The eurozone needs deeper integration to remove the risk of a member country leaving the single currency, Italian Economy Minister Pier Carlo Padoan told the Financial Times in an interview on Sunday (26 July).
Dutch Finance Minister Jeroen Dijsselbloem, re-elected on Monday (13 July) to a second term as Eurogroup chairman, has in two years risen from virtual obscurity to a respected and unflappable dealmaker who helped guide Europe through the worst hours of the Greek debt crisis.
Between the lines, the new ‘five presidents’ report’ on the future of EMU tells an interesting story about how eurozone leaders see their future together. Britain should take note, writes Renaud Thillaye.
The urgency of the Greek crisis and the sensitivity of the UK to issues of eurozone integration have complicated the last-minute negotiations over the “five presidents’ report” on eurozone governance. Initially promised for earlier this month, the report will now be presented in late June. EurActiv France reports .
EXCLUSIVE / A draft report by the heads of the EU's five main institutions calls for faster eurozone integration, but gives little away in terms of social policy, a key area for Southern Europe. EurActiv France reports.
Violent clashes between anti-austerity protesters and German police left dozens injured and a trail of destruction in Germany's financial capital as the European Central Bank opened its new headquarters Wednesday.
When the European Central Bank officially inaugurates its new headquarters in Frankfurt on Wednesday (18 March), as many as 10,000 people from around Europe are expected to show up to join an anti-austerity demonstration.
European finance ministers on Tuesday (10 March) approved a controversial two-year extension for France to get its deficit within the bloc's limits, despite accusations that bigger member states are treated more leniently than smaller ones.
The European Central Bank announced Monday (9 March) that it and the national central banks of the euro area have started buying bonds as part of the long-awaited 1.1 trillion euro quantitative easing programme to stimulate growth and ward off deflation across the single currency area .
The ECB’s Outright Monetary Transactions Programme (OMT) has offered welcome relief for many eurozone countries struggling with high debt levels. But the destruction of capital market discipline bears considerable risks, write Clemens Fuest and Friedrich Heinemann. To address this, the authors propose the introduction of a new form of junior government bonds, "accountability bonds".
Freeing up certain sectors and activities, encouraging investment and modifying some aspects of work legislation to increase employment, as proposed in the "Macron Law", provided for hot discussions in France, writes Anne Perrot.
Despite sanctions on Russia, German exporters achieved record sales in 2014, inspiring the German Federal Association of German Wholesale, Foreign Trade and Services (BGA) to predict another record-breaking result this year, amid "growing risks and trouble spots". EurActiv Germany reports .
The first meeting between Greece's iconoclastic new finance minister from the Marxist left and his 72-year-old conservative German nemesis was never going to be easy. It turned out even worse than expected.
France's budget deficit this year will be far above the EU limit and will not move in 2016 unless policies change, the European Commission forecast on Thursday (5 February), stepping up pressure on Paris to act before an evaluation later this month.
The European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding on Wednesday (4 February), shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal.
EXCLUSIVE: A planned bond-buying programme expected from the European Central Bank (ECB) today (22 January) would be unconstitutional, a leading MEP has told EurActiv in the firmest statement of German opposition to the move.