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.
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.
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.
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
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.
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.
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.
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.
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.
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
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.