Economic governance

Competition 19-04-2024

The EU’s economic destiny, according to the Letta report

In today's episode of Today in the EU, we decrypt the 147-page long report by former Italian prime minister Enrico Letta that all EU institutions have been waiting for. Letta's analysis of the EU's single market was commissioned by the European Council a year ago.

15-03-2024

Scope of EU supply chain rules cut by 70% ahead of key Friday vote

Est. 5min

The number of European companies impacted by EU corporate due diligence rules (CSDDD) has been squeezed by almost 70% of the original EU co-legislators agreement in December, to about 5400 companies - or 0.05% of the total

Economy 29-11-2023

OECD warns France’s deficit projections are too optimistic

Est. 6min

The French government’s deficit reduction projections are not realistic, the Organisation for Economic Cooperation and Development (OECD) found in a report published on Wednesday (29 November), stating France ought to “step up the pace of fiscal consolidation”.

Economy 20-06-2023

Italy says ECB war against inflation will hit growth

Est. 2min

Interest rate rises set by the European Central Bank (ECB) to curb inflation will take their toll in terms of lower economic growth, Economy Minister Giancarlo Giorgetti said on Monday (19 June).

Economy 12-06-2023

No pause in sight as ECB eyes next rate hike

Est. 4min

The European Central Bank will almost certainly deliver another interest rate hike on Thursday (15 June), pressing ahead with its fight against inflation even as the eurozone slides into a recession.

Economy 10-06-2023

Italy says it can’t ratify EU bailout fund treaty without deal on new budget rules

Est. 3min

Italy is unwilling to ratify the reform of the euro zone bailout fund without first knowing how European budget rules will change, Prime Minister Giorgia Meloni said on Friday (9 June).

Economy 27-01-2023

German finance ministry firmly rejects new EU common debt

Est. 2min

Germany's finance ministry firmly rejected proposals on new European Union joint debt on Thursday (26 January), saying such a move, backed by France and European Council President Charles Michel, was not needed and would send a wrong signal to markets.

Politics 02-12-2022

Italy overestimated recovery and resilience fund, struggles to meet targets

Est. 2min

Italy risks spending less than planned in the Recovery and Resilience Plan and is missing key deadlines for the disbursement of the third tranche of the Recovery fund. European Affairs Minister Raffaele Fitto (Fratelli d’Italia/Ecr) first raised the alarm, telling Corriere …

10-11-2022

Fiscal Rules: Go for growth

Est. 9min

The Commission's communication on the reform of the EU's fiscal rules shows that economic growth is now favoured over austerity as the most useful tool to guarantee debt sustainability.

10-11-2022

German finance minister sceptical of new EU debt rules

Est. 5min

German Finance Minister Christian Lindner has reacted sceptically to the European Commission's proposal to allow EU states more individual leeway for adhering to the EU debt rules.

04-11-2022

Looming reform of EU debt and deficit rules: A look at current rules

Est. 5min

With the European Commission expected to put forward its ideas for the reform of the much-criticised fiscal rules for EU member states on Wednesday (9 November), EURACTIV takes a look at the current rules and explains why they are criticised.

27-10-2022

ECB hikes interest rates, insists on price stability mandate

Est. 3min

The European Central Bank (ECB) has raised interest rates by 0.75 percentage points today, and while further rate hikes will follow, ECB President Christine Lagarde said this would be decided on a case-by-case basis.

Economy 27-10-2022

Which economic policies for wartime Ukraine?

Est. 12min

Welcome to EURACTIV’s weekly Economy Brief. You can subscribe to the newsletter here. The economic cost of the Russian invasion paired with limited financial support from the international community is forcing the Ukrainian government to make difficult decisions, …

25-10-2022

Ukraine’s finance minister warns of inflation if $37.9bn fiscal needs not funded

Est. 3min

Ukrainian Finance Minister Serhiy Marchenko warned on Tuesday (25 October) of macroeconomic problems of monetary financing as the Ukrainian government has resorted to printing money to finance its defence and other state expenditure.

20-10-2022

Why does the Stability and Growth Pact not promote stability or growth?

Est. 5min

As the EU's fiscal rules are being reformed, investment in green, digital and social public goods should be excluded from the debt calculations, argues André Sobczak.

Economy 11-10-2022

Brussels eyes multi-year fiscal plans that include investment, reform

Est. 3min

The ongoing reform of EU fiscal rules could give governments more leeway in plans that combine debt cuts with investment and reforms, in exchange for greater accountability, the EU's Economic Commissioner Paolo Gentiloni said on Monday (10 October).

06-10-2022

A €200 billion straw to break the camel’s back?

Est. 9min

The European outrage over the German government's energy package might provide the political momentum for another European fiscal response to the economic crisis triggered by the Russian war.

Economy 12-07-2022

Euro zone finance ministers fail again to name new bailout fund head

Est. 2min

After several months of attempts, euro zone finance ministers failed again on Monday (11 July) to choose a new head of the bloc's bailout fund, EU officials said.

Economy 20-05-2022

EU to extend budget rule suspension because of Ukraine war

Est. 2min

Rules against overspending by EU governments will remain suspended through 2023, extending a pandemic-era reprieve because of the war in Ukraine, sources said on Thursday (19 May).

Mark Rutte leaves building
17-12-2021

New Dutch government under Mark Rutte wants to spend more

Est. 4min

The coalition agreement of the new Dutch government under Prime Minister Mark Rutte foresees more spending on childcare, teacher salaries, and environmental issues, showing the increased influence of the centre-left, liberal party D66.

Economy 16-12-2021

ECB plots stimulus exit as inflation looms

Est. 4min

European Central Bank policymakers will gather on Thursday (16 December) for a crunch meeting, as soaring inflation heaps pressure on the bank to wind down its stimulus just as a new coronavirus variant threatens to derail the recovery.

14-12-2021

French and German finance ministers stress common interests in first meeting

Est. 5min

Although he is known to be a hardline opponent of public debt, the new German finance minister showed his openness to compromise during his first trip to Paris only days after taking office.

Economy 30-11-2021

France sees chance of compromise with Germany on EU fiscal rules

Est. 2min

France will be able to reach a compromise with the new German government to update the European Union's fiscal rules to face economic challenges following the COVID-19 pandemic, French Finance Minister Bruno Le Maire said on Monday (29 November).

30-11-2021

German inflation hits highest in decades, increasing pressure on ECB

Est. 3min

German consumer price inflation rose further in November to hit another record high, preliminary data showed on Monday (29 November), increasing pressure on the European Central Bank to react.