Euro & Finance

Economy & Jobs 16-03-2018

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.
Economy & Jobs 15-03-2018

A specific Brexit finance deal benefits the EU

By not embracing the UK financial sector in a future trade deal, the EU might chase global capital markets away from Europe. The idea that Europe will win by keeping London at arm’s length is naïve at best, writes Georges Ugeux.
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.
Economy & Jobs 14-03-2018

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.
Economy & Jobs 14-03-2018

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).
Economy & Jobs 14-03-2018

Europe’s reform push faces reality check

The impulse to bolster the eurozone, sparked by Emmanuel Macron’s victory in France almost one year ago, is losing its vigour as political instability persists and a group of countries have solidified their opposition to bold changes.
Economy & Jobs 12-03-2018

Romania’s ruling party congress votes to join euro in 2024

Romania's ruling Social Democrats (PSD), in power for a year, voted at an extraordinary congress on Saturday to back a 2024 target date to adopt the euro currency.
Economy & Jobs 09-03-2018

Commission levels up France on economic imbalances

The Commission highlights the progress of French competitiveness but also points out structural issues in the French economy. reports.

Europe takes first step toward clarifying booming ‘green’ finance

The European Commission unveiled on Thursday (8 March) its highly expected action plan on sustainable finance, aiming to clarify what can be labelled as "green" investment and potentially lowering capital requirements on asset holders.
Economic governance 07-03-2018

Commission passes the ball on sovereign debt rules

European Commission Vice-President Valdis Dombrovskis said on Wednesday (7 March) that he does not intend to amend the regulatory treatment of sovereign debt held by banks following inconclusive discussions at international level.
Economy & Jobs 06-03-2018

Eurogroup chief: ‘I see enormous potential in Greece’

Greece has enormous potential and is getting ready to stand on its own feet when it exits its EU bailout in August, Eurogroup leader Mario Centeno told's media partner Athens-Macedonian News Agency (ANA) in an interview.  
Future EU 06-03-2018

Eight northern EU states urge caution in eurozone reforms

Eight northern European countries said today (6 March) that euro zone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.