EU Economic and Monetary Affairs Correspondent
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Sep 30, 2014

EU budget rules – how much wiggle room is there?

BRUSSELS (Reuters) – Three years ago, hardening euro zone fiscal rules was all the rage. Today, the game is how to fully use their “flexibility”.

The change shows how far the euro zone has traveled from trying to win back the confidence of investors at the peak of the sovereign debt crisis to winning back voters as radical parties rise amid record unemployment and economic stagnation.

Sep 30, 2014

Euro zone inflation slows in Sept, weakens euro vs dollar

BRUSSELS, Sept 30 (Reuters) – Euro zone inflation slowed
further in September on falling prices of unprocessed food and
energy, a first estimate showed on Tuesday, sending the euro
lower against the dollar on expectations of further European
Central Bank policy easing.

Eurostat said consumer prices in the 18 countries sharing
the euro rose 0.3 percent year-on-year, slowing from 0.4 percent
year-on-year increases in August and July. The September was in
line with market expectations, according to polling data.

Sep 30, 2014

Euro zone inflation slows in September as expected

BRUSSELS (Reuters) – Euro zone inflation slowed further as expected in September because of falling prices of unprocessed food and energy, a first estimate by the European Union’s statistics office showed on Tuesday.

Eurostat said consumer prices in the 18 countries sharing the euro rose 0.3 percent year-on-year, slowing from 0.4 percent year-on-year increases in August and July. The September was in line with market expectations, according to polling data.

Sep 29, 2014

Incoming EU economic affairs commissioner talks tough on budget discipline

BRUSSELS (Reuters) – The European Commission will not let EU budget discipline rules be flouted, incoming economic affairs commissioner Pierre Moscovici said on Monday, days after his former colleagues in the French government said Paris would again miss EU targets.

Last year, European Union finance ministers gave Paris an extra two years to bring its budget deficit below the EU ceiling of 3 percent of national output after France missed a 2013 deadline in what is called the ‘excessive deficit procedure’.

Sep 29, 2014

Incoming EU econ commissioner talks tough on budget discipline

BRUSSELS, Sept 29 (Reuters) – The European Commission will
not let EU budget discipline rules be flouted, incoming economic
affairs commissioner Pierre Moscovici said on Monday, days after
his former colleagues in the French government said Paris would
again miss EU targets.

Last year, European Union finance ministers gave Paris an
extra two years to bring its budget deficit below the EU ceiling
of 3 percent of national output after France missed a 2013
deadline in what is called the ‘excessive deficit procedure’.

Sep 18, 2014

Russia demands changes to Ukraine-EU trade deal

BRUSSELS (Reuters) – Russia has demanded changes to a free-trade deal between Ukraine and the European Union, underlining that Moscow was not satisfied by a last-minute concession from the EU to delay implementing the pact at the heart of the conflict in Ukraine.

In a letter to the EU trade commissioner, seen by Reuters on Thursday, Economy Minister Alexei Ulyukayev said Moscow wanted three-way negotiations to amend the EU’s treaty with Kiev, which Russia says will hurt its own economy.

Sep 14, 2014

EU seeks billions of euros to revive economy

MILAN Italy (Reuters) – The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.

With Europe’s economy struggling to recover from the worst financial crisis in a generation, EU finance ministers tasked the European Commission, the EU executive, and the European Investment Bank (EIB) to draw up a list of projects that would create growth and decide how to finance them.

Sep 13, 2014

Show us the money: EU seeks billions of euros to revive economy

MILAN Italy (Reuters) – The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.

With Europe’s economy struggling to recover from the worst financial crisis in a generation, EU finance ministers tasked the European Commission, the EU executive, and the European Investment Bank (EIB) to draw up a list of projects that would create growth and decide how to finance them.

Sep 11, 2014

France to come under pressure for breaking budget promises

MILAN Italy (Reuters) – France will come under pressure from its euro zone peers on Friday to do more to keep its budget promises, diplomats said, after Paris said on Wednesday it would delay cutting its deficit by two more years.

Euro zone finance ministers meet for informal talks in Milan on Friday, and high on the agenda will be the recently revamped EU budget rules, which limit budget deficits and debt and set deadlines for their reduction, officials said.

Sep 10, 2014

New EU economy team to seek policy middle-ground

BRUSSELS (Reuters) – The new European Commission will spread responsibility for key economic issues over three top officials with different economic views, in what critics say could mean policy deadlock but advocates see as a route to compromise.

Commission President-elect Jean-Claude Juncker appointed French Socialist former finance minister Pierre Moscovici as commissioner for economic and financial affairs, taxation and customs union. He will monitor governments’ fiscal performance and the overall health of the economies of the 28-nation bloc.

    • 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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