Financial regulation

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.

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.

Economy & Jobs 14-03-2017

Parliament backs shareholders’ say on directors’ pay

The European Parliament backed an agreement on Tuesday (14 March) reached with member states to allow shareholders a say on directors’ remuneration schemes.

Economy & Jobs 14-03-2017

Tax campaigner: No one noticed LuxLeaks in Central and Eastern Europe

The LuxLeaks and Panama Papers scandals got hardly any attention in Central and Eastern European countries, Ondřej Kopečný told EURACTIV.com. The tax campaigner called on Brussels to push for greater awareness of the dangers of tax evasion in the region.

‘Open the ECB’s Black Box’ say Varoufakis and De Masi
Economic governance 09-03-2017

‘Open the ECB’s Black Box’ say Varoufakis and De Masi

The Greek economy is still in crisis, contracting 1.2% in the quarter. The figures, published by the Greek statistics agency, Elstat, show it was the worst quarter since the summer of 2015, when the European Central Bank closed the Greek banks.

Economic governance 08-03-2017

Berlin continues quest for ‘European Monetary Fund’

The German government still wants to set up a European monetary fund but the European Commission does not want to surrender any responsibility for assessing eurozone finances. EURACTIV’s partner Der Tagesspiegel reports.

Economy & Jobs 06-03-2017

Deutsche Bank sets sights on €8bn in capital hike

German banking powerhouse Deutsche Bank wants to beef up its capital reserves by selling off millions of new shares, as well as overhauling its business structure, in the wake of massive losses and international sanctions. EURACTIV’s partner Milano Finanza reports.

Economy & Jobs 02-03-2017

French senator: ‘All the ingredients of a new financial crash are in place’

Ten years after the sub-prime mortgage crisis threatened to destroy the global financial system, conditions in France are ripe for another financial crash, according to a recent senate report. EURACTIV’s partner La Tribune reports.

Economy & Jobs 28-02-2017

As Brexit talks loom, EU dodges early clash with City of London

The European Union will not pick an immediate fight with the City of London over its right to clear euro-denominated securities, EU officials said on Monday (27 February) , as Britain prepares to trigger the process of quitting the bloc.

Competition 27-02-2017

EU set to block stock market mega merger

London Stock Exchange (LSE) said its proposed merger with Deutsche Börse AG was unlikely to be approved by the European Commission, leaving the stock market operators' third attempt at combining on the brink of failure.

Banking union 23-02-2017

HSBC prepares for Brexit, ECB bond programme pays off

British multinational bank HSBC could transfer 1,000 of its employees from London to Paris within the next two years. Meanwhile, the European Central Bank’s bond-buying programmes continue to impress. EURACTIV’s partner Milano Finanza reports.

Economy & Jobs 23-02-2017

The bailout business: Who profits from bank rescues in the EU?

According to a new report by Amsterdam's Transnational Institute, bailing out banks is a lucrative business in the EU.

Economy & Jobs 23-02-2017

The bailout business in the EU

Since the 2008 financial crisis broke out, more than €1.5 trillion in taxpayer money has been used to rescue ailing banks in Europe, according to the European Commission. Citizens shouldn’t grow accustomed to this, writes Sol Trumbo Vila.

Euro & Finance 15-02-2017

Dombrovskis warns US on bank deregulation move

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).

Euro & Finance 13-02-2017

European Economic Forecast: Sunny with a chance of uncertainty

EU economies are expected to grow throughout 2018. The upturn is the first time in almost a decade that member states have collectively experienced positive growth.

Economic governance 06-02-2017

The ‘Trump effect’ on Europe’s economy

Today (6 February) at a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, the president of the European Central Bank, was asked about the effects of Trump’s Muslim ban on Europe’s economy. Draghi called it "worrisome".

UK & Europe 19-01-2017

Gibraltar is ‘one EU entity’ with UK, ECJ says in Brexit gambling blow

Britain and Gibraltar count as one EU state in terms of a key aspect of the single market, a senior EU lawyer said Thursday, in an opinion that could effect the territory's life after Brexit.

Euro & Finance 04-01-2017

Spain’s banks recover but toxic assets remain

Hit by a severe crisis several years ago, Spain's banking sector has recovered, but at a cost, as thousands are laid off and it struggles to get rid of toxic assets.

Euro & Finance 03-01-2017

Sale of small Italian banks to UBI ‘delayed’ at Commission’s request

The sale of three small Italian banks, rescued in 2015, to bigger rival UBI has been delayed by at least a week at the request of the European Commission, three sources close to the matter have told Reuters.

Jens Weidmann
Euro & Finance 16-12-2016

Bundesbank chief: Don’t politicise monetary policy

The European Central Bank must stick to its price stability mandate and not be swayed by politics, Germany's top central banker said Friday (16 December), warning against extending loose monetary policy for too long.

Euro & Finance 09-12-2016

Unhappy birthday: EU low-key on Maastricht’s 25th anniversary

A quarter of a century after the summit in the Dutch town of Maastricht that gave birth to the euro, the EU will mark the anniversary today (9 December) with little fanfare as it battles a wave of crises.

Euro & Finance 07-12-2016

Luxembourg ‘made 172 secret tax deals’ with companies in year after LuxLeaks

Luxembourg struck 172 secret tax deals in the year after the LuxLeaks scandal first exposed the prevalence of agreements made between the government and multinational corporations, new research published today (7 December) has revealed.

Trade & Society 06-12-2016

Apple, Ireland lines of defence diverge in state aid case

In its challenge of the European Commission's €13bn recovery decision, Ireland does not agree with Apple’s position that almost the entirety of its profits are generated by R&D, and should therefore be taxed in the US, PaRR has learned.

Euro & Finance 29-11-2016

Moscovici says EU and Greece ‘very close’ to opening vital debt talks

Greece and its European creditors are "very close" to an agreement that would open the way to vital debt talks, EU economy commissioner Pierre Moscovici said on Monday (28 November).