Tuesday

20th Feb 2018

Ticker

No talks on EU plan for complex financial products in 2016

Member states and MEPs will not start talks on new rules to promote securitisation - a controversial family of financial products - before the end of this year, a Slovak presidency source told EUobserver. Last week MEPs agreed a common position and member states adopted their position last year. Such complex products, which involve packaging loans and selling off the risk, helped to cause the 2008 financial crisis.

Poland shows no sign of concessions to Commission

While the dialogue between Warsaw and the Commission has improved since new prime minister Mateusz Morawiecki entered office, there is no sign of compromise over rule of law concerns - as the clock ticks towards a March deadline.

Spain's De Guindos to be ECB vice-president

Spanish finance minister Luis de Guindos will join the the European Central Bank in June, after his sole rival for the vice-presidency job stepped down on Monday.

MPs demand Council become more transparent

Three Dutch MPs, on behalf of 26 national parliamentary chambers across the EU, are demanding more transparency. 'The Eurogroup is the most opaque of them all,' complained Dutch MP Omtzigt.

Eurogroup starts process to pick new ECB chiefs

Eurozone finance ministers will pick who they recommend to become the European Central Bank vice-president - the choice is between their Spanish colleague Luis de Guindos, and the governor of the Central Bank of Ireland, Philip Lane.

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  4. MPs demand Council become more transparent
  5. Eurogroup starts process to pick new ECB chiefs
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