EU Economic and Monetary Affairs Correspondent
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Jun 26, 2014

EU leaders agree to apply fiscal rules as flexibly as possible -draft

KORTRIJK, Belgium, June 26 (Reuters) – European Union
leaders will agree on Friday to apply EU fiscal rules as
flexibly as possible to support economic growth, taking
structural reforms into account when assessing budget
discipline, draft summit conclusions showed.

The agreement marks a success for Italian Prime Minister
Matteo Renzi, who has been pushing for a more lenient
interpretation of the bloc’s budget rules since he took office
in February.

Jun 18, 2014

Cameron looking increasingly isolated in EU battle

BRUSSELS/ROME (Reuters) – British Prime Minister David Cameron looked increasingly isolated on Wednesday in his drive to prevent Jean-Claude Juncker becoming head of the European Commission, with potential allies softening their opposition.

Cameron said on Tuesday he would “fight right to the end” against the principle of giving the most powerful job in the EU to the candidate of the strongest party in last month’s European Parliament elections.

Jun 13, 2014

EU, Russia, Ukraine agree to discuss Kiev’s EU trade deal

BRUSSELS, June 13 (Reuters) – The European Union and Russia
agreed on Friday to hold high level talks, including Ukraine, on
Kiev’s expected signing of an EU free trade agreement after
Moscow warned last week it would retaliate with measures to
protect its economy.

Ukraine’s government is set to sign the free trade agreement
with the European Union on June 27, over the objections of
Russia, which fears the agreement will be harmful for its own
economy.

Jun 13, 2014

Factbox: Juncker aside, who else might become Commission president?

BRUSSELS (Reuters) – EU leaders will meet on June 26-27 to discuss who they should nominate as the next president of the European Commission. Whoever they choose must then be approved by a majority in the 751-seat European Parliament.

The front-runner is Jean-Claude Juncker, the former prime minister of Luxembourg, who is the candidate of Europe’s largest center-right political group, the EPP, which came first in elections to the European Parliament last month.

Jun 13, 2014

Juncker aside, who else might become Commission president?

BRUSSELS (Reuters) – EU leaders will meet on June 26-27 to discuss who they should nominate as the next president of the European Commission. Whoever they choose must then be approved by a majority in the 751-seat European Parliament.

The front-runner is Jean-Claude Juncker, the former prime minister of Luxembourg, who is the candidate of Europe’s largest centre-right political group, the EPP, which came first in elections to the European Parliament last month.

Jun 10, 2014

EU should simplify budget rules, focus on debt reduction -IMF

BRUSSELS, June 10 (Reuters) – The European Union should
simplify fiscal rules and focus on cutting debt, the
International Monetary Fund said on Tuesday, joining a European
debate on how to make austerity policies more growth-friendly.

Some countries, like highly indebted Italy, want more
leniency on budget discipline for those who reform their
economies, arguing higher growth would help reduce debt.

Jun 4, 2014

Lithuania ready to adopt euro from 2015, Commission says

BRUSSELS/VILNIUS (Reuters) – Lithuania meets all the criteria for joining the euro, the European Commission said on Wednesday, clearing the way for the Baltic state to become the 19th member of the single currency from the start of next year.

To adopt the euro, a country has to have government debt no higher than 60 percent of gross domestic product, a budget deficit below 3 percent of GDP, low inflation and interest rates and its own currency has to be stable against the euro.

Jun 2, 2014

EU tells France and Italy to keep budget promises

BRUSSELS (Reuters) – The European Commission told France and Italy on Monday to stick to their pledges to curb spending while reforming their economies, showing little sign of wavering on EU budget rules.

In its annual policy recommendations to governments around Europe, the Commission sought to strike a fine balance between pushing for budget cuts and stimulating a fragile economy at a time of record unemployment.

May 27, 2014

After seismic elections, EU leaders assess damage

BRUSSELS (Reuters) – European Union leaders assessed the continent’s dramatically altered political landscape on Tuesday following European Parliament elections and sought a response to a rising tide of voter frustration.

With far-right, anti-EU parties sweeping to unprecedented victories in France, Britain and Denmark and populists gaining ground elsewhere, the 28 leaders faced tough questions about the future direction of European integration.

May 26, 2014

Determined Juncker sets out case to head European Commission

BRUSSELS (Reuters) – The battle for the presidency of the European Commission, arguably the most powerful job in Brussels, began in earnest on Monday after the centre-right secured a clear victory in European Parliament elections.

Former Luxembourg Prime Minister Jean-Claude Juncker, the centre-right’s choice for Commission president, brushed off questions about his candidacy, saying the job was effectively his for the taking.

    • 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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