About: Eurozone
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 accuses EU of prejudice after grim economic forecasts
Italy accused EU authorities of prejudice on Tuesday (7 May) after they forecast the euro zone's third largest economy would stagnate this year and its huge public debt would rise further.
Juncker points the finger at Germany, Austria, Netherlands for impeding eurozone reform
The Netherlands, Austria "and all too often Germany" are preventing deeper euro zone integration, European Commission President Jean-Claude Juncker told German newspaper Handelsblatt.
Ahead of EU polls, Poland’s Kaczynski urges crossparty anti-euro stance
The leader of Poland’s ruling conservatives on Wednesday (17 April) urged opposition leaders to back its view that the country should not join the euro until its economy is on a par with that of western neighbours. When Poland joined...
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 Brief – A political marriage on the rocks
It all looked quite harmonious in late January, when German Chancellor Angela Merkel and her French counterpart Emmanuel Macron pledged closer cooperation through the new Aachen Treaty. But just like in any relationship, at some point you go through a rocky patch.
Commission calls for reforms to combat economic slowdown
The European Commission will urge member states on Wednesday (27 February) to reform their economies as the risks related to the US-China trade war, a disorderly Brexit or the Italian economy could worsen the deceleration of the European economy.
Uncertainty dampens European growth
Euro area economy is expected to slow down more markedly than initially expected, because of the impact of increasing risks, including a disorderly Brexit, and external tensions primarily driven by the US-China trade war.
Draghi steps into political debate, calls for more togetherness in EU
As European partners remain disunited on the way forward to strengthen the eurozone, ECB President Mario Draghi made a wholehearted defence on Monday (28 January) of the need to act together to complete the economic and monetary union and increase the influence of the common currency abroad.
Will the new Franco-German treaty revive the EU, or hold it back?
The new Franco-German co-operation treaty might strengthen the axis of the EU's two most powerful countries, but that might not be helpful for the rest of the bloc, writes Sofia Vasilopoulou.
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.
Tweets of the Week: Meaningful vote, Adamowicz, and the eurozone turns 20
This week, Theresa May thrashed by her peers, mayor’s murder brings Gdansk to tears and the Euro celebrates 20 years. This episode is supported by ACCA.
Leaders call to complete eurozone on currency’s 20th anniversary
As the euro turns 20, leaders of the EU's main institutions called on member states to complete the reform of the Economic and Monetary Union, admitting mistakes were made in managing the eurozone debt crisis.
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.
Europe speeds up plans for no-deal scenario as Brexit chaos grows
EU leaders will discuss late on Thursday (13 December) how to address the UK's concerns about its withdrawal agreement from the EU, but discussions on contingency plans are gathering pace as the chances of an orderly divorce continue to wane.
ECB urges completion of monetary union in ‘unstable’ world
ECB chief Mario Draghi called for the completion of the eurozone framework and to reduce divergencies between West and East members in order to protect the euro in a more "unstable" world on Monday (26 November).
Commission ‘not at war’ with Italy, Juncker says
The European Commission has no plan to start a war with Italy over its budget, Commission President Jean-Claude Juncker said a day after a working dinner with Italian Prime Minister Giuseppe Conte on Saturday (24 November). But Rome confirmed that the main reforms included in the disputed budget will stay unchanged.
Commission: Italy, EU to work to bring views on 2019 budget closer together
Italy and the European Commission will work in the coming days to bring closer their positions on Italy's 2019 draft budget, which the EU executive says breaks EU laws by not reducing the country's huge public debt.
Katainen on Brexit: We have to take Spain’s concerns very seriously
Member states share Spain's concerns over the future relationship with Gibraltar after Brexit, Vice-President of the European Commission for Jobs, Growth, Investment & Competitiveness Jyrki Katainen told EURACTIV.com in a long interview where he addressed all the pressing challenges the EU is currently facing.
Germany proposes tough conditions for ‘European IMF’
Germany's plans for a "European Monetary Fund" to help eurozone states in difficulty would set strict eligibility criteria that shut out those who are failing to tackle high national debt.
Commission launches excessive deficit procedure against Italy, saying it is ‘sleepwalking into instability’
The European Commission hedged its bets and called for the opening of an excessive deficit procedure against Italy on Wednesday (21 November) as Rome refused once again to revise its draft budget plan.
In Belgium, Macron pleads for ‘two or three speed Europe’, treaty change
French President Emmanuel Macron escaped protests over fuel prices and tumbling approval ratings at home with a series of state visits that placed Europe at the centre of attention.
Italy’s revised budget ‘did not dispel concerns’, Eurogroup president says
Italy’s slightly modified budget might not get the green light from the European Commission, the president of the Eurogroup, Mario Centeno, told the Parliament’s Economic and Monetary Affairs Committee on Tuesday (20 November), raising the likelihood of an excessive deficit...