About: eurozone budget
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.
EU reaches limited agreement to bolster economic and monetary union
EU finance ministers concluded a deal on Tuesday (4 December) to bolster the region with new tools to save ailing banks and member states but postponed Europe-wide instruments to protect depositors or stabilise national economies.
EU finance ministers struggle for eurozone reform deal
EU finance ministers struggled to agree reforms to better fight against a financial crisis early Tuesday (4 December), with negotiators still at the table after more than 12 hours of talks.
Germany and France to outline EU financial transaction tax proposal
Germany and France will outline on Monday a joint proposal for a financial transaction tax for the European Union that is based on a model already tested in France, the Sueddeutsche Zeitung newspaper reported late on Sunday (2 December).
Eurozone budget to be ready by 2021 say France and Germany
France and Germany's finance ministers on Monday (19 November) presented their proposal on establishing a eurozone budget by 2021, describing it as a "major political breakthrough".
French people barely comforted by positive economic conditions
France tends to develop in the opposite direction to the rest of the eurozone and the economic lights are now on green. However, French morale tells a very different story and the international situation raises concerns among economic forecasters. EURACTIV France reports.
Italian budget standoff may consign eurozone integration drive to slow lane
An uncompromising challenge to EU budget rules by Italy is providing the first big test for reforms introduced to save the euro zone nine years ago as financial crisis threatened to tear it apart.
Macron and Europe: Six figures to consider
A year to the day after Emmanuel Macron’s impassioned pro-Europe Sorbonne speech, the outcomes seem meagre. The Élysée Palace sees things differently though and has defended the work done towards making the president’s proposals a reality. EURACTIV France reports.
Energy, EU reform on the agenda as Macron heads to Spain and Portugal
France's Emmanuel Macron makes his first visit as president to Spain and Portugal, starting Thursday, in his push to overhaul the EU, with the two southern allies seeking French help to connect their energy grids to Europe.
EU leaders postpone completion of banking union
Despite previous promises to achieve results on eurozone reforms in June, EU leaders postponed until December an agreement on the backstop to wind down failing banks and did not include any date for starting discussions on a European deposit guarantee scheme.