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.
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”.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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).