Sunday

22nd Jul 2018

Ticker

Ministers welcome Bulgaria's next steps to join eurozone

Eurozone finance ministers welcomed on Thursday a request from Bulgaria, the EU's poorest country, to join the ERM II - usually a two-year waiting room that precedes euro membership - and the banking union by July 2019. The finance ministers, however, also urged Bulgarian authorities to thoroughly implement reforms in the areas of judicial reform and to fight corruption and organised crime.

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EU wants answers to de-dramatise Brexit talks

Further talks on the Irish border could continue next week as the EU is open to "any solution" that keeps the border invisible. EU negotiator Michel Barnier said key questions remain over the UK's white paper on a future partnership.

EU urges no-deal Brexit preparation

The EU Commission urged companies, citizens, and member states to prepare in case the UK next March crashes out of the EU without a deal - on the day the new UK Brexit minister arrived in Brussels.

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