Jorge Valero

Economy & Jobs 17-09-2021

Bruegel’s Darvas: ‘We need much higher carbon prices in Europe’

In a paper discussed by EU finance ministers on 11 September, Bruegel think tank made the case for protecting green investment as part of the upcoming Stability and Growth Pact review. Bruegel’s Zsolt Darvas, one of the report's authors, told EURACTIV that most of the investment needed to reduce CO2 emissions would come from private sources.
Economy & Jobs 17-09-2021

EU warns of deep divisions at WTO, urges reform

The EU pressed the US Administration to agree on the reform of the World Trade Organisation’s dispute settlement system amid deep divisions running through the institution.
Economy & Jobs 14-09-2021

EU states dedicate €150 billion of recovery funds to social spending

EU governments will spend around €150 billion of the recovery fund in social objetives, with half of this money allocated to education and health, according to European Commission’s preliminary figures.
Economic governance 10-09-2021

Commission hints at quick fix of fiscal rules in 2022

The European Commission said on Friday (10 September) that it will explore options to improve the Stability and Growth Pact by the end of next year, as member states are preparing for a bruising battle over the reform of the EU’s fiscal rules.
Politics 09-09-2021

Von der Leyen set to defend COVID strategy in State of the EU speech

European Commission president, Ursula von der Leyen, is expected to tout the success of the institution’s vaccine strategy and the Covid certificate in her State of the EU speech on 15 September, in which Europe’s global status and role will have increased prominence following the US withdrawal from Afghanistan.
Economy & Jobs 07-09-2021

Gas excluded from green bond financing under recovery fund

Green bonds will not finance gas projects included in national recovery plans, according to the new framework put forward by the European Commission on Tuesday (7 September).
Economy & Jobs 06-09-2021

EU ministers clear Irish and Czech recovery plans 

EU finance ministers approved on Monday (6 September) the recovery plans submitted by Ireland and Czech Republic, meaning that the proposals sent by 18 member states since April to access the coronavirus fund have now been validated.
Economy & Jobs 30-07-2021

Europe leaves austerity behind with job-driven recovery

National recovery plans are expected to create at least 800,000 jobs by 2022 in the EU, thanks to additional public and private investment and planned reforms in member states, according to the European Commission.
Economy & Jobs 26-07-2021

More than half of recovery plans approved, funds expected within days

EU finance ministers approved on Monday (26 July) the recovery plans of Croatia, Cyprus, Lithuania and Slovenia, bringing the total number of approvals to 16 out of the 27 member states.
Economy & Jobs 26-07-2021

Small businesses gain ground in sustainable recovery push

The EU’s recovery fund and new strategy on sustainable finance will expand the role small firms can play in building back the European economy in a sustainable manner, EU officials said.

Green package unleashes criticism against von der Leyen inside the college 

Some EU Commissioners expressed concerns on Wednesday (14 July) about the landmark ‘Fit for 55’ climate legislation package and criticised the way the massive initiative to transform the European economy was handled by the Commission President Ursula von der Leyen, various officials told EURACTIV.com.
Economy & Jobs 13-07-2021

EU unlocks first recovery funds amid growing Delta fears 

EU-27 finance ministers in the Ecofin Council approved on Tuesday (13 July) the first batch of twelve national recovery plans, paving the way for the first payments by the end of this month, as the spread of the Delta variant of COVID-19 across Europe increases the risk of new restrictions.
Economy & Jobs 12-07-2021

EU puts its digital tax on hold after US pressure

The European Commission announced on Monday (12 July) it will put on hold its own proposal for a digital levy in Europe in order to facilitate a global tax agreement. The digital tax, which would have affected US tech giants, was postponed following repeated calls from Washington on the Europeans to cancel their plans. 
Brexit 12-07-2021

EU to detail future relationship with Gibraltar next week

The European Commission will put forward a mandate to negotiate a post-Brexit relationship with Gibraltar next week that would bring EU Frontex agents to its territory to avoid a hard border with Spain. 
Politics 08-07-2021

Released Catalan leader: Catalan issue requires a ‘multilateral solution’

Oriol Junqueras, former Catalan vice-president and pro-independence leader who had been jailed for his role in Catalonia's failed secession attempt, visited Strasbourg and Brussels on Tuesday and Wednesday (6-7 July), after being released from prison with a pardon from the Spanish government.
Economy & Jobs 30-06-2021

Lagarde makes a case for ‘green’ capital markets union 

The President of the European Central Bank, Christine Lagarde, on Wednesday (29 June) called for initiatives to create a capital markets union for sustainable finance.
Economy & Jobs 29-06-2021

Commission spending on Big Four consultancy firms grows in 2020

The European Commission’s contracts with PWC, Deloitte, EY and KPMG, known as the ‘Big Four’, continued to increase last year surpassing €156 million, partly due to their rising billing as part of the reform support programme, according to estimates made by EURACTIV.com.
Economy & Jobs 21-06-2021

Commission to ease state aid straitjacket as recovery fund kicks in

The European Commission will present in the second half of this year a wide-ranging review of its state aid rules to facilitate public funding to strategic areas, as member states await the first transfers of the EU's recovery funds.
Banking union 18-06-2021

Eurogroup fails to agree on a calendar to complete banking union

Eurozone finance ministers (Eurogroup) failed to agree on Thursday (17 June) on a calendar to complete the banking union with a common deposit insurance scheme, as Germany continued to oppose any progress unless member states address other issues, including bank exposure to sovereign debt.
Economy & Jobs 17-06-2021

Euro fiscal watchdog endorses suspension of Stability Pact in 2022

The European Fiscal Board supported on Wednesday (16 June) maintaining the suspension of the Stability and Growth Pact throughout next year but called for reinstalling a revised set of fiscal rules from 2023 to minimise risks.
Economy & Jobs 16-06-2021

Commission convinces markets with first issuance of recovery bonds

The European Commission raised €20 billion in the markets on Tuesday (15 June) to start financing the EU’s €800 billion recovery fund, beating its expectations for the planned monthly bond sale.
Economy & Jobs 15-06-2021

EU-US aircraft deal heralds new trade cooperation in Biden era

The first summit between the EU and US President Joe Biden concluded on Tuesday (15 June) with a deal on a five-year suspension of tariffs in the longstanding Airbus-Boeing dispute, paving the way for stronger cooperation against the challenges posed by China’s economic model.
Economy & Jobs 07-06-2021

Europe turns to active labour market policies to beef up job recovery

The European Commission wants member states to adopt measures to support workers’ hiring and retraining in the aftermath of the pandemic, as the green and digital transitions will shake up a European job market already in pain because of COVID-19.
Economy & Jobs 03-06-2021

Dombrovskis: ‘We are quite satisfied with the recovery plans submitted’

The EU’s framework to coordinate national economies this year has been shaped by the recovery and resilience plans. The Commission’s executive vice-president for economy, Valdis Dombrovskis, told a group of media including EURACTIV that overall, the EU executive is satisfied with the recovery plans submitted by 23 member states.