Euro & Finance

Economy & Jobs 24-03-2017

Greece still mired in bailout due to lack of political consensus

In contrast with Cyprus, a lack of political will among Greece's political parties and appetite for cooperation has kept the country locked in a painful bailout programme, experts have warned. EURACTIV Greece reports.

Elections 24-03-2017

Italy’s Five Star keeps options open on euro referendum

The anti-establishment Five Star Movement, Italy's most popular political party, said yesterday (23 March) a referendum on the euro was not its top priority and that it hoped Europe would reform before a ballot could be arranged.

Economy & Jobs 23-03-2017

Oettinger: €60 billion Brexit bill ‘not totally wrong’

EXCLUSIVE / EU Budget Commissioner Günter Oettinger has told EURACTIV.com that the €60 billion bill floated as the price of Brexit is "not totally wrong", just days before Britain triggers Article 50, the legal process to leave the bloc.

Economic governance 23-03-2017

Indignation grows over Eurogroup chief’s ‘drinks and women’ remarks

Eurogroup chief Jeroen Dijsselbloem on Wednesday (22 March) expressed "regret" over his comments that southern European countries blew their money on "drinks and women" but rejected calls to resign, despite a growing chorus of indignation.

Economic governance 23-03-2017

Italy to stretch EU rules again with new bank bailout

Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.

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Tim Jackson Prosperity without growth
Economy & Jobs 22-03-2017

Tim Jackson on prosperity without growth

The publication of Prosperity Without Growth in 2009 was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly-prized goal of politicians and economists alike.

Economy & Jobs 22-03-2017

Romania runs out of money to co-finance EU projects

Romania’s regional development minister has told the nation’s mayors that there is no more money left for co-financing European projects, since the limit has already been reached and the country tries to keep its deficit under 3%. EURACTIV Romania reports.

Elections 22-03-2017

Hamon’s European programme strikes a chord in Brussels

France’s Socialist presidential candidate made the pilgrimage to Brussels on Tuesday (21 March) to try and drum up support for his EU programme. But the Commission remains unconvinced by Benoît Hamon’s plans to democratise eurozone governance. EURACTIV France reports.

Economy & Jobs 22-03-2017

Belgium told to get off the fence, stop blocking FTT

EU finance ministers have presented a compromise text for the Financial Transaction Tax (FTT) and urged Slovakia and Belgium, which is accused of deliberately blocking negotiations, to ratify it. EURACTIV France reports.

Global Europe 22-03-2017

Prominent MEP provides insight into Rome Declaration

As the Rome Declaration is finalised, Portuguese Partido Socialista MEP Maria João Rodrigues (S&D) provided insight yesterday (21 March), about what ideally should be in it, in anticipation of its unveiling.

Elections 21-03-2017

Study: Frexit chaos would be ‘worse than collapse of Lehman Brothers’

The political disarray in France’s mainstream parties is encouraging debate about Frexit. The possibility is alarming economists, who fear it would cause a “cardiac arrest” in global finance and make life harder for the poor. EURACTIV France reports.

Economic governance 21-03-2017

Dijsselbloem to open debate on his future as Eurogroup chief

Acting Dutch Finance Minister Jeroen Dijsselbloem said yesterday (20 March) that he would have a discussion with his eurozone colleagues about his continuation as Eurogroup president, following the electoral debacle of his party in The Netherlands.

Opinion leaders identify seven pillars for ‘better’ EU action

CIVICO-Europa, an informal group set up by opinion leaders and later supported by politicians, presented today (20 March) a manifesto for the future of Europe, based on “doing much better together”, rather than the traditional way of “doing more”.

Future EU 20-03-2017

The EU budget: Unlocking a new vision for Europe

The key to unlocking a more inspiring and politically winnable New Vision for a strong Europe may well be the next European budget, writes David Holyoake.

Economy & Jobs 20-03-2017

Eurozone chief backs German calls for ‘a European IMF’

The European Stability Mechanism (ESM) – the eurozone's bailout fund – should ultimately be turned into a European version of the International Monetary Fund IMF, according to the head of eurozone finance ministers.

Economic governance 17-03-2017

Dutch vote throws Eurogroup leadership into doubt

Jeroen Dijsselbloem could well lose his role as chair of the EU body coordinating eurozone policy after his party was routed in the Dutch election. But there is a chance he could retain his position even if he is no longer finance minister in a new coalition.

Economy & Jobs 16-03-2017

Commission worried Romania will miss 2017 deficit target

The European Commission is still concerned that Romania will go from registering the highest growth in the EU to racking up the biggest budget deficit. But Bucharest insists there is no cause for concern. EURACTIV Romania reports.

Economy & Jobs 15-03-2017

Ireland cries foul over competition for Brexit moves

Ireland has complained to the European Commission that it is being undercut by rival centres competing to host financial firms looking for a European Union base outside London after Brexit.

Future EU 15-03-2017

Juncker’s missing scenario: Empower the member states

President Jean-Claude Juncker presented five scenarios for the future of Europe. But there is a sixth option, which is better than those sketched out in the White Paper, reveals Karl Aiginger.

Economy & Jobs 14-03-2017

Parliament backs shareholders’ say on directors’ pay

The European Parliament backed an agreement on Tuesday (14 March) reached with member states to allow shareholders a say on directors’ remuneration schemes.

Economic governance 14-03-2017

French economist: ‘German trade surplus responsible for eurozone inequity’

The economic imbalances of the eurozone are undermining citizens’ confidence in the European project. Cutting Germany’s trade surplus could help redress the balance, Jérôme Creel said in an interview with EURACTIV France.

Economy & Jobs 14-03-2017

Tax campaigner: No one noticed LuxLeaks in Central and Eastern Europe

The LuxLeaks and Panama Papers scandals got hardly any attention in Central and Eastern European countries, Ondřej Kopečný told EURACTIV.com. The tax campaigner called on Brussels to push for greater awareness of the dangers of tax evasion in the region.

Elections 10-03-2017

Hamon calls for international treaty to ‘democratise’ eurozone governance

Benoît Hamon’s proposal of an international treaty between the eurozone countries to increase democratic control of the single currency has raised eyebrows on the left, where such sovereigntist manoeuvring is viewed with suspicion. EURACTIV France reports.

Economy & Jobs 09-03-2017

Commission hails downsized EU public prosecutor as victory for ‘multi-speed Europe’

EU leaders agreed to slice up a controversial bill to open the first EU public prosecutor's office, with some backers calling it a victory of “multi-speed Europe” because it will free countries that opposed the new set-up to drop out.