Pierre Moscovici and Jyrki Katainen painted a picture of a weakened European economy yesterday. Their economic forecast for France is significantly less optimistic than that provided by the French government: they expect France to be the EU's most indebted member state in 2016. EurActiv.fr reports.
The German Commissioner for Digital Economy and Society has angered France, and the Socialist Party, by publically calling for the Commission to take a firm stance against the country's "recurrent" budget deficit problems. EurActiv France reports.
French Finance Minister Michel Sapin has played down any risk that Paris might be fined for breaking EU budgetary rules, days before the European Commission rules on the government's failure to cut its budget deficit. EU officials, meanwhile, beg to differ.
Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday (20 November), withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed.
The European Commission will use the 'Luxleaks' documents uncovered by investigative journalists three weeks ago in its ongoing investigation of tax avoidance at the European level, Margrethe Vestager, the EU competition chief, said on Thursday (20 November).
As the European Investment Bank has not been an effective tool in a previous attempt to create a massive investment package, this time, a new instrument needs to be created, MEP Maria João Rodgrigues told EutrActiv in an exclusive interview.
The European Commission is due to present its 300 billion euro investment plan next week. This plan is expected to rely heavily on the European Investment Bank (EIB), which could be put in charge of a new investment fund. EurActiv France reports.
As European Commission President Jean-Claude Juncker prepares to unveil a €300 billion plan to boost investment in the Union, the liberal ALDE and the Socialists in Parliament tabled alternative proposals, stoking controversy amongst themselves.