Economic governance

Euro & Finance 17-02-2017

EU’s Dombrovskis: Trump brings ‘concern’ to international financial regulation

European Commission Vice-President Valdis Dombrovskis is wary of US moves to deregulate the banking sector, saying the main lesson from the 2008 financial crisis is that international finance needs international rules. But he was positive about Greece’s fiscal adjustment and called on Athens and its lenders to give a “final push” to break the stalemate on the country's bailout programme.

Euro & Finance 16-02-2017

Cost of deadly quakes hits €23bn as Italy asks for EU aid

A series of deadly earthquakes that struck central Italy over the past six months has cost the country more than €23 billion, the nation's Civil Protection Agency said Wednesday (15 February).

Euro & Finance 13-02-2017

European Economic Forecast: Sunny with a chance of uncertainty

EU economies are expected to grow throughout 2018. The upturn is the first time in almost a decade that member states have collectively experienced positive growth.

Euro & Finance 13-02-2017

Commission: Trump stimulus payment ‘gonna be huge’ but inconsequential

The European Commission predicted in its winter forecast €226 billion in additional spending as part of the fiscal stimulus promised by the new US government, but its economic impact will be “very low”.

Euro & Finance 13-02-2017

Piketty outlines eurozone assembly proposal to ‘democratise’ single currency

As Benoît Hamon’s advisor for European budgetary issues, Thomas Piketty hopes to construct a “democratic decision-making mechanism” within the eurozone, he told France Inter on Sunday (12 February). Euractiv’s partner Ouest-France reports.

Euro & Finance 13-02-2017

European recovery gains momentum despite ‘Trump effect’

The European Commission is expected to revise upwards its growth forecast for Europe on Monday (13 February), showing a marked improvement over its last outlook published hours after Donald Trump was elected US president.

Euro & Finance 09-02-2017

‘Grexit’ reemerges as IMF and eurozone continue Greek debt squabble

Greece should leave the eurozone and then be given debt relief, the head of Germany's pro-business Free Democrats (FDP) told German radio today (9 February), as a dispute between the eurozone, the IMF and Greece itself continues unabated.

Future EU 09-02-2017

Poland’s Kaczynski warns two-speed Europe leads to ‘breakdown’

The powerful head of Poland's ruling party yesterday (8 February) warned that any moves toward a two-speed European Union would lead to the bloc falling apart.

Euro & Finance 06-02-2017

The ‘Trump effect’ on Europe’s economy

Today (6 February) at a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, the president of the European Central Bank, was asked about the effects of Trump’s Muslim ban on Europe’s economy. Draghi called it "worrisome".

Euro & Finance 01-02-2017

Member states warn EU fiscal supervision ‘inadequate’

Rules to control national spending are “complex” and the current approach is “inadequate”, the chair of the EU Network of Independent Fiscal Institutions, José Luis Escrivá, said on Tuesday (31 January).

Elections 26-01-2017

French presidential hopeful says EU’s ‘3% public deficit dogma must end’

During a TV debate yesterday evening (25 January), both contenders for the Socialist ticket in the French Presidential election said they would loosen the country’s purse strings, with Benoît Hamon going a step further by promising to end the EU's “3% deficit dogma”. EurActiv France reports.

Euro & Finance 25-01-2017

Cracks appear in ECB united front as top banker goes off message

The European Central Bank (ECB) could soon start planning an exit from its unprecedented stimulus programme, one of its executive board members said yesterday (24 January), in a rare public discussion about ending its asset buying scheme.

Juncker reiterates support for ‘minimum salary’ in each EU nation

The European Commission wants all EU member states to introduce minimum wages for their workers and unemployed, the President of the EU executive said on Monday (23 January), in an effort to combat growing social inequality and poverty.

Trade & Society 20-01-2017

Moscovici: ‘Trump will bring more nationalism and protectionism’

Commissioner for Economic Affairs Pierre Moscovici agrees with the 'wait  and see' approach toward new US President Donald Trump mostly shared by the global elite in the in Davos. But he sees more nationalism and protectionism coming from the White House.

Euro & Finance 20-01-2017

ECB unconvinced by inflation increase, monetary policy unchanged

European Central Bank (ECB) President Mario Draghi yesterday (19 January) announced the institution’s monetary policy would remain unchanged and asked for more patience as the economic recovery continues. EurActiv Spain reports.

Euro & Finance 13-01-2017

ECB takes flak from Berlusconi and Schäuble

The European Central Bank faced a multi-pronged assault today (13 January) as former Italian Prime Minister Silvio Berluscon was revealed to have filed a case against the bank and Germany’s finance minister told it how to do its job.

Euro & Finance 04-01-2017

Spain’s banks recover but toxic assets remain

Hit by a severe crisis several years ago, Spain's banking sector has recovered, but at a cost, as thousands are laid off and it struggles to get rid of toxic assets.

Euro & Finance 03-01-2017

Sale of small Italian banks to UBI ‘delayed’ at Commission’s request

The sale of three small Italian banks, rescued in 2015, to bigger rival UBI has been delayed by at least a week at the request of the European Commission, three sources close to the matter have told Reuters.

Euro & Finance 23-12-2016

Three trends that will continue hurting the eurozone in 2017

2016 did not fall short on anxiety over the eurozone’s fragile economic recovery. From feeble growth to fierce backlash, to full-blown uncertainty, here are three trends that look all but certain to spill over into 2017, writes Ilaria Maselli.

Future EU 23-12-2016

Survey: EU citizens want more social equality, but not more Europe

Social equality is seen as the most important priority today and an essential building block for the future of Europe, although Europeans oppose creating an EU economic government, according to an EU-wide opinion poll.

Euro & Finance 19-12-2016

Ireland set out arguments against EU in Apple tax ruling

Ireland set out its arguments on Monday (19 December) against a European Commission ruling that tech firm Apple should pay billions in back-taxes to Dublin, claiming the EU executive arm has interfered in state sovereignty.

Jens Weidmann
Euro & Finance 16-12-2016

Bundesbank chief: Don’t politicise monetary policy

The European Central Bank must stick to its price stability mandate and not be swayed by politics, Germany's top central banker said Friday (16 December), warning against extending loose monetary policy for too long.

Euro & Finance 16-12-2016

Germany blocks small progress on banking union at EU summit

Germany prevented a new attempt to break the deadlock on a European Union plan to boost financial stability in the banking sector by watering down a joint statement of an EU leaders' summit, the bloc's officials said yesterday (15 December).

Euro & Finance 14-12-2016

EU leaders to turn a blind eye to Commission’s fiscal stimulus call

The European Council is expected to ignore the Commission’s call for €50 billion in eurozone stimulus, seen by the Commissioners as an “ambitious” step toward a budgetary union.