Croatian citizens and entrepreneurs that keep their money in current and giro accounts, rather than in savings, are growing in number at historically high rates. Bundles of banknotes are more and more common in house vaults, socks and mattresses. EURACTIV Croatia reports.
The system of exception for the excess profit of Belgian entities that are part of multinational corporate groups does not constitute illegal state aid, contrary to the European Commission's previous assessment, the EU's top court ruled on Thursday (14 February).
After a meeting between the SPD executive committee and the EU’s Commissioner for Economic Affairs in Berlin on Monday (11 February), all called for fairer taxation in Europe. EURACTIV Germany reports.
The coming into force of the simple, transparent and standardised (STS) securitisation rules in January was intended to mark a fresh start for securitisation within Europe. Richard Hopkin examines the likely effects of the EU's new rules on securitisation across the bloc.
There is a big risk that the European Commission’s proposals on sustainable finance will be watered down when EU member states examine the draft legislation, warn Lis Cunha, Sebastien Godinot and Rachel Owens.
Italy's populist leaders on Saturday (9 February) promised to replace top officials at the country's central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings.
Euro area economy is expected to slow down more markedly than initially expected, because of the impact of increasing risks, including a disorderly Brexit, and external tensions primarily driven by the US-China trade war.
Deutsche Bank's chief anti-financial crime officer dodged questions from exasperated MEPs during a European Parliament hearing on Monday (4 February), amid reports of the German lender's involvement in a major money laundering case.
French Minister of Economy and Finance Bruno Le Maire wants to introduce legislation to ensure that heads of large French businesses living abroad pay more taxes in France. EURACTIV France’s partner La Tribune reports.
The European Investment Bank and the European Commission were forced to defend their flagship 'Juncker' investment plan, following a report of the European Court of Auditors published on Tuesday (29 January) that questioned its usefulness.
The amount of investment mobilised by the European Fund for Strategic Investments (EFSI) may have been overestimated, a new report by the European Court of Auditors has warned. It added that it may have also favoured larger member states.
As European partners remain disunited on the way forward to strengthen the eurozone, ECB President Mario Draghi made a wholehearted defence on Monday (28 January) of the need to act together to complete the economic and monetary union and increase the influence of the common currency abroad.
Business leaders and decision makers agreed during last week's World Economic Forum in Davos that new taxes, including carbon pricing or a digital levy, would not only achieve a fairer economic model but would also help to fight climate change and deal with the ageing population.
Appointments to the European Central Bank's Executive Board are no less than a strategic and political decision over the future of the Eurozone. But experience has shown this process is not transparent, open, and democratic enough to protect the ECB from its legitimacy gap, argue Stanislas Jourdan and Sebastian Diessner.
The European Parliament voted on Tuesday (15 January) to extend the funding of an experimental fusion power reactor through to 2027, although some MEPs are still concerned about the multi-billion euro moon-shot that could revolutionise the way power is generated.
As the euro turns 20, leaders of the EU's main institutions called on member states to complete the reform of the Economic and Monetary Union, admitting mistakes were made in managing the eurozone debt crisis.
Cryptoassets are dangerously unregulated and may give rise to criminal activities, according to two recent assessments published by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).
A report by the Bank of Russia published late on Wednesday (9 January) reveals that the country dumped $101 in US holdings from its reserves, shifting into euros and yuan last spring amid a new round of US sanctions.