About: Austerity

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Economy & Jobs 19-03-2015

Hollande: Greece must ask the richest to pay their taxes

“That the Greek government does what best for the poor is not what shocks me. What we ask Greece is that it asks the richest to pay their taxes,” said French President François Hollande on his arrival at the EU Council Summit on Thursday.
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Economy & Jobs 19-03-2015

Cameron: The UK is not in Greece’s position because of long-term, difficult decisions

“When I first came here five years ago, Britain and Greece were virtually in the same boat. We had similar size budget deficits. The reason we are in a different position is that we took long-term, difficult decisions,” said British Prime Minister David Cameron on his arrival at the EU Council Summit on Thursday.
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Euro & Finance 19-03-2015

Stubb on Greece: “The key is to stay firm on the commitments made on February 20th”

“The key here is to stay firm on the commitments that were made in the Eurogroup on the 20th of February,” said Finnish Prime Minister Alexander Stubb on his arrival at the EU Council Summit on Thursday.
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Economy & Jobs 04-03-2015

Merkel, Juncker refuse to talk about third Greek bailout

European Commission President Jean-Claude Juncker said on Wednesday that it is “premature” to discuss a third bailout programme for Greece and warned Athens “to avoid unilateral measures.” “We are going to focus on implementing what was agreed in the Eurogroup," he added.
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Inequality in Europe: Tackling the income and wealth gap

Austerity measures adopted in the past years have widened inequality in terms of income and wealth within and between EU countries.
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Economy & Jobs 13-02-2015

Merkel signals willingness to compromise with Greece

German Chancellor Angela Merkel told reporters upon her arrival at the informal EU summit in Brussels on Thursday that she was looking forward to her first meeting with Greek Prime Minister Alexis Tsipras.
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Economy & Jobs 12-02-2015

Tsipras wants a deal to ‘tackle humanitarian crisis across EU’

Speaking to journalists after arriving at the European Council meeting on Thursday, newly-elected Greek Prime Minister Alexis Tsipras said that he is 'confident' that he EU leaders can agree on a way forward for Greece's bailout programme.
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Economy & Jobs 12-02-2015

Eurogroup, Greece fail to reach debt deal

On Wednesday, eurozone finance ministers failed to reach an agreement on a way forward for Greece's bailout programme.
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Economy & Jobs 04-02-2015

Tsipras ‘optimistic’ about finding a ‘common solution for a common future’

Newly-elected Greek Prime Minister Alexis Tsipras met EU leaders in Brussels on Wednesday, in a bid to renegotiate the terms of the Troika's 240bn euro bailout plan.
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Economy & Jobs 04-11-2014

Commission revises down economic forecast

The European Commission has projected weak economic growth for the rest of this year in the eurozone.
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Economy & Jobs 08-10-2014

Katainen: “I want 300 billion of real investment to support jobs”

In a three-hour hearing at the European Parliament on Tuesday, Commissioner-designate for Jobs, Growth, Investment and Competitiveness Jyrki Katainen called for public/private partnerships, increased lending capacity for the European Investment Bank and other EU lending bodies, more “future investment” by EU nations in areas such as infrastructure and the completion of the single market.
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16-05-2014

Top EU job rivals hold last TV debate before election

Candidates for the Presidency of the next European Commission held the last televised debate on Thursday, before Europeans go to the polls next week.
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Economy & Jobs 16-05-2014

250 arrested in anti-TTIP protest at European Business Summit

250 protesters were arrested in Brussels on Thursday in the margins of the European Business Summit or EBS, a convention of business and political leaders.
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Economy & Jobs 23-04-2014

From reform to Growth – EPP Congress Dublin 2014

The Wilfried Martens Centre for European Studies was present at the XII Congress of the European People’s Party (EPP) that took place in Dublin on 6 and 7 March 2014, an event that gathered more than 2,000 participants, including the leaders of EU institutions, heads of state and government, party leaders, ministers, national and European parliamentarians, and delegates from EPP member parties throughout Europe.
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Economy & Jobs 07-04-2014

Brussels anti-austerity protest turns violent

Workers' protests against austerity turned violent in Brussels on Friday, injuring 27 people, eight of them seriously.
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Economy & Jobs 01-04-2014

EU ministers agree 3-part bailout loan for Greece

Eurozone finance ministers approved on Tuesday the latest bailout aid for Greece, ending a six-month stand-off between Athens and its international lenders.
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Benchmarking Working Europe 2014

The report Benchmarking Working Europe 2014 reviews the crisis and EU austerity policies in the last five years from the point of view of Europe's social agenda.
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Economy & Jobs 05-11-2013

EU forecasts slow economic recovery, high unemployment

Europe's economy has reached a turning point, according to the European Commission. Presenting his Autumn economic forecast on Tuesday , EU commissioner Olli Rehn said that a slow economic recovery is expected over the next two years, but unemployment will remain high. The Commission expects economic growth in 2014 to hit 1.1% in the euro area and 1.4% in the Union as a whole. In 2015, growth is expected to be 1.7% in the euro zone and almost 2% in the EU.
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Economy & Jobs 15-07-2013

Growth in Times of Austerity: What measures to help businesses grow?

Eurostat data is still showing debt in many Eurozone countries despite severe budget cuts and tax increases. Economic growth is a continued challenge with annual GDP growth now forecast at -0.1% in the EU and -0.4% in the euro area. For 2014, economic activity is projected to expand by just 1.4% in the EU and 1.2 % in the euro area.
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Euro & Finance 17-05-2013

Barroso urges ‘credible reforms’ in France in return for deficit grace period

European Commission President José Manuel Barroso urged France on Wednesday (15 May) to push ahead faster with economic reforms in return for being granted two more years as promised to bring its budget deficit below the EU limit. The Commission will present more detailed recommendations to France on 29 May.
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EU Priorities 2020 02-05-2013

Economy dominates Letta’s first Brussels visit

Italy's newly appointed Prime Minister Enirco Letta landed in Brussels yesterday evening (1 May) for a two-day visit to the EU capital, with the economic and political situation at the centre of discussion.
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Development Policy 26-03-2013

The 2014-2020 EU Aid Budget: Enough to do the job?

Europe’s leaders are in the final stages of negotiating one of the world’s biggest aid budgets. But how committed are they to delivering on promises to sustain the EU’s involvement in developing economies? In austerity-hit Europe, should development be prioritised and how? What will 2013 and beyond bring for those in the EU’s development sector?
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Development Policy 22-03-2013

Austerity driven Europe could miss UN development goals

Eradicate extreme poverty, achieve universal primary education and combat HIV. These are only a few of the proposals made by the UN in 2000 to free people from multiple deprivations. This pledge turned into the eight Millennium Development Goals. 13 years later, as Europe lives on of the worst crisis in decades, economic and fiscal pressure will see many member states missing their targets in fighting poverty reduction. Europe fears that foreign aid will be among the first casualties of long-term austerity measures.
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Future EU 13-03-2013

No big decisions expected at Spring EU Summit

EU leaders are gathering on Thursday in Brussels for their regular Spring Council Summit. Unlike the previous meeting, when Brussels struck a controversial deal on the next long-term EU budget, no major decisions are expected this time.