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Finance and Monetary Affairs in the EU

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

Greek minister raises possibility of fresh election 25 April 2015, 22:07 CET
The interior minister of cash-strapped Greece has raised the possibility of fresh elections to give Greeks the last word on the government's economic policy.

EU ministers back tax avoidance clampdown 25 April 2015, 14:26 CET
European finance ministers on Saturday backed efforts to fight rampant tax avoidance by multinationals in the wake of the LuxLeaks scandal, but European Union members face tough negotiations to work out the details.

Europe pushes Greece in bogged down debt talks 25 April 2015, 12:41 CET
European ministers heaped pressure on Greece Friday to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks.

South Sudan leaders must strike deal for sake of nation: EU aid chief 25 April 2015, 12:39 CET
South Sudan's warring leaders must strike a compromise deal, the European Union's aid chief said Saturday, warning the international community was running out of patience over the country's civil war.

Luxembourg court charges LuxLeaks journalist 24 April 2015, 20:26 CET
Luxembourg charged Thursday the French journalist behind the revealing of the so-called LuxLeaks scandal that implicated the small European country in lowering tax rates for multinationals.

Europe says progress 'not sufficient' for Greece debt deal 24 April 2015, 12:16 CET
The EU's top eurozone official warned Friday of insufficient progress in difficult debt talks with Greece to unblock sorely-needed bailout funds as cash-strapped Athens signalled compromise.

Euro remains under pressure as 'Grexit' talk intensifies - Euro Currency update 24 April 2015, 12:03 CET
The Euro remains under heavy pressure against its peers as economists expect no deal to be reached between Greece and its creditors at today’s meeting in Riga.

Eurozone recovery 'is there' says ECB board member 23 April 2015, 23:00 CET
Economic recovery has arrived in the 19 countries that share the euro, but it is up to governments to ensure it endures, European Central Bank executive board member Benoit Coeure said on Thursday.

"Fight tax havens, start with the European Investment Bank", argues new report 23 April 2015, 22:40 CET
The European Investment Bank (EIB) was the first Development Financial Institution (DFI) to adopt a tax haven policy in 2009. However, more than five years on EIB money still runs via tax havens. A new report by Counter Balance and Re:Common* ‘Towards a Responsible Taxation Policy for the EIB’ which is launched today calls on the EU’s public bank to grasp the political momentum at EU level to prevent any public money from flowing through tax havens.

Eurozone business activity disappoints in April: Markit 23 April 2015, 11:16 CET
Eurozone business activity slowed in April after hitting an 11-month high in March, denting hopes that a massive European Central Bank stimulus programme would give the economy a quick boost, a key survey showed Thursday.

Poland pledges EUR 8.0 bn to Juncker growth plan 22 April 2015, 16:20 CET
Poland will commit 8.0 billion euros as part of European Commission President Jean-Claude Juncker's plan to boost economic growth, the EU said on Tuesday.

EU gives Ukraine EUR 250m in aid 21 April 2015, 16:58 CET
The EU announced Tuesday payment of 250 million euros in aid loans to Ukraine, bringing the total to 1.6 billion euros to support the economy battered by a war against pro-Russian rebels in the east.

Tsipras to meet Merkel Thursday in Brussels 21 April 2015, 16:56 CET
Greek Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel Thursday on the sidelines of an EU summit, the Athens government said as it continues to wrangle with creditors over a new rescue package.

Euro central banks lent EUR 110 bn to Greek banks: report 20 April 2015, 19:21 CET
European central banks have lent 110 billion euros to Greek banks, the head of France's monetary authority said in comments published Monday, warning that any move by Athens to leave the eurozone would be "traumatic."

Greece will not cross 'red lines' on debt talks: deputy PM 19 April 2015, 21:45 CET
Greece's deputy prime minister Ioannis Dragasakis said Sunday that Athens would stand firm on its red lines in negotiations with its creditors for billions in aid, despite escalating fears that the country could soon be forced to default.

Blacklisted Russian deputy PM angers Norway with Arctic visit 19 April 2015, 17:57 CET
Norway said Sunday it was angry that Russia's deputy prime minister visited its Arctic Svalbard archipelago this weekend even though he is banned from Norwegian territory over Russia's role in the Ukraine conflict.

Cyprus bailout on track after foreclosure law passed 19 April 2015, 09:28 CET
Cyprus's bailout agenda was back on track Saturday after parliament adopted a controversial and long-delayed foreclosure and insolvency package as demanded by the country's international lenders.

Draghi: 'More work needed now' by Greece for debt deal 19 April 2015, 09:26 CET
European Central Bank chief Mario Draghi said Saturday that Greece needs to do much more, and urgently so, on an acceptable plan to gain further EU financing.

Greek euro exit fears rise as IMF rebuffs payment delay 19 April 2015, 09:26 CET
Top European officials and Greece's finance minister were on Thursday forced to play down fears that the country was poised to exit the eurozone, after the IMF rejected suggestions that Athens would postpone loan repayments.

Greece, creditors to hold more debt talks Saturday 18 April 2015, 12:00 CET
Greece and its international creditors will meet Saturday in Paris to discuss Athens' massive debt bailout programme and reforms it must adopt in exchange for urgently needed funds, sources said.

US piles pressure on Athens as Greek crisis roils markets 18 April 2015, 00:27 CET
The United States piled pressure on Greece Friday to agree to key reforms to obtain new EU financing, but equity markets sank in fear that Athens is headed for default.

US: Greek deal failure would spur economic uncertainty 17 April 2015, 23:27 CET
US Treasury Secretary Jacob Lew warned Friday that the European and global economies could face uncertainty if European Union negotiations on more financing for Greece fail.

Cyprus delays key foreclosure vote as protests turn violent 17 April 2015, 20:47 CET
The Cypriot parliament delayed voting Friday on controversial foreclosure legislation demanded by international lenders after protesters scuffled with police outside parliament.

Obama urges 'major progress' this year on US-EU trade pact 17 April 2015, 20:31 CET
US President Barack Obama on Friday called for "major progress" in 2015 on a huge free trade agreement currently under negotiation between Washington and the 28-member European Union.

Greece, creditors to hold more debt talks Saturday 17 April 2015, 14:11 CET
Greece and its international creditors will meet Saturday in Brussels to discuss Athens' massive debt bailout programme and reforms it must adopt in exchange for urgently needed funds, the EU said Friday.