EMU

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 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 10-02-2017

Lenders agree on more austerity for Greece to avoid default

Eurozone and IMF officials met with Greek Finance Minister Euclid Tsakalotos this afternoon (10 February) to overcome the stalemate in the bailout programme after the lenders agreed to request an additional €3.6 billion in cuts by 2018.

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 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).

Euro & Finance 27-01-2017

Commission confirms work on securitisation of EU sovereign bonds

European Commission Vice-President Valdis Dombrovskis said today (27 January) that the goal of setting up European Safe Assets is to reduce banks' exposure to sovereign debt.

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.

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 19-01-2017

Rutte and Schulz take the gloves off in front of Davos elite

Dutch Prime Minister Mark Rutte and former European Parliament President Martin Schulz clashed over the strategy to relaunch the Union, illustrating the deep division at Europe’s helm in front of the global audience of the World Economic Forum.

Euro & Finance 17-01-2017

Moscovici: Progress on deficit reduction must not be reversed

Pierre Moscovici spoke to EurActiv's partner Ouest-France about France's left-wing primary, the impact of Donald Trump's election, the 3% deficit rule, the Commission's March white paper and the importance of the euro.

Elections 04-01-2017

Europe finally takes centre stage in French election

In their eagerness to distance themselves from the National Front, the left-wing candidates for the French presidency are suddenly discovering their pro-European side. Some even want more sovereignty to go to Brussels. EurActiv France reports.

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.

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.

Euro & Finance 09-12-2016

European Fiscal Board chief: Commission’s analysis ‘made a bit too quickly’

The new European Fiscal Board began working just as the European Commission took the unprecedented step of proposing a fiscal target for the eurozone. The Board’s chief, Niels Thygesen told EurActiv.com that the Commission should have done “more analysis” before proposing an expansionist stance.

Euro & Finance 09-12-2016

Unhappy birthday: EU low-key on Maastricht’s 25th anniversary

A quarter of a century after the summit in the Dutch town of Maastricht that gave birth to the euro, the EU will mark the anniversary today (9 December) with little fanfare as it battles a wave of crises.

Euro & Finance 07-12-2016

Christmas spirit lacking in Greek bailout wrangles

Greece thanked creditors for modest debt relief on St Nicholas Day in Brussels but did not hide disappointment it won't get the Christmas gift it wants – a pass on the latest phase of its bailout programme.

Euro & Finance 06-12-2016

Member states support extension of Juncker Plan with EU funds

EU finance ministers on Tuesday (6 December) backed the European Commission’s proposal to expand the investment plan to mobilise at least €500 billion by 2020.

Elections 06-12-2016

Euro gains as Italian vote goes as expected by traders

The euro jumped against the US dollar on Monday (5 December) after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform, a defeat that traders had widely expected.

Euro & Finance 06-12-2016

Eurozone agrees short-term debt relief for Greece amid IMF row

Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge €86 billion bailout, but at levels far short of those demanded by the IMF.

Euro & Finance 05-12-2016

Eurogroup ignores Commission’s expansionary fiscal target

Some eurozone members have expressed their willingness to invest more but did not take on board the executive’s proposal for a common positive fiscal stance to boost the bloc’s recovery, at a Eurogroup meeting held today (5 December).