A major innovation in the next long-term EU budget proposed by the European Commission yesterday (2 May) is the conditionality between EU funding and the rule of law. But the country holding the EU Presidency voiced its own clear rejection.
European Union finance ministers agreed on Tuesday (23 January) to remove eight jurisdictions, including much-criticised Panama, from the bloc’s blacklist of tax havens, one month after the list was set up. The decision prompted an outcry from lawmakers and activists.
Bulgaria has a long way to go before it is ready to adopt the euro but allowing Sofia into the Exchange Rate Mechanism (ERM-2) will be an acknowledgment of the Balkan country's reform efforts, its finance minister said today (2 June).
Bulgaria will begin talks on adopting the euro, its finance minister said on Thursday (15 January), adding that the Balkan country may join the preliminary exchange-rate mechanism for eurozone entry by the end of 2018, Nova television reported.