Senior correspondent, Brussels
Robin's Feed
Nov 7, 2014

Pay up in installments, EU to tell Britain on disputed bill

BRUSSELS (Reuters) – EU finance ministers will tell Britain on Friday that the only way to resolve a row over a surprise budget bill to Brussels is to pay in interest-free installments, officials said, but Britain’s finance minister insisted the bill was “unacceptable”.

Italy, which holds the EU’s rotating presidency, will present the installment compromise at a ministerial meeting in Brussels, seeking to give British Prime Minister David Cameron a way to save face over the 2.1-billion euro ($2.6-billion) bill.

Nov 6, 2014

EU finance chief to announce capital market plan in 2015

BRUSSELS, Nov 6 (Reuters) – The EU’s new financial services
chief will set out his plans for a pan-European capital market
by the middle of next year, aiming to reduce companies’ reliance
on banks and help revive the bloc’s fragile economy.

Jonathan Hill, the European Commissioner for financial
services, said on Thursday he was seeking to create an
integrated capital market over the next five years and would
develop a plan by next summer following a consultation of banks,
lawmakers and non-governmental organisations (NGOs).

Nov 5, 2014

EU may offer Britain instalment plan for disputed bill – officials

BRUSSELS (Reuters) – EU finance ministers are likely to let Britain pay a hefty new bill to Brussels in interest-free instalments, but rule out any reduction in the surcharge, triggered by historic revisions to national income data, officials told Reuters on Wednesday.

The row over the 2.1 billion euro (1.6 billion pounds) demand for payment with little more than a month’s notice has put British Prime Minister David Cameron under pressure from Eurosceptics at home in the run-up to a national election in May.

Nov 4, 2014
Nov 4, 2014

European Commission cuts forecasts, euro zone recovery delayed

BRUSSELS, Nov 4 (Reuters) – The fragile euro zone will need
another year to reach even a modest level of economic growth,
the European Commission said on Tuesday, revising down its
forecasts and predicting more of the low inflation and high
joblessness that plagues the bloc.

In its autumn estimates, the EU executive said the euro
zone’s economy would expand 0.8 percent this year, 1.1 percent
next year and by 1.7 percent in 2016 – a level the Commission
said six months ago would be achieved next year. The delay in
the upturn was due to drag on the economy from France and Italy.

Nov 4, 2014
Nov 4, 2014

Euro zone to avoid recession, stagnation risks remain: EU Commission

BRUSSELS (Reuters) – The fragile euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, revising down its forecasts and predicting more of the low inflation and high joblessness that plagues the bloc.

In its autumn estimates, the EU executive said the euro zone’s economy would expand 0.8 percent this year, 1.1 percent next year and by 1.7 percent in 2016 – a level the Commission said six months ago would be achieved next year. The delay in the upturn was due to drag on the economy from France and Italy.

Oct 24, 2014

Euro zone risks “relapse into recession” without structural reforms – Draghi

BRUSSELS (Reuters) – The ECB’s president warned divided euro zone leaders on Friday they risked “a relapse into recession” if they failed to press ahead with structural economic reforms, a message welcomed by German Chancellor Angela Merkel.

With a recovery coming to a halt in the second quarter and depressed prices reflecting near record unemployment, France and Italy want to shift away from the spending cuts that marked the bloc’s response to the 2009-2012 crisis.

Oct 24, 2014

ECB’s Draghi tells euro zone more needed to avoid another crisis

BRUSSELS (Reuters) – France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB’s president warned more needed to be done to avoid “a relapse into recession”.

After the bloc’s revival came to a halt in the second quarter, France and Italy want to shift course away from the spending cuts that marked the bloc’s response to the 2009-2012 crisis. Germany says debt discipline must continue.

Oct 24, 2014

Stagnating euro zone seeks German shift

BRUSSELS, Oct 24 (Reuters) – France and Italy sought on
Friday to bridge stark differences with Germany over how to
avert economic stagnation and deflation, but Chancellor Angela
Merkel warned her peers against repeating the euro zone’s debt
crisis.

After the bloc’s revival came to a halt in the second
quarter, France and Italy want to shift course away from the
spending cuts that marked the bloc’s response to the 2009-2012
crisis. Germany says debt discipline must continue.

    • About Robin

      "Robin is a Brussels-based correspondent covering Europe's debt crisis, and editor of the euro zone page on reuters.com. He joined Reuters from the Financial Times in Mexico City in 2002, moving to Panama City and then to Lima, Peru, before heading back to Mexico to cover the U.S.-Mexico border. He led the drugs war coverage that was nominated for an Overseas Press Club award in the United States in 2010. Robin started out in Amsterdam at Dutch financial daily Het Financeele Dagblad as an English-language staffer."
      Joined Reuters:
      2002
      Languages:
      Spanish, French
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