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
The European Commission proposed a series of sanctions today that included a ban on all European Union purchases of Russian oil, be it crude or refined, via pipeline or tanker. But,
In a series of reports in March, we warned that the demand on March 23 by Russia’s President Vladimir Putin that going forward “unfriendly nations” pay for Russian natural gas
The European Commission proposed a fifth package of sanctions today against Russia over its invasion of Ukraine. Originally meant to be more of a maintenance and loophole closing package when
Germany’s Chancellor Olaf Scholz spoke yesterday on the phone with Russia’s Vladimir Putin about Moscow’s demand that gas bills be settled in rubles from here on by “unfriendly” countries, like
According to China’s state media, President Xi Jinping told Britain’s Prime Minister Boris Johnson in a phone call today that the international community should “truly” promote peace talks, where China
