Finance and Monetary Affairs in the EU
Latest news on economic and monetary affairs in the European Union.
- EU bailout fund rescues Greece's top bank — 01 December 2015, 13:27 CET
The eurozone's bailout fund rescued Greece's largest bank on Tuesday,
launching a recapitalisation process that is a crucial part of the
country's third loan programme in five years.
- Eurozone unemployment falls in October — 01 December 2015, 11:49 CET
Eurozone unemployment slipped to its lowest level for nearly four years
in October, official data showed on Tuesday, beating analyst expectations and confirming a slow recovery in Europe's job market.
- Not too much expected of Euro ahead of Thursday's ECB meet - Euro Currency update — 01 December 2015, 11:31 CET
You could be forgiven for thinking the euro might not do a lot between now and the ECB’s monetary policy announcement on Thursday.
- Overhaul for EU prospectus rules — 30 November 2015, 18:25 CET
The European Commission has proposed to overhaul prospectus rules to improve access to finance for companies and simplify information for investors. Small and medium-sized companies in particular will find it easier to raise funding when issuing shares or debt. Companies already listed on public markets will benefit when they want to list additional shares or issue corporate bonds.
- Annual Growth Survey 2016 — 26 November 2015, 22:40 CET
The European Commission's package launches the annual cycle of economic governance. It sets out general economic and social priorities for the EU and gives Member States policy guidance for the following year. Policy challenges vary across countries, so responses will also vary. However, there are overarching themes that affect the EU as a whole. To strengthen the recovery and foster convergence, the Commission recommends building on the three main pillars identified last year for the EU's economic and social policy: re-launching investment, pursuing structural reforms and responsible fiscal policies.
- EBF statement on European Deposit Insurance Scheme proposal — 26 November 2015, 22:14 CET
While European banks support the completion of the Banking Union with the creation of a single European Deposit Insurance Scheme (EDIS) as its third and final pillar, the process and pace for the introduction of this scheme is surprising given the EU’s Better Regulation initiative. The EDIS proposal requires careful examination.
- EU Banking Union: new measures to reinforce deposit protection and further reduce banking risks — 25 November 2015, 00:25 CET
The European Commission proposed on 24 November euro-area wide insurance scheme for bank deposits and has set out further measures to reduce remaining risks in the banking sector in parallel.
- Eurozone approves bailout payment to Greece — 24 November 2015, 16:34 CET
Eurozone finance ministers approved a two billion euro payment to Greece on Monday, declaring that Athens had successfully met the strict reform commitments demanded in the country's bailout.
- ECB launches 20-euro note with enhanced security — 24 November 2015, 16:30 CET
The European Central Bank on Wednesday will launch into circulation a
new 20-euro banknote with enhanced security features to foil counterfeiters.
- UK poll shows shift in favour of 'Brexit' — 24 November 2015, 15:12 CET
A majority of Britons want to leave the European Union, according to a
new opinion poll on Tuesday.
- Top Greek banks pass recapitalisation hurdle — 23 November 2015, 21:26 CET
Greece's top four banks have raised over 5.0 billion euros in private funds, officials said Monday, which together with EU funds should be enough to meet their recapitalisation needs so they can support the country's struggling economy.
- Austria's migrant spending won't count towards EU deficit target — 23 November 2015, 13:02 CET
Austria said Monday it had won agreement from the EU to exclude spending
on the migrant crisis from eurozone deficit target calculations.
- Eurozone economy picks up pace in November: survey — 23 November 2015, 12:36 CET
Eurozone business activity hit a four-and-a-half year high in November, helping create much-needed jobs in a broad-based upturn despite the impact on France of the Paris attacks, a key survey showed Monday.
- Greek government takes losses in home foreclosures vote — 19 November 2015, 22:13 CET
Greece's leftist government narrowly pushed a bailout reform vote
through parliament Thursday, but saw its majority dwindle after axing
two lawmakers who refused to support a home foreclosures bill.
- France says new security to cost EUR 600m in 2016 — 19 November 2015, 18:02 CET
France revealed Thursday it will spend an extra 600 million euros ($641
million) next year to ramp up security after the Paris attacks.
- Greek government lawmakers break ranks ahead of reforms vote — 19 November 2015, 17:55 CET
Greece's leftist government suffered a double blow on Thursday shortly
before a bailout reform vote, with one lawmaker resigning and a second
pledging to reject the bill.
- Greece secures deal to unlock EUR 12 bn bailout funds — 18 November 2015, 18:33 CET
Greece announced on Tuesday that it has struck a deal with its international creditors to unblock some 12 billion euros in much-needed bailout loans.
- EU ready to ease budget rules for migration crisis — 17 November 2015, 19:58 CET
The European Union says it is ready to ease budgetary rules for eurozone countries to help them deal with an unprecedented influx of migrants from war and repression in Syria and other conflict zones.
- Spain backs France's decision to miss EU deficit target — 17 November 2015, 17:02 CET
Spain on Tuesday backed France's decision to let EU deficit obligations
slide in order to step up spending on security in the wake of the Paris
- France warns won't meet EU deficit targets as steps up security spending — 17 November 2015, 13:43 CET
Additional spending on security in the wake of the Paris terror attacks
means that France will not be able to meet its EU budget obligations,
Prime Minister Manuel Valls said on Tuesday.
- Greece creditors ready to pay out EUR 12bn: Dijsselbloem — 17 November 2015, 13:37 CET
Greece's international creditors are ready to pay out 12 billion euros in much needed bailout funds and bank aid, Eurogroup chief Jeroen Dijsselbloem said on Tuesday.
- EU says budget rules to take French security into account after attacks — 17 November 2015, 12:27 CET
The European Union said Tuesday it was ready to take French security
priorities into account after France said it was likely to break
eurozone deficit rules because of extra spending after the Paris
- EU Budget 2016 deal: more funding for refugees and jobs — 16 November 2015, 15:49 CET
The European Parliament reached a provisional deal on 14 November with the Council on the 2016 European budget. The agreement significantly strengthens the EU response to the refugee crisis both within and outside the EU. More money will go to aid for refugees in our neighbourhood. The budget will also boost investment in competitiveness, jobs and growth, supporting the recovery of the European economy.
- Greece, creditors resolve 'many' issues: Dijsselbloem — 15 November 2015, 13:47 CET
Greece and its creditors have agreed on "many" of the issues that had to
be resolved for Athens to receive more bailout funds but will hold more
talks in the coming days, Eurogroup chief Jeroen Dijsselbloem said
- Eurozone economy cools as China slowdown hurts exports — 14 November 2015, 14:09 CET
Growth in the 19-nation eurozone slowed in the third quarter as low
demand from China hurt Germany and applied a stiff handbrake on an
already weak recovery in Europe.