissioner Günter Oettinger has told EURACTIV.com that the €60 billion bill floated as the price of Brexit is "not totally wrong", just days before Britain triggers Article 50, the legal process to leave the bloc.

Economic governance 23-03-2017

Indignation grows over Eurogroup chief’s ‘drinks and women’ remarks

Eurogroup chief Jeroen Dijsselbloem on Wednesday (22 March) expressed "regret" over his comments that southern European countries blew their money on "drinks and women" but rejected calls to resign, despite a growing chorus of indignation.

Economic governance 23-03-2017

Italy to stretch EU rules again with new bank bailout

Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.

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Tim Jackson Prosperity without growth
Economy & Jobs 22-03-2017

Tim Jackson on prosperity without growth

The publication of Prosperity Without Growth in 2009 was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly-prized goal of politicians and economists alike.

Economy & Jobs 22-03-2017

Romania runs out of money to co-finance EU projects

Romania’s regional development minister has told the nation’s mayors that there is no more money left for co-financing European projects, since the limit has already been reached and the country tries to keep its deficit under 3%. EURACTIV Romania reports.

Elections 22-03-2017

Hamon’s European programme strikes a chord in Brussels

France’s Socialist presidential candidate made the pilgrimage to Brussels on Tuesday (21 March) to try and drum up support for his EU programme. But the Commission remains unconvinced by Benoît Hamon’s plans to democratise eurozone governance. EURACTIV France reports.

Economy & Jobs 22-03-2017

Belgium told to get off the fence, stop blocking FTT

EU finance ministers have presented a compromise text for the Financial Transaction Tax (FTT) and urged Slovakia and Belgium, which is accused of deliberately blocking negotiations, to ratify it. EURACTIV France reports.

Global Europe 22-03-2017

Prominent MEP provides insight into Rome Declaration

As the Rome Declaration is finalised, Portuguese Partido Socialista MEP Maria João Rodrigues (S&D) provided insight yesterday (21 March), about what ideally should be in it, in anticipation of its unveiling.

Elections 21-03-2017

Study: Frexit chaos would be ‘worse than collapse of Lehman Brothers’

The political disarray in France’s mainstream parties is encouraging debate about Frexit. The possibility is alarming economists, who fear it would cause a “cardiac arrest” in global finance and make life harder for the poor. EURACTIV France reports.

Economic governance 21-03-2017

Dijsselbloem to open debate on his future as Eurogroup chief

Acting Dutch Finance Minister Jeroen Dijsselbloem said yesterday (20 March) that he would have a discussion with his eurozone colleagues about his continuation as Eurogroup president, following the electoral debacle of his party in The Netherlands.

Opinion leaders identify seven pillars for ‘better’ EU action

CIVICO-Europa, an informal group set up by opinion leaders and later supported by politicians, presented today (20 March) a manifesto for the future of Europe, based on “doing much better together”, rather than the traditional way of “doing more”.

Future EU 20-03-2017

The EU budget: Unlocking a new vision for Europe

The key to unlocking a more inspiring and politically winnable New Vision for a strong Europe may well be the next European budget, writes David Holyoake.

Economy & Jobs 20-03-2017

Eurozone chief backs German calls for ‘a European IMF’

The European Stability Mechanism (ESM) – the eurozone's bailout fund – should ultimately be turned into a European version of the International Monetary Fund IMF, according to the head of eurozone finance ministers.

Economic governance 17-03-2017

Dutch vote throws Eurogroup leadership into doubt

Jeroen Dijsselbloem could well lose his role as chair of the EU body coordinating eurozone policy after his party was routed in the Dutch election. But there is a chance he could retain his position even if he is no longer finance minister in a new coalition.

Economy & Jobs 16-03-2017

Commission worried Romania will miss 2017 deficit target

The European Commission is still concerned that Romania will go from registering the highest growth in the EU to racking up the biggest budget deficit. But Bucharest insists there is no cause for concern. EURACTIV Romania reports.