Bank of England Governor : More fiscal union, less austerity
Mark Carney, the Governor the Bank of England, has urged the eurozone to move towards fiscal union and end its hardline austerity policies in a bid to promote growth.
View ArticleMoscovici: Eurozone must tackle ‘legacy debt’, have its own budget
Eurozone countries have to find a way to deal with the high public debt built up during 2008-2012, and which puts European economies on divergent tracks, EU Economic and Monetary Affairs Commissioner...
View ArticleFranco-German eurozone blueprint rattles Cameron
Franco-German attempts to secure changes within the Eurozone without treaty changes threaten to undermine UK Prime Minister David Cameron’s EU reform efforts.
View ArticleFrench, German ministers flesh out plans for ‘two-speed Europe’
Emmanuel Macron and Sigmar Garbriel have called for greater fiscal and social harmonisation in the eurozone, saying other EU countries like Britain should be allowed to settle for a less integrated...
View ArticleLeaked eurozone blueprint makes timid call for integration
EXCLUSIVE / A draft report by the heads of the EU's five main institutions calls for faster eurozone integration, but gives little away in terms of social policy, a key area for Southern Europe....
View ArticleEurozone integration plans delayed by Grexit and Brexit threats
The urgency of the Greek crisis and the sensitivity of the UK to issues of eurozone integration have complicated the last-minute negotiations over the “five presidents’ report” on eurozone governance....
View ArticleThe eurozone’s Five Presidents’ report, and what it means for Britain
Between the lines, the new ‘five presidents’ report’ on the future of EMU tells an interesting story about how eurozone leaders see their future together. Britain should take note, writes Renaud...
View ArticleBerlin puts brakes on French push for eurozone fiscal transfers
Germany yesterday (1 September) put the brakes on a French push for the eurozone to appoint a new Commissioner with powers to coordinate economic policy across the bloc and preside over fiscal...
View ArticleBerlin and London play hardball in shaping vision for the EMU
The eurozone's rulebook and its anti-crisis mechanisms have been bolstered since the sovereign debt crisis hit Europe at the end of 2009. But serious risks still loom large, as growth potential remains...
View ArticleCommission lays the groundwork for post-2017 eurozone reforms
The European Commision has started laying the groundwork for the next stage of eurozone integration, claiming there is “political appetite” in European capitals to start discussing reforms, followng...
View ArticleEU drags on Stability and Growth Pact reform
The refugee crisis has reignited tensions between the champions of strict budgetary discipline, led by Germany, and those who want to ease interpretations of the rules, led by Italy and France.
View ArticleJuncker and Draghi fail to win support for eurozone reform
The piecemeal approach orchestrated by Jean-Claude Juncker and Mario Draghi to address the root causes of the euro zone debt crisis and complete the Economic and Monetary Union (EMU) has not yielded...
View ArticleCommission defends role as sole guardian of fiscal discipline
Amid growing concerns in Berlin, Frankfurt and The Hague about flexible interpretations of the Stability and Growth Pact, the European Commission ruled out the possibility of transfering the assessment...
View ArticleGerman, French central bankers call for eurozone finance ministry
The eurozone needs to press ahead with structural reforms and closer integration, including a eurozone finance ministry, to deliver sustainable growth, the heads of the French and German central banks...
View ArticleMaystadt: Consensus quietly growing for eurozone budget
A consensus has emerged in Germany, France and Italy over the need to create a eurozone budget, according to Belgium’s former Minister of Finance, Philippe Maystadt. But the popularity of anti-European...
View ArticleDraghi warns EU leaders he can’t fix the economy on his own
European Central Bank President Mario Draghi warned European leaders on Thursday (17 March) that monetary policy alone would not be enough to jump-start the economy and that governments needed to do...
View ArticleRenzi, Merkel, Hollande to meet for EU talks post-Brexit
Italian Prime Minister Matteo Renzi will meet with German Chancellor Angela Merkel and French President François Hollande on an Italian island on Monday (22 August) to discuss the EU's way forward...
View ArticleCartel-like EU must change through common interests
Now that the German-led Eurogroup has rejected the Commission’s proposal for a timid expansionary fiscal policy, it’s up to the Parliament to take a stand and defend a Eurozone fiscal capacity that...
View ArticleSchäuble insists EU treaty change now is ‘unrealistic’
Germany's Finance Minister Wolfgang Schäuble said on Tuesday (23 May) that it is "unrealistic" to consider changing European treaties at this stage, calling instead for incremental steps by national...
View ArticleMerkel backs Macron’s call for multi-speed EU, ‘small’ eurozone budget
French President Emmanuel Macron called for a multi-speed Europe on Tuesday (29 August), arguing that a core of "avant-garde" countries should lead the way in deepening EU integration.
View ArticleParis and Berlin at odds over ‘grand bargain’ to deepen eurozone
French President Emmanuel Macron's push for an ambitious overhaul of Europe's single currency bloc is running up against robust resistance in Berlin despite conciliatory public signals from German...
View ArticleCommission wants single eurozone seat at IMF plan adopted by end of mandate
The European Commission is pushing for the adoption, by mid-2019, of the proposal to create a unified seat at the International Monetary Fund, as part of its package to strengthen the economic and...
View ArticleSchulz calls for ‘United States of Europe’ as SPD agrees talks with Merkel
Germany's Social Democrats, the country's second strongest party, agreed Thursday (7 December) to kick off exploratory talks with Chancellor Angela Merkel's conservatives that could lead to a new...
View ArticleMacron convinces Merkel to hold key debate on future of euro in March
Amid the political paralysis in Germany, EU leaders decided on Friday (15 December) to postpone for March a “strategic political discussion” on the future of the eurozone and adopt a 'reform roadmap'...
View ArticleMoscovici: Spring 2019 is ‘too early to retire’
European Commissioner Pierre Moscovici joins EURACTIV's Economy Editor Jorge Valero for a live debate on deepening the European Economic and Monetary Union in the EURACTIV Network offices in Brussels.
View ArticleItalian budget standoff may consign eurozone integration drive to slow lane
An uncompromising challenge to EU budget rules by Italy is providing the first big test for reforms introduced to save the euro zone nine years ago as financial crisis threatened to tear it apart.
View ArticleRecovery fund brings EU one step closer to fiscal union
A European Commission plan to issue large amounts of common EU bonds under a coronavirus recovery fund potentially marks the first step towards the euro zone finally getting a region-wide safe-haven...
View ArticleDoes Brexit free Europe to seek closer union?
British politicians often speak of Brexit as an opportunity to escape Brussels' shackles but does the divorce also free Europe to go its own way?
View ArticleGreens leader Baerbock: Extremist or progressive force for Europe?
Annalena Baerbock is the first Green lead candidate in German history. But who is Baerbock, and what are her plans for Germany and Europe?
View ArticlePost-election Germany: back to austerity or fit for a fiscal union?
Germany is heading to the polls on Sunday (26 September) amid intense debate on the future of Europe's fiscal policy.
View ArticleTime for the United States of Europe! [Promoted content]
We European citizens are scared by the return of war at the heart of Europe. The Russian invasion of Ukraine exposes the weaknesses and dependencies of the European Union and its member states, and...
View ArticleEurozone fragmentation or fiscal union? There is a middle way.
With fears of a looming recession, the risk of eurozone fragmentation is back on people's minds. However, a group of economists think they have found a solution to prevent the fragmentation without...
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