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Eleonora Vasques

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.

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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.

Europe Today

Letta: Europe must unite or risk becoming a 'colony' of US and China

The nascent "EU inc" strategy will attempt to complete the single market before the bloc becomes unable to compete with global superpowers.

Business

France, Italy and Spain push to fix EU banking fragmentation

The call to create a voluntary cross-border framework for banks comes ahead of a major Commission report on sector competitiveness.

Business

Up to 1.3 million EU jobs at risk due to war in the Middle East

The European Commission has raised the alarm over the economic impact of the conflict, warning that energy-intensive industries face the greatest risk of job losses.

Business

EU Commission to criticise Italy for weak industrial strategy

The Commission will criticise Italy’s lack of robust industrial plans and calls for measures to incentivise investment in capital markets as well as reform of tax system, in country-specific recommendations to be published tomorrow.

Europe News

EU tax proposals could yield up to €11bn per year, Commission says

European Commission is examining proposals to finance the next EU budget through tax changes targeting digital services, gambling and crypto assets.

Markets

EU's six largest economies push for capital markets union

The EU’s six largest economies have reached a common agreement on how to integrate capital markets in an attempt to get a deal through a politically stagnant Brussels.

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