Thursday

28th Mar 2024

Date set for crucial euro pact ruling

The European Court of Justice on Monday (28 June) announced that it would reveal on 13 July its judgement regarding the row between the Commission and member states over the rules that underpin the euro.

The case was brought to the Court by the Commission after member states voted last November to suspend disciplinary measures against France and Germany under the Stability and Growth Pact.

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In late April, legal teams from the Commission and from the Council of member states argued their cases in front of 14 judges at the European Court of Justice in Luxembourg.

The judges' decision will effectively decide whether Brussels or member states are in charge of economic policy-making in the EU.

The procedure by which the judgement is made is secretive. Decisions are usually made on the basis of compromise between the judges but a vote may be taken - in which case a simple majority suffices to carry the decision.

Institutions grapple for EU economic control

Legal teams from the European Commission and the Council of Member States battled head-to-head at the European Court in Luxembourg today (28 April) in a bid to retain supremacy over EU economic policy.

Economic control hangs in the balance

The European Court of Justice will on Tuesday effectively decide whether the European Commission or EU member states are in charge of the union's economy.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

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