Saturday

21st Jan 2017

EU should raise own taxes, says report

A group chaired by former Italian PM and EU commissioner Mario Monti says Brexit should be used to create EU-level levies to depend less on member states contributions, and to abolish member states rebates in the EU budget.

Italy steps in with €20bn to save failing bank

The Italian state is rescuing the world's oldest bank with the help of a €20bn fund and vows to protect small savers. The European Commission says it is in touch with Italy about how to proceed.

Magazine

Trade: Is Europe still open for business?

EU trade policy has become a target for environmentalists, transparency advocates and populists alike, casting a doubt whether Europe can still close trade deals.

Investigation

How the EU cosied up to the defence lobby

The EU has allowed its defence and security policies to be shaped by powerful lobbyists, many of whom are linked to firms that win lucrative contracts, an investigation shows.

EU states set to oppose tax transparency bid

A compromise text by the Slovak EU presidency is proposing to water down the commission's plans to allow public access to the names of those who own offshore accounts.

EU to tighten rules on social benefits

EU citizens working away from their home countries will face tougher hurdles if they need to claim benefits, under plans from the commission.

EU countries agree to reinforce trade defence

After two years of stalled talks, member states decided to keep the current rules on tariffs but to suspend them in case of “state-induced” distortions in raw material and energy.

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ECB reshapes its bond-buying scheme

The eurozone bank will prolong its quantitative easing scheme after March but will buy €60 billion of public and corporate bonds each month instead of €80 billion.

EU public lacks voice on banking laws

The complexity of financial laws and lack of NGO resources means the “man in the street” has little say on EU banking regulation, the EU Commission has warned.

EU ministers approve 'Juncker plan' extension

The agreement to prolong the EU investment plan until 2020 to raise up to €500 billion will have to be confirmed by the parliament amid questions about its impact and functionning.

EU agrees on debt measures for Greece

Measures to reduce the cost of Greek debt will be implemented immediately, but eurozone finance ministers said more action will have to be taken for a new agreement on the bailout programme.

No euro crisis after Italian vote, says EU

The Italian PM's resignation after a failed constitutional referendum has not changed the situation, the Eurogroup president has said. Financial markets have remained stable.

EU to tackle 'energy poverty'

The Commission wants to focus on "vulnerable consumers" but concedes that there will be differences in needs across the bloc.

EU's new strategy shuns space exploration

The commission wants to focus on the commercial potential of space rather than the educational or scientific benefits, much to the annoyance of some MEPs.