Banking union

EU banking regulator: ‘No green economy if we encourage banks to be insolvent’

Europe wants to use all the tools available to transit toward a 'green' economy. But ‘green’ lending should not be incentivised by easing capital requirements for banks, the European Banking Authority chief, Jose Manuel Campa, told EURACTIV in an exclusive interview.
Economy & Jobs 04-12-2019

Ministers set to advance Eurozone reform amid political turmoil in Italy and Germany

EU ministers gather Wednesday (4 December) in a bid to chart progress on the Eurozone reform ahead of the EU Council summit next week. However, recent political developments in Rome and Berlin may hinder talks on the matter.
Economy & Jobs 03-12-2019

Italy’s Conte rebukes opposition as debate over ESM reform heats up

Italian prime minister Giuseppe Conte called upon the right-wing opposition to act responsibly in talks over the reform of the eurozone bailout fund, the European Stability Mechanism (ESM).
08-11-2019

German plan brings ‘new impetus’ to banking union, Eurogroup says

Finance ministers on Thursday (7 November) welcomed a German initiative to unblock proposals for a common bank deposit guarantee scheme in the eurozone, but questioned Berlin's request to ask additional capital buffers in return for banks holding sovereign debt.
07-11-2019

Scholz’s proposal to complete EU banking union greeted with cautious optimism 

European decision makers welcomed on Wednesday (6 November) German finance minister Olaf Scholz’s attempt to unlock the European Deposit Insurance Scheme (EDIS) proposal, but warned of the long process still ahead to reach an agreement.
Energy 07-10-2019

Will Germany block EIB plans to ditch natural gas?

The European Investment Bank wants to purge its loan books of fossil fuels, including natural gas, by 2020. Although the Bank's final decision is expected to be delivered on 15 October, resistance, especially from Germany, is brewing. EURACTIV Germany reports.
Economy & Jobs 26-07-2019

Unconventional measures are seeing a comeback at the ECB

The ECB's key interest rate remains at zero and is expected to be at that rate at least until summer 2020. However, ECB chief Mario Draghi is suggesting that a decisive fiscal policy is far more important for the eurozone, especially for Germany and Italy. EURACTIV Germany reports.
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.
EU Elections 2019 03-07-2019

Christine Lagarde, a non-conventional pick for the ECB presidency

A lawyer by training, Christine Lagarde has been nominated to succeed Mario Draghi as president of the European Central Banck (ECB). The IMF director has an atypical profile, due to her lack of banking experience and question marks over her past. EURACTIV France reports.
Economy & Jobs 21-06-2019

Divided EU to urge return to talks on eurozone integration

European Union leaders will urge finance ministers on Friday (21 June) to keep working on deeper euro zone integration as flagship ideas such as a euro zone budget or a deposit guarantee scheme either lack key elements or have not progressed at all.
Economy & Jobs 14-06-2019

No agreement on euro budgetary tool- ministers send ‘hot potato’ back to leaders  

EU finance ministers failed to reach an agreement in the early hours of Friday (14 June) on an anti-shock instrument to shield the euro, as they continued to clash over almost every feature on the agenda, including the source of funding.
Economy & Jobs 13-06-2019

Eurogroup to nudge forward EMU reform before next week’s EU summit

EU finance ministers will try to close a deal on deepening the Economic and Monetary Union, including a tentative new budget for the eurozone, during the Eurogroup meeting on Thursday (13 June) in an inclusive format. 

Leak: These are the five priorities for the next finance Commissioner

A new strategy for the capital markets union, fintech, financial stability, sustainable economy and Brexit are the priorities listed for the next financial services commissioner, according to the memo drafted by European Commission officials and seen by EURACTIV.com.
EU Elections 2019 23-05-2019

EU elections 2019: This is what the parties want for our economy

A new industrial policy for Europe, more support for small-and-medium sized enterprises (SMEs), and improved tax policy are common priorities of the European political families for the next mandate, while a review of the ECB mandate is also included in the manifestos of many parties for the EU elections.
Economy & Jobs 07-05-2019

Austrian chief economist: ‘A lot can still be done to complete the euro zone’

The Austrian national bank (OeNB) hosted its annual conference on 20 years of the euro on 2 and 3 May. In an interview with EURACTIV, the bank's chief economist explains how the euro zone debt crisis changed the economic "tool box" of the EU currency and spells out the challenges ahead.
18-04-2019

EU states force clearing of Estonian, Danish regulators over Danske Bank

National banking supervisors who control the EU banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday (17 April).
Brexit 02-04-2019

Dombrovskis warns of ‘disruptions’ in case of disorderly Brexit

European Commission Vice-President Valdis Dombrovskis warned on Tuesday (2 April) that UK’s disorderly departure from the EU could cause “disruptions” following decades of financial integration and bring volatility to markets and business operations.
29-03-2019

Lagarde urges European leaders to agree on common guarantee for savings

The Managing Director of the International Monetary Fund, Christine Lagarde, called on eurozone leaders on Thursday (28 March) to complete the banking union by reaching an agreement on the European Deposit Insurance Scheme (EDIS).
Brexit 27-03-2019

Brexit ‘not imminent risk to financial stability’, says bank watchdog 

Despite the volatility that would trigger the UK’s departure from the EU, Brexit does not represent an “imminent risk” to financial stability, according to Single Resolution Board President Elke König.
11-02-2019

Italy’s populist leaders pledge to replace central bank’s top brass

Italy's populist leaders on Saturday (9 February) promised to replace top officials at the country's central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings.
05-02-2019

Deutsche Bank goes on the defensive in hearing with EU lawmakers

Deutsche Bank's chief anti-financial crime officer dodged questions from exasperated MEPs during a European Parliament hearing on Monday (4 February), amid reports of the German lender's involvement in a major money laundering case. 
Economy & Jobs 22-01-2019

Eurogroup kick off race for ECB chief economist, Ireland’s Lane puts name forward

Ireland presented Philip Lane’s candidacy as chief economist at the European Central Bank on Monday (21 January), as the Eurogroup opened calls for nominations in a relaxed first session of the year. 
Economy & Jobs 07-01-2019

20 years of the euro: An imperfect success story

The single currency, which was officially launched on 1 January 1999, has performed its role of shielding against crises and stabilising prices. However, the insufficient convergence of the eurozone’s economies shows the fragility of this incomplete construction. EURACTIV France’s media partner La Tribune reports.
18-12-2018

EU lawmakers agree on a backstop for non-performing loans

European banks will have to foresee a "prudential backstop" to cover for potential non-performing loans (NPLs), the European Parliament and the Council agreed on Tuesday (18 December).

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