About: Valdis Dombrovskis
More Europe needed to fight money laundering, Commission argues
The EU needs more competences to effectively fight money laundry, Vice-President for the Euro Valdis Dombrovskis and Commissioner for Justice Věra Jourová told reporters on Wednesday (24 July) during the presentation of a series of reports on financial crimes.
Vestager will stay in Brussels, even without EU Commission presidency
Danish EU Commissioner Margrethe Vestager will stay in Brussels for a second term, the Scandinavian nation’s new prime minister announced yesterday (26 June), even if she fails in her bid to become the next President of the European Commission.
One third of trade unionists voted for the far-right at last EU election
The European social contract is broken and inclusive economic policies should be on the top of the next European Commission's agenda, policymakers said at the Brussels Economic Forum on Tuesday (18 June).
Eurogroup to nudge forward EMU reform before next week’s EU summit
EU finance ministers will try to close a deal on deepening the Economic and Monetary Union, including a tentative new budget for the eurozone, during the Eurogroup meeting on Thursday (13 June) in an inclusive format.
Will they step down? Five Commissioners elected as MEPs
Five members of the Juncker Commission have been elected as MEPs, the EU executive confirmed on Tuesday (28 May). What remains to be seen is whether they will take their seats in the European Parliament or stay on as Commissioners.
Dombrovskis warns of ‘disruptions’ in case of disorderly Brexit
European Commission Vice-President Valdis Dombrovskis warned on Tuesday (2 April) that UK’s disorderly departure from the EU could cause “disruptions” following decades of financial integration and bring volatility to markets and business operations.
EU freezes budget disciplinary procedure against Italy
The solution offered to the European Commission is not ‘ideal’ but Italy's efforts are sufficient to avoid the launch of the excessive deficit procedure, the EU executive announced on Wednesday (19 December).
EU lawmakers agree on a backstop for non-performing loans
European banks will have to foresee a "prudential backstop" to cover for potential non-performing loans (NPLs), the European Parliament and the Council agreed on Tuesday (18 December).
Macron announces financial concessions in bid to end ‘yellow vest’ revolt
Embattled French President Emmanuel Macron Monday (10 December) announced a series of financial measures seeking to defuse the "yellow vest" revolt that has triggered violent protests in cities across the country.
Italy one step closer to EU budget procedure
Italy’s deputy Prime Minister Luigi Di Maio said he was confident about ongoing talks with the European Commission over the country’s budget, despite a fresh recommendation by EU government representatives on Thursday (29 November) to open an excessive deficit procedure against Italy.
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.
Italy sticks to its guns in revised budget submitted to EU
Italy defied Brussels again on Tuesday (13 November) as Finance Minister Giovanni Tria presented only a slightly modified draft budget, despite the European Commission rejecting the previous spending plan in an unprecedented decision.
EU authorities defend Popular’s resolution despite thousands of complaints
Banco Popular intervention was a success story although more than 12,000 of the Spanish bank's shareholders requested to be heard in the complaint process, the European Commission and the Single Resolution Board (SRB) said on Monday (15 October).
Juncker raps Italy for putting euro at risk, Di Maio denounces fiscal ‘terrorism’
A war of words took place days after Rome announced a big spending boost in defiance of the European Union that has spooked the markets and has EU capitals fearing a return of the debt crisis.
Greece exits bailout programme but faces hard times ahead
Greece concluded its rescue programme on Monday (20 August), marking a milestone in its recent history and the end of the most difficult period for the euro area, but analysts and officials said the country faces an uphill struggle to maintain its economy sustainable.
Bulgaria edges closer to joining euro
Bulgaria, the European Union's poorest country, moved a step closer to joining the euro yesterday (12 July).
Commission approves close surveillance of Greece after bailout
The European Commission adopted a set of measures on Wednesday (11 July) to closely monitor Greece's fiscal policy after it concludes an eight-year-long bailout programme on 20 August, closing one of the darkest chapter's in the single currency's short history.
Commission hails similarities with Merkel’s eurozone proposals
European Commission Vice-President Valdis Dombrovskis welcomed German Chancellor Angela Merkel’s proposals to strengthen the euro area, noting the similarities between the Bundesrepublik's and EU executive’s ideas on structural reform and investment support.
Unemployment peaks to trigger new investment shield
A spike in unemployment numbers would give EU countries access to €30 billion of soft loans to maintain investment in times of economic turbulences, according to proposals unveiled by the European Commission on Thursday (31 May).
Commission’s bond-backed product gets lukewarm reception
Financial representatives poured cold water on Thursday (24 May) on the European Commission’s proposal to create sovereign bond-backed securities (SBBS), insisting that not all the elements exist yet for a successful market for the product.
Commission demands ‘credible response’ from Italy to reduce debt
The European Commission on Wednesday (23 May) approved Italy’s efforts to balance its public accounts but asked the new government for a “credible response” in order to further reduce its immense public debt.
Commission’s Eurobond alternative still viewed with scepticism
The European Commission has said that the zero-risk weight of its forthcoming sovereign bond-backed securities proposal will be a ‘game changer’, but member states and the financial sector remain sceptical about how the new asset could work in practice.
Commission defends ‘equivalence’ with UK for financial services
European Commission Vice-President Valdis Dombrovskis told the UK’s financial sector on Tuesday (24 April) that the EU and UK regimes could co-exist together after Brexit, but warned that London would not have a say in the decision-making process.