22nd Oct 2016

Portugal and financial transactions tax top agenda this WEEK

  • The European Commission will publish its spring economic forecasts on Monday (Photo:

Siim Kallas, the acting commissioner for the eurozone, will present the bloc's spring economic forecast on Monday (5 May).

The report will assess whether EU countries are set to meet their economic growth projections, as well as targets to cut budget deficits.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

  • The governing board of the ECB meets Thursday (Photo: ECB)

Later on Monday, eurozone finance ministers will meet in Brussels on Monday for the monthly eurogroup meeting.

Portugal said on Sunday that it would exit its €78-billion bailout this month without a precautionary credit line, after three years of painful austerity reforms.

Portugal will become the second eurozone country after Ireland to exit an assistance programme.

Following the Eurogroup, finance ministers from 11 EU countries backing a financial transactions tax will meet.

Last week, the European Court of Justice threw out a legal challenge to the tax from the UK.

France and Germany, the main backers of the plan, widely known as the Tobin tax, want to seal agreement on how the levy will operate before EU voters go to the polls in three week's time. But there remains some confusion about which financial services the tax will apply to and how it would be collected.

The financial transactions tax is also likely to be high on the agenda when all 28 EU finance ministers gather in Brussels on Tuesday (6 May).

EU trade and agriculture ministers will also hold their monthly gatherings this week.

For its part, the European Central Bank's governing board will meet on Thursday (8 May) although it is not expected to take any money-printing measures to stimulate the eurozone economy.

On Wednesday (7 May) EU leaders will gather for an EU-Japan summit expected to focus on ongoing negotiations for a free trade agreement. Both sides have promised to conclude an agreement by the end of 2015.

Also of interest is a meeting between EU trade commissioner Karel de Gucht and Klaus Muller, the Chair of Germany's Consumer Organisations. De Gucht is mid-way through a public consultation on whether rules allowing foreign companies to sue European governments should be included in a trade deal with the United States and is anxious for German support on the issue.

Women shake Poland's pillars of power

Polish women are marching again this Sunday and Monday. They could succeed where the opposition, the European Commission and other protests failed, and redraw Poland's political map.

News in Brief

  1. Canada and Wallonia end talks without Ceta deal
  2. Juncker hopes for Canada accord in 'next few days'
  3. Romania drops opposition to Ceta
  4. Difficulties remain on Ceta deal, says Walloon leader
  5. Brexit could lead to 'some civil unrest' in Northern Ireland
  6. ECB holds rates and continues quantitive easing programme
  7. Support for Danish People's Party drops, poll
  8. Spain's highest court overturns Catalan ban on bullfighting

Stakeholders' Highlights

  1. EFADraft Bill for a 2nd Scottish Independence Referendum
  2. UNICEFCalls on European Council to Address Plight of Refugee and Migrant Children
  3. ECTAJoin us on 9-10 November in Brussels and Discover the new EU Digital Landscape
  4. Access NowCan you Hear me now? Verizon’s Opportunity to Stand for Global Users
  5. Belgrade Security ForumMeaningful Dialogue Missing Not Only in the Balkans, but Throughout Europe
  6. EASPDJoin the Trip! 20 Years on the Road. Conference & Photo Exhibition on 19-21 October
  7. EuropecheEU Fishing Sector Celebrates Sustainably Sourced Seafood in EU Parliament
  8. World VisionWomen and Girls Urge EU Leadership to Help end Gender-based Violence
  9. Dialogue PlatformIs Jihadism Blind Spot of Western Intellectuals ? Wednesday 26 October
  10. Belgrade Security ForumGet the Latest News and Updates on the Belgrade Security Forum @BelSecForum
  11. Crowdsourcing Week EuropeMaster Crowdsourcing, Crowdfunding and Innovation! Conference 21 November - 10% Discount Code CSWEU16
  12. EJCEU Parliament's Roadmap for Relations with Iran a Massive Missed Opportunity