Designated ECB vice-president, Spain’s minister of Economy Luis de Guindos, said on Tuesday (20 February) that the existing expansionary monetary stance should be for “extraordinary times”, as he described the European recovery as solid.
Eurozone finance ministers chose Spanish Economy Minister Luis de Guindos to become the next vice-president of the European Central Bank (ECB), marking the return of Spain to top EU posts after the country lost its chair in the bank's Executive Council.
Investor and philanthropist George Soros held a private meeting with a senior ECB official last November to discuss eurozone integration, according to official documents published on Friday (16 February).
MEPs revived the race for the ECB vice-presidency this week and said they considered Ireland's central banker Philip Lane to be more convincing than the frontrunner, Spain's economic minister Luis de Guindos.
European Commissioner for Economic Affairs Pierre Moscovici said on Wednesday (7 February) he is not worried about the volatility seen in markets, as the Commission revised upwards its growth forecast to 2.3% this year and 2% in 2019, both for the eurozone and the EU as a whole.
Following the action plan on sustainable finance to be published early next month, the European Commission will present legislation in May to define what represents 'green' investment, EURACTIV has learned.
If central bankers were the ‘heroes’ of the post-financial crisis recovery, Mario Draghi shined among them. But the heel of Europe’s Achilles has been exposed so much that it could jeopardise what he set out to protect: the public good.
An EU sustainability taxonomy, a definition of priority investment areas, the clarification of investor duties and development of “official” European sustainability standards for green bonds are some of the recommendations experts made to the European Commission on Wednesday (31 January).
Optimism about the future of Europe and the outlook of the global system became dominant during the World Economic Forum that concluded last week, despite doubts about the integration process of the bloc and risks affecting the world economy remain.