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.

European Fund for Strategic Investments (EFSI)
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
The European Parliament and the EU Member States reached provisional agreement Thursday on strengthened criminal law measures to counter money laundering.

The InvestEU Programme
For the next long-term EU budget 2021-2027, the European Commission proposed on 6 June to create the InvestEU Programme, bringing EU budget financing in the form of loans and guarantees under one roof.

InvestEU programme - legal texts and factsheets
The InvestEU Programme will bring together under one roof the multitude of EU financial instruments currently available and expand the model of the Investment Plan for Europe (the 'Juncker Plan'). With InvestEU, the Commission aims to boost investment, innovation and job creation, triggering an estimated EUR 650 billion in additional investment.

InvestEU fund: sounds good, but devil will be in the detail
Today the European Commission proposed a new fund aimed at mobilising EUR 650 billion to finance 'sustainable infrastructure' such as wind farms and the energy renovation of buildings.

New social fund, double Erasmus funding in new EU Budget
For the next long-term EU budget, the EU Commission proposes to reinforce and better target several existing Funds including a new European Social Fund and double funding for Erasmus to EUR 30 bn.