Economy & Jobs


OECD report stokes last-minute criticism of EU digital tax plan

The OECD warned on Friday (16 March) against the European Commission’s plan to propose a new tax next week targeting digital companies, arguing that it may cause economic distortion and raise business costs.

Germany breaks ranks with rush White House meeting on tariffs

The new German Economy Minister Peter Altmaier will meet with senior US officials on Monday and Tuesday (19-20 March) to discuss the Trump administration's tariffs on steel and aluminium shortly before EU Commissioner Cecilia Malmström arrives in Washington, officials confirmed to EURACTIV.
Global Europe 16-03-2018

Russia’s economy : still dependent on oil

After two years of recession caused by lower oil prices and western sanctions, Russia’s recovery benefits Vladimir Putin who is seeking a new term of office.  However this improvement won’t last long without a structural reform. reports.
Digital 16-03-2018

EU ready to hit big US tech firms with 3% turnover tax

Large digital companies with significant revenues in the European Union such as Google and Facebook could face a 3% tax on their turnover under a draft proposal by the European Commission.

EU conflict minerals bill still three years from becoming reality

Nearly a year after being signed off by MEPs and ministers, the EU’s long-awaited conflict minerals law is still three years from going live.
Agrifood 15-03-2018

EU farm support does not distort trade, Commission tells Washington

The EU financial support to farmers, including to Spanish olive producers, does not distort trade, European Commission sources told in light of the rising tensions between Brussels and the US government over trade.  

‘Secret’ tax deals with multinationals soar despite scandals

Despite the uproar following the publication of ‘sweetheart’ deals signed between member states and corporations, countries signed 2053 ‘secret’ unilateral tax agreements with companies in 2016, an increase of 64% compared to the previous year.

Regions back bigger EU budget, with ‘cohesion for all’

European regions support the idea of an ambitious EU budget with new own recourses and increase of the member states’ contribution, in line with a recent European Parliament report on the future of the EU finances.
Banking union 14-03-2018

EU requests more capital to banks to cover for ‘bad loans’

The European Commission on Wednesday (14 March) proposed new measures requesting banks to raise more capital against loans turning ‘toxic’ and to develop a European market to sell ‘bad loans’ weighing down their books.

MEPs voted to boost EU budget to 1.3% GDP

The European Parliament backed on Wednesday (14 March) an ambitious reform the EU budget, calling for an increase to 1.3% of GDP to fund new priorities and transform farming and cohesion policies.

MEPs back De Guindos for ECB post by narrow margin

The European Parliament approved the appointment of Spain’s former minister of Economy Luis de Guindos as ECB vice-president but sent a warning signal to the member states to improve the nomination process.

Portuguese PM: eurozone needs fiscal leg for stability, growth

The eurozone will never reach its full potential and may face a new crisis in the future without a fiscal capacity, Portugal's Prime Minister Antonio Costa told the European Parliament on Wednesday (14 March).