Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home topics Finance
Document Actions

Finance and Monetary Affairs in the EU

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

MEPs endorse a climate role for European Central Bank
This morning MEPs voted in favour of the European Central Bank taking climate action.

Further support for sterling with buoyant data - Euro currency news daily
Sterling received another boost yesterday after a CBI industrial survey came out in line with expectations.

EU sets out plans to finance green economy
The EU unveiled plans Tuesday to finance its new European Green Deal, which it says would lead to more than EUR 1 trillion of public investment through EU financial instruments, as well as private funds.

Just Transition Fund welcomed by SMEs
In a first reaction on yesterday's proposal to establish a "Just Transition Fund", SMEunited President Alban Maggiar supports the general approach put forward by the European Commission.

All frills and no filling: EU sustainable investment plan falls far short
The European Commission's plan for unlocking EUR 1 trillion of sustainable investments over ten years, published on 14 January, is little more than pretty packaging of an empty box in WWF's view.

EU strides forward on Just Transition, but risks stumbling on fossil fuels
The path to a climate neutral Europe became a little easier today, with the European Commission's proposal for a fund to help regions reach climate neutrality.

European Green Deal Investment Plan + Just Transition Mechanism
The European Green Deal's Investment Plan - the Sustainable Europe Investment Plan - presented on 14 January will mobilise public investment and help to unlock private funds through EU financial instruments, notably InvestEU, which would lead to at least €1 trillion of investments.

Use of EU's space assets under auditor scrutiny
The EU Court of Auditors said Thursday it is examining how effectively the European Commission promotes the uptake of services provided by two of the EU's key space programmes, Copernicus and Galileo.

New rules to boost crowdfunding across EU borders
The EU Parliament and Council reached provisional agreement Wednesday evening on EU-wide rules to help crowdfunding services function smoothly and foster cross-border business funding.

EU companies increase R&D investment in face of stiff global competition
Companies' investment in research and development grew for the ninth consecutive year in 2018, though below the global growth rate, driven by the auto, health and ICT sectors - according to an EU report.

EU states agree world's first-ever 'green list' for sustainable investment
EU states endorsed Wednesday a political agreement on a 'green list', a common classification system to encourage private investment in sustainable growth and contribute to a climate neutral economy.

MEPs back measures to cut VAT fraud in e-commerce
The European Parliament gave its approval Tuesday to measures designed to fight e-commerce VAT evasion that would help cut some of the EUR 137 billion lost each year across the EU to VAT fraud.

EU-wide classification system for sustainable investments (taxonomy)
The European Parliament and the EU Council reached agreement on 18 December on the creation of the world's first-ever 'green list' - a classification system for sustainable economic activities, or taxonomy.

New EU growth strategy to be based on 'competitive sustainability'
The new von der Leyen Commission presented a rebooted growth strategy Tuesday focused on promoting competitive sustainability and building a European economy 'that works for people and the planet'.

New EU cross-border payments rules into force
Consumers and businesses in non-eurozone EU Member States will enjoy cheaper cross-border payments in euro from Monday, as new rules came into force pricing these the same as domestic payments.

European Semester Autumn Package
The von der Leyen Commission launched a new European Semester cycle on 17 December, the first of its mandate. It presented an ambitious, rebooted growth strategy focused on promoting competitive sustainability to build an economy that works for people and the planet.

75 start-ups, SMEs selected for EU innovation funding pilot
'Blended' grant and equity financing formed part of a funding package for 75 promising start-ups and smaller businesses announced Thursday, in a pilot offer from the new European Innovation Council.

ECB models need to include climate change, says Lagarde
Climate change should be included in the European Central Bank's macroeconomic models, ECB chief Christine Lagarde said Monday in her first appearance at the European Parliament in her new role.

Eight states at risk of breaching EU stability pact
High levels of debt mean eight EU Member States - including France and Italy - are at risk of non-compliance with the European Stability and Growth Pact, the European Commission said on Wednesday.

Climate action tops EU's Budget priorities for 2020
EU institutions finally agreed Monday evening on the EU's budget for 2020, with climate change topping a list of priorities that focuses on growth and competitiveness, security and management of migration.

MEPs vote to close tax loopholes for online platforms
The European Parliament voted Thursday on measures specifying how large online platforms such as Amazon and Ebay are to contribute to closing existing loopholes that currently hinder the collection of VAT.

EU bank ends fossil fuel lending in world-first for climate
The European Investment Bank (EIB) today became the world's first public lender to commit to ending funding for coal, oil and gas.

EU states agree measures to combat VAT fraud
The EU Council of finance ministers reached provisional agreement Friday on a set of rules on exchange of VAT payment data to facilitate detection of tax fraud in cross-border e-commerce transactions.

European economy heading for troubled waters
The Eurozone is heading for a period of high uncertainty, according to the EU's latest economic forecast, released Thursday, as it faces trade conflicts, rising geopolitical tensions, manufacturing weakness and Brexit.

Multinationals must disclose where they pay taxes, say MEPs
The European Parliament adopted a resolution Thursday urging EU Member States to get moving on long-overdue rules which would oblige multinationals to disclose what taxes they pay in each country.