The Greek crisis that kept politicians busy in the summer of 2015 has fuelled particularly negative sentiments among business leaders from the non-eurozone countries, according to a report by Deloitte published today (16 November).
The Spanish economics minister, Luis de Guindos, announced yesterday (9 November) that the OECD expects Spain to meet its fiscal-discipline objectives this year and next, as does the government itself. EurActiv's partner EFE reports.
The European Commission promised MEPs a greater involvement in the so-called European Semester - but, according to Martin Schulz, the executive's latest proposals do not live up to Parliament’s expectations.
The European Commission presented a “realistic” proposal on Wednesday (21 October) to create a single seat for the eurozone in the International Monetary Fund - a controversial idea that has been put aside for many years.
European Union leaders have postponed a deeper discussion of the future of the eurozone until December because of divergent views in the biggest countries and because of the more pressing migration issue, diplomats said.
The eurozone's rulebook and its anti-crisis mechanisms have been bolstered since the sovereign debt crisis hit Europe at the end of 2009. But serious risks still loom large, as growth potential remains low and the bloc's governance framework is “not fit for purpose”, Benoît Cœuré said after a meeting of EU finance ministers this weekend (12 September).
Germany yesterday (1 September) put the brakes on a French push for the eurozone to appoint a new Commissioner with powers to coordinate economic policy across the bloc and preside over fiscal transfers between its 19 members.
Unemployment in the eurozone fell to its lowest level for three and a half years in July, raising hopes that economic recovery in the single currency area is taking hold, official data showed on Tuesday.
French Economy Minister Emmanuel Macron has called for a new start for Europe, telling a German newspaper the eurozone status quo would lead to the currency union's self-destruction and that fiscal transfers between member states are necessary.
The Netherlands was the last eurozone state to endorse a third bailout for Greece Wednesday (19 August), as both the cabinet and parliament approved the package after a bruising debate. This means that Athens can receive the first installment as early as today.
Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.
Economic analysts in Germany are proposing new structures in the European Monetary Union as a result of the Greece crisis, saying an option to leave the eurozone should also be included. EurActiv Germany reports .
Greek Prime Minister Alexis Tsipras tried to rally his Syriza party before a vote in parliament today (22 July) on the second package of measures demanded by international creditors to open talks on a new bailout deal.