Euro & Finance

Economy & Jobs 21-07-2021

EU to tighten rules on cryptoasset transfers

Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday (20 July) in the latest efforts to tighten regulation of the sector.
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Economy & Jobs 20-07-2021

Private Equity is private & Public Markets are public… and never the twain shall meet?

For some time a misplaced false dichotomy has been going around as part of the narrative of the ecosystem in capital markets. According to this, private equity fund managers should be in opposition to the well-functioning of the public markets....
Economy & Jobs 08-07-2021

Amid Delta scare, EU forecasts higher growth in eurozone

The eurozone economy will grow faster than previously thought both this year and next, the European Commission said on Wednesday (7 July), despite emerging concerns the fast-spreading Delta variant of the coronavirus could lead to new restrictions.
Economy & Jobs 08-07-2021

EU to propose Anti-Money Laundering Authority

The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed as the bloc responds to calls for tougher action to fight dirty money.
Economic governance 02-07-2021

Revamping fiscal rules requires a new understanding on debt sustainability

It is necessary to reform the European Union’s flawed macroeconomic architecture as the post-pandemic world demands a new fiscal rulebook to boost our economies, argues Margarida Marques.
Economy & Jobs 30-06-2021

Lagarde makes a case for ‘green’ capital markets union 

The President of the European Central Bank, Christine Lagarde, on Wednesday (29 June) called for initiatives to create a capital markets union for sustainable finance.

Portugal: Improve EU single market for post-pandemic recovery

Portuguese Economy Minister Pedro Siza Vieira has said that the European Union's single market is still an "incomplete construction" with "barriers to be eliminated" but that steps to make it function better should be a foundation of the post-pandemic economic recovery.
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Economy & Jobs 25-06-2021

How private equity creates jobs and a brighter future

Private equity is an essential part of the solid foundation on which the European economy is built and its society flourishes. It is an engine for growth, and that growth is an engine for job creation. From food and clothing...
Economy & Jobs 21-06-2021

A fairer playing field for businesses and consumers

The EU's new VAT regime will create rules fit for the digital age and benefit businesses and consumers, writes Gerassimos Thomas.
Economy & Jobs 18-06-2021

Europeans struggle for unity on global tax drive

EU finance ministers worked Thursday (17 June) to find European unity on striking an international deal on taxation, with low-tax countries Ireland and Hungary needing cajoling to stay on board.
Economy & Jobs 17-06-2021

Euro fiscal watchdog endorses suspension of Stability Pact in 2022

The European Fiscal Board supported on Wednesday (16 June) maintaining the suspension of the Stability and Growth Pact throughout next year but called for reinstalling a revised set of fiscal rules from 2023 to minimise risks.
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Economy & Jobs 16-06-2021

Thinking about investing in Portugal? Think again.

In 2017, a coalition of institutional investors, including Pimco and Blackrock, boycotted an issuance of Portuguese bonds to protest the risks associated with actively investing in Portuguese public or private debt “as the Banco de Portugal still has not addressed...
Economy & Jobs 16-06-2021

Commission convinces markets with first issuance of recovery bonds

The European Commission raised €20 billion in the markets on Tuesday (15 June) to start financing the EU’s €800 billion recovery fund, beating its expectations for the planned monthly bond sale.
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Economy & Jobs 16-06-2021

The truth behind BES and Novo Banco!

If the EU wishes to borrow in the financial markets, it must first demonstrate to international institutional investors that it will treat them fairly and equitably.
Economy & Jobs 14-06-2021

The new kid on the EU bond block

The European Union is set to become the continent’s largest supranational bond issuer within the next five years as a result of its SURE and NextGeneration programmes, aimed at helping the bloc’s economies recover from the damage caused by the COVID–19 pandemic.
Economy & Jobs 14-06-2021

Portugal investors demand bank bond money back or will boycott European fund

A group of international institutional investors coordinated by the Attestor Capital fund, on the hook for €2 billion in the Banco Espírito Santo case, want the European Commission to settle the case, warning that otherwise, they will not fund the post-pandemic economic recovery.

EU’s building renovation wave hits administrative snag

Differing views within the European Commission on how the EU's unprecedented recovery fund can be spent, and a rush to translate national spending plans from their original language, risk slowing down the EU's building renovation wave, experts say.
Economy & Jobs 09-06-2021

Brussels opens case against Germany over primacy of EU law

The European Commission on Wednesday (9 June) launched a case against Germany to assert the primacy of EU law over rulings from its national constitutional court.

G7 agree on ‘historic steps’ to make climate reporting mandatory

The UK's Chancellor of the Exchequer, Rishi Sunak, met with finance ministers in London this weekend, with discussions leading to a historic agreement that G7 nations will mandate climate reporting in line with the recommendations of the global Taskforce on Climate-related Financial Disclosures (TCFD). EURACTIV's media partner edie.net reports.
Economy & Jobs 03-06-2021

The Brief, powered by UNESDA – Europe’s debt disciple raises the alarm

“Borrowing in times of crisis to stabilise the economy makes sense, as long as the question of repayment is not forgotten.” So says Bundestag president and former German finance minister Wolfgang Schäuble, a welcome, if unlikely, convert to Keynesian economics.

MEPs fear ‘green-washing’ in EU recovery plans

The Greens group in European Parliament on Wednesday (2 June) warned that national spending plans by EU member states were falling short of commitments to help reverse climate change that is at heart of the bloc's massive recovery fund.
Economy & Jobs 03-06-2021

Dombrovskis: ‘We are quite satisfied with the recovery plans submitted’

The EU’s framework to coordinate national economies this year has been shaped by the recovery and resilience plans. The Commission’s executive vice-president for economy, Valdis Dombrovskis, told a group of media including EURACTIV that overall, the EU executive is satisfied with the recovery plans submitted by 23 member states.
Economy & Jobs 02-06-2021

EU Commission to borrow €80bn in 2021 to finance recovery

The European Commission is set to borrow about €80 billion ($97.76 billion) this year in long-term bonds to finance the European Union's plan for economic revival after the pandemic, the EU executive said on Tuesday (1 June).
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Economy & Jobs 01-06-2021

Private equity industry ready to finance recovery

Europe’s private equity industry stands ready to finance the recovery and contribute toward climate neutrality and digital leadership. Eric de Montgolfier is the CEO of Invest Europe.  How has your industry been coping with this health and economic crisis? With...