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Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

Japan, EU agree to speed up talks over stalled free trade deal 30 May 2015, 10:59 CET
Japan and the European Union on Friday agreed to speed up talks over a long-stalled Free Trade Agreement, while voicing concerns over China's territorial claims in the South China Sea.

Turnaround as Bank of Cyprus sees EUR 29m Q1 profit 29 May 2015, 22:11 CET
Bank of Cyprus, the east Mediterranean island's largest lender, on Friday posted a 29-million-euro ($32-million) post-tax profit in the first quarter.

Hungary PM wants to make EU 'better', but not leave it 29 May 2015, 16:27 CET
Hungary's prime minister said on Friday he wanted to improve the European Union but not leave the bloc, as his British counterpart David Cameron courted European capitals for EU reform.

G7 nations push for 'code of conduct' for bankers 29 May 2015, 16:07 CET
The finance ministers and central bank chiefs of the world's wealthiest nations are pushing for a "code of conduct" for banking professionals, the head of the German central bank, Jens Weidmann, said Friday.

'There is no Grexit scenario': France's Sapin 29 May 2015, 14:42 CET
Eurozone countries are not expecting Greece to quit the single currency, French Finance Minister Michel Sapin said Friday, as time runs out for Athens and its creditors to reach a deal.

Germany's Schaueble plays down positive reports from Athens 29 May 2015, 14:12 CET
German Finance Minister Wolfgang Schaeuble sought to play down Friday assertions by Athens that Greece is on the verge of reaching a deal with its creditors.

Greece mixes messages on expectations for deal 29 May 2015, 13:50 CET
Greece said Friday that the deadline for reaching an accord to release much-needed bailout funds was the end of June, despite officials raising hopes of a deal being imminent as it flirts with the possibility of a default.

Euro weaker as IMF chief warns Greece could leave Eurozone - Euro Currency update 29 May 2015, 12:19 CET
The Euro weakened against its major peers as worries over Greece continue to weigh upon sentiment towards the single currency.

Japan-EU summit to discuss stalled free trade deal 29 May 2015, 11:58 CET
Japan and the European Union will hold summit talks later Friday, with a long-stalled Free Trade Agreement expected to be on the agenda.

Consultation on a Circular Economy 28 May 2015, 22:13 CET
The European Commission has opened a public consultation to collect views on the main policy options for developing an ambitious new approach on the Circular Economy. Stakeholders' input will help feed the preparation of the new action plan, to be presented by the end of 2015.

New status for single-member private limited liability companies 28 May 2015, 22:08 CET
The EU presidency said on 28 May the Council has agreed on a compromise text for a draft directive aimed at creating a new status for single-member private limited liability companies.

Greece euro exit 'a potential': IMF chief 28 May 2015, 21:52 CET
Greece's exit from the eurozone is a possibility but would not signify an end to the single currency, International Monetary Fund chief Christine Lagarde said in a newspaper interview Thursday.

Balkan nations say EU economic aid key for stability 28 May 2015, 19:01 CET
The prime ministers of six Balkans nations called Thursday on the European Union to help finance their economic development, stressing it is key for the volatile region's stability.

MEPs vote delivers mixed bag for consumers on TTIP talks 28 May 2015, 15:50 CET
The European Parliament’s trade committee has issued its view on the Transatlantic Trade and Investment Partnership (TTIP). The committee’s report will be confirmed by the entire plenary by vote on 10 June and gives clear instructions to the European Commission as it is negotiating TTIP with the US on behalf of the EU.

Greek design picked for commemorative euro coin 28 May 2015, 15:43 CET
Greece's future in the euro may be in doubt, but the EU has nevertheless picked a Greek design for a special coin for the 30th anniversary of the bloc's official flag.

Greece hoping for deal to unlock bailout funds by Sunday 28 May 2015, 15:37 CET
Greece said it hopes to conclude by Sunday a deal with its international creditors to unlock much-needed bailout funds.

EU says Greek deal 'not there yet' 28 May 2015, 13:07 CET
The European Union poured cold water Thursday on Greece's claims that a deal on its bailout was near, insisting that more progress was needed in talks between Athens and its creditors.

EU-Swiss accord to end banking secrecy 28 May 2015, 13:00 CET
The European Union and Switzerland have signed a major accord to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.

Weak growth, Greece pose risk to financial stability: ECB 28 May 2015, 12:47 CET
The European Central Bank said Thursday that financial stability has increased recently in the euro area, but warned that weak growth in the region and the Greek crisis could pose risks in the future.

Greek pro-EU party pledges to back loan deal 28 May 2015, 10:52 CET
Greece's fourth-largest party, pro-EU To Potami, on Thursday pledged to back a new deal between the country and its creditors that could face a rocky ride through parliament.

EBF urges rethink of BSR after ECON vote does not deliver way forward 27 May 2015, 23:26 CET
The European Banking Federation, taking note of Tuesday night’s vote in the European Parliament’s Economic and Monetary Affairs Committee (ECON), remains deeply concerned over the EU Banking Structural Reform proposal (BSR) that seeks to break up the largest European banks.

Greece touts imminent loan deal, creditors cautious 27 May 2015, 21:47 CET
Greece on Wednesday said it was close to a loan deal with its EU-IMF creditors that would unlock badly-needed bailout loans for its struggling economy.

Experts from Greece and creditors drafting loan deal 27 May 2015, 17:04 CET
Technical experts representing Greece and its creditors are to start drafting Wednesday a long-awaited agreement that would release much needed bailout loans for the struggling eurozone country, a Greek government source said.

Commission draft EU budget 2016 27 May 2015, 14:29 CET
The European Commission proposed on 27 May a 2016 EU budget of EUR 143.5 billion in payment credits to support the recovery of the European economy and help improve lives in Europe and beyond. The money will be invested to boost innovation, create jobs, help convergence among Member States and among regions, deal more effectively with migration and further strengthen the role of the EU as a global player. The proposal also includes contributions to the European Fund for Strategic Investment (EFSI), which is at the heart of the Investment Plan for Europe. Today’s draft will be sent to the European Parliament and EU Member States who will jointly decide on the final budget.

Greece talks need to 'speed up': Commissioner 27 May 2015, 10:50 CET
Talks between Greece and its creditors need to "speed up", the EU's Economic and Financial Affairs Commissioner said Tuesday, as the Greek government warned that it was running out of money.