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Finance and Monetary Affairs in the EU

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

ECB says willing to restore financing for Greek banks 05 March 2015, 20:56 CET
European Central Bank chief Mario Draghi said Thursday that the ECB is prepared to restore a key channel of financing for Greek banks once Athens reaches a debt deal with its eurozone partners.

Women earn 16.4 per cent less than men in EU 05 March 2015, 20:53 CET
Women earned on average 16.4 per cent less than men in the European Union in 2013, with the gap even greater in many northern countries, the EU statistics agency Eurostat said Thursday.

Euro tumbles ahead of ECB meeting - Euro Currency update 05 March 2015, 12:50 CET
The Euro tumbled against the majority of its most traded peers ahead of the ECB meeting, which is expected to outline the details of the €1.1 trillion quantitative easing programme it announced in the first month of the year.

No 'diabolical plan' to topple Greek government: EU chief 05 March 2015, 12:11 CET
EU Commission chief Jean-Claude Juncker said Wednesday there was no "diabolical plan" by Spain and Portugal to topple Greece's new hard-left government after Prime Minister Alexis Tsipras accused the countries of undermining debt talks with Brussels.

Merkel warns Russia of new sanctions if ceasefire violated 04 March 2015, 18:15 CET
German Chancellor Angela Merkel warned Russia Wednesday of new sanctions if the Ukraine ceasefire accord is not fully implemented, insisting that Kiev be allowed to regain full control of its eastern border.

Merkel says EU focused on current Greek bailout 04 March 2015, 18:15 CET
German Chancellor Angela Merkel said Wednesday that the EU was focused on completing Greece's current bailout, playing down any talk of a third rescue package for debt-hit Athens.

Merkel says France reforms on 'right track' 04 March 2015, 18:14 CET
German Chancellor Angela Merkel said Wednesday that French economic reforms put the country on the "right track" after Paris won a two-year delay from the EU to get its budget deficit back within Brussels limits.

EU chief says Spain has not exited economic crisis 04 March 2015, 18:13 CET
Spain cannot say it has left behind its economic crisis until the country's sky-high unemployment rate returns to "normal levels", EU Commission chief Jean-Claude Juncker said in an interview published Wednesday.

Hollande promises new savings to meet EUR 4 bn Brussels demand 04 March 2015, 15:55 CET
French President Francois Hollande said Wednesday his government would find four billion euros in "new savings" this year to meet deficit reduction demands from Brussels.

Juncker says Greek leader must come clean on election promises 04 March 2015, 15:53 CET
EU chief Jean-Claude Juncker took the unusual step of wading into domestic politics on Wednesday, saying Greece's new prime minister should tell the Greek people his anti-austerity election promises are untenable.

Britain wins court ruling against ECB on euro banks 04 March 2015, 12:16 CET
Britain won a court challenge Wednesday against a European Central Bank ruling that required banks to base clearing houses dealing with euros in the eurozone.

Faced with calls to boost growth, Germany ups investment 03 March 2015, 17:33 CET
Germany said Tuesday it would sweeten a 10-billion-euro public investment plan with another five billion euros amid calls by partners to do more for the eurozone economy.

Greece to hurry reform proposals for EU loans: finmin 03 March 2015, 15:53 CET
Greece will speed up its reform proposals to its international creditors to unlock vital loans, Finance Minister Yanis Varoufakis said on Tuesday.

Spain says third bailout for Greece seen at EUR 30-50 bn 03 March 2015, 00:42 CET
Spanish Economy Minister Luis de Guindos on Monday said European Union officials are estimating that a hypothetical third bailout for Greece could amount to between 30 and 50 billion euros.

ECB to unveil details of QE programme 02 March 2015, 17:35 CET
The European Central Bank will unveil the details of the bond purchase programme it is embarking on later this month at its next meeting, but is unlikely to announce any new policy measures, analysts said.

EU pushing for unity to end row over Greek PM comments 02 March 2015, 15:12 CET
The EU said Monday it is trying to mediate in a simmering row between Greece and its eurozone partners Spain and Portugal after Prime Minister Alexis Tsipras accused them of undermining debt talks with Brussels.

Eurozone prices, jobs firm but deflation threat remains 02 March 2015, 15:09 CET
The eurozone's consumer price downturn eased and jobless figures picked up slightly Monday but the modest improvements were not enough to dispell all fears of a deflationary spiral.

Greece not to vote on EU deal 02 March 2015, 14:52 CET
Greece will not submit to a parliamentary vote an EU loan deal that has reportedly split the ruling hard-left Syriza party, a government official said Monday.

Varoufakis urges 'intelligent' debt restructuring 02 March 2015, 12:11 CET
Greek Finance Minister Yanis Varoufakis called Monday for "intelligent" restructuring of Greece's debt, while acknowledging that a write-down would be unacceptable for the country's creditors.

Spanish PM hits back at Greece's Tsipras in austerity row 01 March 2015, 20:20 CET
Spanish Prime Minister Mariano Rajoy on Sunday called on his Greek counterpart to get "serious" about his country's debt-wracked economy, after Alexis Tsipras accused eurozone partners of undermining its negotiations with Brussels.

France gets until 2017 to meet EU deficit rules 01 March 2015, 13:10 CET
The EU has given France two more years until 2017 to bring its budget deficit back into line, meaning the eurozone's second biggest economy avoids an embarrassing fine for now.

EU sets France tough deficit targets 27 February 2015, 17:15 CET
The EU set France tough new targets on Friday to get its budget deficit back within Brussels rules, keeping up the pressure after giving Paris two more years until 2017 to toe the line.

ExxonMobil says Russia sanctions could cost it $1 bn 26 February 2015, 20:12 CET
ExxonMobil said Thursday in a securities filing that US and European Union sanctions against Russia could cost the US oil giant as much as $1 billion.

European Semester 2015: country-specific updates 26 February 2015, 13:34 CET
On 25 February, the European Commission sent a strong signal to EU Member States to carry out structural reforms and to continue consolidating their public finances. This followed the approach that the new College of Commissioners outlined in November and is at the heart of the Annual Growth Survey 2015: a fresh focus on investment, structural reforms, and fiscal responsibility.

GDF Suez bounces back with EUR 2.44 bn profits in 2014 26 February 2015, 13:16 CET
GDF Suez bounced back in 2014 after major losses the previous year, results showed on Thursday, but the energy group announced fresh cuts in response to falling energy prices.