János Allenbach-Ammann

Economy & Jobs 28-06-2022

The Brief – Austere identity politics is back, threatening the EU

While a purchasing power crisis unfolds and slowing gas flows threaten to shut down parts of European industry, austerity is back, hurting the EU’s ability to react to the looming crises.
Economy & Jobs 28-06-2022

European businesses lament fragmentation of the EU Single Market

In a joint statement, five leading European business associations sounded the alarm over what they perceive to be a fragmentation of the Single Market as EU rules are not applied and enforced uniformly across the trading bloc.
Economy & Jobs 23-06-2022

The minimum tax as punching bag for authoritarians

While the minimum corporate tax directive might be a random casualty of the of the right-wing governments' thirst for money, it is a fitting victim of anti-democratic authoritarianism.
Economy & Jobs 23-06-2022

EU to strengthen sustainability enforcement in trade deals

Sustainability concerns should receive increased attention in trade deals and, if necessary, also be enforced through sanctions, according to a new approach presented by the EU Commission on Wednesday (22 June).
EU-India 10-06-2022

EU and India to start trade negotiations, with 2024 target

After more than eight years of stalled negotiations on a comprehensive EU-India trade agreement, the two are set to formally restart talks from mid-June, with the aim to strike an agreement before both head to the polls in 2024.
Enlargement 09-06-2022

The Open Balkan Initiative and the EU’s Minimum Wage Directive

This week on Beyond the Byline: the Minimum Wage Directive and the Open Balkan Initiative.
Economy & Jobs 07-06-2022

EU Parliament and member state negotiators agree on minimum wage directive

In a success for the French presidency of the EU Council, negotiators from the EU Parliament, member state governments, and the EU Commission reached an agreement on the minimum wage directive.
Economy & Jobs 07-06-2022

Supply Chains: From ‘just in time’ to ‘just in case’

The pandemic and Russia’s invasion of Ukraine have sent shockwaves through global supply chains, leading companies and policymakers to rethink their priorities, from efficiency to resilience.
Economy & Jobs 02-06-2022

Bringing a gun to trade negotiations

The chair of the European Parliament's trade committee Bernd Lange argues that the EU needs more defensive instruments to safeguard its trade interests in an environment where multilateral trade rules are not respected.
Economy & Jobs 02-06-2022

Commission gives Croatia go-ahead for 2023 euro adoption

Croatia fulfils all economic criteria to join the euro area in January 2023 despite rising inflation, according to the EU Commission’s biannual convergence report, published on Wednesday (1 June)
Economy & Jobs 31-05-2022

EU leaders agree to support Ukraine financially, but postpone details

European leaders at the EU summit in Brussels on the night of 30-31 May agreed on €9 billion in macro-financial support for Ukraine and committed themselves to help finance Ukraine's reconstruction, but they postponed decisions on the nature of the support and how it should be funded.
Economy & Jobs 30-05-2022

Industry employers’ boss: Companies cannot raise wages to offset inflation

Pushed by record-high energy prices, year-on-year inflation reached 7.4% in April of this year for the euro area. This is squeezing industrial companies in Europe, according to the president of Ceemet, a European tech and industry employers’ organisation.
Economy & Jobs 25-05-2022

More voices join call for EU grants instead of loans for Ukraine

Experts are calling on the EU to give Ukraine short-term budgetary aid in the form of grants instead of loans, citing concern over the impact of massive debt on the country's economy.
Economy & Jobs 24-05-2022

Mixed reactions to suspension of EU fiscal rules

While EU finance ministers meeting in Brussels on Monday (23 May) discussed the pros and cons of the EU Commission’s proposal to keep the EU’s fiscal rules suspended for another year, civil society organisations used the opportunity to question the fiscal rules more fundamentally.
Economy & Jobs 23-05-2022

EU fiscal rules to be suspended for another year

Reacting to the economic consequences of the Russian invasion of Ukraine, the European Commission postponed the renewed enforcement of its fiscal rules by a year, to 2024.
Economy & Jobs 23-05-2022

The bankers of the social economy

From the EU Commission to the European Investment Fund, banks and venture capitalists, and then social enterprises, money changes hands many times before reaching its final destination.
Economy & Jobs 20-05-2022

Former economy minister: Ukraine needs grants, not loans

In an interview with EURACTIV, the former Ukrainian economy minister and current advisor to President Volodymyr Zelenskyy, Tymofiy Mylovanov welcomed EU help but called for the use of grants instead of loans since an over-indebted Ukraine would scare off private investors and make reconstruction more difficult.
Economy & Jobs 19-05-2022

Four-day work week: How competitive is mental health?

The Brussels economic policy crowd seems to be positively inclined towards the idea of a four day work week if a recent debate at the Brussels Economic Forum is anything to go by.
Economy & Jobs 19-05-2022

EU Commission proposes Ukraine reconstruction platform

Along with a €9 billion increase in short-term budgetary aid to the Ukrainian government, the European Commission proposed on Wednesday (18 May) setting up a reconstruction platform for Ukraine to help with the massive financing needs of rebuilding the country.
Economy & Jobs 18-05-2022

Access to justice key in corporate sustainability due diligence directive, stakeholders say

Giving those harmed by multinational companies a way to seek recourse, reparation, and justice is one of the goals of the corporate sustainability due diligence directive, but in practice, it may be easier said than done.
Economy & Jobs 17-05-2022

Social Taxonomy risks death by Commission neglect

While the debate regarding the environmental taxonomy is raging between EU member state governments, the project of establishing a social taxonomy is put on the backburner by the EU Commission, according to multiple sources.
Economy & Jobs 13-05-2022

EU Commission proposes tax cut to incentivise equity investments

As most corporate tax systems in the EU currently prefer debt financing over equity and EU companies are highly indebted, the EU Commission proposed the introduction of a tax allowance that should incentivise the accrual of new equity rather than debt.
Economy & Jobs 13-05-2022

Commissioner Schmit: You cannot make money on social services

Social economy should not be thought of as an alternative to public services, according to the European Commissioner for jobs and social rights, who nevertheless argued there was a need for a "third way" between the private, profit-oriented economy and publicly provided services that can be served by social economy.
Economy & Jobs 12-05-2022

The cost of market concentration

Technological progress and lax anti-trust enforcement have led to high market concentration, which in turn led to ballooning profits of some big corporations, to the detriment of economic development, economics professor Jan Eeckhout told EURACTIV in an interview.