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Economy & Jobs 09-10-2012

Eurogroup launches permanent rescue fund, says Spain does not need bailout

Eurozone's new permanent rescue fund was launched on Monday at a meeting of finance ministers in Luxembourg. Funded by taxpayers' money, the so-called European Stability Mechanism will have a 500 bn euro budget to help finance debt-ridden countries.
Euro & Finance 13-06-2012

MEPs to pass economic governance ‘two-pack’

  The new economic governance rules to strengthen eurozone budgetary discipline, known as the ‘two-pack’, are expected to be passed in a vote today (13 June) in the European Parliament. 
Euro & Finance 06-06-2012

Germany pushes Spain to accept aid

Spain has admitted it is losing access to credit markets and appealed to its European partners to help revive its banks, a distress signal that will intensify global pressure on Europe to move faster to the aid of its fourth-largest economy. 
Central Europe 20-02-2012

EU readies economic sanctions against Hungary

Hungary is set to become the first country hit by the EU's new economic sanctions as the European Commission prepares to announce proposals to suspend part of the country's regional funding for failing to correct its excessive deficit.
Euro & Finance 05-08-2011

Rehn admits Commission failings

Economic and Monetary Affairs Commissioner Olli Rehn today (5 August) apologised for “bad communication” that might have added fuel to the burning euro zone crisis. In a lengthy speech laced with explanations he attempted to mollify capitals irritated by a recent letter by his boss, Commission President José Manuel Barroso.
Euro & Finance 23-06-2011

Rehn bids to woo MEPs with Eurobonds plan

EU Economics Commission Olli Rehn announced yesterday (22 June) in the European Parliament that Brussels was planning to present a report on Eurobonds which could be accompanied "by legislative proposals" on common eurozone securities. The move is seen as a tactical step to win the Parliament's support for other economic governance dossiers.
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