EMU

Eurozone sharpens up new anti-shock fund

Economy & Jobs 10-10-2019

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.

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.
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.
Agrifood 12-09-2019

Poland and Germany call for swift negotiations to conclude EU budget

Germany and Poland are pressing for EU budget negotiations to be concluded as quickly as possible. For Poland, the primary beneficiary of the EU's cohesion policy, there is a great deal at stake. Germany hopes the negotiations will finish before it takes over the EU presidency next July. EURACTIV Germany reports.
Economic governance 12-09-2019

The seven-point recipe to improve EU’s messy fiscal rules

The European Fiscal Board has recommended major reform of the Stability and Growth Pact in order to simplify the EU’s spending rules and favour productive investment in the era of low-interest rates.
Competition 11-09-2019

A new team to defend Europe’s economic sovereignty

Achieving a “more assertive” Europe that can improve its competitiveness and sovereignty in an increasingly hostile world. These are the main guidelines of President-elect Ursula von der Leyen to the new College of Commissioners, unveiled on Tuesday (10 September).
Economy & Jobs 04-09-2019

Lagarde pledges to continue with Draghi’s loose monetary stance

Christine Lagarde promised on Wednesday (4 September) to respond with “agility” to the looming financial and economic turbulences once she becomes the president of the European Central Bank in November, while confirming that the current loose monetary stance will continue for a “long period of time.”
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.
Banking union 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.
Economy & Jobs 25-07-2019

Spain obstructs agreement on ‘Tobin tax’

Revenue sharing among member states appears as the main outstanding issue to reach an agreement on the financial transaction tax (FTT), as Spain is still opposing the mutualisation of the resources, European officials told EURACTIV.
Economy & Jobs 24-07-2019

Five things to know about the new pot to support EU economies

The European Commission will play a key role in deciding what reforms and investments are supported by a new financial instrument expected to be in place in 2021, whose amount is yet to be decided by the member states as part of the negotiations on the EU's long-term budget (MFF).
Economy & Jobs 18-07-2019

Cables reveal how Britain tried to turn France against the euro in the 1990s

British diplomats tried to establish a "very private link" with former French president Jacques Chirac with the "unavowed aim" of exposing him to the risks of a European currency union, declassified documents revealed Thursday (17 July).
Economy & Jobs 10-07-2019

Commission’s forecast paves the way for new ECB stimulus

The European Commission kept its growth forecast unchanged at 1.2% on Wednesday (10 July) but revised downwards inflation to 1.3% for this year and the next, strengthening the case for further monetary stimulus as global economic risks worsen.
Economic governance 08-07-2019

Europeans tell Germany to spend more to boost euro economy

European ministers and institutions told Germany on Monday (8 July) to increase public spending in order to support the ailing growth in the eurozone, as decision-makers and investors see a growing risk of recession looming on the horizon.
Economy & Jobs 04-07-2019

Italy escapes EU budget sanction procedure after spending cuts

The European Commission concluded on Wednesday (3 July) that Italy was no longer breaching the EU’s fiscal rules after the government reduced public spending by €7.6 billion in a last-minute effort to escape a sanction procedure.
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 27-06-2019

Finland softens opposition to eurozone budget as it takes over EU Presidency

On the eve of assuming the EU's rotating presidency, the new centre-left Prime Minister of Finland, Antti Rinne, accepted on Wednesday (26 June) the possibility of a “small” eurozone budget to support investments, as long as it remains part of the EU’s long-term spending plans.
Economy & Jobs 21-06-2019

Stabilisation mechanism in induced coma after EU leaders’ meeting

EU leaders failed to inject further ambition to a Eurogroup deal on watered-down reforms of the Economic and Monetary Union, including a budgetary instrument for the eurozone, at the Euro summit on Friday (21 June). 
EU Elections 2019 21-06-2019

Rutte: ‘I will never support stabilisation mechanisms at euro level’

In an exclusive interview with EURACTIV.com after the European Council, Dutch Prime Minister, Mark Rutte, said on Friday (21 June) that he "will never support" new budgetary instruments to stabilise the euro area if an economic shock hits the region.
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.
Economic governance 14-06-2019

Finance ministers press Italy to stick to EU fiscal rules

EU finance ministers told the Italian government on Thursday (13 June) to meet its fiscal obligations in order to reduce its high debt, with the European Commission insisting on “substantial corrections” to rein in public spending.

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