Jorge Valero

Economy & Jobs 18-10-2018

Italy’s ‘unprecedented’ breach of fiscal rules clouds euro summit

Euro-area leaders agreed on Thursday (18 October) to accelerate the work to bolster the monetary union as the European Commission questioned half a dozen member states’ efforts to balance their public accounts, particularly Italy.
Economy & Jobs 18-10-2018

US blames Europe for lack of progress in trade talks, threatens car tariffs

Senior US and EU officials blamed each other on Wednesday (17 October) for a lack of progress in ongoing trade talks, reviving the possibility of fresh tariffs on European cars, said the American representatives.
ASEAN 17-10-2018

EU-Vietnam deal seen as ‘stepping stone’ for agreement with ASEAN, says Commission

The EU's Trade Commissioner Cecilia Malmström said on Wednesday (17 October) that the "ambitious" trade deal made with Vietnam could “pave the way” for an agreement with the Association of South East Asian Nations (ASEAN), despite scepticism on the other side.
Economic governance 16-10-2018

Juncker: If we accept the Italian budget, ‘countries would insult us’

European Commission President Jean-Claude Juncker told Italian media on Tuesday (16 October) that he could not accept the extra spending budgeted by the Italian government because other member states would “insult” the institution.
Economic governance 16-10-2018

Eurozone faces critical budget issue as Italy defies the rules

For the first time since post-crisis rules entered into force, all eurozone countries are to submit their draft budget plans to the European Commission, but the Commission could also make an unprecedented move itself: sending one of budgets back to where it came from, most likely, Rome. 
Banking union 15-10-2018

EU authorities defend Popular’s resolution despite thousands of complaints

Banco Popular intervention was a success story although more than 12,000 of the Spanish bank's shareholders requested to be heard in the complaint process, the European Commission and the Single Resolution Board (SRB) said on Monday (15 October).
Future EU 11-10-2018

A silver lining in ‘illiberal’ Hungary

The looming decision on whether to close the prestigious Central European University (CEU), a symbol of the resistance in Hungary, is bringing together the opposition to forge an innovative plan to end the ‘Orbánian’ state, EURACTIV.com reports from Budapest.
Economic governance 11-10-2018

EU Fiscal Board blames Commission for ineffective recommendations

The European Fiscal Board complained on Wednesday (10 October) that member states had failed to use strong economic growth to reduce their public debt, and called for a major change of EU fiscal rules to ensure better enforcement by the European Commission.
Economic governance 09-10-2018

EU Commission prepares to reject Italy’s budget

The European Commission will take the unprecedented step of rejecting a national budget later this month if the Italian government does not improve its announced deficit figures, EU officials told EURACTIV.
Politics 04-10-2018

Auditors warn of risk of over-promising and under-delivering with EU funds

In order to regain citizens’ trust ahead of the EU elections in May 2018, the European Court of Auditors recommended matching expectations with results when using the EU budget, as less than 15% of funds available were spent last year.

Ministers support giving more powers to EU watchdog to fight money launderers

The Ecofin Council “broadly” supported on Tuesday (2 October) the European Commission’s proposal to transfer more powers to the European Banking Authority to investigate alleged cases of money laundering in the EU.
Economy & Jobs 02-10-2018

Member states approve reduced tax for e-books and digital press

EU finance ministers reached an agreement on Tuesday (2 October) to allow willing member states to apply reduced VAT rates or even scrap taxes on electronic books and digital press.
Economy & Jobs 01-10-2018

Ministers press Italy to respect common rules in budgetary spat

Eurozone finance ministers and the European Commission called on the Italian government on Monday (1 October) to respect the EU’s fiscal rules, saying the “non-compliant” budgetary plan announced by the third largest eurozone economy could destabilise the region.
Politics 28-09-2018

New controversy hits Spanish PM Sánchez’s bumpy start

Beloved in Brussels, on the ropes in Madrid, the Spanish socialist government faced this week one more scandal after it was reported that star minister and former astronaut Pedro Duque used a legal entity to pay lower his tax bill.
EU Elections 2019 28-09-2018

Dijsselbloem: ‘Come back to politics? Maybe in my next life’

Former Eurogroup president and Dutch Finance minister Jeroen Dijsselbloem has ruled out a return to politics as a member of the progressive platform set up by French President Emmanuel Macron, although he supports the movement.
Economy & Jobs 27-09-2018

Medical devices emerge as low-hanging fruit in EU-US trade talks

Medical devices came up as one of the first issues EU and US representatives discussed as part of fresh talks to improve the trade relations, European Commission Vice-President Jyrki Katainen told EURACTIV.
Competition 19-09-2018

McDonald’s tax deal with Luxembourg ‘not illegal’, Commission says

The European Commission concluded on Wednesday (19 September) that Luxembourg’s tax deal with McDonald’s was not illegal state aid as it did not give the company an unfair advantage, but instead was due to the “mismatch” of US and Luxembourgish tax laws.
Economy & Jobs 18-09-2018

EU proposes to sanction countries breaching WTO rules

The European Commission on Tuesday (18 September) proposed sanctions on countries that commit “willful and repeated” obfuscation of their trade policies, as part of an effort to modernise the World Trade Organisation.
Economy & Jobs 14-09-2018

The unfinished work to avoid another Lehman Brothers

In the ten years that have passed since the fall of Lehman Brothers, Europe has improved its banking regulation but the financial system remains vulnerable. Europe commemorates the tenth anniversary with a solid growth. But experts consulted by EURACTIV.com warn...
Economy & Jobs 13-09-2018

Ross cancels meeting with member states due to hurricane Florence

US Secretary of Commerce Wilbur Ross cancelled a meeting with member states’ permanent representatives on Thursday (13 September) to discuss EU-US trade talks as he returned back to the US due to hurricane Florence.
Future EU 12-09-2018

Juncker to propose breaking dollar’s dominance in global markets

European Commission President Jean-Claude Juncker is expected to propose today (12 September) a bigger role for the euro in international markets and more efficient decision-making in EU foreign policy in his state of the union speech, European diplomats said.
EU Elections 2019 11-09-2018

Tsipras urges ‘progressives’ to join forces against neoliberalism and populism

Greek Prime minister Alexis Tsipras told progressive and pro-European parties on Tuesday (11 September) to join forces against “extreme” neoliberalism and far-right populism, whose discourse has become dominant within conservative forces.
Economy & Jobs 10-09-2018

EU-US expect early results in trade talks to ease tensions

The EU and US will ratchet up their contacts in the coming weeks in order to improve cooperation on trade and head off risks of an escalation in the ongoing dispute.

EU admits anti-money laundering rules inefficient, prepares for improved supervision

As recent scandals proved that the new anti-money legislation falls short of monitoring financial flows, the EU is leaning toward stepping up the supervision and enforcement of its rules.