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TTIP by end of 2015, EU leaders pledge

19.12.14 @ 01:34

EU leaders have given negotiators until the end of 2015 to conclude talks on a trade deal with the United States following the final summit of 2014 in Brussels. Wrapping up on Thursday night (18 December), leaders in a ...

Russian economic turmoil to last two years

18.12.14 @ 18:14

Russia’s economic turmoil could last at least two years, president Vladimir Putin said on Thursday (18 December). Speaking at his end of year news conference in Moscow on Thursday (18 December) against the backdrop of a ...

Government optimism leads to missed budget targets

17.12.14 @ 18:26

EU governments are too optimistic about their economic prospects and their ability to control public spending, leading to them continually missing their budget targets, a European Commission paper has argued. In its ...

Irish inquiry into banking collapse begins without ECB

17.12.14 @ 09:20

The Irish parliament will begin a formal inquest into the banking crisis that forced the country to the brink of bankruptcy and a €67 billion EU-funded bailout in 2010 on Wednesday (17 December). But one of the main ...

EU to set out growth pact flexibility in new year

16.12.14 @ 20:06

The European Commission will present guidelines in early 2015 explaining how much flexibility governments will be allowed to increase investment and still keep within the EU’s rules on government debt and deficit levels ...

Moscovici to arrive in Greece amid uncertainty over elections

15.12.14 @ 10:15

EU economics commissioner Pierre Moscovici will arrive in Athens on Monday (15 December), amid rising anger about Brussels interference in this week's presidential elections. Moscovici’s visit is meant to focus on ...

Most Europeans back migrant curbs, poll finds

14.12.14 @ 11:38

Most Europeans believe that the number of migrant workers from other EU countries has been bad for their country and would like to restrict freedom of movement, a new opinion poll suggests. The research by polling firm ...

Brussels increases pressure on Paris to make reforms

12.12.14 @ 09:28

France has made little progress in its attempts to boost competitiveness and restore the viability of its public finances, according to a new report by the European Commission. The survey, published by the EU executive ...

Inequality reduces economic growth, OECD says

09.12.14 @ 22:20

Rising income inequality has cost European economies up to 10 percent in lost economic output over the past twenty years, according to a new report by the bloc's leading economic thinktank. The report, published on ...

Eurozone ministers face new Greek budget battle

08.12.14 @ 09:29

Eurozone finance ministers will face a race against time to resolve the latest disagreement over Greece's spending plans and agree a short-term extension to its bailout program as they gather in Brussels on Monday (8 ...

EU earns 'fail' grade over bank capital regime

08.12.14 @ 09:25

New EU laws do not meet new global standards and would not be enough to ensure that the bloc's banks could survive a future financial crisis, according to a new report by the leading global bank regulator. The rebuke is ...

EU governments paid €3.5bn in investor claims

04.12.14 @ 09:30

EU governments have been forced to pay out more than €3.5 billion in compensation to firms under controversial investor protection rules according to new research published on Thursday (4 December). The survey, by the ...

France lowers deficit forecast, vows no new taxes

03.12.14 @ 17:38

France's finance minister cut the country's deficit forecast for 2015 on Wednesday (3 November) adding that Paris will be well within the EU's 3 percent limit by 2017. Michel Sapin told a press conference that he had ...

France, Germany call for tax avoidance clampdown

02.12.14 @ 10:28

The finance ministers of Germany, France and Italy have called on the EU to propose new law to curb corporate tax avoidance, In a joint letter to the EU's economics commissioner Pierre Moscovici on Monday (1 December), ...

Swiss voters reject immigration cap

01.12.14 @ 09:26

Switzerland has rejected a plan to cut net immigration to no more than 0.2 percent of the population, following a referendum on Sunday (30 November). Seventy-four percent of voters from the country's 26 cantons voted ...

EU commission proposes €141bn budget in last-minute talks

28.11.14 @ 16:01

The European Commission has presented revised spending plans in a bid to broker an 11th-hour deal between MEPs and ministers on the bloc’s 2015 budget. The new draft budget announced on Friday (28 November) by the EU ...

French and German economies must come closer, experts say

28.11.14 @ 13:18

Failure by the eurozone’s largest economies, traditionally EU allies, to act together risks plunging the currency bloc into a “stagnation trap” a report published Thursday (November 27) by Henrik Enderlein, of Germany's ...

AnalysisEurope's 'last chance' investment scheme depends on pension funds

27.11.14 @ 11:07

During his successful campaign for the European Commission presidency, Jean-Claude Juncker described his flagship plans for a €300 billion investment programme as ‘Europe’s last chance’. Despite disappointment in some ...

Eurozone 'grinding to standstill', OECD warns

26.11.14 @ 09:29

The eurozone is “grinding to a standstill” and now poses “a major risk to world growth”, the Organisation for Economic Co-operation and Development (OECD) has warned in a report which urges the European Central Bank ( ...

EU commission to publish more trade documents in bid for public support

25.11.14 @ 20:04

The European Commission has pledged to increase the number of documents it makes public relating to ongoing free trade talks with the US in a bid to shore up public support for the negotiations. The EU executive ...

EU lawmakers ponder 'unbundling' of Google

25.11.14 @ 09:30

EU lawmakers are considering whether to prevent Google and fellow search engines from being involved in other commercial activities on the Internet. The move would undermine the US firm’s dominance in the sector, with ...

Ukip claims second election triumph, piles pressure on Cameron

21.11.14 @ 09:26

Ukip continued its insurgency into mainstream British politics on Thursday night (20 November), claiming its second by-election victory in as many months. Ukip candidate Mark Reckless took the Rochester and Strood ...

AnalysisDefeat is most likely result of UK immigration arms race

20.11.14 @ 18:35

Most election campaigns in Britain used to boil down to which party convinces voters it can best handle the economy. That is how Margaret Thatcher's Conservatives in the 1980s and then Tony Blair's Labour party in the ...

EU court to throw out UK's bank bonus challenge

20.11.14 @ 15:14

The UK is set to lose its legal battle to overturn EU rules capping bank bonuses after a top legal officer in the European Court of Justice (ECJ) said London's case had "no legitimate grounds". The rules, which came ...

Malmstrom: Trade deal needed to maintain Europe's living standards

19.11.14 @ 11:23

An ambitious free-trade deal with the United States will allow Europe to keep its place at the economic top-table, the bloc's new trade commissioner told MEPs on Tuesday (18 November). In her first speech on the planned ...

Trade protectionism still on the rise, EU research finds

18.11.14 @ 09:29

A total of 170 new measures increasing trade protectionism were slapped on goods and services from the EU, according to new research. The findings in the European Commission's annual report on trade restrictions ...

ECB ready to buy government bonds, Draghi signals

17.11.14 @ 19:48

European Central Bank chief Mario Draghi has indicated that he is prepared for the bank to buy government bonds if necessary to ward off a spiral of recession and deflation in the eurozone. Addressing MEPs on Monday (17 ...

Eurozone facing unprecedented triple-dip recession, warns Cameron

17.11.14 @ 09:27

The eurozone is on the 'brink' of an unprecedented triple-dip recession, UK prime minister David Cameron warned as the weekend's G20 summit in Australia came to its conclusion on Sunday (16 November). In an article in ...

Germany returns to growth, Italy falls into recession

14.11.14 @ 17:25

Germany's economy has returned to growth while Italy has officially fallen back into recession, according to data for the third quarter of 2014 published Friday (November 14) by Eurostat. Overall, the eighteen countries ...

Chances of Brexit almost '50-50' former PM John Major warns

14.11.14 @ 10:21

The UK and the EU are "close to a breach that's not in our interests or theirs", former British prime minister John Major told allies of German chancellor Angela Merkel in a speech on Thursday (13 November). Speaking at ...

Ministers face new battle over next year's EU budget

13.11.14 @ 19:04

Finance ministers will meet in Brussels on Friday (14 November), as EU lawmakers face yet another race against time to seal agreement on the bloc's spending plans. The main item on the agenda will be to broker a ...

ECB putting eurozone economy at risk, German expert group says

12.11.14 @ 19:16

The European Central Bank's (ECB) plans to pump more cheap credit into banks risk undermining the long-term health of the eurozone, according to Germany's leading economic expert group. The ECB's "extensive quantitative ...

Military deserters may claim EU asylum

12.11.14 @ 12:33

Military personnel may claim asylum in the EU if they consider themselves to be at risk of prosecution or punishment for refusal to perform military service which might involve committing war crimes, according to an ...

EU-Canada deal to remain unchanged, trade chief tells Germany

11.11.14 @ 10:37

An EU-Canada trade agreement will include controversial investor protection clauses, the EU's new trade commissioner has confirmed. Following a meeting in Berlin on Monday (10 November) with Sigmar Gabriel, leader of ...

UK to sign up to EU arrest warrant despite Tory rebellion

10.11.14 @ 09:30

UK MPs are set to sign up to a package of 35 EU justice laws, including the controversial European Arrest Warrant (EAW), despite a rebellion among Conservative deputies. The House of Commons will debate and vote on the ...

Ministers edge closer to agreeing transactions tax

08.11.14 @ 12:46

Eleven EU finance ministers edged closer to agreeing a tax on financial transactions at a meeting on Friday (7 November). At a press conference following the monthly meeting of EU finance ministers on Friday (7 November ...

Germany plans extra €10 billion investment to head off EU critics

07.11.14 @ 09:29

Germany has given the first hint that it is prepared to increase public investment to steer a return to economic growth after Angela Merkel's government pledged to invest an extra €10 billion by 2018. "I will propose to ...

EU to unveil capital markets plan in 2015

06.11.14 @ 18:26

The European Commission will unveil plans to harmonise the bloc's capital markets in 2015 and reduce the reliance of Europe's businesses on bank lending, the bloc's new financial services chief has revealed. Speaking at ...

Auditors refuse to sign off EU spending for 20th year in a row

06.11.14 @ 09:28

Almost €7 billion of the EU budget was illegally spent in 2013, the European Court of Auditors (ECA) revealed on Wednesday (5 November), as it declined to sign off EU spending for the 20th consecutive year. Although the ...

UK makes €25 billion profit from EU migrants

05.11.14 @ 09:28

EU migrants paid €25 billion more in tax to the UK treasury than they received in welfare benefits, according to new research. The €25 billion was accumulated between 2001 and 2011 the paper, published in the Economic ...

ECB takes control as EU bank supervisor

04.11.14 @ 09:27

The European Central Bank (ECB) formally assumes its new role as the chief supervisor of EU banks on Tuesday (4 November), a major milestone in the creation of the bloc's banking union. The making of the banking union, ...

Tobacco giants win judicial review on EU bill

04.11.14 @ 08:45

The EU's recently-agreed tobacco directive will be challenged at the bloc's top court after cigarette giants won a judicial review to examine whether the bill's provisions of more health warnings and product bans is ...

EU lodges new WTO protest against Russia

31.10.14 @ 18:35

The EU lodged its fourth formal complaint against Russia to the World Trade Organisation (WTO) on Friday in the latest round of the trade battle between the two blocs. Brussels' ire is focused this time on import duties ...

Most Italians regret changing lira for euro

29.10.14 @ 09:03

A majority of Italians believe that ditching the lira for the euro has been bad for their country, according to a new survey. By a 47 percent to 43 percent margin, Italians said that joining the single currency had been ...

France offers new cuts to meet Brussels' demands

28.10.14 @ 09:25

France and Italy outlined extra measures to cut their budget deficits on Monday as they backed away from a full scale confrontation with the European Commission. French finance minister Michel Sapin announced new ...

One in five EU banks fail stress tests

27.10.14 @ 09:29

One in five EU banks do not have enough capital to cope if another financial crisis hits the bloc, after failing 'stress tests' set by the European Central Bank (ECB). The bank released the results of its so-called ' ...

Cameron vows to reject €2 billion EU bill

24.10.14 @ 16:16

UK prime minister David Cameron has vowed to oppose "in every way possible" the extra €2.1 billion EU budget bill, which he said was "completely unjustified and unacceptable", in a row that dominated the second day of a ...

Cameron slapped with new €2bn EU bill

24.10.14 @ 09:47

David Cameron was presented with a new bill for €2.1 billion by the European Commission on Thursday (23 October) as he endured another embarrassing setback in the EU capital. The UK prime minister was told at Thursday's ...

Poll shows UK support for EU at 20-year high

23.10.14 @ 13:38

The rise of the UK Independence party has coincided with increased support for Britain remaining part of the EU, according to a survey published on Wednesday (22 October). Fifty-six percent of Britons would vote to stay ...

EU fiscal rules won't be changed, says Juncker

22.10.14 @ 19:55

The EU's rules on debts and deficits will not be re-written, Jean-Claude Juncker told MEPs in his first speech as European Commission president. “The rules will not be changed,” said Juncker, whose team was backed by ...