EU Economic and Monetary Affairs Correspondent
Jan's Feed
Mar 16, 2014

EU to adopt Russia sanctions as Crimea crisis deepens

BRUSSELS (Reuters) – The European Union will raise the stakes in a confrontation with Russia over Ukraine on Monday by slapping sanctions on Russian officials, a day after voters in Ukraine’s Crimea region opted to join Russia in a referendum the EU condemned as illegal.

EU diplomats worked late into the night on Sunday, haggling over a list of people in Crimea and Russia who will be hit with travel bans and asset freezes for actions which “threaten the territorial integrity, sovereignty and independence of Ukraine.”

Mar 14, 2014

EU working from list of 120-130 names for Russia sanctions

BRUSSELS/BERLIN (Reuters) – The European Union has drawn up a list of 120-130 Russians who could be hit with travel bans and asset freezes for their actions over Crimea, European diplomats said on Friday, but the final register of names will only be decided on Sunday.

The five-page list, including senior figures in Russia’s military and political establishment, was drawn up with the assistance of EU diplomats with experience in Moscow, officials told Reuters. It is now being reviewed in Brussels.

Mar 10, 2014

Europe inches closer to deal on bank resolution, more talks ahead

BRUSSELS (Reuters) – Euro zone governments edged closer on Monday towards a deal on how to wind down failing banks, but reached no conclusions and more negotiations will take place on Tuesday to address demands of the European Parliament.

Negotiations are set to last until Wednesday and may be the final step in a European banking union that would mean one supervisor for euro zone banks, one set of rules to close or restructure those in trouble and one pot of money to pay for it.

Mar 10, 2014

Europe reaches crunch point on banking union

BRUSSELS, March 10 (Reuters) – European governments and
lawmakers will try to reach a deal this week on how to wind down
failing banks, clearing the way for a landmark reform as time
runs out to win European Parliament approval before May
elections.

Negotiations are set to span days and may be the final step
in a European banking union that would mean one supervisor for
euro zone banks, one set of rules to close or restructure those
in trouble and one pot of money to pay for it.

Mar 9, 2014

EU aims for deal on tackling failing banks next week

BRUSSELS (Reuters) – European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill.

A deal in the negotiations, set to span three days, would be the final step in a European banking union that would mean one supervisor for all euro zone banks, one set of rules to close or restructure those in trouble and one common pot of money to pay for it.

Mar 6, 2014

Ukraine ready to use military to defend itself against Russia

BRUSSELS (Reuters) – Ukraine is ready to use military force to defend itself if Russia further expands its presence on Ukrainian soil, Prime Minister Arseny Yatseniuk said on Thursday, emphasizing that Ukraine would not be made subordinate to its neighbor.

Speaking at a news conference after meeting European Union leaders in Brussels, Yatseniuk said Crimea was and would remain an integral part of Ukraine and dismissed a decision by Crimea’s parliament to join up with Russia.

Mar 5, 2014

EU warns Italy is in economic trouble, France to miss deficit targets

BRUSSELS (Reuters) – The European Commission put Italy on Wednesday on its watch list because of the country’s very high public debt and weak competitiveness and warned France that will miss agreed budget deficit reduction targets unless it takes action.

The Commission, the European Union’s executive arm, conducted in-depth reviews of the economies of 17 EU countries that it believes have macro economic imbalances.

Feb 28, 2014

Germany, Finland fear EU going soft on budget rules

BRUSSELS, Feb 28 (Reuters) – Germany and Finland say changes
in the way the European Commission assesses an EU member’s
adherence to budget rules could weaken the bloc’s pact on fiscal
discipline, a document showed on Friday.

The 8-page document, obtained by Reuters, also called for
independent monitoring of the EU executive’s decisions.

Feb 28, 2014

EU team to visit Ukraine to examine financial needs

BRUSSELS (Reuters) – A small team of financial experts from the European Commission will travel to Ukraine on Monday to assess exactly how much financial assistance it needs, EU officials said on Friday.

The team from the Commission’s directorate-general for economic and financial affairs is expected to meet Ukrainian finance ministry and central bank officials to determine what the country’s budget shortfall and capital needs are.

Feb 28, 2014

Euro zone inflation stabilizes in ‘danger zone’

BRUSSELS (Reuters) – Euro zone inflation stabilized in the European Central Bank’s “danger zone” in February but did not fall as expected, making it less likely the ECB will loosen monetary policy further at its monthly meeting next week.

European Union statistics office Eurostat estimated on Friday that consumer prices in the 18 countries sharing the euro rose an annual 0.8 percent this month. That was the same rate as in January and December, after readings of 0.9 percent in November and 0.7 percent in October.

    • 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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