About: eurozone crisis

Economy & Jobs 12-10-2018

German minister: Rescue package for Italy won’t be necessary

German Finance Minister Olaf Scholz said on Thursday (11 October) he did not expect Italy to need aid to deal with its debt pile. Any intervention by the European Central Bank would require Italy to formally apply for a rescue programme, sources said. 
Future EU 17-09-2018

Juncker’s dismal speech

At a time when Europe needs something to inspire the 2018 State of the Union speech disappointed, writes Dick Roche.
Economy & Jobs 04-09-2018

Latvia: The governor’s corruption undermines the ECB

Having been put under investigation for corruption at the end of June, the governor of Latvia's central bank is the third member of the ECB governing council to have been implicated in murky deals over the past year. EURACTIV France reports.
Economy & Jobs 03-09-2018

Italy sends mixed signals to jittery markets after debt downgrade

Italy's new anti-establishment government sent contradictory signals to financial markets on Sunday (2 September) amid increasing concern Rome could breach EU spending limits as it comes under pressure to fulfil its anti-austerity electoral promises.
Economy & Jobs 20-08-2018

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.
Economy & Jobs 21-06-2018

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.
Economy & Jobs 21-06-2018

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.
Economy & Jobs 21-06-2018

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.
Economic governance 14-06-2018

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).
Future EU 11-06-2018

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.
Economy & Jobs 07-05-2018

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.
Economy & Jobs 20-04-2018

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.
Economy & Jobs 19-04-2018

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.
Economy & Jobs 17-04-2018

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.
Banking union 16-04-2018

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.
Future EU 23-02-2018

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.
Economic governance 24-01-2018

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).
Economy & Jobs 14-01-2018

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.
Elections 08-12-2017

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.
Future EU 06-11-2017

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.
Future EU 08-09-2017

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).
Economy & Jobs 01-09-2017

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.
Future EU 22-08-2017

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).
Economic governance 28-03-2017

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).