About: Ecofin

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Economy & Jobs 06-05-2014

UK, Sweden criticise financial tax as EU countries push for it

11 Eurozone countries pushed on Tuesday for a controversial tax on financial trading, also know as the Robin Hood Tax.
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Banking union 15-10-2013

Finance ministers tussle over banking union, sovereignty

Questions over how far the European Central Bank (ECB) should control Europe’s banks dominated yesterday’s meeting of eurozone finance ministers and look set to continue today (15 October) as member states push back against the Commission’s powers under the new European Semester.
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Economy & Jobs 09-07-2013

Eurozone ministers agree to unlock bailout cash for Greece

Greece secured a lifeline from the eurozone and the IMF on Monday (8 July) but was told it must keep its promises on cutting public sector jobs and selling state assets to get all the cash.
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Economy & Jobs 09-07-2013

Latvia joins the euro area

Despite the long-lasting economic crisis, EU finance ministers on Tuesday formally approved Latvia's accession to the euro area. The Latvian finance minister said ahead of an ECOFIN meeting on Tuesday that the country is confident it will benefit from the euro adoption despite the bloc's economic problems. Latvia is the 18th EU member state that joins the euro.
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Euro & Finance 06-03-2013

EU agrees bank bonus cap despite UK opposition

Despite London's efforts to block the measure, EU finance ministers on Tuesday agreed on new rules to cap banker's bonuses. The agreement aims to strengthen the banking sector and will cap bonus payments at the same level as an employee's yearly salary. It will also increase the amount of capital banks need to keep on their balance sheets.
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EU Priorities 2020 22-01-2013

FTT deal ignites debate on how to allocate funds

EU finance ministers on Tuesday gave the green light for the 11 countries to move forward with a harmonised FTT, opening a tricky debate on how the money should be used.
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Euro & Finance 13-12-2012

Finance ministers clinch banking union deal (departures and doorsteps)

Finance ministers reached agreement early today (13 December) on the basic mechanism for a single supervisory authority over eurozone banks – the key first step to a banking union.
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Euro & Finance 13-12-2012

Finance ministers clinch banking union deal (Press conference)

Finance ministers reached agreement early today (13 December) on the basic mechanism for a single supervisory authority over eurozone banks – the key first step to a banking union.
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Economy & Jobs 15-05-2012

European FMs rule out a ‘Grexit’

Discussions of a Greek euro exit, or a Grexit, have become more prominent in Brussels after Greek leaders failed to form a coalition government since elections were held on 6th of May. But eurozone finance ministers on Monday reaffirmed their commitments to keep Greece in the euro zone. But the EU also warned the Greek authorities that the austerity measures agreed need to be implemented. Greece is due to receive a second bailout in early June in order to avoid default.
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Economy & Jobs 02-05-2012

Ecofin highlights EU divisions on bank capital rules

European Finance Ministers on Wednesday met in Brussels to agree on new capital requirement rules for banks. The new law affects over 8000 banks across Europe. It aims to give them more flexibility to protect themselves against future financial crisis. The Danish presidency hopes to reach a deal on the new capital rules among EU member states before the summer. Their proposal would allow national regulators to ask for a 3% increase of capital without permission from the European Commission. Anything above that would still have to get the green light from Brussels.
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Euro & Finance 16-09-2011

Wroclaw: Euro ministers struggle to find way out of crisis

Is this informal Ecofin meeting in Poland really bringing Europe closer to solving the euro crisis? It looks like nothing has been achieved. No new measures have been agreed here in Wroclaw, but that's just the way things go at informal meetings like this one. Greece underlined its commitment to meet its fiscal targets for this year and next. That also not a major new development.
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Economy & Jobs 16-09-2011

Wroclaw hosts crucial Ecofin talks

Wroclaw. The fourth-largest city in Poland. Home to 660.000 people and a brand-new football stadium that opened less than a week ago with a high-profile boxing match Between Poland Adamek and World Heavyweight Champion Klitschko of the Ukraine. But this Friday, Wroclaw is hosting an entirely different kind of fight. A fight o save the common European currency, the euro.