Jorge Valero

Elections 18-09-2019

The Brief, powered by BP – Searching for a Spanish statesman

On 10 November, Spain will hold its fourth general election since 2015. The vote is the result of the lack of statesmanship among the party leaders in a critical period, especially of Socialist chief Pedro Sánchez.
Economy & Jobs 18-09-2019

New investment clause fails to win EU member state support

EU member states remain split over a possible relaxation of the bloc’s fiscal rules meant to facilitate investment in the bloc, despite calls from the European Central Bank and some governments to increase public spending and mitigate the risk of recession.
Economy & Jobs 17-09-2019

Europe launches last-ditch effort to avoid US tariffs

The European Commission has dangled the prospect of limiting its public subsidies to the US administration in an attempt to avoid further tariffs from Washington that could come as early as next month in the context of the Airbus-Boeing dispute.
Economy & Jobs 13-09-2019

Growing pressure on eurozone economies to launch stimulus

The European Commission and some member states including France followed the ECB in pressing Germany and other countries with fiscal space to invest more to counter the risk of recession.
Future EU 13-09-2019

The Brief – Von der Leyen needs to prove she won’t be Barroso III

Ursula von der Leyen will have to work hard to demonstrate that her Commission won’t be the member states’ secretariat. The Conference on the Future of Europe should not be window dressing if she wants to prove we've not gone back to Jose Manuel Barroso’s era.
Economy & Jobs 12-09-2019

Draghi urges Germany, Netherlands to invest against risk of recession

The European Central Bank said on Thursday (12 September) it will reactivate its bond-buying programme, stepping up the monetary stimulus to maintain economic growth, but its president Mario Draghi told Germany and the Netherlands the time has come to spend more in order to avoid the risk of a downturn.
Economic governance 12-09-2019

The seven-point recipe to improve EU’s messy fiscal rules

The European Fiscal Board has recommended major reform of the Stability and Growth Pact in order to simplify the EU’s spending rules and favour productive investment in the era of low-interest rates.
Competition 11-09-2019

A new team to defend Europe’s economic sovereignty

Achieving a “more assertive” Europe that can improve its competitiveness and sovereignty in an increasingly hostile world. These are the main guidelines of President-elect Ursula von der Leyen to the new College of Commissioners, unveiled on Tuesday (10 September).
Economy & Jobs 04-09-2019

Lagarde pledges to continue with Draghi’s loose monetary stance

Christine Lagarde promised on Wednesday (4 September) to respond with “agility” to the looming financial and economic turbulences once she becomes the president of the European Central Bank in November, while confirming that the current loose monetary stance will continue for a “long period of time.”
Economy & Jobs 04-09-2019

EU member states to look into Facebook’s controversial Libra

The Economic and Financial Committee (EFC), which brings together the EU’s member states, has requested an analysis note from the European Commission to further look into the risks posed by Facebook’s controversial digital currency Libra and the ways to regulate it.
Future EU 31-07-2019

Leak: Capitals seek to reform EU summits to cope with Trump era

EU countries are working on a review of their summits to improve their efficiency amid the challenges posed by Donald Trump, China and other foreign actors, according to official notes seen by EURACTIV.com.
Economy & Jobs 31-07-2019

Europe splits over IMF leadership

Divisions between the EU's geographical blocs are complicating the process of picking a European candidate to lead the International Monetary Fund (IMF), as the EU wants to agree on a nominee as soon as possible to retain the Fund’s chair.
Banking union 26-07-2019

König: I don’t believe in gender quotas

For many, the banking union represents the most ambitious step in EU integration since the creation of the euro. As the chairwoman of the new authority to resolve European systemic banks, Elke König, has been in the driving seat of the process.
Economy & Jobs 25-07-2019

Spain obstructs agreement on ‘Tobin tax’

Revenue sharing among member states appears as the main outstanding issue to reach an agreement on the financial transaction tax (FTT), as Spain is still opposing the mutualisation of the resources, European officials told EURACTIV.
Economy & Jobs 24-07-2019

Five things to know about the new pot to support EU economies

The European Commission will play a key role in deciding what reforms and investments are supported by a new financial instrument expected to be in place in 2021, whose amount is yet to be decided by the member states as part of the negotiations on the EU's long-term budget (MFF).
Economy & Jobs 18-07-2019

G7 says Facebook’s Libra poses ‘serious risks’

The G7 listed on Thursday (18 July) the requirements Facebook’s new ‘coin' Libra should meet, as regulators are increasingly wary of the “serious risks” posed by this digital currency.
Economy & Jobs 17-07-2019

Le Maire: ‘Capitalism is in a dead end, must reinvent itself’

French finance minister Bruno Le Maire is determined to chair an “efficient” meeting with his colleagues of the G7 countries on Wednesday and Thursday. His goal is no less than to refound capitalism. As a first step, he wants to reach an agreement on the main features of digital tax, to pave the way for an international compromise by early next year.
EU Elections 2019 16-07-2019

Von der Leyen likely to be confirmed as she wins majority of Socialists

A large majority of Socialist MEPs were ready to support Ursula von der Leyen to become the next president of European Commission, paving the way for her confirmation during the vote scheduled for Tuesday evening (16 July).
Global Europe 15-07-2019

EU postpones announcement on Turkey sanctions to ‘de-escalate’ tensions

The EU accepted on Monday (15 July) to postpone few hours the announcement of the sanctions against Turkey over the drilling in waters off Cyprus, following a request by Ankara not to interfere with the third anniversary the failed coup, EU officials and diplomats told euractiv.com.
EU Elections 2019 15-07-2019

Von der Leyen spells out concessions to Parliament ahead of crunch vote

Putting carbon neutrality into law during first 100 days, a new “Just Transition Fund” or the nomination of two executive vice-presidents are some of the concessions listed by European Commission President nominee Ursula von der Leyen, according to the letters seen by Euractiv.
Aviation 15-07-2019

Emission-busting aviation taxes gain ground, despite airline pushback

Ryanair in April became the first airline to be included among Europe’s top ten polluters, with some calling the airline company ‘the new coal’ industry. Large economies like France and Germany have begun seeking impact-reducing alternatives to air travel by imposing new taxes.
Economy & Jobs 12-07-2019

German ambassador to the EU: ‘China is changing us’

Europe should increase its economic assertiveness abroad and put forward a new strategy to face China’s rivalry, as the challenges posed by Beijing are already affecting the way European countries are preparing to compete with global powers, experts and diplomats agreed on Thursday (12 July).
Economy & Jobs 10-07-2019

Commission’s forecast paves the way for new ECB stimulus

The European Commission kept its growth forecast unchanged at 1.2% on Wednesday (10 July) but revised downwards inflation to 1.3% for this year and the next, strengthening the case for further monetary stimulus as global economic risks worsen.
Economy & Jobs 10-07-2019

Europe agrees to put forward one candidate for IMF chair

EU finance ministers unanimously decided on Tuesday (9 July) to present one single candidate to succeed Christine Lagarde as Managing Director of the International Monetary Fund.

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