Euro & Finance

Economy & Jobs 26-07-2017

Greek minister: With progressive federalism EU will regain citizens’ trust

In order for Europe to address the current governance issue and convince citizens that it works in their interest it should turn to a left-wing progressive federalism model, Nikos Pappas told EURACTIV.com in an interview.

Economic governance 25-07-2017

Greece prepares for end of bailout era with comeback bond

Greece sold debt to private investors for the first time in three years on Tuesday, a significant step towards gaining financial independence and exiting its third international bailout next year.

Time for Europe’s financial community to join the climate fight

Although many lessons have been learnt since the global crisis, the financial system is still not fit for purpose, in one crucial respect, warns Arlene McCarthy.

Economy & Jobs 24-07-2017

Greece breaks three-year isolation and returns to debt markets

After three years of “exile”, Greece will return on Monday (24 July) to the international debt markets, testing the waters to see if it can begin to wean itself off bailout loans after tough reforms.

Economy & Jobs 20-07-2017

ECB keeps easy money pledge despite better growth

The European Central Bank left its ultra easy monetary policy stance unchanged as expected on Thursday (20 July), keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.

Winds of change: EU embarks on sustainable finance mission

Disturbing developments on the international political scene have only increased the resolve of the European Union to lead in taking action against the impact of climate change. Flavia Micilotta explains why financing is a key component.

Juncker Plan falls short of offering green projects, expert group says

The high-level group on sustainable finance proposed on Tuesday (18 July) a new platform to match capital and green projects, as the Juncker Plan did not develop the 'big pipeline' that was expected to unlock the money resting in the pockets of big investors.

Central Europe 18-07-2017

Romanian government backtracks from plan to tax companies’ turnover

Romanian Prime Minister Mihai Tudose said yesterday (17 July) his leftist-led government had scrapped a plan to tax companies' turnover.

Economy & Jobs 18-07-2017

Germany made more than €1bn out of Greek crisis

Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis. EURACTIV’s partner La Tribune reports.

Economic governance 17-07-2017

European fiscal board chief: ‘Stop talking about recovery, we are approaching normality’

Arguably, the EU’s economic governance framework is one of the most divisive issues among member states and top priority in Europe’s to-do list of outstanding reforms. Niels Thygesen does not shy away from this challenge. After questioning European Commission fiscal stance for this year recommendation, he proposed a return to a more ‘prudent’ orientation for 2018. In October, he will address one of the hottest topics: whether the application of the Stability and Growth Pact (SGP) unfairly favoured countries like France.

Economy & Jobs 13-07-2017

Macron: Germany is competitive thanks to eurozone weaknesses

Ahead of Thursday’s (13 July) Franco-German Ministerial Council, Friday’s Bastille Day celebrations and Donald Trump’s visit to Paris, President Emmanuel Macron spoke to EURACTIV’s partner Ouest-France about Europe's future, and France’s relations with the US.

Reshaping the financial system as a tool for good

The European Commission's High Level Expert Group on Sustainable Finance delivered its interim report today (13 July). Ingrid Holmes, one of the members of the group, explains how the financial system can help address long-term challenges such as climate change.

Development Policy 13-07-2017

NGOs denounce cuts, tweaks to 2018 EU budget for development aid

EU member countries decided yesterday (12 July) to cut the proposed EU budget for 2018 by €1.2 billion. The European Parliament deplored this “mechanical” cut, while NGO’s denounced the decrease of development aid and its re-directing to combat immigration.

Economy & Jobs 13-07-2017

Macron urges greater eurozone convergence, presses Germany to act

The European Union remains an incomplete project and will require changes to its treaties that bring greater convergence between eurozone member states, French President Emmanuel Macron said in comments published on Thursday (13 July).

Economy & Jobs 12-07-2017

Commission says it’s time to end Greece’s excessive deficit procedure

The European Commission decided on Wednesday (12 July) to recommend that the EU Council close the excessive deficit procedure for Greece.

Development Policy 11-07-2017

French backtracking on FTT undermines development commitments

France’s development aid objectives appear to be compromised by a reduction in the base of the Financial Transaction Tax (FTT), which funds more than 20% of the country’s international solidarity effort. EURACTIV France reports.

Banking union 11-07-2017

Europe to improve disclosure of ‘bad loans’ for all banks

European authorities will prepare by the end of next year enhanced disclosure requirements on bad loans to all banks as part of an action plan to tackle the risk of non-performing loans (NPL).

Economy & Jobs 11-07-2017

Katainen suggests dropping investment from trade deals

The European Union could drop investment from major free trade deals in an effort to ease ratification, Commission Vice President Jyrki Katainen said on Monday (10 July) as Brussels is set to begin talks on the issue with Japan.

Economy & Jobs 11-07-2017

How consumers and government can combat the shadow economy

Perhaps the clue is in its name but the shadow economy’s drain on economic growth and public finances can be difficult to recognise. And, unfortunately, consumers can often unwittingly contribute to its growth, writes George Simon.

Economy & Jobs 10-07-2017

‘Finance friendly’ France scores late points in Brexit bank contest

A government push to make France more "finance-friendly" is raising Paris' chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said.

Economy & Jobs 05-07-2017

The Netherlands: Europe’s under-the-radar tax haven

Dutch NGO Somo has been blowing the whistle on the Netherlands’ tax practices since 1973. So far, to little effect. The founding member of the European Union was still the world’s third-ranked tax haven in 2016. EURACTIV’s partner Ouest-France reports.

Future EU 05-07-2017

Commission must involve the people in next EU budget debate

French President Emmanuel Macron is right to propose public debates on the Future of Europe. But the EU budget is where change will first manifest itself, writes David Holyoake.

Elections 05-07-2017

PM says time to end France’s addiction to spending

Prime Minister Édouard Philippe said on Tuesday (4 July) it was time to end France's addiction to easy public spending, promising to cut expenditures over the next five years and rein in debts he said were at an unacceptable level.

Economy & Jobs 04-07-2017

Regulating finance: What future for Europe after the US elections?

Efforts to strengthen risk management in the banking and insurance sector were stepped up in the wake of the 2008 financial crash.