Faced with a series of unprecedented difficulties, the EU has little choice but to move forward swiftly to the next stage of integration. The way to do that is through treaty change, argues Anfrew Duff in his latest pamphlet 'The Frankfurt Protocol'.
Eurozone countries should share more economic risks, beyond what is implied by their banking union, to make the monetary union work better, the European Commission said in a quarterly report on the single currency area.
EXCLUSIVE / Margrethe Vestager, the EU’s powerful competition commissioner, believes “everyone should thank the whistleblowers and investigative journalists” who uncovered the so-called ‘Luxleaks’ scandal and says she is “personally in favour” of country-by-country reporting on corporate taxation.
German chancellor Angela Merkel reluctantly accepted on Friday (18 December) giving a green light to start discussions on the European deposit insurance scheme, the remaining part of the banking union.
Bank deposits within the EU up to 100,000 euros, no matter which bank or country they are in, should be guaranteed by 2024 by a European fund, the European Commission proposed on Tuesday (24 November).
The piecemeal approach orchestrated by Jean-Claude Juncker and Mario Draghi to address the root causes of the euro zone debt crisis and complete the Economic and Monetary Union (EMU) has not yielded any positive results so far, EurActiv.com has learned.
The eurozone's rulebook and its anti-crisis mechanisms have been bolstered since the sovereign debt crisis hit Europe at the end of 2009. But serious risks still loom large, as growth potential remains low and the bloc's governance framework is “not fit for purpose”, Benoît Cœuré said after a meeting of EU finance ministers this weekend (12 September).
A new report by the Danish Ministry for Justice presented on Thursday (30 April) concludes that Denmark won't be giving up sovereignty by joining the EU's banking union. This means the country can proceed without having to first hold a referendum.
Deep divisions between political groups in the European Parliament are set to sink reforms aimed at preventing banks from being “too big to fail”, a key political objective following the 2008 financial crisis.
The European Commission Tuesday (21 October) issued rules for calculating the contributions of banks to national resolution funds and a proposal for banks contributing to the banking union’s Single Resolution Fund that would see largest banks hardest hit.
The European Commission opened an infringement procedure against Bulgaria on Thursday (25 September) following the decision of two failed banks to deny clients access to deposits of up to €100,000, which are guaranteed under EU law.
The European Union must shift more of the cost of a new rescue fund for banks onto the region's biggest lenders, lawmakers told the outgoing commissioner for Internal Market and Services Michel Barnier yesterday (22 September).
After years of resistance to plans for a European banking union, Germany has switched gear and has now decided to implement the EU rules one year in advance of schedule, sending alarm bells ringing among the country’s top banks and the Monopolies Commission. EurActiv Germany reports.
Paris has long backed the idea of an across-the-board harmonisation of EU member states' tax systems. According to French government advisors, this must begin by a common tax base for the European banking sector, EurActiv France reports .
The euro zone's bailout fund, the European Stability Mechanism, could directly invest in a troubled bank next year, after 8% of the bank's total liabilities are written off, the chairman of eurozone finance ministers said on Monday (5 May).
Europe’s financial markets are still feeling the effects of the crisis despite progress towards greater stability, according to two reports published Monday (28 April) by the European Central Bank and European Commission.
The French Commissioner for Internal Market and Services, Michel Barnier, published a book titled Se reposer ou être libre (to rest or to be free) on 17 April. He spoke with EurActiv about reforming the European banking system.