EU news and policy debates across languages


Commission threatens Spain and Portugal with fines

Topic: Financial regulation

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 19-10-2016

Obama hails Renzi's reforms, criticises EU austerity

Barack Obama praised Matteo Renzi in a newspaper interview yesterday (18 October), endorsing the under-fire Italian Prime Minister's reform agenda ahead of his state visit to Washington and a referendum that will define his political legacy.
Euro & Finance 10-10-2016

German companies touted as possible Deutsche Bank saviours

Germany's biggest companies could band together to save struggling financial powerhouse Deutsche Bank from slipping further into crisis. It’s an option that could rule out the need for a public bailout. EurActiv’s partner La Tribune reports.
Euro & Finance 07-10-2016

Financial expert: Deutsche Bank collapse 'would probably trigger new global financial crisis'

Deutsche Bank is in crisis mode and its collapse could signal the beginning of a whole new set of economic woes for Germany, the EU and even the entire global financial system, expert Michael Schröder told EurActiv Germany. But he insists that state aid is not the answer.
Euro & Finance 06-10-2016

IMF officials downplay risk of imminent Deutsche Bank crisis

International Monetary Fund officials sought to play down the risk of an imminent crisis over Deutsche Bank yesterday (5 October) and expressed confidence that German and European authorities were working to ensure stability.
UK & Europe 22-09-2016

5,500 UK-based finance firms could lose EU 'passporting' rights

The 'passport' rights allowing 5,500 British-based financial firms to operate freely across the European single market are at stake in the fallout from Brexit, posing a 'significant' risk to the finance sector, the country's financial watchdog has revealed.
UK & Europe 19-09-2016

UK banks to lose EU 'passport' post-Brexit, warns ECB boss

Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the European Union unless post-Brexit Britain is at least part of the European Economic Area, ECB policymaker Jens Weidmann has said.
Digital 19-09-2016

Commission champions 'laissez-faire' in first response to FinTech revolution

The digital revolution in the financial sector will get a helping hand from EU regulators later this year when the European Commission tables new proposals for retail financing, with a clear objective: let the revolution flourish.
UK & Europe 08-09-2016

'Scourge of the City' to return to Brussels in October

Michel Barnier will return to Brussels on 1 October to take up his new position as the EU’s “negotiator-in-chief” with the United Kingdom. EurActiv’s partner La Tribune reports.
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

Irish parliament backs Apple tax appeal after angry debate

Ireland's parliament battled through an ill-tempered debate on Wednesday to vote in favour of appealing a European Commission ruling ordering the country to collect billions of euros in unpaid taxes from tech giant Apple.
Euro & Finance 07-09-2016

Dijsselbloem: Fight tax avoidance to boost EU equality

Fighting tax avoidance should be a cornerstone of a push by EU authorities for greater equality as they seek a response to a rise in populism across the continent, the head of eurozone finance ministers said on Tuesday (6 September).
Public Affairs 29-08-2016

Barroso’s revolving door scandal must bring tougher rules

If the Goldman Sachs appointment of ex-European Commission president Barroso does not push the Commission to crack down on the ever turning revolving door, nothing will, writes Vicky Cann on behalf of ALTER-EU.
Euro & Finance 24-08-2016

Frankfurt charm offensive for Brexit-wary London firms

The marketing team of Frankfurt never expected its English-language dummy website to attract new businesses would actually go live after Britain's European Union referendum.
Euro & Finance 19-08-2016

The failure to police the EU’s financial border is a security weakness

Whilst EU leaders and policymakers have struggled to maintain the security of the EU’s external physical border, the financial border is wide open to all. At a time of focus on the funding of EU extremism from third countries this is a worrying weakness, writes Tom Keatinge.
Euro & Finance 17-08-2016

Britain targets financial advisers with new tax-avoidance fines

Britain set out plans on Wednesday (17 August) to punish financial advisers who tell their clients how to avoid paying tax, including hefty fines designed to target what it called the "supply chain of tax avoidance".
Euro & Finance 30-07-2016

No clean bill of health for EU banks in stress test

Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. Eight years since the collapse of Lehman Brothers sparked a global banking meltdown, many of Europe's …

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 25-07-2016

LuxLeaks highlights need for whistleblower protection and incentives

The time has come for EU member states to decide how they will treat whistleblowers. Erika Kelton asks, will they embrace and encourage them, or will they perpetuate a culture of fear?
Euro & Finance 19-07-2016

Commission’s private-sector ‘revolving door’ should work in public interest

Former Commission President Barroso’s job offer at Goldman Sachs has prompted outrage. But the real problem is the EU’s lack of transparency and democratic oversight. Interaction with the private sector through the so-called “revolving door” should be encouraged, write Katinka Brouwer, Penelope Bergkamp and Dr Lucas Bergkamp.
Euro & Finance 14-07-2016

UK Commissioner: After Brexit, resigning was the right thing to do

Britain’s outgoing Commissioner Jonathan Hill has said he resigned as a matter of principle after the UK’s vote to leave the European Union because the public feel that politicians do not take enough account of their opinions.
Euro & Finance 13-07-2016

Monaco signs up to EU's tax transparency scheme

The EU has signed a fiscal transparency agreement with Monaco in an attempt to stop Europeans hiding undeclared income in the Mediterranean principality. EurActiv Spain reports.
Euro & Finance 13-07-2016

Panama Papers parliament committee keen to avoid LuxLeaks mistakes

The initial outrage provoked by the Panama Papers is over. Now that the dust has settled, a European Parliament committee will examine the case in detail. EurActiv Germany reports.
Euro & Finance 12-07-2016

Commission threatens Spain and Portugal with fines

The EU threatened Spain and Portugal Tuesday (12 July) with huge fines for failing to fix years of high deficits, in the first time Brussels has wielded its disciplinary powers over member states' budgets.