About: Valdis Dombrovskis

Banking union 12-10-2017

EU weakens plan on bank protection, risks ECB clash on bad loans

The European Commission proposed yesterday (11 October) watered-down measures to help guard European Union banks against future crises, after two years of fruitless talks among the 28 EU states on more ambitious plans.

Digital 20-09-2017

Commission ponders a tax on online sales

The Commission will suggest on Wednesday (20 September) alternatives to tax companies operating on Internet, including a withholding tax on online sales of non-resident companies or a levy on revenues coming from digital services or advertising, according to a document seen by EURACTIV.

Economy & Jobs 20-09-2017

EU moves to extend grip on financial sector after Brexit

The European Commission proposed on Wednesday (20 September) transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub.

Juncker Plan falls short of offering green projects, expert group says

The high-level group on sustainable finance proposed on Tuesday (18 July) a new platform to match capital and green projects, as the Juncker Plan did not develop the 'big pipeline' that was expected to unlock the money resting in the pockets of big investors.

Economy & Jobs 29-06-2017

Basel III reform ‘unlikely’ by G20 meeting

EU and industry officials say it is “unlikely” that Europe and the US will agree on new rules to strengthen the banking sector by the time of the G20 meeting in Hamburg on 7-8 July.

Economy & Jobs 29-06-2017

Dombrovskis: ‘There is appetite for a pan-European pensions product’

The European Commission will propose a new pan-European personal pension today (29 June). In an interview with journalists, Commission Vice-President Valdis Dombrovskis argues that the new scheme would help save more money in an ageing society.

Banking union 13-06-2017

EU seeks post-Brexit powers over London euro clearing

The EU unveiled plans Tuesday (13 June) to give itself powers to force a huge slice of London's banking business out of the UK after Brexit in a blow to the city's supremacy as a global financial hub.

Digital 09-06-2017

Commission struggles with tax exemptions in EU-wide pension proposal

European Commission Vice-President Valdis Dombrovskis admitted on Thursday (8 June) that full harmonisation across Europe, for the tax regime applied to the upcoming EU-wide personal pension insurance, was "unlikely".

Economy & Jobs 02-06-2017

Bulgaria seeks access to the euro waiting room

Bulgaria has a long way to go before it is ready to adopt the euro but allowing Sofia into the Exchange Rate Mechanism (ERM-2) will be an acknowledgment of the Balkan country's reform efforts, its finance minister said today (2 June).

Economy & Jobs 04-05-2017

Commission eases rules for controversial derivatives sector

The European Commission today (4 April) presented various initiatives intended to temper regulation and cash requirements firms need to satisfy in order to trade sophisticated financial products, aimed at boosting the European economy.

Economy & Jobs 07-04-2017

Lifelong learning, the ‘holy grail’ of social policies in the digital age

The constant retooling of labour skills will be a central element of a European Commission paper on the future of the EU social pillar, to be published on 26 April, EURACTIV.com has learned.

Digital 23-03-2017

Brussels eyes EU-wide licence for FinTech startups

The European Commission wants to create a special regime to attract FinTech companies in Europe and help the old continent compete globally on this promising new market, EU sources told EURACTIV.com.

Economy & Jobs 08-03-2017

Tusk says he is ‘ready’ for showdown over his job at EU summit

European Council President Donald Tusk said he is “ready” for the judgement awaiting him when EU heads of state and government decide tomorrow (9 March) whether he will serve another term starting in May despite the Polish government's backing of a replacement candidate.

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 15-02-2017

Dombrovskis warns US on bank deregulation move

Rolling back international banking regulations would put the achievements made since the financial crisis into question and could trigger a dangerous race between countries to ease rules, a senior European Union official warned on Tuesday (14 February).

Euro & Finance 09-02-2017

Dombrovskis: Brussels wants Brexit deal ‘for all’

The European Commission's vice-president Valdis Dombrovskis argued on Thursday (9 February) that a Brexit deal must benefit financial services sectors in both Europe and Britain.

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 30-01-2017

Italy ups spending on earthquake clean-up, despite Commission deficit request

The Italian government will start to increase spending on emergency funds this week to deal with the earthquakes that have struck the country, independent of a European Commission request to reduce its structural deficit. EURACTIV’s partner Milano Finanza reports.

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.

Euro & Finance 17-01-2017

Mixed bag of results for member state budgets from Commission

The European Commission said today (17 January) that Spain's budget for this year is "broadly" in line with EU targets and Portugal claimed that it met its 2016 goals. However, there were less positive signs from Italy and Lithuania.

Enlargement 16-01-2017

Commission approves new aid programme for Moldova

The European Commission will provide Moldova with €100 million in EU aid as the Eastern European country struggles to meet its short-term financial needs. EURACTIV Romania reports.

Euro & Finance 19-12-2016

Dombrovskis says Greek pension payout ‘complicated’ review talks

Greece's decision to give pensioners a one-off bonus has delayed the conclusion of its second bailout review but an agreement can still be reached in the coming months, EU Commission Vice-President Valdis Dombrovskis was quoted as saying on Saturday (17 December).

Public Affairs 13-12-2016

Socialist rebels contest Oettinger’s exemption from MEP vote

A group of Socialist MEPs have contested the procedure foreseen for Commissioner Günther Oettinger’s change of portfolio, demanding the Parliament president call a plenary vote. EURACTIV France reports.

Euro & Finance 28-11-2016

Commission proposes new CCP financial rules

The European Commission has adopted a proposal on financial market infrastructure that aims to manage the risk of one or more parties defaulting on transactions, in an attempt to learn from lessons provided by the global financial crisis. EURACTIV’s partner Milano Finanza reports.