Finance and Monetary Affairs in the EU

Latest business news about the Financial Policy in the European Union.

An overarching policy and strategy in financial services and financial markets ensures coherence and consistency between the various policy areas, such as banking, insurance, securities and investment funds, financial markets infrastructure, retail financial services and payment systems.

FACT SHEETS

General Information

• Financial Services in the EU - General Policy
• Regulatory Capital in the EU
• Investment Funds in the EU
• Useful Information
• Contacts

Banking

• Banking policy in the EU
• Banking: Key EU directives

LATEST NEWS

Europe crisis tops agenda as China, EU leaders meet — 14 February 2012, 10:02 CET

Chinese and EU leaders met Tuesday for a major summit set to be dominated by Europe's debt crisis, as an increasingly worried Beijing considers coming to the rescue of the embattled continent.

Austria regrets Moody's rating action — 14 February 2012, 09:17 CET

Austria said Tuesday it regretted Moody's decision to downgrade the outlook on the country's credit rating, saying the company had failed to take into account a massive austerity plan.

Europe crisis tops agenda as China, EU leaders meet — 14 February 2012, 06:32 CET

Chinese and EU leaders will meet Tuesday for a major summit set to be dominated by Europe's debt crisis, as an increasingly worried Beijing considers coming to the rescue of the embattled continent.

Greece at risk of leaving euro: Luxembourg — 14 February 2012, 01:57 CET

Luxembourg's finance minister said Monday that if Greece cannot implement its reform promises, the eurozone group will have to go on without the country.

Britain calls negative Moody's outlook a 'reality check' — 14 February 2012, 01:47 CET

Finance minister George Osborne said Tuesday that the negative outlook Moody's placed on Britain's AAA credit rating was a "reality check" for anyone thinking the kingdom could duck tackling its debts.

Moody's cuts ratings, outlooks on 9 EU countries — 14 February 2012, 00:22 CET

Moody's on Monday downgraded the debt ratings of Italy, Spain and Portugal and placed negative outlooks on France, Britain and Austria.

China, EU leaders to discuss eurozone in key summit — 13 February 2012, 22:57 CET

Chinese and European Union leaders will gather Tuesday for a summit likely to be dominated by Europe's debt crisis, as Beijing considers stepping in to help resolve the continent's financial woes.

Athens smoulders after blazing protests over austerity — 13 February 2012, 21:37 CET

A landmark Athens cinema lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of widespread rioting that saw the destruction of dozens of buildings.

Greek austerity vote wins praise amid flames — 13 February 2012, 21:45 CET

Greece took a key first step towards averting bankruptcy and securing a second bailout Monday after lawmakers approved radical budget cuts despite street battles in pre-election Athens.

Romania president seeks bipartisan support for EU pact — 13 February 2012, 19:06 CET

Romanian President Traian Basescu on Monday urged the country's ruling coalition and opposition leaders to conclude a protocol in support of a proposed European Union fiscal pact.

Athens smoulders after blazing protests over austerity — 13 February 2012, 19:06 CET

A landmark Athens cinema lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of widespread rioting that saw the destruction of dozens of buildings.

Germany hails Greek vote, calls for action — 13 February 2012, 19:06 CET

Top German politicians led by Chancellor Angela Merkel on Monday hailed the vote in Greece's parliament agreeing tough austerity moves but insisted the reforms agreed must now be put into action.

Greek parties must now sign off on reforms: spokesman — 13 February 2012, 19:05 CET

Heads of Greek political parties have two days to back tough reforms in writing if they want to obtain crucial European Union aid, Greek government spokesman Pantelis Kapsis said Monday.

Austerity feeding public discontent in Europe — 13 February 2012, 15:18 CET

Scenes of burning buildings and street battles in Athens offer a violent reflection of growing weariness among Europeans at the austerity-first philosophy sweeping Europe.

Athens smoulders after blazing protests over austerity — 13 February 2012, 15:18 CET

One of Athens' landmark cinemas lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of widespread rioting that saw the destruction of dozens of buildings.

Greek vote on rescue cuts wins EU, German praise — 13 February 2012, 14:37 CET

Greece took a big step towards a second bailout to avert bankruptcy on Monday after lawmakers approved radical budget cuts despite street battles, with the EU and Germany praising the vote.

Germany 'expressly welcomes' Greek austerity vote — 13 February 2012, 15:17 CET

Germany on Monday hailed the vote in the Greek parliament agreeing harsh austerity moves, saying it showed the will in Athens to take difficult decisions to get Greece on track.

Greece took step towards new bailout: EU's Rehn — 13 February 2012, 13:07 CET

EU economic affairs chief Olli Rehn said on Monday that Greece had taken a step towards a new bailout and voiced confidence Athens will take the extra measures demanded by foreign lenders.

Greek vote a big step but debt crisis lives on: analysts — 13 February 2012, 13:07 CET

A deal to save Greece from default, boosted by a vote in Athens agreeing more austerity, marks a turning point in the debt crisis, but the outcome is far from clear, analysts warn.

Germany 'expressly welcomes' Greek austerity vote: Berlin — 13 February 2012, 12:27 CET

Germany on Monday hailed the vote in the Greek parliament agreeing harsh austerity moves, saying it showed the will in Athens to take difficult decisions to get Greece on track.

Greece debt vote gets guarded market welcome — 13 February 2012, 13:10 CET

Greece has finally passed the radical budget cuts needed to secure fresh aid but it is the best of a bad job and much depends on how the measures are implemented, financial analysts said Monday.

Athens smoulders after blazing protests over austerity — 13 February 2012, 11:37 CET

Neo-classical buildings and shopfronts in the Greek capital bore the smouldering scars Monday of the flames and fury that erupted during street protests against tough new budget cuts.

Berlin vows to maintain pressure on Greece after vote — 13 February 2012, 11:34 CET

Germany's economy minister on Monday warned against euphoria in the wake of Greece's approval of key austerity measures, and defended the pressure that both Berlin and Brussels have exerted on Athens.

Greece backs austerity measures, Athens counts cost — 13 February 2012, 11:34 CET

Global markets rose on Monday after Greek lawmakers approved radical budget cuts to secure fresh aid and avoid bankruptcy after a day of street battles left dozens injured and buildings ablaze.

China says Europe debt crisis is now 'critical' — 13 February 2012, 11:41 CET

Europe's debt crisis has reached a "critical juncture", Beijing said on Monday, a day ahead of talks between Chinese leaders and European Union officials.