Euro zone finance ministers will agree today, Thursday, to move to a restrictive fiscal stance next year to help the European Central Bank fight inflation, and to rebuild fiscal buffers
European Union governments agreed today on an 11th sanctions package against Russia. This round focuses primarily on stopping the circumvention of already existing sanctions by third countries and companies that re-export goods to
The European Commission asked all European Union governments on Wednesday to end, this year, all subsidies for energy prices that were introduced last year to deal with price spikes after
The agenda of the G7 meetings today and tomorrow in Hiroshima, Japan includes a discussion of “de-risking” supply chains away from China, even while seeking to re-engage with Beijing on
The European Commission unveiled last Wednesday its long-awaited proposal for revisions to the ambitious, yet increasingly unenforceable, EU Stability and Growth pact rules to better adapt to post-pandemic and climate-change oriented
European Union finance ministers reached a deal today on a broad outline of what the new — and looser — EU fiscal rules should look like to accommodate the large investments
Bank of Spain Governor and European Central Bank Governing Council member Pablo Hernandez de Cos, who has distinguished himself as the toughest inflation fighter among his southern European colleagues, warned
The European Commission will propose tomorrow, Wednesday, to re-assign existing but unused European Union funds to support the European green industry against competition and subsidies from China and the United
The European Commission is proposing to set up new European Union sources of financing in the coming months to keep Europe’s green industry, also called the clean tech sector, from
On clear orders from European Union leaders from last week, EU energy ministers reached a deal yesterday on a cap on natural gas prices in Europe to limit gas price volatility
The three main European Union countries that have been holding out for a lower, more aggressive price cap by the EU and G7 allies on imports of Russian oil via
The European Commission proposed yesterday a price cap on pipeline natural gas imports that would be set at the 275 euros/MWh level for the month-ahead contract, and a complex mechanism
On Wednesday, October 12, European Union energy ministers agreed that the European Commission should present on October 18 a proposal for joint natural gas purchases by the whole EU, just
European Union leaders managed to agree last Friday that they would like natural gas and energy prices more generally to be lower, but that is where consensus ended. How to reach that
European Union governments and the European Central Bank are struggling to reconcile two objectives that are contradictory and whose policy responses are pulling the economy in opposite directions: how to
On Tuesday, after three months of postponements, China’s Vice Premier Liu He and European Commission Executive VP for Economy and Trade Valdis Dombrovskis held a video link for what was
European Central Bank President Christine Lagarde has gone out of her way to translate the ECB’s rather oblique message of “gradualism, optionality, and flexibility” into plain language and explicit interest
After weeks of bitter wrangling with Hungary’s Prime Minister Viktor Orban, European Union leaders, as we had been expecting, reached an agreement at their summit on Monday night to ban
The European Union is inching closer to a ban on purchases of Russian oil as part of a new package of sanctions on Russia for its invasion of Ukraine, and
