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Economy & Jobs 09-08-2018

Italy’s economy minister: Lower growth, higher deficit next year

Italy on Wednesday (8 August) cut its forecasts for economic growth and said the country's public deficit this year and in 2019 would be larger than previously forecast, potentially lining it up for a clash with Brussels.
Europe's East 02-08-2018

Ukraine goes back to the future as IMF programme stutters

Ukraine's backsliding on reforms continues a national tradition: a Reuters study of data since 1994 shows it has drawn less than half the IMF funds it could have received, with commitment to change often weakening when economic indicators improve.
Brexit 19-07-2018

European economy to lose 1.5% of GDP with ‘no-deal’ Brexit

EU member states will suffer long-term damage equivalent to about 1.5% of annual economic output by 2030 if Britain leaves the bloc without a free trade deal next year, the International Monetary Fund warned on Thursday (19 July).
Economy & Jobs 22-06-2018

Eurogroup reaches ‘historic’ deal on debt relief for Greece

In the early hours of Friday (22 June), the Eurogroup reached an “historic” deal on a debt relief for Greece, solving the last political hurdle to conclude its rescue programme after more than eight years.
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).
Global Europe 12-06-2018

Lagarde says global economic outlook darkening by the day

International Monetary Fund chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day".
Future EU 28-05-2018

Technocrat PM to take over in Italy as President steps in to protect the euro

Italy's president is expected to ask a former International Monetary Fund official today (28 May) to head a stopgap government amidst political and constitutional turmoil, with early elections looking inevitable.
Economy & Jobs 17-04-2018

European Parliament sounds the alarm over developing world debt crisis

The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera.
Future EU 28-03-2018

IMF demands €100 billion from Germany for eurozone safeguard

The IMF has a big plan: A multi-billion rainy day fund is meant to strengthen the euro. According to the proposal, Germany alone is supposed to pay €10 billion per year for a 10-year period. EURACTIV Germany’s media partner "WirtschaftsWoche” reports.
Economy & Jobs 30-01-2018

How to save the generation Europe left behind

To establish a new Europe that moves forward, it is important that Europe seizes technological innovation to ensure young Europeans are not left behind, writes Andrianos Giannou.
Economy & Jobs 07-12-2017

Commission wants single eurozone seat at IMF plan adopted by end of mandate

The European Commission is pushing for the adoption, by mid-2019, of the proposal to create a unified seat at the International Monetary Fund, as part of its package to strengthen the economic and monetary union presented on Wednesday (6 December).
Economy & Jobs 25-08-2017

Drought takes its toll on Serbia’s economic growth

Serbia plans to compensate for lower than planned GDP growth in 2017. Although, according to officials, economic indicators are good, the drought has taken its toll and forced the government to change its estimates. EURACTIV.rs reports.
Economy & Jobs 18-07-2017

Germany made more than €1bn out of Greek crisis

Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis. EURACTIV’s partner La Tribune reports.
Europe's East 28-06-2017

A quiet Ukrainian success for the EU

The EU may have its hands full with Donald Trump and Brexit. But quietly, modestly, things are starting to go right in Ukraine, writes Sir Graham Watson.
Economy & Jobs 14-06-2017

Moscovici sees deal on Greek loans, fair solution on debt

European Union Currency Commissioner Pierre Moscovici said he expects Greece and its international lenders to reach a compromise deal on new loans this week and that a "fair solution" will be found on debt relief.
Economy & Jobs 08-06-2017

Greek PM calls for EU investment to break debt deadlock

Greece's Prime Minister Alexis Tsipras on Wednesday (7 June) urged the EU to commit to investment aimed at boosting Greek growth in order to break a deadlock between European creditors and the IMF over the nation's debt.
Economy & Jobs 29-05-2017

Tsipras to wear a tie if debt talks succeed

A possible EU-IMF deal on 15 June over debt relief designed to boost Greece's recovery is also set to leave a mark - albeit temporary - on Greek Prime Minister Alexis Tsipras's chest.
Elections 23-05-2017

Eurozone fails to reach Greece debt deal amid IMF row

Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece yesterday (22 May), as a row with the International Monetary Fund over debt relief dragged on.
Economic governance 05-05-2017

Eurozone to mull Greek debt relief once reforms take place

Eurozone governments will consider medium-term debt relief for Greece as promised in a statement in May 2016 once Athens implements the reforms it agreed to earlier this week, a eurozone official said on Thursday (4 May).
Europe's East 03-05-2017

IMF approves more money for Moldova, EU cash in the pipeline

The International Monetary Fund has approved the disbursement of a second loan tranche to Moldova worth $21.5 million, citing stronger-than-expected growth. EURACTIV Romania reports.
Economy & Jobs 27-04-2017

W20 Summit champions women’s interests ahead of G20

At the Women20 Summit in Berlin, female leaders from around the world discussed how to promote economic empowerment of women on the agenda of a still male-dominated G20 leadership. EURACTIV Germany reports.
Economy & Jobs 26-04-2017

Greece calls for debt relief as bailout talks resume in Athens

Greece's prime minister held out for a commitment from lenders to debt relief on Tuesday (25 April), and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a 22 May target.
Elections 21-04-2017

Greek 2016 primary surplus at surprisingly high level

Greece in 2016 registered a primary surplus of 3.9% of output, its statistics agency said today (21 April), in an important announcement for the country's reform talks with its creditors.