About: eurozone crisis
Has the eurozone learned from its Greek odyssey?
Greece will formally turn the page on its debt saga this week, but the eurozone remains vulnerable to further crises, with economists particularly worried about the situation in Italy.
Germany earned €2.9 billion from Greece’s debt crisis
Germany turns out to be a major beneficiary of Greece’s debt crisis as it earned a total of €2.9 billion between 2010 and 2017. This emerges from a response of the Federal ministry of finance in Berlin to a parliamentary request from the Greens (Bündnis90/Die Grünen) in the German Bundestag obtained by EURACTIV.
German finance minister defends euro reforms against conservative attack
Germany's finance minister on Wednesday (20 June) defended a euro zone reform blueprint agreed with France against criticism by Chancellor Angela Merkel's conservatives that it could undermine monetary stability.
Eurozone ministers seek end to Greece bailout odyssey
Eurozone ministers will on Thursday (21 June) try to resolve their differences over the terms of Greece's departure from its massive bailout programme with splits over the degree of debt relief needed by cash-strapped Athens.
Eurogroup nears debt deal for Greek bail-out exit
Greece and its creditors are getting closer to a deal on a debt relief package to be sealed during the next Eurogroup meeting on 21 June, senior EU officials said on Wednesday (13 June).
Merkel open to EU migration reform, cautious on eurozone
German Chancellor Angela Merkel said Sunday (10 June) she was more open to French President Emmanuel Macron's plans to reform migration and defence policy in Europe than his hopes to bolster the euro.
Merkel allies reject idea of European finance minister
Leading politicians from Chancellor Angela Merkel's Christian Democrat party want to pass a resolution at a meeting this week to reject any pooling of debts in Europe and any common fiscal policy without national parliamentary controls, Handelsblatt reported.
Merkel urges ‘compromise’ on eurozone reform
Germany's Angela Merkel called for a spirit of "compromise" on reforming the euro zone at a meeting on Thursday (19 April) with French President Emmanuel Macron, who pressed for "solidarity" among members of the currency union.
Macron visits Merkel in bid to salvage eurozone reform plans
French President Emmanuel Macron heads to Berlin Thursday (19 April) for talks with Chancellor Angela Merkel, hoping to breathe fresh life into his grand vision for EU reforms in the face of growing German resistance.
Macron offers half-hearted defence for waning eurozone push
Emmanuel Macron toned down his ambition of completing the Economic and Monetary Union in a speech to the European Parliament on Tuesday (17 April), as he appears to be losing Germany’s backing and faces mounting pressure at home on unpopular economic reforms.
Not all Macron’s EU reforms possible, German finance minister says
German Finance Minister Olaf Scholz said EU reforms proposed by French President Emmanuel Macron should be addressed before European elections next year, but added that some of the proposals were not feasible.
Juncker prepares for 4 March ‘worse-case scenario’
Commission President Jean-Claude Juncker warned yesterday (22 February) that financial markets could face turbulence after Italian elections next month, saying Brussels was prepared for a worst-case scenario.
Commission not using crisis early-warning tool well, EU auditors say
For political reasons, the European Commission is not using effectively a procedure intended to provide early warning of brewing economic crises, the European Court of Auditors said yesterday (23 January).
Berlin and Paris step up push for eurozone reform deal
Emboldened by a preliminary coalition deal between Chancellor Angela Merkel and the Social Democrats (SPD), Germany and France will try to inject new momentum into their stalled EU reform efforts this week when their finance ministers meet in Paris.
Schulz calls for ‘United States of Europe’ as SPD agrees talks with Merkel
Germany's Social Democrats, the country's second strongest party, agreed Thursday (7 December) to kick off exploratory talks with Chancellor Angela Merkel's conservatives that could lead to a new coalition government early next year.
Britain frozen out as EU finance chiefs plot future
European Union finance ministers meet without Britain in Brussels on Monday (6 November) to try to iron out their differences on plans to reform the euro in the wake of the shock Brexit vote.
In Athens, Macron outlines ‘roadmap’ for European democratic revival
French President Emmanuel Macron sketched a plan to "rebuild" the European Union through wider democracy and public accountability at the start of a two-day visit to Greece on Thursday (7 September).
Paris and Berlin at odds over ‘grand bargain’ to deepen eurozone
French President Emmanuel Macron's push for an ambitious overhaul of Europe's single currency bloc is running up against robust resistance in Berlin despite conciliatory public signals from German Chancellor Angela Merkel.
Schäuble preparing EU bailout fund reform proposal
German Finance Minister Wolfgang Schäuble is working on a proposal that would allow southern eurozone countries to tap into the single currency bloc's bailout fund to boost investments during recessions, a newspaper reported on Wednesday (23 August).
ECB needs greater democratic oversight, TI says
The European Central Bank needs greater oversight and more accountability, as it has strayed into the realm of political decision-making but without the necessary scrutiny, global watchdog Transparency International said in a report on Tuesday(28 March).
Piketty outlines eurozone assembly proposal to ‘democratise’ single currency
As Benoît Hamon’s advisor for European budgetary issues, Thomas Piketty hopes to construct a “democratic decision-making mechanism” within the eurozone, he told France Inter on Sunday (12 February). Euractiv’s partner Ouest-France reports.
In a fractured Europe, two celebrations could make or break the Union
The celebration of the Euro anniversary in March will be an opportunity to counter anti-euro parties, writes Paul Wallace. But European leaders may also want to reflect on the anniversary of the Reformation, which undermined the Holy Roman Empire, seen by some historians as an early version of the EU.
Christmas spirit lacking in Greek bailout wrangles
Greece thanked creditors for modest debt relief on St Nicholas Day in Brussels but did not hide disappointment it won't get the Christmas gift it wants – a pass on the latest phase of its bailout programme.