EU Economic and Monetary Affairs Correspondent
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Sep 10, 2014

New EU Commission gives key economic posts to France, Britain

BRUSSELS, Sept 10 (Reuters) – Jean-Claude Juncker, the
incoming president of the European Commission, handed key
economic and financial responsibilities to French and British
members of a restructured, 28-strong team he unveiled on
Wednesday.

French Socialist Former finance minister Pierre Moscovici
takes the key portfolio of economic and monetary policy, though
he will be supervised by former Finnish prime minister Jyrki
Katainen and former Latvian prime minister Valdis Dombrovskis.

Sep 9, 2014

EU to discuss implementation of new Russia sanctions Wednesday

BRUSSELS (Reuters) – European Union countries will discuss on Wednesday whether to implement new sanctions against Russia over its involvement in the Ukraine war, the European Commission said on Tuesday, as Kiev urged the 28-nation bloc to move without delay.

EU governments adopted new sanctions against Russia on Monday but delayed enforcing them to leave time to assess whether a ceasefire in Ukraine, agreed last Friday, was holding.

Sep 9, 2014

EU to discuss implementation of new Russia sanctions Wed

BRUSSELS, Sept 9 (Reuters) – European Union countries will
discuss on Wednesday whether to implement new sanctions against
Russia over its involvement in the Ukraine war, the European
Commission said on Tuesday, as Kiev urged the 28-nation bloc to
move without delay.

EU governments adopted new sanctions against Russia on
Monday but delayed enforcing them to leave time to assess
whether a ceasefire in Ukraine, agreed last Friday, was holding.

Sep 8, 2014

EU delays enforcing new Russia sanctions

BRUSSELS (Reuters) – The European Union adopted new sanctions against Russia over its involvement in the Ukraine war on Monday, but delayed enforcing them to leave time to assess whether a ceasefire in Ukraine is holding.

The sanctions, which target the ability of Russia’s top oil producers to raise capital in Europe, were originally due to take effect on Tuesday.

Sep 8, 2014

EU delays signing off on new Russia sanctions

BRUSSELS (Reuters) – European Union governments delayed signing off on a new package of sanctions against Russia over its involvement in Ukraine on Monday because some governments want to discuss how to suspend the sanctions if a Ukraine ceasefire holds, diplomats said.

EU envoys were meeting on Monday evening in Brussels to decide whether the sanctions – agreed in principle on Friday – should be first implemented and then suspended if the ceasefire holds or whether they should not be implemented at all at this stage, they said.

Sep 4, 2014

Poland proposes 700 billion euro EU investment plan to boost growth

BRUSSELS, (Reuters) – Poland’s finance minister called on Thursday for the creation of a European Fund for Investments that would be able to finance, through leveraging its own capital, 700 billion euros (us$906.4 billion) worth of investment, to revive the stagnant European economy.

The fund could be a special-purpose vehicle under the umbrella of the European Investment Bank Group, the existing

Sep 3, 2014

Europe seeks accord on Russian capital markets embargo

BRUSSELS (Reuters) – Envoys of European Union governments held further discussions on Wednesday on widening a ban on Russian state-owned firms raising capital in the bloc among a range of other sanctions, diplomats and officials said.

Following a decision by EU leaders at a weekend summit to prepare heavier penalties unless Moscow pulls forces from Ukraine, the European Commission, the EU executive, said it had completed proposals for what measures should be taken.

Sep 1, 2014

Ban on buying Russian bonds eyed as EU envoys meet-sources

BRUSSELS (Reuters) – Europeans could be barred from buying new Russian government bonds under a package of extra sanctions over Moscow’s military role in Ukraine that European Union ambassadors were to start discussing on Monday, three EU sources said.

EU leaders decided at a summit on Saturday that the direct engagement of Russian troops in the war in eastern and southern Ukraine – still denied by Moscow – called for a stepping up of sanctions imposed so far unless Russia pulled its soldiers back.

Aug 31, 2014

EU names Tusk, Mogherini to top jobs, ready Russian sanctions

BRUSSELS (Reuters) – European Union leaders on Saturday chose Poland Prime Minister Donald Tusk to chair their Council and named Italian Federica Mogherini to run the bloc’s foreign relations, as the EU prepared to threaten Russia with new sanctions over Ukraine.

A summit in Brussels shared the two coveted EU posts between a Kremlin critic from ex-communist Eastern Europe and the foreign minister of one of Moscow’s biggest customers for gas. EU officials gave Ukraine’s embattled President Petro Poroshenko a warm welcome and assurances of further support.

Aug 31, 2014

UK’s Cameron ‘delighted’ with new EU chief’s reform pledge

BRUSSELS (Reuters) – British Prime Minister David Cameron said he was “delighted” with a promise from Polish premier Donald Tusk, newly elected to a top European Union post, to address his demands for reforming the EU to keep Britain in the bloc.

Two months after suffering a severe and very public setback when he failed to block the appointment of another EU leader whom he judged hostile to his reform drive, Cameron was upbeat about the choice of the Polish center-right leader as head of the European Council, the body representing the 28 EU governments.

    • 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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