Tag: Ecofin

British Chancellor George Osborne is set for a showdown or climb-down with his EU counterparts today (15 May) as finance ministers meeting in Brussels seek to push through capital requirements proposals against opposition from the UK and Bulgaria.

EU finance ministers meeting in Brussels yesterday (13 March) asked the Danish presidency to consider compromise alternatives to the financial transaction tax (FTT) after a number of countries voiced concerns about the proposal.

European finance ministers are set for a spat today over the extent to which the financial transactions tax (FTT) – strongly backed by France and Germany – should be pushed on the EU agenda.

The European Central Bank (ECB) could intervene directly in sovereign debt markets if heads of state meeting at a summit next week reach agreement on a treaty change, Polish Finance Minister Jan Vincent-Rostowksi said yesterday (30 November) in Brussels.

European finance ministers have reiterated a commitment to providing international climate finance, but are keeping their money cards close to the chest in the run up to the United Nation's climate change conference in Durban later this year.

How Europe's banks will raise more capital and how their governments will help plug large holes in banks' books will be the main focus of ministerial talks in Brussels this week.

EU finance ministers gave Slovakia the green light on 8 July to adopt the euro on 1 January 2009, setting the conversion rate for the Slovak koruna to the euro at 30.126 SKK amid a scandal regarding suspected trading of privileged information on central parity movements, EurActiv.sk reports.