Euro & Finance

Development Policy 17-11-2017

EIB president: Europe needs a paradigm shift in development policy

The Juncker Plan has been a "miraculous instrument", and Europe now needs the same paradigm change in development policy. That means moving from social policy to economic development, and from grants to loans. The EU will play a huge role in that shift, Werner Hoyer told EURACTIV.com in an interview.

Health 17-11-2017

Electric motorsport to ditch no-deal Brexit UK

The London-based Formula-E electric car racing series will leave Britain if Brexit goes ahead without a deal on tax and employment, the outfit’s chief executive said on Wednesday (15 November).

Economy & Jobs 16-11-2017

European Fiscal Board calls for simple but tougher rules

The European Fiscal Board, the EU's finance watchdog, wants clearer rules and real sanctions to punish profligate member states and limit the European Commission’s discretion to interpret the Stability and Growth Pact.

Brexit 15-11-2017

Frankfurt, Paris ‘to get most Goldman Brexit jobs’

Frankfurt and Paris are expected to gain the most jobs from Goldman Sachs as it transfers staff out of London due to Brexit, a person familiar with the matter said Tuesday.

Brexit 14-11-2017

Does return of EU growth weaken case for Brexit?

One of the more powerful arguments advanced in Britain by Eurosceptics – from hardline Brexit ideologues to polite rationalists who disliked many aspects of European integration - was that the European Union had a dreadful economic tale to tell this century, writes Denis MacShane.

Economy & Jobs 14-11-2017

Paradise Papers is an ‘opportunity’ for EU to tackle multinational tax evasion, says Greek MEP

The Paradise Papers has presented the EU with a golden opportunity to crack down on tax evasion by multinationals and the art of investing profits from cheap labour in tax havens practised by emerging economies, insists European Parliament Vice-President Dimitris Papadimoulis.

Economy & Jobs 14-11-2017

Champion of ‘helicopter money’ questions universal basic income

As chair of Britain's Financial Services Authority, Adair Turner saw the collapse of the financial system from the very top. In the aftermath of the crisis, he became one of the main advocates of helicopter money - but today he doubts if universal basic income is the best way to address growing inequality.

Economy & Jobs 13-11-2017

France not impressed by Luxembourg’s bid to lead Eurogroup

Paris prefers the candidacy of Slovakia against that of Luxembourg, whose tax evasion record casts a shadow on its bid to lead the Eurogroup. EURACTIV France reports.

Economy & Jobs 10-11-2017

After Paradise Papers, it is high time for the EU to act

The Paradise Papers showed once again that anonymous companies are being used as a ‘getaway vehicle’ for criminality, writes Nienke Palstra.

Economy & Jobs 09-11-2017

European economy beats expectations as risks decline

The European economy is enjoying a period of positive momentum as growth spreads across all member states, public accounts are expected to look healthier and risks are balanced for the first time in a long while, the European Commission concluded on Thursday (9 November).

Economy & Jobs 09-11-2017

Mr Altmaier goes to Europe

At the start of this week, Eurogroup and ECOFIN met in Brussels. Interim Finance Minister Peter Altmaier attended the meetings on behalf of Germany for the first time. The talks focused on the banking union, fiscal policy and the Paradise Papers. EURACTIV Germany has an overview.

Economy & Jobs 08-11-2017

EU tax havens blacklist seen in December, but enforcement unclear

European Union finance ministers called on Tuesday (7 November) for a blacklist of tax havens to be drawn up for approval next month as part of kick back against what it sees as tax dodging by the rich and famous.

Economic governance 07-11-2017

EU finance chiefs thrash out post-Brexit future

European Union finance ministers wrangled yesterday (6 November) over differences in plans to reform the euro common currency in the wake of last year's shock Brexit vote.

EU denounces ‘shocking’ Paradise Papers revelations

The European Union on Monday (6 November) denounced the "shocking" revelations on the way top companies and dignitaries, including Britain's Queen Elizabeth II, avoid taxes using offshore wealth hubs.

Economy & Jobs 06-11-2017

‘Paradise Papers’ embarrass US trade chief, Queen Elizabeth, and counting

The International Consortium of Investigative Journalists on Sunday (5 November) released The Paradise Papers, a global investigation that reveals the offshore activities of some of the world’s most powerful people and companies.

Future EU 06-11-2017

Britain frozen out as EU finance chiefs plot future

European Union finance ministers meet without Britain in Brussels on Monday (6 November) to try to iron out their differences on plans to reform the euro in the wake of the shock Brexit vote.

Sustainable finance requires a change in incentives

Hurricane Harvey’s trail of carnage through Houston, the oil capital of the US, was a stark reminder of the effect that climate change can have on our economy, writes Peter Blom.

Brexit 31-10-2017

Goldman CEO has high hopes for London HQ post-Brexit, despite uncertainty

Goldman Sachs chief executive Lloyd Blankfein expects to fill the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union left much outside the bank's control.

Economy & Jobs 30-10-2017

PM says Croatia wants to adopt euro within 7-8 years

The European Union's latest member Croatia aims to adopt the euro within the next seven to eight years, Prime Minister Andrej Plenković said on Monday (30 October).

Economy & Jobs 30-10-2017

EMU: Focus on market discipline, financial stability, not on fiscal smoothing

The mood in Europe has changed. Attention has shifted from crisis management to how to make the European Union and in particular the eurozone function better in the longer term, writes Juha  Sipilä.

Economy & Jobs 30-10-2017

Business chief: Greece is politically stable and now needs productive investment

Greece is politically and economically stable and now it’s the time for productive investment that will create jobs and increase the country’s GDP, Greek business leader Konstantinos Michalos told EURACTIV.com in an interview.

Economy & Jobs 30-10-2017

Eurozone needs to push on with banking, bailout reforms – Slovak finance minister

Slovak Finance Minister Peter Kazimir said on Saturday (28 October) the eurozone should speed up completion of a banking union and revamping a bailout fund as the window for reform is closing.

Politics 30-10-2017

Tomáš Zdechovský: The EU begins in the stomach of a Czech citizen

The Czechs do not know anything about the EU’s global strategies or the interconnection of energy networks. But they know very well that they can buy cheaper and better food in Germany, says MEP Tomáš Zdechovský (EPP).

Future EU 27-10-2017

Oettinger wants ‘pact’ between net payers and net recipients

European Commissioner for the Budget Günther Oettinger arrives in Sofia on Friday (27 October), as part of a tour opening the debate on future EU finances.