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Finance and Monetary Affairs in the EU

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

Euro news - Daily Currency update 29 April 2016, 11:29 CET

MEPs vote to end manipulation of benchmark interest rates 28 April 2016, 15:58 CET
The European Parliament delivered a boost for financial market stability in the EU Thursday by voting in a new law to ensure robust and transparent benchmark setting.

Big variations in jobless across EU regions 28 April 2016, 12:28 CET
While unemployment rates fell in the majority of EU regions in 2015 compared with the previous year, figures from Eurostat show a huge variation in the levels of unemployment across Europe.

More Europeans age 30-34 complete tertiary education 27 April 2016, 23:57 CET
An increasing number of Europeans aged 30 to 34 complete tertiary education - from 23.6% in 2002 to 38.7% in 2015 - while there are fewer and fewer early leavers from education and training, figures from Eurostat show.

Eurozone needs 'simpler budget rules': Dijsselbloem 27 April 2016, 18:04 CET
"The budget rules for countries in the eurozone need to be simpler, more predictable and easier to explain," said Eurogroup chief Jeroen Dijsselbloem, at an informal meeting of EU finance ministers in Amsterdam Sunday.

70 pct employment for 20-64 yr-olds in EU 27 April 2016, 18:01 CET
The employment rate of the EU population aged 20 to 64 stood at 70.1% in 2015, up compared with 2014 (69.2%), but still slightly below its 2008 peak (70.3%), according to Eurostat, the EU's statistical office.

EU okays Worldline acquisition of Equens and PaySquare 20 April 2016, 17:06 CET
The European Commission gave its approval Wednesday, subject to conditions, of the proposed acquisition of Equens and its subsidiary PaySquare by Worldline, under the EU Merger Regulation.

EU public procurement changes come into force 19 April 2016, 19:22 CET
New rules designed to open up the EU's public procurement market to competition and prevent 'buy national' policies by public authorities came into force on Monday.

Trade surplus for EU in February of EUR 3.0 bn 16 April 2016, 00:50 CET
The EU recorded a surplus in trade in goods with the rest of the world of EUR 3.0 bn in February, compared with +EUR 1.8 bn in February 2015, according to first estimates from Eurostat, the EU's statistical office.

Eurozone industrial production down 0.8 pct 14 April 2016, 23:07 CET
In February 2016 compared with January 2016, seasonally adjusted industrial production fell by 0.8% in the euro area and by 0.7% in the EU28, according to estimates from Eurostat, the EU's statistical office.

EU development aid - highest-ever share of Gross National Income 13 April 2016, 13:47 CET
Preliminary figures show that collectively, the EU - EU institutions and Member States – have increased Official Development Assistance (ODA) to EUR 68 billion in 2015 (up 15% from EUR 59 billion in 2014) – growing for the third year in a row (and reaching its highest level to date). EU collective ODA represented 0.47% of EU Gross National Income (GNI) in 2015, an increase from 0.43% in 2014. This is significantly above the non-EU Development Assistance Committee (DAC) country average of 0.21% ODA/GNI.

Euro area house prices grew 2. 9 pct in Q4 2015 12 April 2016, 13:32 CET
House prices rose 2.9 per cent in the euro area and 3.8 per cent in the EU in the fourth quarter of 2015 compared with the same quarter of the previous year, according to the EU's statistical office Eurostat.

Commission unveils upgrade for EU VAT system 12 April 2016, 00:58 CET
Europe's VAT rules are to be made simpler, more fraud-proof and business-friendly as a result of European Commission plans to reboot the current EU VAT system.

EU boosts aid to Ethiopia after worst ever El Nino 08 April 2016, 23:01 CET
The European Commission has announced aid for Ethiopia worth some EUR 122.5 million, amidst a worsening humanitarian situation caused by one of the most severe extreme El Nino weather phenomenon on record.

EU initials partnership agreement with Malaysia 07 April 2016, 18:45 CET
The chief negotiators of the European Union and Malaysia have initialled text of an EU-Malaysia Partnership and Cooperation Agreement at a ceremony held at the Ministry of Foreign Affairs of Malaysia in Putrajaya. The initialling marks the successful closure of negotiations that started in October 2010.

VAT Action Plan: right diagnosis needs effective remedies 07 April 2016, 17:25 CET
EUROCHAMBRES broadly supports the approach set out in the VAT Action Plan adopted today by the European Commission and underlines the importance of a single VAT area to completing the single market. The reference to an SME VAT Package is particularly encouraging. Converting this approach into meaningful rules and measures will make or break the approach.

EU doesn't need IMF on Greece: ECB's Nowotny 06 April 2016, 12:02 CET
The IMF's engagement in Greece is no longer necessary with the EU capable of resolving the situation alone, a senior figure in the European Central Bank was quoted as saying Wednesday.

Eurozone economic activity ticks up after sharp fall: survey 05 April 2016, 20:24 CET
Eurozone private sector business activity ticked up in March after a sharp fall in February, the closely watched Markit survey shows, but the outlook remains clouded.

Creditor talks resume in Greece amid Wikileaks row 05 April 2016, 00:15 CET
Greece on Monday resumed reform talks with its creditors, including the International Monetary Fund, amid leaks claiming the global lender was toying with the idea of a Greek default.

China to impose import duties on electrical steel from EU 04 April 2016, 16:27 CET
China said Friday it would impose import deposits of up to 46 percent on flat-rolled electrical steel products from the European Union, as its domestic producers face growing financial pressure.

IMF chief says Greece plan 'good distance away' amid leaks row 04 April 2016, 16:26 CET
International Monetary Fund chief Christine Lagarde on Sunday told Greek Prime Minister Alexis Tsipras that "we are still a good distance away" in negotiations for a new deal for hard-up Athens.

Eurozone jobless rate falls marginally, outlook uncertain 04 April 2016, 13:56 CET
The eurozone unemployment rate improved only marginally in February, official data showed on Monday, stoking concerns the economy could be slowing after only a modest recovery.

Greece wants IMF explanations over WikiLeaks report 03 April 2016, 00:32 CET
Greece on Saturday demanded "explanations" from the International Monetary Fund after WikiLeaks said the lender sought a crisis "event" to push the indebted nation into concluding talks over its reforms.

Eurozone inflation inches up, still negative in March 01 April 2016, 21:03 CET
Eurozone consumer prices continued to fall in March at only a slightly slower pace than in February, data showed Thursday, despite the European Central Bank boosting its already massive stimulus programme to beat deflation.

EU imposes sanctions on three Libyans for obstructing peace process: sources 01 April 2016, 00:15 CET
EU member states agreed Thursday to impose sanctions on three Libyan figures for obstructing the peace process and the formation of a government of national unity in the war-torn country, sources said.