About: financial crisis
Most member states unprepared for sweeping new financial market rules
A sweeping overhaul of EU financial market rules went into effect on Wednesday (3 January), but only 11 member states met the deadline to start applying the new rules.
What role should Germany’s new federal government play in Europe?
Brexit, EU enlargement, the Greek debt crisis: during the German election campaign European politics has hardly played a role.
Johnson: ‘I was hired by Soros for ‘Black Wednesday”
It is now 25 years since George Soros and Robert Johnson speculated against the pound, costing £3.3 billion in losses, and forcing the UK out of the European Exchange Rate Mechanism (ERM) that paved the way for the euro currency.
Dublin’s man in Berlin: Confidence growing in Irish economy despite ‘Brexit challenges’
Ireland’s priority in the Brexit negotiations is to ensure 1998’s Good Friday Agreement is protected, as well as maintaining close as possible ties between the EU and the UK, explained Dublin’s ambassador to Germany.
Rodrigues: ‘This European Parliament can’t be led by a right-wing majority’
The European Parliament on Wednesday (5 July) failed to agree a common position on the Commission Work Programme for 2018. In an interview with EURACTIV.com, Maria João Rodrigues welcomed this as a sign that the conservative domination of the legislature is coming to an end.
French economist: ‘German trade surplus responsible for eurozone inequity’
The economic imbalances of the eurozone are undermining citizens’ confidence in the European project. Cutting Germany’s trade surplus could help redress the balance, Jérôme Creel said in an interview with EURACTIV France.
French senator: ‘All the ingredients of a new financial crash are in place’
Ten years after the sub-prime mortgage crisis threatened to destroy the global financial system, conditions in France are ripe for another financial crash, according to a recent senate report. EURACTIV’s partner La Tribune reports.
‘Grexit’ reemerges as IMF and eurozone continue Greek debt squabble
Greece should leave the eurozone and then be given debt relief, the head of Germany's pro-business Free Democrats (FDP) told German radio today (9 February), as a dispute between the eurozone, the IMF and Greece itself continues unabated.
ECB’s monetary policy under attack, Brexit scavengers continue to circle UK
The European Central Bank (ECB) is under increasing pressure to exit its loose monetary policy but the Frankfurt bank remains unconvinced by inflation growth. The institution is also looking into cross-border bank mergers, as the rest of Europe eyes the UK's post-Brexit scraps.
Embattled Bank of Cyprus pays off bailout loan
Bank of Cyprus, the Mediterranean island's largest lender and one of the largest casualties of the financial crisis, yesterday (5 December) announced it had paid back in full the €11.4 billion in Emergency Liquidity Assistance it received in an international bailout.
IMF chief guilty of negligence, keeps job
Head of the International Monetary Fund (IMF) Christine Lagarde escaped punishment and kept her job yesterday (19 December) despite being found guilty of negligence over a state payout made while she served as France's finance minister in 2008.
EU tells Spain to privatise two banks, praises financial sector progress
The European Commission and European Central Bank have told Spain that it must complete the privatisation of the Bankia and BMN banking institutions, in order to shore up its financial sector. EURACTIV Spain reports.
Nobel economics prize winner: ‘The euro was a mistake’
The European Union should embark on a process of decentralisation and return certain areas of decision making to the member states if it wants to survive and thrive, according to Nobel Memorial Prize in Economic Sciences winner Oliver Hart. EURACTIV Spain reports.
Cooperatives advocate: Regional economies are the future
What can answer the challenges posed by the financial crisis, Brexit and Donald Trump? Head of the Raiffeisen Society Werner Böhnke told EURACTIV's partner WirtschaftsWoche that the solution could be provided by cooperatives.
Economist: ‘Italian reforms will come to standstill’
Italy's dismissal of Matteo Renzi's reform package sent a clear signal to the other member states that Rome is incapable of solving its economic woes alone, researcher Dr Paweł Tokarski said in interview with the SWP.
Balkan candidates hope to reinvigorate EU bids with new strategy
Enlargement has fallen off the EU’s list of priorities and the Union is more than likely to shrink before it grows again. But the Western Balkans are still aspiring EU members and a new strategy has been developed that hopes to put them back on Brussels’ immediate agenda.
ECB chief outlines three risks still facing Eurozone recovery
The profitability of European banks, weak inflation and the recovery's dependence on accommodating monetary policy are the three immediate risks facing the Eurozone, Mario Draghi has said. EURACTIV’s partner Milano Finanza reports.
Trump, Wall Street and the banks: Massive deregulation ahead
Donald Trump’s promise to cut red tape in the financial sector is one of the few areas the president-elect has been consistent. Despite his anti-Wall Street rhetoric, the billionnaire is close to America's financial hub. EURACTIV's partner La Tribune reports.
Jean Tirole: ‘I hope Europe and the UK can prevent Brexit’
Brexit triumphed through demagogy and populism, according to the economist Jean Tirole, who calls for a U-turn to prevent Europe falling to the forces of separatism.
German companies touted as possible Deutsche Bank saviours
Germany's biggest companies could band together to save struggling financial powerhouse Deutsche Bank from slipping further into crisis. It’s an option that could rule out the need for a public bailout. EURACTIV’s partner La Tribune reports.
Financial expert: Deutsche Bank collapse ‘would probably trigger new global financial crisis’
Deutsche Bank is in crisis mode and its collapse could signal the beginning of a whole new set of economic woes for Germany, the EU and even the entire global financial system, expert Michael Schröder told EURACTIV Germany. But he insists that state aid is not the answer.
Deutsche Bank plunges to historic low
Fears that Deutsche Bank will have to raise capital, in order to pay its US Justice Department fine for misselling subprime mortgages, have seen it suffer badly. Angela Merkel has ruled out state aid. EURACTIV’s partner Milano Finanza reports.
Workers will lose jobs in green revolution, admits EU’s energy boss
Workers will lose their jobs as Europe shifts to a green economy, European Commission Vice-President Maroš Šefčovič has admitted, amid warnings the world faces political and economic turmoil not witnessed since the 1930s.