Deputy Bureau Chief, Brussels
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Nov 9, 2015

Euro zone won’t release new money for Greece on Monday, but maybe this week

BRUSSELS/ATHENS, Nov 9 (Reuters) – Euro zone finance
ministers will not release a 2-billion euro tranche of loans for
Greece on Monday because there is still no agreement with Athens
on several reforms, but a deal could be struck this week, top EU
officials said.

Prime among the disagreements for the Greeks is protection
for poorer families in danger of losing their homes as a result
of bad loans.

Nov 9, 2015

Euro zone unlikely to release new money for Greece on Monday

BRUSSELS/ATHENS (Reuters) – Euro zone finance ministers are unlikely to release the next, 2-billion euro tranche of loans for Greece on Monday because there is still no agreement with Athens on several reforms, including a law on foreclosures, officials said.

Finance ministers of the 19 countries sharing the euro are to meet later on Monday in Brussels to take stock of progress on reforms in Greece, which in July got its third bailout loan in five years on the condition it would implement more reforms.

Nov 5, 2015

EU executive sees three million migrants by 2017

BRUSSELS (Reuters) – The European Commission expects some 3 million asylum seekers to arrive in the European Union by 2017, who would boost the EU’s economic output and even improve public finances in the longer-term if integrated into the workforce.

In its economic forecasts for the 28-nation bloc on Thursday, the EU executive arm assumed for the purpose of its simulation that 1 million asylum seekers would arrive in the EU this year, another 1.5 million in 2016 and half a million in 2017.

Nov 5, 2015

EU executive sees 3 mln migrants by 2017, likely to boost economy

BRUSSELS, Nov 5 (Reuters) – The European Commission expects
some 3 million asylum seekers to arrive in the European Union by
2017, who would boost the EU’s economic output and even improve
public finances in the longer-term if integrated into the
workforce.

In its economic forecasts for the 28-nation bloc on
Thursday, the EU executive arm assumed for the purpose of its
simulation that 1 million asylum seekers would arrive in the EU
this year, another 1.5 million in 2016 and half a million in
2017.

Nov 4, 2015

Greek bank recap may cost euro zone 10 billion euros or less, official says

BRUSSELS (Reuters) – The euro zone may need to spend only 10 billion euros or less to help recapitalize Greek banks, a senior EU official said, after an ECB test showed the sector would need an extra 14.4 billion euros of capital if major risks materialized.

Euro zone creditors have earmarked up to 25 billion euros ($27 billion) within the latest, 86-billion-euro bailout, to recapitalize banks after people pulled their money out earlier this year fearing Greece might leave the euro zone.

Nov 4, 2015

EU calls for global response to migration crisis at G20

BRUSSELS (Reuters) – The European Union wants world leaders this month to help tackle the migration crisis that has seen more than half a million refugees enter the EU since the start of the year, threatening to dismantle Europe’s open internal borders agreement.

Leaders of the world’s 20 biggest economies (G20) are to meet in the Turkish sea resort of Antalya on Nov 15-16 to discuss economic and tax cooperation, trade and climate change.

Oct 30, 2015

Euro zone inflation zero in October, pressure on for more ECB easing

BRUSSELS (Reuters) – Euro zone prices were flat year-on-year in October as expected, a first estimate by Eurostat showed on Friday, maintaining pressure on the European Central Bank to further ease monetary policy despite some signs of more inflationary pressure.

The European Union’s statistics office Eurostat estimated that consumer prices in the 19 countries sharing the euro were unchanged this month against levels 12 months earlier, after falling 0.1 percent year-on-year in September.

Oct 26, 2015

Analysis – ECB call for euro zone reforms may fall on deaf ears

BRUSSELS (Reuters) – The European Central Bank says it wants euro zone countries to stir up growth with structural reforms, but its own money printing plans have taken the pressure off politicians for action, leaving European Union rules to drive often unpopular change.

And although the EU toughened up those rules during the sovereign debt crisis, the European Commission has been weak in enforcing them in the teeth of opposition from governments reluctant to coordinate their fiscal policies.

Oct 26, 2015

ECB call for euro zone reforms may fall on deaf ears

BRUSSELS (Reuters) – The European Central Bank says it wants euro zone countries to stir up growth with structural reforms, but its own money printing plans have taken the pressure off politicians for action, leaving European Union rules to drive often unpopular change.

And although the EU toughened up those rules during the sovereign debt crisis, the European Commission has been weak in enforcing them in the teeth of opposition from governments reluctant to coordinate their fiscal policies.

Oct 25, 2015

EU mini-summit seeks unity in Balkans over migrant crisis

BRUSSELS (Reuters) – European Union leaders will on Sunday consider sending hundreds of guards to its borders with the western Balkans, as well as deploying more ships off Greece, as the bloc seeks to balance Germany’s welcome for refugees with tougher security measures.

Central and eastern European leaders meeting in Brussels may agree to send 400 border guards and set up new checkpoints if the EU’s frontier states drop their policy of giving arrivals passage to other countries, according to a draft statement seen by Reuters that must still be agreed.

    • About Jan

      "Based in Brussels since 2005, I cover economic policy news from the European Commission, EU and euro zone economic data, monthly meetings of EU/euro zone finance ministers as well as G7/8/20 meetings. Before Brussels I was a correspondent in Stockholm for five years, covering technology stocks and the Swedish central bank. I was earlier a correspondent in Poland for seven years, covering macroeconomic policy, bond, forex and money markets, the central bank and politics."
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