English Blogactiv Posts - EU Blog Platform

Archives for finance

Merkel and Sarkozy have spoken! Forget about euro-bonds. Forget about increasing the emergency funding launched last May. Europe’s leaders, when they meet in Brussels next Thursday, will face a stark reality: the limits of eurozone support have been determined, at least for now, following the Franco-German summit in Freiburg. Economic growth combined with budget restraint… » read more


Open Europe published a new briefing earlier this week, looking at the creation of three new EU supervisors to oversee the insurance, banking and securities sectors. The proposal also paves way for the creation of a so-called European Systemic Risk Boa…

Don’t expect the earth to tremble: this is evolution not revolution. New rules on supervision of Europe’s financial markets, which ECOFIN ministers were expected to approve on Tuesday (September 7) will certainly strengthen Europe’s capacity to anticipate trouble and to handle it when it comes, but the armoury remains firmly in the hands of intergovernmental… » read more

It was evident from the beginning of the eurozone crisis that the only way to discipline recalcitrant member states in the face of enormous budget deficits was to involve the International Monetary Fund, an independent, external organization which was definitely not part of the family, a body which could lay down tough conditions for winning… » read more

The markets have been bowled over by the scale of the eurozone bail-out package announced this morning, after agreement by G-7 finance ministers, the European Commission, the 16 eurozone governments and the International Monetary Fund. An emergency funding facility of up to €720 billion is designed to protect weaker eurozone members and save the integrity… » read more

It should be a time for celebration. The Lisbon Treaty has come into force, a new European Commission has been convincingly approved by the Parliament, the European Council has a permanent president and a European foreign policy structure has been created. Yet it feels as if Europe’s clock has been turned back ten years, to… » read more

In his first major initiative since taking up his new role on January 1 2010, European Council president Herman Van Rompuy has convened a summit for February 11 to prepare for the 2020 Strategy, a ten year programme for creating a more competitive Europe. But can these plans really achieve anything? Only if they lay… » read more

Just a week ago I suggested that continental Europe seemed rather detached from the global credit crunch. Whoops! What terrible timing! In the last seven days Europe has been hit by the storm force winds of this crisis. Liquidity has dried up, governments have been forced to rescue one institution after another, […] Original post… » read more

EurActiv Network