The European Union executive proposed today that the EU borrow up to 150 billion euros against the security of the EU budget — so joint EU borrowing — and spend it
European financial markets responded positively yesterday (equities up, bond yields up) to a seemingly sudden realization that European Union governments are in agreement on the need to spend significantly more
European Union trade ministers and the European Commission held a video conference on Wednesday to discuss the European Union’s response to the already announced 25% US tariffs on steel and
As US President Donald Trump carried through this weekend with his threats to impose 10% tariffs on China and 25% tariffs on Canada and Mexico, the latter having been just
The European Commission endorsed today France’s medium-term fiscal consolidation plans submitted under the EU’s new debt and deficit rules. Paris plans to slash the budget deficit, seen at 6.1-6.2% of
Nationalist and euro-sceptic parties gained ground — as expected — in European elections on Sunday, but for all the attention on those gains the more centrist, pro-European political families retained
The European Union is grappling with how to secure 50 billion euros in financing for Ukraine for the next four years, without which Kyiv will not have enough money to
European Union finance ministers reached agreement on Wednesday on changes to the Stability and Growth Pact — the EU’s fiscal and debt rules that underpin the euro — to give themselves more
European Union finance ministers are slowly getting closer to an agreement on revisions to the Stability and Growth Pact (SGP) rules that govern member states’ fiscal budgets. They will meet tomorrow (Thursday)
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
