About: Valdis Dombrovskis

Climate change 27-02-2020

Commission lists regions ripe for just transition cash

The European Commission revealed on Wednesday (26 February) which specific parts of the EU are eligible to split a €7.5 billion-strong climate fund, earmarked for spending on cleaning up heavy industry and supporting workers in the fossil fuel industry.
Economic governance 26-02-2020

Dombrovskis: EU’s fiscal rules are flexible for impact of coronavirus

The European Commission will be "flexible" with Italy and other member states affected by the coronavirus when assessing their efforts to balance their public accounts, European Commission vice-president Valdis Dombrovskis said in an interview.
Economy & Jobs 21-02-2020

Bulgaria delays entry into euro ‘waiting room’ until July

Bulgaria has delayed until July its plans to join the ERM2 Exchange Rate Mechanism, also known as the eurozone "waiting room", Prime Minister Boyko Borissov said Friday (21 February).
Economy & Jobs 18-02-2020

EU expands tax heavens blacklist to Cayman Islands and Panama

EU finance ministers added on Tuesday (18 February) the Cayman Islands and Panama, together with Palau and the Seychelles, to the bloc's blacklist of tax havens, which now includes twelve countries.

Question marks raised over scale of EU’s new climate fund

The European Commission finally lifted the lid on its long-awaited just transition plans on Tuesday (14 January) but doubts have already been raised over the amount of funding on offer for the next decade compared to the bloc's Green Deal ambitions.
Economic governance 21-11-2019

EU concerned over France, Italy and Spain debts

Reduction of public debt should be the main priority for France, Italy, and Spain, which have "failed to put their finances in order" during the economic upswing of recent years, the European Commission warned on Wednesday (20 November) at the presentation of the autumn fiscal package.
Economy & Jobs 08-11-2019

EU finance and education ministers hold ‘historic’ meeting to boost skills investment

Ministers for Finance and Education of the EU member states met on Friday (7 November) for the first-ever joint Council with the aim of discussing the importance of education for a strong economy. 
Economy & Jobs 08-10-2019

Commissioner hearings LIVE: Valdis Dombrovskis

On Tuesday (8 October), three executive vice-presidents are lined up for grilling in the European Parliament. This liveblog covers the hearing of Valdis Dombrovskis (Latvia, Economy that Works for People).
Competition 11-09-2019

A new team to defend Europe’s economic sovereignty

Achieving a “more assertive” Europe that can improve its competitiveness and sovereignty in an increasingly hostile world. These are the main guidelines of President-elect Ursula von der Leyen to the new College of Commissioners, unveiled on Tuesday (10 September).
Economy & Jobs 25-07-2019

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.
EU Elections 2019 27-06-2019

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). 
Economy & Jobs 13-06-2019

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. 
EU Elections 2019 28-05-2019

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.
Brexit 02-04-2019

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.
Economic governance 19-12-2018

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).
Banking union 18-12-2018

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).
Economy & Jobs 11-12-2018

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.
Economic governance 30-11-2018

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.
Economic governance 21-11-2018

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.
Economy & Jobs 15-11-2018

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.
Banking union 15-10-2018

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).
Elections 02-10-2018

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.
Economy & Jobs 20-08-2018

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.

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