Jorge Valero

Economy & Jobs 16-04-2021

EU pushes for convergence of insolvency rules to support recovery

The European Commission is preparing a series of proposals to drive the capital markets union to facilitate the recovery from the COVID-19 pandemic. One of the most difficult battles will be reducing the differences between national insolvency frameworks.
Economy & Jobs 16-04-2021

Member states press Commission to speed up evaluation of recovery plans

Some EU finance ministers are expected to request the European Commission on Friday (16 April) to shorten the two-month evaluation period of the recovery plans in order to speed up the implementation of the long-awaited European stimulus.
Economy & Jobs 15-04-2021

Recovery fund faces new hurdles with first disbursements

The European Commission could find it difficult to transfer the first tranche of the recovery funds to all member states according to its calendar, as most plans are expected to be approved at the same time and there will be limited capacity to borrow from the markets.
Economy & Jobs 14-04-2021

Parliament to look into Commission’s multi-million bill with consultancy firms

The European Parliament will examine the European Commission’s sizeable expenditure on big consultancy firms, recently revealed by EURACTIV.com, and propose a different approach to limit their influence in structural reforms, the chair of the Parliament’s budgetary control committee has said. 
Economy & Jobs 01-04-2021

Regulators maintain call for prudence in bonuses and dividends payout

Regulators are urging banks and insurance companies to exercise caution in handing out dividend payments to shareholders and bonuses to employees, as Europe continues to struggle to cement its recovery from the Covid pandemic.
Economy & Jobs 30-03-2021

Europe looks for investment to spur its ailing recovery

Difficulties never come alone in the EU. The German Constitutional court’s decision to halt the ratification of the EU’s recovery fund on 26 March is the latest challenge faced by the EU in the battle against the Covid-19 pandemic.
Politics 30-03-2021

MEPs grill Commission about growing expenditure in consultancy firms

A group of 73 MEPs have sent a letter to the European Commission expressing concerns about hundreds of millions of euros spent on consultancy firms and their involvement in policymaking in the wake of an exclusive report by EURACTIV.com.
Economy & Jobs 23-03-2021

European recovery sidelines the young generation

Despite being the most affected group by the coronavirus-induced crisis, young Europeans feel increasingly left out from plans for post-pandemic recovery. Experts call for targeted measures to support them and ensure a quick implementation of the EU’s Youth Guarantee at the national level.
Economy & Jobs 19-03-2021

EU Court of Auditors looking into Commission’s contracts with consultants 

The European Court of Auditors is examining almost half a billion euro worth of contracts the European Commission has concluded with external consultants to assess whether there is fair value for money in the contracts, a spokesperson of the institution told EURACTIV on Thursday (18 March).
Economy & Jobs 18-03-2021

EXCLUSIVE: Commission’s ballooning bill with consultancy firms revealed 

The European Commission spent more than €462 million between 2016 and 2019 in contracts with the ‘Big Four’ consultancy firms, according to estimates made by EURACTIV based on official documents.
Economy & Jobs 17-03-2021

Commission pledges new due diligence rules will be balanced

The European Commission is by the end of the year set to propose new rules subjecting companies to stricter controls in a bid to encourage them to ensure suppliers respect human rights and do not harm the environment.
Economy & Jobs 05-03-2021

EU-US agree to suspend tariffs to settle aircraft subsidies dispute

The EU and the US agreed on Friday (5 March) to suspend the tariffs mutually imposed in the context of the Boeing-Airbus dispute, while both sides try to reach a compromise on the subsidies given to their aircraft manufacturers. 
Economy & Jobs 04-03-2021

EU unemployment reinsurance scheme falls off Commission’s radar 

An EU reinsurance scheme to support national unemployment benefits was not part of the European Pillar of Social Rights Action Plan presented on Thursday (4 March), although the European Commission has been supportive of the idea.
Economy & Jobs 04-03-2021

Asking job seekers to reveal previous salaries is ‘discrimination’, EU’s Dalli says

The EU's Commissioner for Equality, Helena Dalli, presented on Thursday (4 March) the first EU-wide compulsory rules to force companies to disclose salaries by type of work and employees’ sex. The goal is to tackle the pay gap between men and women in the EU, currently at 14%.
Economic governance 03-03-2021

Commission wants to keep fiscal rules suspended in 2022

The European Commission said on Wednesday (3 March) that the Stability and Growth Pact should remain suspended next year as the European economy needs additional stimulus to return to the pre-crisis level.
Economy & Jobs 02-03-2021

Bigger capital requirements hang over EU insurance sector in Solvency review

EU regulators and the insurance sector disagree over whether the review of the rules for the industry (Solvency II) should include higher capital requirements to deal with risks of interest rate changes, which insurers say would mean less money to support recovery.
Economy & Jobs 18-02-2021

Commission outlines ‘greener’ and more assertive trade policy

A tougher approach with partners and more focus on climate and labour rights will be key pillars of the new EU trade policy outlined by the European Commission on Thursday (18 February). 
Economy & Jobs 16-02-2021

EU sets end of May deadline for Turkey to avoid blacklist

The European Union decided not to include Turkey in its blacklist on Monday (15 February) after the Turkish authorities made some commitments to facilitate the exchange of information on tax matters.
Economy & Jobs 16-02-2021

Investors ‘concerned’ about EU recovery fund rollout, warns ESM chief

EU’s recovery funds could start flowing to member states before summer. Still, investors are “concerned” about the speed of the implementation of the EU’s joint stimulus, the European Stability Mechanism said on Monday (15 February).
Economy & Jobs 15-02-2021

Okonjo-Iweala elected as the first female WTO chief

The World Trade Organisation appointed Ngozi Okonjo-Iweala as its new director-general on Monday (15 February). The WTO's first female chief and the first one to come from the African continent takes the reins at a time when the organisation needs to reform to respond to growing global challenges and trade tensions.
Banking union 05-02-2021

Commission’s leaked study beefs up arguments to complete banking union

The probability of liquidity shortfalls to protect bank depositors in a new 2008-like crisis would be cut by half if the EU completed the banking union with a European Deposit Insurance Scheme, according to a European Commission analysis seen by EURACTIV.com.
Brexit 03-02-2021

How the vaccine export control blunder exposed von der Leyen’s ‘flawed’ centralism

Relevant EU commissioners were not consulted and staffer members had less than 30 minutes for a “quick check” before the EU's proposed vaccine export control mechanism was presented to journalists last Friday (29 January), officials told EURACTIV.
Economy & Jobs 02-02-2021

EU Commission wants extra €1.5 billion to fight pandemic

The European Commission on Monday (1 February) said it will need to tap into the EU budget margins this year – around €1.5 billion – to monitor progress made with vaccination campaigns, finance pharmacovigilance studies, and fight against the new variants of COVID-19.
EU-China 29-01-2021

‘Still much work to do’ with China after investment deal, says Commission

Despite a recent investment agreement reached with Beijing, there is still “much work to do” to rebalance the EU-China trade and overall economic relations, the European Commission said on Friday (29 January).