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Finance and Monetary Affairs in the EU

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

Italy's handling of bridge tragedy under scrutiny - Euro currency news daily 17 August 2018, 14:30 CET
The euro sell-off seen on the back of the turmoil in Turkey has stopped for now; however, it's going to be a headwind for some time for the shared currency.

European firms get EU protection from Trump Iran sanctions 07 August 2018, 23:51 CET
As the first batch of re-imposed US sanctions on Iran take effect, the EU's updated 'Blocking Statute' entered into force early on 7 August to mitigate their impact on EU companies doing business in Iran.

Updated Blocking Statute in support of Iran nuclear deal 07 August 2018, 14:22 CET
As the first batch of re-imposed US sanctions on Iran took effect, the EU's updated Blocking Statute entered into force early on 7 August to mitigate their impact on the interests of EU companies doing legitimate business in Iran.

EU investment plan exceeds EUR 315 bn target 20 July 2018, 11:30 CET
An EU funding plan to fund growth and innovation mobilised EUR 335 billion in additional investment since July 2015, and has made a clear impact on the EU economy, the Commission said Wednesday.

European Fund for Strategic Investments (EFSI) 20 July 2018, 11:26 CET
EFSI is an initiative launched jointly by the EIB Group – the European Investment Bank and European Investment Fund – and the European Commission to help overcome the current investment gap in the EU. EFSI is one of the three pillars of the Investment Plan for Europe that aims to revive investment in strategic projects around the continent to ensure that money reaches the real economy.

Brussels provides guidance on protection of cross-border EU investments 19 July 2018, 23:16 CET
The EU Commission issued guidance Thursday to help EU investors invoke their rights before national administrations and courts and to help states protect the public interest in compliance with EU law.

EU guidance on protection of cross-border EU investments 19 July 2018, 23:03 CET
The European Commission on 19 July issued guidance to help EU investors to invoke their rights before national administrations and courts and to help Member States to protect the public interest in compliance with EU law.

Trade tensions with US hitting EU growth 16 July 2018, 18:34 CET
Growth is set to remain strong in 2018 and 2019, at 2.1 per cent this year and 2 per cent next year, according to the EU's latest economic forecast, but growing trade tensions with the US could hit growth.

EU External Investment Plan 12 July 2018, 18:20 CET
As part of its External Investment Plan, the EU gave its green light to a package of financial guarantee programmes worth around EUR 800 million on 10 July. This will help to leverage an estimated EUR 8-9 billion in public and private investment in Africa and the Neighbourhood.

EU steps up monitoring of reforms as Greece moves to normalisation 12 July 2018, 12:27 CET
The EU Commission activated an enhanced surveillance framework for Greece Wednesday to support implementation of reforms following the conclusion of its bailout through the European Stability Mechanism.

Greece post-programme framework to support normalisation 11 July 2018, 23:57 CET
The European Commission adopted a decision on 11 July to activate the enhanced surveillance framework for Greece to support the implementation of agreed reforms following the successful conclusion of the European Stability Mechanism (ESM) stability support programme.

Deepening of the EMU needs a realistic approach 05 July 2018, 20:40 CET
At a conference on the Economic and Monetary Union in the framework of the new Austrian Presidency of the European Union in Linz (AT), UEAPME President Ulrike Rabmer-Koller discussed the deepening and convergence of the EMU with the main players in the reform process.

EU Auditors to examine VAT and customs duties in e-commerce 05 July 2018, 14:09 CET
The European Court of Auditors announced Thursday it is to conduct an audit to find out how effectively the EU is addressing the challenges posed by e-commerce in terms of VAT and customs duties.

Auditors look into enforcement of EU competition rules 03 July 2018, 18:31 CET
The European Court of Auditors announced Tuesday it is to conduct an audit of whether the European Commission has been effective in enforcing EU competition rules in the Single Market.

50 years of the EU Customs Union 03 July 2018, 00:25 CET
In 2018 the European Union celebrates the 50th anniversary of the EU Customs Union. Since 1968, the Customs Union has been protecting the safety and security of citizens of its member countries and collecting customs duties that represent an important source of revenue in the EU, whilst transforming customs into a modern and responsive partner to trade. Events are organised all over the European Union to mark the anniversary.

EU Customs Union: the world's largest trading bloc 03 July 2018, 00:20 CET
The EU's Customs Union celebrated its 50th anniversary on July 1, and is seen by many as one of the European Union's greatest achievements.

Survey shows Solvency II brings benefits but deters long-term business 26 June 2018, 23:21 CET
A survey of insurers from across Europe has shown that over three quarters of the respondents have seen a positive effect from the EU's 2016 Solvency II regulation on their risk management and governance practices and on their management of assets and liabilities.

Special VAT scheme for small enterprises: VAT exemptions should not lead to unfair competition 26 June 2018, 15:38 CET
On 11 July, the Economic and Monetary Committee (ECON) of the European Parliament will vote on the proposal amending Directive 2006/112/EC regarding the common system of value added tax, with the special scheme for small enterprises at the heart of discussions.

EU finance ministers close deficit procedure against France 25 June 2018, 14:01 CET
EU finance ministers closed the excessive deficit procedure for France Friday, confirming its deficit has dropped below 3% of GDP. They also issued budgetary recommendations to Hungary and Romania.

Talks set to start on pan-European pension 20 June 2018, 17:25 CET
EU states have asked the presidency to start negotiations with the Parliament on a proposal for a pan-European pension product that would make it easier for people to put money aside for their old age.

EU budget for external action 14 June 2018, 18:56 CET
For the next long-term EU budget 2021-2027, the European Commission is proposing to increase the external action budget to €123 billion, with plans to simplify its structure and make it much more flexible and effective to address today's global challenges.

Tax cooperation strengthened in next EU budget 12 June 2018, 16:31 CET
Continuing its detailing of plans for the next long-term EU budget, the Commission outlined proposals Friday to make tax and customs cooperation between Member States better and more efficient.

Europe Must Show Leadership, but also do More to Fight Illicit Trade 12 June 2018, 15:53 CET
The Transnational Alliance to Combat Illicit Trade (TRACIT) and The Economist Intelligence Unit (EIU) released on 7 June the Global Illicit Trade Environment Index (the Index), ranking 84 countries on the extent they enable or prevent illicit trade.

Single Market Programme will continue to support SMEs' competitiveness 11 June 2018, 23:25 CET
UEAPME welcomes the support specifically dedicated to SMEs proposed by the European Commission for the next Multiannual Financial Framework 2021-2027.

Parliament, Council reach deal on EU-wide penalties for money laundering 07 June 2018, 22:55 CET
The European Parliament and the EU Member States reached provisional agreement Thursday on strengthened criminal law measures to counter money laundering.