The Bail Out Business, a new report published by the Transnational Institute (TNI), reveals how rescue packages for EU banks have become a business benefiting a small group of audit and financial consultancy firms. AccordingContinue reading
Category: ECB – European Central Bank
‘Invest for Growth’ vs ‘More Structural Reform’ – New Tune?
As parliamentarians across the EU discussed economic governance in the EP this week, French socialist Ms Pervenche Berès, responsible for an EP report evaluating the EU’s economic governance framework, and EP vice president, Finnish liberalContinue reading
“Solidarity should not replace necessary decisions,” – Schäuble
EU solidarity should not replace decisions that must be taken in countries suffering economic difficulties, German Finance Minister Wolfgang Schäuble told Economic and Monetary Affairs Committee MEPs in Tuesday’s special debate on the review ofContinue reading
ECB - European Central Bank, EU Institutions, European Commission, European Council, Finance & Monetary Policy
Banking Union Steps Up To The Mark
In Brussels, the Council, represented by the Greek Presidency, has reached a provisional agreement with the European Parliament on the single resolution mechanism regulation. Eurogroup President Jeroen Dijsselbloem, who is chairing the intergovernmental conference on certainContinue reading
MEPs Insist On Troika Jobs And Recovery Plan
Growing unemployment – especially among the young, leading to their emigration – the loss of small firms and rising poverty rates, even among the middle class, are the key impacts of the economic crisis and adjustmentContinue reading
ECB - European Central Bank, Economy, EU Institutions, European Parliament, Finance & Monetary Policy
Troika Time – Klaus Regling Gets Grilled By MEPs
MEPs questioned EU bailout fund chief Klaus Regling on Wednesday as part of their inquiry into the anti-crisis role and operations of the European Central Bank/IMF/EU Commission “Troika”. Mr Regling recognised that the remedies hadContinue reading
ECB - European Central Bank, Economy, EPP, EU Institutions, European Council, European Parliament, Finance & Monetary Policy
Final Stage Of Banking Union At Risk Says Workmann-Kool
“The final dossier of the Banking Union might be at risk. We demand a more efficient procedure for failing banks”, stated Corien Wortmann-Kool, Vice-Chairwoman of the EPP Group and Shadow Rapporteur on the Single ResolutionContinue reading
ECB Can’t Get No, Satisfaction, From The German, CPI Data…
Inflationary pressure in Germany remains low. Based on the results of several regional states, German headline inflation increased to 1.4% YoY in December, from 1.3% in November. On the month, German prices increased by 0.4%Continue reading
Latvia Joins Euro With Smooth Transition
Latvia has adopted the euro as its official currency and “the changeover is running smoothly and according to plan” according to the European Commission. The previous national currency – the lat – is now beingContinue reading
1-in-3 of Europe’s SMEs Not Getting Finance They Need
One third of SMEs didn’t get the full financing they had planned for during 2013, and 15% saw access to finance as a significant problem for their companies. Europe’s companies believe that bank financing conditionsContinue reading
