Jorge Valero

Global Europe 17-08-2018

Turkish instability threatens Europe from the Italian flank  

Market pressure, financial exposure and a potential review of a key migration deal with Ankara has made Italy the most vulnerable country to the recent financial turmoil in Turkey.
Africa 01-08-2018

EU will spend more on border and migration control than on Africa

The European Commission’s proposal to bolster Europe's borders would mean that for the first time the EU will spend more on migration control than on developing Africa, as the determination to ‘fortify’ the Continent prevails among national governments and institutions.
Economic governance 27-07-2018

Sanchez loses key vote as junior allies revolt against minority government

Spain’s socialist government lost on Friday (27 July) a key vote on the revised fiscal path to balance the public accounts, as Pedro Sanchez’s allies abstained calling into question the survival of his fragile minority.
Economy & Jobs 26-07-2018

EU offers trade talks to Trump despite steel and olive tariffs

The EU and US will stick with trade talks even if Donald Trump decides to maintain tariffs on steel and aluminium after promising European Commission President Jean-Claude Juncker a reassessment.
Economy & Jobs 26-07-2018

Soybeans bring appeasement to EU-US trade war

The EU's pledge to import more soybeans from US farmers was the ‘dealmaker’ in the agreement between European Commission President Jean-Claude Juncker and US President Donald Trump to stop the dispute and open trade talks, EU sources told EURACTIV.
Competition 24-07-2018

Commission acts against price fixing in online resales

The European Commission levied fines totalling €111 million against Asus, Philips, Pioneer and Denon & Marantz on Tuesday (24 July) for imposing fixed or minimum resale prices on online retailers.
Economy & Jobs 23-07-2018

EU tones down hopes of Mercosur deal by September

Despite EU and Mercosur countries remaining committed to reaching a trade agreement, the European Commission did not endorse the South American bloc’s target to reach an agreement by September, as substantial gaps remain between the two sides.
Competition 18-07-2018

EU keeps Google on the hook following record fine of €4.34 billion

The European Commission slapped Google on Wednesday (18 July) with a record fine of €4.34 billion for abusing its dominant position and said it would continue to investigate as a “top priority” Google's other businesses for possible additional breaches of market rules. The company said it would appeal.
Global Europe 17-07-2018

Juncker to meet Trump in Washington on 25 July

European Commission President Jean-Claude Juncker will meet with US President Donald Trump at the White House on 25 July in an attempt to repair the strained relations between the transatlantic allies.
Global Europe 16-07-2018

EU and US will ‘always be close friends’, insists Mogherini

Following US President Donald Trump’s latest charge against Europe, EU’s vice-president for Foreign Affairs Federica Mogherini said on Monday (16 July) that the bloc will “always” consider the US as “close friends and partners”.
Economy & Jobs 12-07-2018

Trade war starts to dent European growth

The European Commission cut expected EU growth for this year by 0.2% compared to its forecast less than three months ago, as output was weaker than expected during the first semester and external risks, especially the trade war, are on the rise.
Economic governance 12-07-2018

Commission rejects auditors’ call to tighten control of EU member states’ debt

The European Commission has rejected the European Court of Auditors’ recommendation to strengthen surveillance of EU member states with high levels of public debt.
Economy & Jobs 11-07-2018

‘All options’ are on the table to respond to Trump’s tariffs on black olives

The European Commission said on Wednesday (11 July) that “all possible options” are on the table to respond to the confirmation of the US tariffs on Spanish ripe olives, seen by the Europeans as ‘not justified’.
Banking union 10-07-2018

Germany poses ‘real problem’ when protecting bank savers with European guarantee, says official

A senior EU official said on Tuesday (10 July) that an agreement on a European Deposit Insurance Scheme (EDIS) to protect savers across the bloc would be “very hard” given Berlin’s opposition.
Banking union 09-07-2018

Draghi urges countries to complete banking union as risks fall

European Central Bank President Mario Draghi urged eurozone member states to complete the banking union with a European Deposit Insurance Scheme, noting the “substantial” reduction of risks in the banks’ balance sheets and the benefits of risk-sharing.
EU-China 06-07-2018

Success of EU-China summit in the air as trade differences remain

The EU and China are speeding up preparatory work for their bilateral summit in Beijing in mid-July. The two sides are trying to agree on a joint position despite differences on trade issues including subsidies and market access.

Kurz pledges to shield Schengen as border dispute unfolds

Austrian Prime Minister Sebastian Kurz prioritised the protection of the external borders during his country's EU Presidency stint, in order to safeguard the Schengen area, as a recent deal between Germany’s conservative parties could lead to a resurrection of the bloc's internal borders.
Banking union 29-06-2018

EU leaders postpone completion of banking union

Despite previous promises to achieve results on eurozone reforms in June, EU leaders postponed until December an agreement on the backstop to wind down failing banks and did not include any date for starting discussions on a European deposit guarantee scheme.
Economy & Jobs 28-06-2018

Summit conclusions detail reform plan for WTO to please Trump

The EU leaders agreed “in substance” on Thursday (28 June) on a set of proposals to improve the World Trade Organisation, which should pave the way for finding common ground with US President Donald Trump and de-escalating the ongoing trade dispute. But Italy blocked their formal adoption until the migration issue was fully addressed.
Competition 27-06-2018

Vestager: ‘I’d like a Facebook that I pay, with full privacy’

In an exclusive interview, the EU's antitrust chief, Margrethe Vestager, told EURACTIV.com that the US social network Facebook is on her radar screen but not the e-commerce giant Amazon, which is also suspected of abusing its dominant position.
EU-China 26-06-2018

Asian investment bank: ‘We could invest in the EU’

The Asian Infrastructure Investment Bank (AIIB) has recently decided to start looking abroad to invest its $100 billion in capital, including ports in the EU. His vice-president Joachim von Amsberg told EURACTIV there wouldn’t be any rivalry with EU institutions, but rather "collaboration".
Economy & Jobs 22-06-2018

Eurogroup reaches ‘historic’ deal on debt relief for Greece

In the early hours of Friday (22 June), the Eurogroup reached an “historic” deal on a debt relief for Greece, solving the last political hurdle to conclude its rescue programme after more than eight years.
Economy & Jobs 21-06-2018

Spain pledges to ‘square the circle’ on public finances in Eurogroup debut

Spain's new Socialist government said on Thursday (21 June) it had “no reasons” to believe that it would miss its deficit target, despite a planned increase to pensioners’ benefits  being questioned by the EU institutions.
Future EU 20-06-2018

OECD’s Gurría: ‘People are angry and frustrated’

OECD Secretary-General Ángel Gurría has blamed governments for the rise of populism and political fragmentation across Europe, claiming they also did not deliver benefits that were promised to citizens, he told EURACTIV in an interview.