EurActiv.com

EU news and policy debates across languages

25/08/2016

Commission to punish Spain and Portugal, ‘pardon’ Italy, on deficits

Topic: economic governance


Euro & Finance 24-08-2016

Commission defends Greek debt data after statistics scandal

The European Commission has defended the reliability of Greek statistics on the country’s debt, and called on Athens to counter “misleading media reports” that the data was falsified.
Euro & Finance 24-08-2016

What political deadlock? Spain's economy forges ahead

For months, Spain been awash with warnings that the country's long-lasting political deadlock threatens to harm a fragile recovery, but the economy is forging ahead... for now, analysts say.
Future EU 23-08-2016

'Big Three' leaders insist EU not finished after Brexit

The leaders of Italy, France and Germany insisted Monday (22 August) that Britain's shock decision to quit the European Union would not kill the bloc. Merkel suggested she could be flexible over EU budget rules, as Rome grapples to kickstart its stalling economy.
Euro & Finance 19-08-2016

ECB stresses 'readiness to act' in face of Brexit headwinds

European Central Bank policymakers warned of "new headwinds" for the eurozone following Britain's vote to quit the EU, according to minutes of their July meeting released on Thursday (18 August).
Euro & Finance 19-08-2016

Frankfurt woos London banks after Brexit vote

A German politician said on Thursday (18 August) he was trying to persuade foreign banks to make Frankfurt their home after Britain's vote to leave the European Union, and outlined how Europe's biggest economy wants to bolster its financial capital at London's expense.
Euro & Finance 30-07-2016

No clean bill of health for EU banks in stress test

Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. Eight years since the collapse of Lehman Brothers sparked a global banking meltdown, many of Europe's …

Euro & Finance 28-07-2016

Commission split on credibility of rules as Spain and Portugal get ‘pardon’

A strong group of commissioners was in favour on Wednesday (27 July) of imposing at least a symbolic fine on Spain and Portugal for breaching the Stability and Growth Pact, but Jean-Claude Juncker opted for a zero penalty - supported by German Finance Minister Wolfgang Schauble.
Euro & Finance 27-07-2016

Italy and Spain test EU’s 'intelligent' use of economic rules

The European Commission is expected to fine Spain on Wednesday (26 July), but it will give two extra years to Madrid to adjust its budget - while the commissioners pledge a solution for Italian banks that will protect small investors.
Euro & Finance 25-07-2016

LuxLeaks highlights need for whistleblower protection and incentives

The time has come for EU member states to decide how they will treat whistleblowers. Erika Kelton asks, will they embrace and encourage them, or will they perpetuate a culture of fear?
Euro & Finance 21-07-2016

MEPs step in to ease sanctions over deficit rules

The European Parliament’s intervention “would benefit” Spain and Portugal, as they face the freezing of millions in EU funds for having breached fiscal rules, sources told EurActiv.com.
Euro & Finance 19-07-2016

German and French firms take biggest share of ECB credit splurge

The European Central Bank snapped up debt of blue-chip names such as BMW, Sanofi and BASF as Germany and France accounted for the lion's share of its first batch of corporate bond purchases.
Euro & Finance 19-07-2016

Commission’s private-sector ‘revolving door’ should work in public interest

Former Commission President Barroso’s job offer at Goldman Sachs has prompted outrage. But the real problem is the EU’s lack of transparency and democratic oversight. Interaction with the private sector through the so-called “revolving door” should be encouraged, write Katinka Brouwer, Penelope Bergkamp and Dr Lucas Bergkamp.
Euro & Finance 18-07-2016

Spain and Portugal pledge new measures to avoid EU deficit fines

Both Spain and Portugal have submitted their arguments to the European Commission in a bid to avoid penalties for breaching the fiscal rules, expected to be announced on 27 July.
Euro & Finance 13-07-2016

Panama Papers parliament committee keen to avoid LuxLeaks mistakes

The initial outrage provoked by the Panama Papers is over. Now that the dust has settled, a European Parliament committee will examine the case in detail. EurActiv Germany reports.
UK & Europe 06-07-2016

Germany warns of EU tax race after Osborne’s 15% plan

German Finance Minister Wolfgang Schäuble warned on Wednesday (6 July) of an EU-wide tax war, with states cutting their corporate tax rates, in the wake of Brexit and the UK’s announcement it will cut rates to 15%.
UK & Europe 06-07-2016

Sir Julian King: 'We now support the evolution of the eurozone, without trying to hold it back'

The man tipped to become Britain's next EU Commissioner in Brussels, replacing Johnathan Hill, spoke to EurActiv.fr in an exclusive interview before the UK's referendum on EU membership. This is a translated version of the interview, originally given in French.
Future EU 05-07-2016

Brexit exposed left-right faultline on future of Europe

The European Union reacted to the shock of Brexit with a show of unity, but deep divisions quickly resurfaced about the path ahead – whether to seek "more Europe" or less.
UK & Europe 30-06-2016

Hollande says post-Brexit City must relinquish euro business

Britain's City of London financial district would have to give up its role in processing euro currency transactions after it leaves the European Union, French President François Hollande warned on Wednesday (29 June).
Europe's East 14-06-2016

Deutsche Bank prepares for fine over suspicious Russia trades

Deutsche Bank has increased provisions for suspicious share trading in Russia, where it is investigating client activity that prompted the bank to partially pull back from the country, two people close to the matter said.
Euro & Finance 25-05-2016

Eurogroup’s Greece deal ‘beneficial’ for all sides

The deal reached at Tuesday’s Eurogroup meeting (24 May) “politically benefits all sides”, diplomatic sources close to the negotiation have told EurActiv.com.
Euro & Finance 24-05-2016

Moscovici wants to make EU deficit rules more flexible

Pierre Moscovici, has said he hopes that all the EU’s excessive deficit procedures will be over by 2017. A change in the European deficit rules may be on the horizon. EurActiv France reports.
Euro & Finance 24-05-2016

A new property bubble in France?

France’s High Council for Financial Stability has warned that the commercial property market may be a bubble about to burst. EurActiv’s partner La Tribune reports.
Euro & Finance 18-05-2016

Spanish elections delay potential budget deficit fines

The European Commission today (18 May) decided to delay potential fines against Madrid and Portugal for failing to meet their budget deficit targets, partly becuase of the upcoming Spanish elections on 26 June.
Euro & Finance 18-05-2016

Commission to punish Spain and Portugal, ‘pardon’ Italy, on deficits

Spain and Portugal will get only one extra year to fulfil EU fiscal rules on their defecits, once sanctions against both countries are adopted, while Italy will escape an infringement procedure, EurActiv.com has learned.