The International Monetary Fund must hold firm to its stated position in support of debt relief for Greece in meetings of finance ministers that will take place in Washington this week, writes William Rhodes.
While the European left is largely struggling where it holds power, Portugal's government alliance stands out as a remarkable exception. It is raising wages and gaining popularity as well as delivering the lowest budget deficit in living memory.
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.
The European Commission has said that stabilising the eurozone was "eminently a political issue" after an independent probe into the IMF's handing of sovereign bailouts found it was vulnerable to pressure from governments.
An independent probe into the IMF’s handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund’s Independent Evaluation Office (IEO) said...
European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said.
Stability and Growth Pact rules must be applied to the letter if the eurozone is to keep any kind of credibility. Populism must not be used as an excuse to reward irresponsible budgetary policies, argues Friedrich Heinemann.
The European Central Bank threatened to take legal action against Slovenia yesterday (6 July) after police seized documents from the country's central bank in a rare conflict between authorities and one of the eurozone's most respected institutions.
Germany's Constitutional Court confirmed on Tuesday (17 May) it has received a complaint against the European Central Bank's monetary policy, as reported by the Welt am Sonntag newspaper at the weekend.
Portugal's Socialist-led lawmakers on Tuesday (22 February) approved a 2016 budget that pledges to reverse unpopular austerity measures but is seen as high-risk by critics and investors, with Lisbon under EU pressure to stay on a disciplined path.
Greece's leftist-led government offered a reform plan for the country's pension system that would cut future benefits, with no backing from the political opposition, before talks with official lenders resume later this month.
Portugal's president accepted yesterday (27 October) the line-up of a new minority government that will be sworn in on Friday, starting the countdown on persuading the opposition-dominated parliament to accept its program or face the collapse of the cabinet.
Portugal's centre-right prime minister, and the head of the opposition Socialists, made rival offers yesterday (20 October) to form the next government, exacerbating the country's political stalemate following this month's inconclusive election.