Euro & Finance

Europe’s central banks jack up interest rates to fight inflation surge

Economy & Jobs 16-06-2022

Central banks across Europe raised interest rates on Thursday (16 June), some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits.

Economy & Jobs 16-06-2022

Market meltdown lays bare Europe’s divisions

A markets sell-off has brought back memories of the eurozone debt crisis more than a decade ago, highlighting divisions that have plagued the currency bloc's efforts to forge a closer bond.
Economy & Jobs 16-06-2022

ECB pledges new crisis tool as EU debt crisis threatens comeback

The European Central Bank promised fresh support for the bloc's indebted southern rim on Wednesday (15 June), tempering a market rout that threatened a repeat of the debt crisis that almost brought down the single currency a decade ago.
Economy & Jobs 10-06-2022

ECB gears up for ‘series’ of rate hikes to fight inflation

The European Central Bank on Thursday (9 June) ended its bond-buying stimulus and unveiled plans for a series of interest rate hikes from July, the first in more than a decade, to combat soaring inflation. The keenly-awaited announcements bring down...
Economy & Jobs 09-06-2022

With inflation on rise, ECB readies tougher action

The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday (9 June), as concerns over the accelerating pace of inflation in the eurozone grip policymakers.
Economy & Jobs 06-06-2022

Record inflation hot topic ahead of French legislative elections

Record inflation and sluggish growth threatening the purchasing power of the French are at the heart of the political debate as elections just a few more days to go before the country goes to the polls on 12 and 19 June. EURACTIV France reports.
Economy & Jobs 03-06-2022

Bulgaria’s eurozone accession debate split along Macedonian veto lines

Bulgaria's four-party ruling coalition is not united on the issue of the country's accession to the eurozone in early 2024, splitting along the same lines as with the unrelated issue of vetoing the start of neighbouring North Macedonia's EU accession talks.
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Economy & Jobs 02-06-2022

Innovation in Europe – From public investment programmes to private capital markets

It is a self-evident truth that no modern economy can survive without a sufficient level of innovation. But the challenges our continent faces, from climate transition to the war on Ukraine, have made the solutions offered by technological advances more necessary than ever.
Economy & Jobs 02-06-2022

Bringing a gun to trade negotiations

The chair of the European Parliament's trade committee Bernd Lange argues that the EU needs more defensive instruments to safeguard its trade interests in an environment where multilateral trade rules are not respected.
Economy & Jobs 02-06-2022

Commission gives Croatia go-ahead for 2023 euro adoption

Croatia fulfils all economic criteria to join the euro area in January 2023 despite rising inflation, according to the EU Commission’s biannual convergence report, published on Wednesday (1 June)
Economy & Jobs 01-06-2022

Sovereign debt level causes new political headache in France

While the European Central Bank (ECB) suggests that an increase in interest rates is no longer a taboo subject, the issue of reducing public debt is back on the French political agenda.
Economy & Jobs 31-05-2022

French financial sector sees ‘return to normal’ says bank governor

France's insurance sector is growing again while banks have seen a "return to normal" after the COVID-19 crisis, the governor of the Bank of France, François Villeroy de Galhau,  said on Monday (30 May).
Economy & Jobs 31-05-2022

EU leaders agree to support Ukraine financially, but postpone details

European leaders at the EU summit in Brussels on the night of 30-31 May agreed on €9 billion in macro-financial support for Ukraine and committed themselves to help finance Ukraine's reconstruction, but they postponed decisions on the nature of the support and how it should be funded.
Economy & Jobs 30-05-2022

Industry employers’ boss: Companies cannot raise wages to offset inflation

Pushed by record-high energy prices, year-on-year inflation reached 7.4% in April of this year for the euro area. This is squeezing industrial companies in Europe, according to the president of Ceemet, a European tech and industry employers’ organisation.
Economy & Jobs 24-05-2022

Mixed reactions to suspension of EU fiscal rules

While EU finance ministers meeting in Brussels on Monday (23 May) discussed the pros and cons of the EU Commission’s proposal to keep the EU’s fiscal rules suspended for another year, civil society organisations used the opportunity to question the fiscal rules more fundamentally.
Economy & Jobs 23-05-2022

EU fiscal rules to be suspended for another year

Reacting to the economic consequences of the Russian invasion of Ukraine, the European Commission postponed the renewed enforcement of its fiscal rules by a year, to 2024.
Economy & Jobs 23-05-2022

The bankers of the social economy

From the EU Commission to the European Investment Fund, banks and venture capitalists, and then social enterprises, money changes hands many times before reaching its final destination.
Economy & Jobs 20-05-2022

EU to extend budget rule suspension because of Ukraine war

Rules against overspending by EU governments will remain suspended through 2023, extending a pandemic-era reprieve because of the war in Ukraine, sources said on Thursday (19 May).
Economy & Jobs 20-05-2022

Former economy minister: Ukraine needs grants, not loans

In an interview with EURACTIV, the former Ukrainian economy minister and current advisor to President Volodymyr Zelenskyy, Tymofiy Mylovanov welcomed EU help but called for the use of grants instead of loans since an over-indebted Ukraine would scare off private investors and make reconstruction more difficult.
Economy & Jobs 13-05-2022

EU Commission proposes tax cut to incentivise equity investments

As most corporate tax systems in the EU currently prefer debt financing over equity and EU companies are highly indebted, the EU Commission proposed the introduction of a tax allowance that should incentivise the accrual of new equity rather than debt.
Economy & Jobs 11-05-2022

State of play in social economy finance in the EU

Trying to push the social economy as a flourishing sector of the economy, the EU is using a variety of ways to overcome the tension at the heart of the social economy: How do you attract money to a sector that defines itself as not being about the money?
Economy & Jobs 09-05-2022

How Portugal became Europe’s accidental ‘bitcoin heaven’

As governments slowly shackle the crypto industry with regulations and obligations, Portugal is increasingly isolated in Europe -- a place with few rules that investors describe as a crypto paradise.
Economy & Jobs 04-05-2022

EU body sets out draft sustainability disclosure standards

Companies will have to set a much broader range of sustainability targets under draft new European Union reporting standards, environmental impact body CDP said on Tuesday (3 May).
Economy & Jobs 29-04-2022

Obstacles on the way to green capital markets

Recent studies suggest that much needs to be done in the EU if private capital markets are to play a role in financing the green transition.
Economy & Jobs 29-04-2022

German inflation hits 40-year record, fuelled by high energy prices

Inflation in Germany rose at its fastest pace in four decades, data published Thursday (28 April) showed, as Russia's invasion of Ukraine pushed up energy prices.