Economic governance

Economy & Jobs 13-12-2019

Conte buys Italy’s government more time over eurozone bailout fund

Italy's prime minister Giuseppe Conte claimed victory on Friday (13 December), after changing the wording of the Euro summit's conclusion postponing a final agreement on the reform of the eurozone bailout fund.
13-12-2019

Costa and Centeno clash over euro budgetary instrument 

Tensions between Portuguese prime minister, Antonio Costa, and his finance minister and Eurogroup president, Mario Centeno erupted in front of EU leaders on Friday (13 December) as the two clashed over the design of the eurozone budgetary instrument .
Economy & Jobs 13-12-2019

ECB to embark on soul-searching process in 2020 

The European Central Bank will next year review its tools and objectives in order to better fulfil its mandate of price stability, and it also intends to assess the appropriateness of issuing its own digital currency, in the face of growing concerns about Facebook’s Libra.
Economy & Jobs 09-12-2019

Inflation, climate, jargon: ECB launches major review

The European Central Bank's new president Christine Lagarde has announced that the Frankfurt-based institute will soon undertake a strategic review, its first since 2003.
Economy & Jobs 03-12-2019

ECB to review its mandate with ‘open mind’, Lagarde says

The European Central Bank (ECB) will embark on a strategic review of its mandate and instruments to achieve its inflation target of 2% with an “open mind”, its president Christine Lagarde said on Monday (2 December).
21-11-2019

EU concerned over France, Italy and Spain debts

Reduction of public debt should be the main priority for France, Italy, and Spain, which have "failed to put their finances in order" during the economic upswing of recent years, the European Commission warned on Wednesday (20 November) at the presentation of the autumn fiscal package.
Economy & Jobs 19-11-2019

Merkel ignores calls for bigger fiscal stimulus

German chancellor Angela Merkel resisted calls to increase public spending as pressure continues to grow from her country and abroad to avoid the austerity that worsened the euro crisis.
Economy & Jobs 12-11-2019

European banks face massive capital raising in challenging times

Europe will “faithfully” implement new international standards that will force its banks, struggling to regain investor trust, to raise around €135 billion in additional capital to face future crises, the European Commission said on Tuesday (12 November).
Economy & Jobs 07-11-2019

As economy slows, Commission tells member states to be ready for ‘all scenarios’

EU member states should be prepared for “all scenarios” as the European economy continues to decelerate, and is not expected to pick up in the near future, the European Commission warned in its latest economic forecast published on Thursday (7 November).
05-11-2019

Amid Brexit and trade wars, European industry faces economic gloom

The eurozone's manufacturing sector contracted for the ninth consecutive month in October, based on the latest Purchasing Managers' Index (PMI) calculated by the Markit firm. EURACTIV's partner La Tribune reports.
Klaus Regling, CEO of the European Stability Mechanism, at the Eurogroup, 19 June 2014 [Photo: Council of the EU]
Economy & Jobs 30-10-2019

Eurozone equipped to save big economies, says euro rescue fund chief

The European Stability Mechanism, the euro area’s rescue fund, would have enough firepower to save large economies if necessary, including Italy, the fund’s chief Klaus Regling said on Tuesday (29 October).
Economy & Jobs 29-10-2019

Draghi attempts to heal divided ECB in farewell speech

Departing ECB president Mario Draghi tried to restore unity among eurozone central bankers  in his farewell speech on Monday (28 October) but he continued to defend his recent controversial monetary decisions.
Economy & Jobs 24-10-2019

Draghi’s farewell demand: the eurozone budget

Outgoing European Central Bank President Mario Draghi stressed in his farewell press conference on Thursday (24 October) that a truly eurozone budget “with an adequate size" would be the number one issue to fix in the eurozone. 
Economy & Jobs 24-10-2019

EU grandees send Draghi to ‘euro pantheon’

European Central Bank President Mario Draghi chairs his last governing council on 24 October, before Christine Lagarde takes over on 1 November. EURACTIV contacted eight politicians, decision-makers and analysts from different countries to review Draghi's eight-year mandate at the ECB.
22-10-2019

Commission tells member states to adjust their economies further

The European Commission is putting the final touches to a number of letters to various national governments that are at risk of missing their fiscal targets for 2020. Brussels wants more information on how they intend to to balance their public finances.
Economy & Jobs 10-10-2019

Eurozone sharpens up new anti-shock fund

Finance ministers of the 19-member euro area reached agreement late on Wednesday (9 October) on the details of a "budgetary instrument" for the eurozone, including stronger measures to support countries hit by a sudden economic shock.
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 04-10-2019

Gentiloni wins broad approval with ‘ambitious’ EU economic and social agenda

Paolo Gentiloni won the European Parliament's approval on Thursday (3 October) to become EU Commissioner for the Economy, with ambitious plans to unblock tax proposals and to design the European unemployment reinsurance  scheme.
24-09-2019

French business expansion slows amid sluggish eurozone

France's private sector is growing at a slower rate and has reached the lowest level in the past four months, according to forecasts published by IHS Markit on Monday (23 September). For the eurozone, business expansion fell to the lowest level since June 2013. EURACTIV's partner La Tribune reports.
Economy & Jobs 24-09-2019

Draghi calls for euro budget in farewell to MEPs

ECB President Mario Draghi urged EU co-legislators on Monday (23 September) to set up a fiscal capacity to counter eurozone’s economic shocks, as he warned of the worsening economic outlook in his farewell debate with MEPs.
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 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.
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.
12-09-2019

All signs point towards recession in Germany

The ifo Institute for Economic Research has lowered its forecast for Germany's economic growth for 2019 and 2020. Instead of the previously predicted 0.6%, the institute now expects a 0.5% growth rate for 2019. A potential hard Brexit and escalation of trade wars with the US were not taken into account. EURACTIV Germany reports.

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