Economy & Jobs Archives

French President Emmanuel Macron presented a massive investment plan, “France 2030”, on Tuesday (12 October). Backed by €30 billion, the plan will support innovation in flagship projects such as small-scale nuclear reactors and the first low-carbon aircraft.

The European Commission on Tuesday (12 Octobre) issued €12 billion worth of green bonds on financial markets to finance the green parts of its €800 billion coronavirus recovery fund. This represents the world’s largest green bond issuance to date.

Aspects of the global tax reform agreement which have largely gone unnoticed are likely to come in for closer scrutiny in national parliaments of EU countries and in the European Parliament where some pushback can be expected, writes Dick Roche.

Data-rigging allegations against IMF Managing Director Kristalina Georgieva were set to loom over the opening of week-long IMF-World Bank annual meetings on Monday (11 October) as the Fund's executive board failed to conclude its review after yet another marathon meeting.

More than 100 countries agreed on Friday (8 October) a reform of the international tax regime intended to make it fit for the digital age and respond to longstanding concerns about corporate tax evasion.

The European Commission will convene a ministerial meeting next year to promote trade as a way of reaching climate and environmental objectives in what could be the first step towards the creation of a “climate club” called for by Germany. “I …

Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday (7 October), agreeing to give up its prized 12.5% tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide.

EU lawmakers criticised the bloc's finance ministers on Wednesday afternoon (6 October) for their inaction against tax avoidance, in a debate devoted to the Pandora Papers, the latest leak of financial documents exposing malpractice and tax avoidance by the rich and powerful across the globe.

A leaked document, seen by EURACTIV, shows which economic and social policies the European Commission plans to pursue in 2022, with a focus on fairer taxation and further integration of EU capital markets.

Following a new massive leak of financial documents, the so-called Pandora Papers, EU lawmakers called for more action against money laundering and tax evasion and urged the bloc's finance ministers to review the blacklist of global offenders. However, the ministers chose to remove three countries from the list on Tuesday (5 October).

One of the more intriguing aspects of the negotiations on the OECD proposals to reform international corporate tax rules, which come up for decision this month, is the role played by the Biden administration, writes Dick Roche.

A massive leak of financial documents on Sunday (3 October) that allegedly ties 27 EU politicians and global figures including King Abdullah of Jordan, Czech Prime Minister Andrej Babis, and associates of Russian President Vladimir Putin to secret stores of wealth.

EU member states are insufficiently engaged in the regulations and funding that will promote clean technologies necessary to deliver on its climate ambitions. Now is the time to course correct, argue Peter Sweatman and Thomas Pellerin-Carlin.

Italian Prime Minister Mario Draghi unveiled an ambitious Italian budget for 2022-2024 last week, with deficits above the limits set by the Stability and Growth Pact, in what appears to be a bet on a change in the EU’s fiscal rulebook.

Euro zone finance ministers will discuss soaring energy prices on Monday (4 October), concerned they could slow economic recovery, impact on investment decisions and disproportionately hit the poorest, a European Commission note showed.

The EU is prepared to approve multi-billion-euro recovery plans for Hungary and Poland in the coming weeks, but with strict conditions attached, bloc officials said.

The General Court of the EU annulled on Wednesday (29 September) two agreements between the EU and Morocco that applied to Western Sahara, a territory occupied by Morocco. The court ruled in favour of the Polisario Front, which had filed …

The Greek government will incentivise small and medium-sized enterprises (SMEs) that are hard-hit by the pandemic to merge to ensure financing from the Recovery Fund, Greek finance minister Christos Staikouras told EURACTIV Greece in an exclusive interview.

The Hungarian government on Tuesday (28 September) condemned what it termed Brussels' "blackmail" over the allocation of EU funding as differences between the eastern member and the European Union institutions deepen.

The new EU-US Trade and Technology (TTC) is set to hold its first meeting in Pittsburgh on Wednesday (29 September), in the shadow of the submarine dispute between France and Washington, which had put the transatlantic relationship to the test.