About: eurozone budget
Eurozone sharpens up new anti-shock fund
Finance ministers of the 19-member euro area reached agreement late on Wednesday (9 October) on the details of a "budgetary instrument" for the eurozone, including stronger measures to support countries hit by a sudden economic shock.
Draghi calls for euro budget in farewell to MEPs
ECB President Mario Draghi urged EU co-legislators on Monday (23 September) to set up a fiscal capacity to counter eurozone’s economic shocks, as he warned of the worsening economic outlook in his farewell debate with MEPs.
Trade unionist: Von der Leyen has to deliver on Social Europe ‘if she wants to gain trust’
The Workers Group of the Economic and Social Committee welcomes European Commission president-elect Ursula Von der Leyen’s announcements on social policy but if she wants to be trusted, she needs to deliver, president Olivier Röpke told EURACTIV.
Five things to know about the new pot to support EU economies
The European Commission will play a key role in deciding what reforms and investments are supported by a new financial instrument expected to be in place in 2021, whose amount is yet to be decided by the member states as part of the negotiations on the EU's long-term budget (MFF).
French Minister: ‘There is a long way to go’ on eurozone budget
France wants to make access to European funds conditional on the European minimum wage and respect for the rule of law, the state secretary for Europe, Amélie de Montchalin, told EURACTIV Slovakia in an interview.
Finland softens opposition to eurozone budget as it takes over EU Presidency
On the eve of assuming the EU's rotating presidency, the new centre-left Prime Minister of Finland, Antti Rinne, accepted on Wednesday (26 June) the possibility of a “small” eurozone budget to support investments, as long as it remains part of the EU’s long-term spending plans.
EU fiscal board insists on stabilisation mechanism
Any systemic shock will not affect just some countries but the whole euro area so if member states want to counter it adequately, they need to have a central fiscal capacity, European Fiscal Board (EFB) president Niels Thygesen told reporters on Tuesday (25 June).
Stabilisation mechanism in induced coma after EU leaders’ meeting
EU leaders failed to inject further ambition to a Eurogroup deal on watered-down reforms of the Economic and Monetary Union, including a budgetary instrument for the eurozone, at the Euro summit on Friday (21 June).
Rutte: ‘I will never support stabilisation mechanisms at euro level’
In an exclusive interview with EURACTIV.com after the European Council, Dutch Prime Minister, Mark Rutte, said on Friday (21 June) that he "will never support" new budgetary instruments to stabilise the euro area if an economic shock hits the region.
No agreement on euro budgetary tool- ministers send ‘hot potato’ back to leaders
EU finance ministers failed to reach an agreement in the early hours of Friday (14 June) on an anti-shock instrument to shield the euro, as they continued to clash over almost every feature on the agenda, including the source of funding.
Finance ministers press Italy to stick to EU fiscal rules
EU finance ministers told the Italian government on Thursday (13 June) to meet its fiscal obligations in order to reduce its high debt, with the European Commission insisting on “substantial corrections” to rein in public spending.
Eurogroup to nudge forward EMU reform before next week’s EU summit
EU finance ministers will try to close a deal on deepening the Economic and Monetary Union, including a tentative new budget for the eurozone, during the Eurogroup meeting on Thursday (13 June) in an inclusive format.
Watered-down Tobin tax could enter into force in 2021
EU finance ministers will discuss on Friday (14 June) a new draft proposal for a financial transaction tax (FTT), which will significantly lower expected revenues once participating member states adopt it, according to details of the text seen by EURACTIV.
Growing concerns over Greece and Italy, as negotiations stall on eurozone budget
Latest Greece and Italy’s fiscal plans raised concerns in Brussels, as the Eurogroup met for another round of negotiations on the budgetary instrument for the Eurozone on Thursday (16 May), without major achievements.
Italy clouds Eurogroup discussion on public spending
Finance ministers from the 19 eurozone countries will review public spending in the region on Thursday (16 May), with Italy once again in the spotlight amid an ongoing economic slowdown.
EU’s ‘Tobin tax’ now expected to collect only €3.5 billon
The latest proposal for an EU financial transaction tax (FTT) received lukewarm support earlier this week, with expected revenues brought down tenfold, to €3.45 billion annually, under a watered-down version tabled by France and Germany, according to documents seen by EURACTIV.
Eurogroup keeps anti-shock capacity for eurozone budget off the table
Eurogroup president Mario Centeno said late on Monday (11 March) that the future eurozone budget would not include a stabilisation function, despite insistance by France and a handful of other countries to broaden its scope.
The Franco-German proposal for a ‘eurozone budgetary instrument’, in detail
France and Germany tabled a joint proposal on Thursday (21 February) to establish a new "eurozone budgetary instrument" that would support national reforms and investments in the single currency bloc.
France ‘steps on the gas’ in eurobudget talks
France made surprising back-and-forth moves on Nord Stream 2, which could be explained by the country's effort to secure German and Dutch support in a completely different dossier.
Eurogroup kick off race for ECB chief economist, Ireland’s Lane puts name forward
Ireland presented Philip Lane’s candidacy as chief economist at the European Central Bank on Monday (21 January), as the Eurogroup opened calls for nominations in a relaxed first session of the year.
20 years of the euro: An imperfect success story
The single currency, which was officially launched on 1 January 1999, has performed its role of shielding against crises and stabilising prices. However, the insufficient convergence of the eurozone’s economies shows the fragility of this incomplete construction. EURACTIV France’s media partner La Tribune reports.
Macron wins partial victory on eurozone budget
For the first time, the 19 eurozone countries agreed in principle on creating a dedicated budget for the single currency area. However, it will lack the stabilisation mechanism sought by Paris, a cornerstone of Emmanuel Macron’s original plan. EURACTIV France reports.
Leaders wrap up year-long euro reform with face-saving package
EU leaders concluded on Friday (14 December) a year-long discussion to bolster the eurozone by approving extra money to resolve failing banks and additional powers for the European Stability Mechanism, the EU’s rescue fund.