The European Central Bank (ECB) is to stick with its policy of record-low interest rates and bond purchasing scheme, as head of the bank Mario Draghi continues to try and reach the bank's inflation targets. EurActiv Germany reports.
European Central Bank chief Mario Draghi is likely to prep markets for an extension of a huge monetary stimulus programme later today (20 October) after investors were rattled by talk that massive bond purchases may be drying up.
EU institutions were roundly criticised over their handling of the recent economic crisis, so the European Commission’s decision to stop dithering and appoint a panel of experts to scrutinise budgetary performance is both timely and welcome, writes Michal Horvath.
Barack Obama praised Matteo Renzi in a newspaper interview yesterday (18 October), endorsing the under-fire Italian Prime Minister's reform agenda ahead of his state visit to Washington and a referendum that will define his political legacy.
The Greek government stressed that it will not sacrifice workers’ rights, even if offered a reduction in public debt, when Athens and its international creditors meet for sensitive talks on labour reform next week. EurActiv Spain reports.
International Monetary Fund officials sought to play down the risk of an imminent crisis over Deutsche Bank yesterday (5 October) and expressed confidence that German and European authorities were working to ensure stability.
The European Commission plans to improve the geographical reach of its flagship investment scheme popularly known as “the Juncker plan”, after the first year of its operation showed that mainly the richest 15 countries of the 28-nation bloc benefited from it.
A broad majority of MEPs spoke against freezing EU funds for Spain and Portugal at a European Parliament session late on Monday (3 October), saying such a decision would be “immoral”, “unfair”, “counterproductive” and even “illegal”.
Greek lawmakers yesterday (27 September) passed reforms sought by the country's creditors to cut pension spending and expedite privatisations in exchange for financial aid under the country's latest international bailout.
The World Bank published a report today (27 September) revealing that the economies of the six Western Balkans countries have performed rather well despite Brexit, the slow recovery in the EU and enlargement fatigue.
The EU and US administrations have to work, with others, to find an equitable, effective and mutually acceptable solution for taxing the corporate profits of multinational companies, writes Philippe de Schoutheete.
The ECB issued a strong warning to the EU institutions on Friday (9 September) about the “long-term consequences” of poor implementation of the fiscal rules, in the aftermath of the partial pardons given to Spain and Portugal, after they missed their deficit targets.
Ireland's parliament battled through an ill-tempered debate on Wednesday to vote in favour of appealing a European Commission ruling ordering the country to collect billions of euros in unpaid taxes from tech giant Apple.
The European Commission today (30 August) hit Apple with a €13 billion clawback of unpaid taxes in Ireland, but Dublin branded the move a violation of its sovereignty and both the country and the US tech giant immediately said they would appeal the decision.