EU news and policy debates across languages


MEPs step in to ease sanctions over deficit rules

Topic: EMU

Euro & Finance 20-10-2016

Commission’s top advisor championed market 'discipline' in crisis years

Niels Thygesen, the new chair of the European Fiscal Board, called for “ambiguity” in the eurozone’s rescue mechanisms in order to let investors “impose discipline” on national governments.
Euro & Finance 20-10-2016

ECB set to tee up next stimulus move: analysts

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.
Euro & Finance 20-10-2016

Giving some teeth to Europe's budgetary watchdogs

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.
Euro & Finance 14-10-2016

Greek business chief: German elections no excuse to defer Greek debt talks

The German government should not use the upcoming national elections as an excuse to defer discussions over Greece's debt, Konstantinos Michalos said in an interview with
Future EU 11-10-2016

EU puts ‘ever closer union’ on hold

As the EU prepares to celebrate its 60th anniversary, the “ever closer union” principle that underpinned the European project is being put on hold as the bloc struggles to survive its annus horribilis.
Euro & Finance 11-10-2016

Greece secures partial bailout payout amid Germany doubts

Eurozone ministers on Monday unlocked €1.1 billion for Greece from its huge third bailout after it delivered the necessary reforms, but held back more funds amid doubts from Germany.
Euro & Finance 05-10-2016

Nobel laureate Stiglitz sees Italy, others leaving euro zone in coming years

Nobel Prize-winning economist Joseph Stiglitz predicted in an interview on Wednesday (5 October) that Italy and other countries would leave the eurozone in coming years, and he blamed the euro and German austerity policies for Europe's economic problems.
Euro & Finance 04-10-2016

MEPs oppose 'immoral' suspension of EU funds for Spain and Portugal

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”.
Future EU 30-09-2016

Crafting a way forward for the European Union

The decision of Britain to leave the EU has put the European idea to the test. Now is the time to openly discuss the state of our union and the way forward, writes Petros Fassoulas.
UK & Europe 16-09-2016

Capital flight: The City will decline outside EU, and Britons will be the poorer for it

The effects of Brexit may not be felt immediately, but it spells the end of the City as we know it. The last 15 years will go down as London’s golden age and be sorely missed, writes Nicolas Véron.
Euro & Finance 15-09-2016

Stiglitz: The 'easiest way would be for Germany to leave Europe'

Joseph Stiglitz, winner of the Nobel Prize in economics, has blasted Germany's austerity measures and the management of the eurozone. EurActiv Germany reports.
Euro & Finance 12-09-2016

As elections near, French politicians renew assaults on EU budget rules

Nobody yet knows the winner of France's presidential election next year, but the smart money is on one loser: the 3% cap on government deficits enshrined in eurozone rules.
Euro & Finance 12-09-2016

ECB warns against weak application of deficit rules

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.
Euro & Finance 08-09-2016

Latvian minister to miss Bratislava meeting - to play chess

Buoyed by her defeat of the best woman player in the world, Latvia's finance minister is to skip a top EU meeting this week to pursue her passion for chess, her spokesman said Wednesday (8 September.)
Euro & Finance 08-09-2016

Brussels willing to grant Spain more time to submit fiscal measures

EU officials have responded with a conciliatory tone to Spain’s difficulties in meeting agreed fiscal targets as new elections loom in December to break the ongoing political stalemate.
Global Europe 31-08-2016

G20 is a test for Europe

The G20 summit, which opens this weekend in China, will see the EU in defensive mode, shaken by Brexit, the refugee crisis and on-going structural problems in the Eurozone, writes Fraser Cameron.
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.
Elections 19-08-2016

Rajoy says ready for confidence vote on forming government

Spain's acting prime minister Mariano Rajoy, bidding to end an eight-month political stalemate, said yesterday (18 August) he was ready to face a confidence vote on forming a new government after agreeing terms for a pact with centrist rivals.
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).
Future EU 18-08-2016

Renzi, Merkel, Hollande to meet for EU talks post-Brexit

Italian Prime Minister Matteo Renzi will meet with German Chancellor Angela Merkel and French President François Hollande on an Italian island on Monday (22 August) to discuss the EU's way forward after Britain's shock vote to quit the bloc.
Euro & Finance 29-07-2016

Commission and IMF clash over influence of politics over bailout programmes

The European Commission has said that stabilising the eurozone was "eminently a political issue" after an independent probe into the IMF's handing of sovereign bailouts found it was vulnerable to pressure from governments.
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 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