Euro & Finance

Central Europe 24-05-2017

EU plans ‘offer you cannot refuse’ to future eurozone members

The European Commission aims to make adopting the euro more attractive to European Union members currently outside the currency bloc, Pierre Moscovici said yesterday (23 May), in a bid to make the Union more tight-knit after Britain's vote to leave.

Economy & Jobs 24-05-2017

Schäuble insists EU treaty change now is ‘unrealistic’

Germany's Finance Minister Wolfgang Schäuble said on Tuesday (23 May) that it is "unrealistic" to consider changing European treaties at this stage, calling instead for incremental steps by national governments to move EU integration forward in specific areas.

Economy & Jobs 23-05-2017

Frankfurt’s skyscraper jungle hopes to entice post-Brexit business

Frankfurt, the EU’s financial capital, is readying itself to welcome London’s banking business with a concrete jungle of skyscrapers once the United Kingdom leaves the bloc. EURACTIV’s partner Italia Oggi reports.

Elections 23-05-2017

Eurozone fails to reach Greece debt deal amid IMF row

Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece yesterday (22 May), as a row with the International Monetary Fund over debt relief dragged on.

Economic governance 23-05-2017

Moscovici: Italy, Portugal, Spain fiscal progress ‘good news’

Portugal, Italy and Spain became yesterday (22 May) illustrative examples of the new period Europe enjoys. The executive congratulated Lisbon and Madrid for turning their economies upside down, just one year after they became the first countries that breached the fiscal rules, while it gave its blessing to Rome’s adjustments, one of the eurozone’s troublemakers.

Economy & Jobs 22-05-2017

Building on Europe’s nascent recovery

The economic recovery has boosted business confidence in Europe and now the message is clear: businesses want strong cooperation and a new vision for the future of Europe.

Economy & Jobs 22-05-2017

Macron, Gentiloni vow to ‘revive’ Europe

French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni said in Paris yesterday (21 May) that they would work together to "revive" Europe as the French head of state called for "common budgetary capacity" and his host for "a fiscal and banking union".

Banking union 19-05-2017

Dombrovskis adds pressure to adopt deposit guarantee scheme

Amid persistent doubts over some pockets of the banking system, European Commission Vice-President Valdis Dombrovskis, urged reluctant member states to accept the EU proposal to set up a common deposit guarantee scheme.

Economy & Jobs 19-05-2017

Greek parliament approves more austerity to unlock bailout funds, debt relief

Greek lawmakers on Thursday (18 May) approved pension cuts and tax hikes sought by the country's lenders to unlock vital financial aid, as angry demonstrators protested outside parliament over new austerity, the latest since the country plunged into crisis seven years ago.

Economy & Jobs 17-05-2017

Immigration boosts Germany’s economy

Fear and anger aren't just election-winning tools in the United States. In Germany too, the increasing popularity of right-wing parties shows that fears about crime and job losses as a result of immigration are finding fertile ground. EURACTIV Germany reports.

Economy & Jobs 16-05-2017

Spain calls for deeper eurozone integration, pooled debt

Spain's conservative government has added its voice to calls for deeper integration in the eurozone, suggesting to Brussels in a paper that members of the bloc should pool some aspects of their debt management and share a budget to fight crisis shocks.

Brexit 15-05-2017

Boris Johnson claims EU will try and ‘bleed UK white’ with Brexit bill

British Foreign Secretary Boris Johnson insists that the European Union could end up paying a Brexit bill to Britain instead of the other way round. He also warned that Brussels will "play dirty" in the negotiations.

Economy & Jobs 15-05-2017

Greece slashes GDP forecast in new budget plans

The Greek government on Sunday (14 May) slashed its GDP growth forecast for 2017 as it moved towards submitting new austerity measures, including a wider tax net, for approval by lawmakers.

Economy & Jobs 15-05-2017

Sturgeon: Scotland wants to be EU member, but doesn’t want the euro

Scottish First Minister Nicola Sturgeon yesterday (14 May) said she would want Scotland to be a European Union member but not adopt the euro if it ever became independent.

Economy & Jobs 12-05-2017

Malta branded ‘Panama of Europe’ after anonymous tip-off

An anonymous tip has alerted German authorities to the existence of 70,000 offshore companies registered in Malta. Tax investigators now want to share that data with other countries. EURACTIV’s partner Italia Oggi reports.

Economy & Jobs 12-05-2017

G7 finance ministers in Italy try to gauge Trump’s policy plans

Finance chiefs from the G7 begin a two-day meeting in Italy today (12 May), with Europe, Japan and Canada hoping to come away with a clearer picture of US President Donald Trump's direction on important policies that he has yet to spell out.

Economy & Jobs 12-05-2017

EU to grow faster despite Brexit turmoil

The European Commission on Thursday (11 May) revised upwards its growth forecast for this year and the next, despite the difficult break-up negotiations expected between the EU and the UK, and the long list of challenges affecting the bloc.

Economy & Jobs 12-05-2017

Greek opposition rebukes Commission over praise for Tsipras government

Greece’s main opposition party, New Democracy, felt “surprised” on Wednesday (10 May) when European Commission Vice-President Andrus Ansip praised the Tsipras government for improvements it has made to the economy.

Health 11-05-2017

Don’t thwart an ally in the war on tobacco

Declining smoking rates in Europe mean less tax revenue for many fiscally strained governments. Trying to make up for these losses with a tax on e-cigarettes would be a big mistake, writes Alex Brill.

Economy & Jobs 10-05-2017

German parties joust over Macron’s euro plans

After cheering Emmanuel Macron's win over his far-right rival in the French presidential election, a row has broken out within German Chancellor Angela Merkel's coalition government over how to respond to his calls for closer European integration.

Economy & Jobs 10-05-2017

The CMU midterm review: How not to miss an opportunity

More often than not, the European Union is accused of overpromising and under delivering. That´s hardly the case in the Commission’s modest and pragmatic approach to the Capital Market Union (CMU). But as the midterm review of the financial flagship initiative nears, pragmatism is no excuse to miss an opportunity, writes Paul Tang.

Elections 09-05-2017

Macron’s four European priorities

Europe was the subject that most influenced Emmanuel Macron’s voters in France’s presidential election. Naturally, this places the EU at the top of the new president’s list of priorities. EURACTIV France reports.

Economy & Jobs 09-05-2017

Macron win bolsters European moves on globalisation, eurozone

The European Commission will consider additional actions to defend European investment abroad and will call for high level of social protection to minimise the negative consequences of global trade.

Economic governance 08-05-2017

Juncker warns Macron French spend too much money

European Commission chief Jean-Claude Juncker on Monday (8 May) called on France's incoming president Emmanuel Macron to cut public spending, saying its current policies involved too much money going to wrong things.