National politicians have remained largely indifferent to a recent "analytical note" by the European Commission aimed at launching a debate over the future of the eurozone. EU leaders seem to be keeping their powder dry until the EU summit in June, when a second paper is expected. The EurActiv network reports.
The European Commission said yesterday (13 January) that public investment and structural reforms could win some leeway for countries breaking EU budget rules, reducing the likelihood of tough penalties on France or Italy.
Italian prime minister Matteo Renzi called on his ruling party Sunday (15 December) to unite behind measures he has pledged to breathe life into the eurozone's third-biggest economy after years in or near recession.
EU officials are considering fining France for failing to cut its budget deficit, although the eurozone's second biggest economy, a driving force in the creation of the shared currency, could yet be spared the unprecedented punishment.
The United States yesterday (12 November) stepped up calls on European policymakers to do more to avoid a "lost decade" of low growth, saying steps taken by the European Central Bank may not be sufficient on their own.
Jean-Claude Juncker signaled that his Commission will be very different from that of his predecessor, José Manuel Barroso. Not only did he personally meet the press following the weekly College meeting. Juncker announced that he would not leave any unfair criticism coming from EU capitals without a reply.
Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said yesterday (19 October).
Italy and the European Commission are on a collision course over Rome's 2015 budget plan, which Brussels says flouts EU recommendations but Rome says it has no intention of changing, ahead of today’s (15 October) deadline.
The European Commission is likely to reject France's 2015 budget draft at the end of October, and ask for a new one that would better reflect Paris's deficit reduction obligations under European Union rules, several eurozone officials said.
Italian Prime Minister Matteo Renzi's success in staring down opposition from within his party over labour reform has delivered a symbolic political success but its impact on hiring and firing rules appears limited.
MEP Sylvie Goulard, a spokesperson for the liberal ALDE group, asked for clarification from Commission President-elect Jean-Claude Juncker following a leaked document according to which the powers of French Commissioner for Economic and Financial Affairs Pierre Moscovici would be curtailed.
Germany and France will try to reconcile divergent visions of how to fix Europe's economy today (22 September) when Manuel Valls makes his first visit to Berlin as French prime minister and holds talks with Angela Merkel.
President François Hollande replaced his maverick leftist economy minister with a former Rothschild partner yesterday (26 August), in a reshuffle intended to reconcile his efforts to revive the stagnant French economy with deficit-cutting orthodoxy.
French President François Hollande asked his prime minister today (25 August) to form a new government, looking to impose his will on the cabinet after rebel leftist ministers called for an economic policy U-turn. A new cabinet is expected to be announced tomorrow.
France Stratégie, a government advisory body, has issued a report outlining the reforms it deems necessary to keep the European project alive and counter rising French Euroscepticism. EurActiv France reports .
Only 18% of the European Commission’s recommendations for economic reforms, aimed at paving the way to economic recovery, are actually implemented by the member states, according to a new study by the European Parliament.