Euro & Finance

Banking union 18-01-2018

Berlin demands clarity on risk reduction for banking union

Germany said on Wednesday (17 January) that eurozone members should first agree on clear parameters for reducing risks in the banking sector before progress can be made toward completing a banking union through a deposit insurance scheme in the currency bloc.

Future EU 17-01-2018

Eurogroup head hails German coalition blueprint for eurozone reform

The Eurogroup's new president, Mario Centeno, has welcomed eurozone reform proposals agreed by Germany's two biggest parties in preliminary coalition talks.

Economy & Jobs 17-01-2018

Commission advisor: EU needs bigger budget, and needs to start debating it now

EU leaders should start debating the next multi-annual budget as soon as possible because the talks will be more complex than ever and may produce legal disputes that will force the union to revert to an interim budget in 2020, a senior adviser to Commissioner Günther Oettinger told EURACTIV.com.

Banking union 16-01-2018

EU auditors blame ECB for not providing evidence

EU auditors censured the European Central Bank on Tuesday (16 January) for refusing to provide “important evidence” needed to assess its key role in the supervision of Europe’s largest banks.

EU Priorities 2020 15-01-2018

The Brief – Guindos, Spain’s best option for ECB post?

Candidates for the ECB vice-presidency will put forward their names next week. For Spain, there is more at stake than meets the eye as it almost feels this is one of its last chances to regain some clout in Europe, writes Jorge Valero.

Economy & Jobs 15-01-2018

EU should harness economic recovery to push structural reforms, economists say

Despite positive momentum, the European economy still faces challenges in terms of low investment, youth unemployment and the social fracture growing across the bloc.

Economy & Jobs 14-01-2018

Berlin and Paris step up push for eurozone reform deal

Emboldened by a preliminary coalition deal between Chancellor Angela Merkel and the Social Democrats (SPD), Germany and France will try to inject new momentum into their stalled EU reform efforts this week when their finance ministers meet in Paris.

Economy & Jobs 12-01-2018

Turning the page on the eurozone crisis: Economy and Finance in 2018

On the tenth anniversary of the financial crisis, the European Union will definitively turn the page on the worst economic crisis in its history with the closure of the Greek rescue programme and the last excessive deficit procedures, while adopting the biggest overhaul of its financial sector in years.

Economy & Jobs 11-01-2018

Bulgaria expects to apply for eurozone waiting room by July

Bulgaria, buoyed by its good macroeconomic indicators, expects to apply by the end of June to join the Exchange Rate Mechanism (ERM-2), an anti-chamber for adopting the single currency, Finance Minister Vladislav Goranov said on Thursday (11 January).

Future EU 11-01-2018

France urges Germany to spend more and boost EU

France's finance minister on Wednesday (10 January) urged Germany to loosen the purse strings to help boost European growth, reminding Berlin of its wider responsibilities as Chancellor Angela Merkel struggles to forge a new coalition at home.

Economy & Jobs 11-01-2018

MiFID II passes first implementation test

Despite past concerns and some delays, legislators, regulators and experts were positive about the first week since the entry into force of the Markets in Financial Instruments Directive on 3 January, seen as the biggest reform of the financial sector since the 2007-2008 crisis.

Future EU 11-01-2018

Plastic tax and ETS tinkering could plug Brexit hole, suggests EU budget chief

EU Budget Commissioner Günther Oettinger has revealed that the European Commission will propose taxing plastic and shifting emissions trading income to EU level, in an attempt to balance the bloc’s coffers once the United Kingdom leaves the EU.