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Eleonora Vasques

Europe News

'Digital euro will not replace cash', ECB's Lagarde tells Euronews

European Central Bank President Christine Lagarde rejected claims in an exclusive interview with Euronews that the digital euro is designed to replace cash or allow the central bank to monitor payments, as the legislation entered a new phase following months of talks in the European Parliament.

Europe News

Growing momentum for EU joint borrowing, Cuerpo tells Euronews

Spanish Finance Minister Carlos Cuerpo used finance ministers' meetings in Brussels to promote his €850 billion proposal for joint EU borrowing, arguing that the timing is right as Europe seeks to develop new safe assets in response to growing geopolitical uncertainty.

Business

Digital euro enters final round of EU negotiations

The European Parliament and EU governments are entering the final phase of negotiations on the digital euro. The most sensitive issues include how fees will be shared and how banks and payment providers will be compensated.

Europe News

Exclusive: EU to revise crypto rules in 2027 amid Trump's push

The European Union is set to revise its Markets in Crypto-Assets Regulation (MiCA) to cover non-EU issuers and broaden its scope, as US President Donald Trump's support for stablecoins prompts new regulatory questions.

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Europe News

Spain pitches €850bn per year in common EU borrowing

Spanish Economy Minister Carlos Cuerpo will pitch a new common debt mechanism ahead of a meeting of euro-area finance ministers in Brussels on Thursday.

Europe News

Lagarde mulls leaving ECB early to play a role in French elections

European Central Bank President Christine Lagarde said she is considering the possibility of taking part in the upcoming French elections, a move that could result in her stepping down from her post earlier than planned.

Europe News

EU institutions pile on pressure for 'ambitious' budget, new resources

As member states negotiate a €2 trillion long-term budget, the European Commission is advocating for tangible proposals on new revenues, known as "own resources".

Europe News

EU budget chief Serafin criticises ‘frugals’ over proposed budget cuts

The so-called "frugal" member states are asking a significant reduction in spending ahead of the EU's upcoming 2028-2034 budget.

Business

US Fed to make a decision on rate hike in four weeks, Warsh says

US and European central banks are weighing inflation risks ahead of key policy decisions, with energy prices and an AI-driven investment boom shaping the outlook.

Markets

€37tn in savings: Why EU countries resist a unified capital market?

Despite capital markets integration being a top priority for EU leadership, member states remain reluctant to deepen it further. A full European capital markets union comparable to the US remains out of reach, even though it is seen as necessary to compete in strategic sectors like AI and defence.

Business

IMF to closely monitor China’s economic growth amid trade tensions

An accurate measurement of China's digital economy is a priority for other powers competing with Beijing in fast-developing technologies.

Business

EU proposes tax overhaul to cut business costs by €8 billion a year

The reform would reduce the compliance burden for businesses and facilitate cross-border payments.

Business

Digital euro expected to launch by 2029 after EU backing

The digital currency is expected to launch by 2029, in a push to bolster European autonomy in payments away from the dominance of the US dollar.

Business

EU plans banking reform by early 2027 to unlock billions in investment

The European Commission is preparing reforms for the first quarter of 2027 aimed at breaking down barriers between national banking markets, increasing financing for businesses and strategic sectors, and reducing the bloc’s dependence on foreign banks.

Business

Capital markets union imperative to build euro, Lagarde says

In an increasingly unstable geopolitical landscape, the EU has no choice but to take control of its own money, head of ECB tells panel in Brussels.

Europe News

EU leaders aim for October draft deal on €2 trillion budget

Battle lines are being drawn between member states on EU spending, with southern and eastern states seeking more for agriculture and regional funding while hawkish governments push back.

Europe News

EU leaders hold talks on common budget in battle for cash

EU governments will hold substantial negotiations on how to allocate €2 trillion of the European common budget over the next seven years, pitting frugals calling for cuts against member states defending money for agriculture to be preserved in tough talks ahead.

Europe News

EU Parliament rejects member states’ first draft of long-term budget

EU lawmakers called the document “insufficient” and criticised proposed spending cuts of €32.8 billion. Because the budget requires Parliament’s approval, pressure is mounting to reach an agreement by the end of 2026.

Economy

Lagarde says ECB interest rate hike ‘robust across three scenarios’

Critics worry the decision to keep rates high could hit productivity and keep inflation from returning to target levels until 2027.

Economy

IMF warns against further relaxation of euro area fiscal rules

The IMF has urged euro area countries to tighten their fiscal policies rather than relaxing them further in response to the energy crisis, with an extra adjustment effort required from high-debt nations.

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