EU Economic and Monetary Affairs Correspondent
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Sep 14, 2013

Berlin mulls way to bank union without Treaty change – officials

VILNIUS, Sept 14 (Reuters) – Germany is working on a plan
that would allow the completion of a euro zone banking union
without changing existing EU law, potentially removing a major
hurdle to finish the most ambitious EU project since the start
of the euro, EU officials said.

So far, Berlin has insisted the 28-nation bloc needs to
amend its Treaty if it is to move the power to unwind or fix
struggling banks from a national to a European level.

Sep 11, 2013

EU ministers, central bankers to take it slow on banking union

BRUSSELS (Reuters) – European finance officials will discuss progress towards a banking union on Friday, amid signs the ambitious plan for a single banking framework for the euro zone is stalled as Germany and others argue over its scope.

The informal meeting of EU finance ministers and central bank governors in Vilnius on Friday and Saturday is not expected to break new ground but is their first chance since July to take stock of the increasing number of hurdles to the plan.

Sep 5, 2013

Decision on third Greek bailout set for November: officials

BRUSSELS (Reuters) – The euro zone is likely to decide on a third bailout for Greece in November, after international inspectors finish an assessment of Greece’s struggles to carry out painful reforms, officials said on Thursday.

The International Monetary Fund and Greece estimate that Athens will need 10-11 billion euros in new financing in 2014- 2015 above what the euro zone and the International Monetary Fund have agreed to so far.

Jul 25, 2013

ECB should cut rates, launch new cheap loans to banks to help growth – IMF

BRUSSELS (Reuters) – The European Central Bank may have to cut interest rates and launch a fresh round of unconventional monetary easing to help boost the euro zone economy, which is still weighed down by spending cuts, the IMF said on Thursday.

While recent purchasing managers’ surveys on the euro zone have suggested that business activity is picking up, offering a glimmer of hope that the currency bloc can return to growth soon, the IMF does not see a recovery until 2014.

Jul 25, 2013

ECB should cut rates, launch new cheap loans to banks to help growth, IMF says

BRUSSELS (Reuters) – The European Central Bank may have to cut interest rates and launch a fresh round of unconventional monetary easing to help boost the euro zone economy, which is still weighed down by spending cuts, the IMF said on Thursday.

While recent purchasing managers’ surveys on the euro zone have suggested that business activity is picking up, offering a glimmer of hope that the currency bloc can return to growth soon, the IMF does not see a recovery until 2014.

Jul 20, 2013

G20 puts growth before austerity, vows to tread carefully

MOSCOW (Reuters) – The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that “remains too weak” and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets.

Finance ministers and central bankers signed off on a communiqué that acknowledged the benefits of expansive policies in the United States and Japan but highlighted the recession in the euro zone and a slowdown in emerging markets.

Jul 20, 2013

G20 wary of scaring markets, promises careful policy shift

MOSCOW (Reuters) – The Group of 20 nations, wary of renewed market volatility, pledged on Friday to shift policy carefully and communicate clearly as they seek to navigate a path to recovery.

A final draft communique prepared for G20 finance ministers and central bankers meeting in Moscow said an action plan to boost jobs and growth, while rebalancing global demand and debt, would be readied for their leaders in September.

Jul 19, 2013

G20 focuses on policy clarity, wary of new market turmoil

MOSCOW (Reuters) – The Group of 20 nations, wary of renewed market volatility, stressed the need on Friday to shift policy carefully and communicate clearly as they seek to chart a course to recovery.

A draft communique prepared for G20 finance ministers and central bankers meeting in Moscow said an action plan would be readied for their leaders in September to boost jobs and growth, continue monetary policy support and increase domestic demand where appropriate.

Jul 19, 2013

G20 talks focus on policy clarity, global rebalancing

MOSCOW, July 19 (Reuters) – The world’s economic crisis
response team grappled on Friday with the prospect of more
market volatility resulting from powerhouses the United States,
China and Japan charting a course towards recovery.

Finance ministers and central bankers from the Group of 20
nations, gathered in Moscow, were expected to call for greater
clarity in policy ‘messaging’ after signals of a withdrawal of
U.S. monetary stimulus caused a global sell-off in stocks and
bonds, and a flight to the dollar.

Jul 19, 2013

G20 backs tax plan, seeks to chart recovery

MOSCOW (Reuters) – The Group of 20 nations backed a tax plan on Friday that takes aim at the loopholes used by multinational firms and responds to anger among voters hit with higher tax bills to cover soaring national debts.

Finance ministers and central bankers gathering in Moscow were otherwise focused on charting a course towards global economic recovery, and seeking to calm financial markets worried about the impact of stimulus programs.

    • 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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