Euro & Finance

07-06-2013

Payment Services Directive: The new payments landscape

The Payment Services Directive (PSD) was adopted by the EU Council of Ministers in March 2007, but an explosion in e-commerce through the internet and the ownership and use of smartphones has taken place since then. In response to the challenge posed by technology to traditional payments methods, the Commission published a green paper called: ‘Towards an integrated European market for card, internet and mobile payments,’ as a precursor to further rules changes. Following a consultation period an updated Payment Services Directive (PSD II) was published this summer (July 24), with a separate regulation on multilateral interchange fees (MIFs).
EU Priorities 2020 21-09-2012

EU budget 2014-2020: The €1 trillion deal

Is €1 trillion too much or not enough to fund the many activities of the European Union for the next seven years? This is the main question that European institutions and the 27 member countries’ leaders will have to answer early next year.
Future EU 22-12-2011

The Danish EU presidency: Bridge over troubled water [Archived]

With the euro debt crisis, Denmark's presidency of the EU council coincides with one of the most difficult moments in the Union's history. As Denmark is not member of the euro zone, it is prepared to take a back seat in the troubleshooting effort, but would strive to keep the countries from both sides united - "a bridge over troubled water" as European Affairs Minister Nicolai Wammen described it.
Future EU 15-12-2011

Europe’s new treaty: Towards a multi-speed Union

All 27 EU countries – except Britain and the Czech Republic – have agreed on a new treaty for tighter fiscal discipline and deeper economic integration to save the euro currency. The treaty came into force on 1 January 2013.
30-07-2010

The EU’s economic governance: Rewriting the rulebook

The Greek sovereign debt crisis is forcing Europeans to rethink the coordination of their national economic policies, confronting the euro area with its most severe test since its launch eleven years ago.
25-01-2010

Payment Services Directive: The end of the cash era?

Europe has been on the cusp of a payments revolution since 2007, when it established a single rulebook setting the same payment standards and obligations across the 31-member EU/EEA. But the Payments Services Directive and a voluntary payments scheme, the Single Euro Payments Area, were welcomed only guardedly by the industry and member states and banks have been slow to implement both initiatives.
EU Priorities 2020 25-11-2009

Growth and jobs: Reshaping the EU’s ‘Lisbon Strategy’

As the recession bites, the European Commission and national governments have begun to reflect on replacing the EU's overarching strategy for growth and jobs, known as the Lisbon Strategy. 'Green growth', innovation and education are likely to feature highly among the strategy's new priorities.
03-09-2009

Enlargement and the euro

In accordance with the provisions of the Maastricht Treaty, all new members of the European Union are eligible and compelled to join the bloc's single currency, the euro. Of the twelve member states that joined the Union between 2004 and 2007, Slovenia, Cyprus, Malta and Slovakia have fulfilled the convergence criteria and are now part of the euro area. 
Development Policy 01-09-2009

2004-2009: An evaluation of the Barroso Commission

European Commission President José Manuel Barroso spent the summer preparing his programme for the next five years after his bid to secure a second term was put on ice by the European Parliament's political group leaders in July - EURACTIV asked key stakeholders to assess the Barroso Commission's achievements and failures.
Brexit 01-04-2009

Financial regulation: The EU’s agenda

In response to the worst crisis in decades, the European Union has agreed on a series of rules and new watchdogs to regulate and supervise global financial markets. EURACTIV offers an overview of the state of play.
15-09-2008

Financial education

Schoolchildren could start receiving courses on how to use a bank account or buy and sell shares on the stock exchange as part of EU efforts to educate citizens and prevent possible future financial crises.
Brexit 25-07-2008

Banking services: Time for consumers to benefit?

Consumers take centre stage in the Commission's Green Paper on Retail Financial Services, which lays down options on how to make retail banking and insurance services better and cheaper for EU citizens. However, the Commission, Parliament and industry are at odds over how to improve consumer protection and choice in retail financial services.