Tuesday

20th Feb 2018

Ticker

Report: Italy to rescue bank with €6.5bn instead of €5bn

Italian officials have told international media that the government will pump €6.5 billion into the ailing Monte dei Paschi di Siena bank, instead of the initially reported €5 billion. Italy's government agreed to bail out the bank last week. "The state intervention will bring security to the bank, and it will become one of the safest in the world," one Italian official told the FT on Tuesday.

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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Latest News

  1. Poland shows no sign of concessions to Commission
  2. Spain's De Guindos to be ECB vice-president
  3. Conservative 'buccaneering Brexit' narrative unrealistic
  4. MPs demand Council become more transparent
  5. Eurogroup starts process to pick new ECB chiefs
  6. 'Fact of life': some EU funding in new tech will get lost
  7. EU asks charities to explain anti-abuse measures
  8. ECB, Budget, EU elections This WEEK