Finance & Trade

EU Proposes Institutions to Further Fiscal Integration

October 28, 2015

Reuters reports that in its efforts to push forward economic and fiscal union in the eurozone, the European Commission has proposed the creation of Competitiveness Boards to evaluate economic policy in each eurozone country and a European Fiscal Board that would advise on eurozone fiscal policy and coordinate with national boards.
EU Commission Advances Financial Integration Plans

October 27, 2015

Despite the decision of EU member country governments at a recent summit not to endorse the "completion" of Economic and Monetary Union in the EU, European Commission President Jean-Claude Juncker has signaled he plans to forge ahead with plans to advance EU integration in this area.
EU Ministers Consider Automatic Sharing of Tax Rulings

October 05, 2015

Finance ministers from EU member countries are meeting this week to consider a proposal from the European Commission that would require national governments within the EU to share corporate tax rulings, potentially from up to ten years ago, automatically throughout the bloc.
EU Advances Proposal for Capital Markets Union

September 30, 2015

The European Commission has released an action plan to establish a Capital Markets Union across the EU to encourage cross-border investment and move toward "the completion of the European Economic and Monetary Union."
EIB Adopts Lending Strategy on Climate Change

September 30, 2015

The EU's European Investment Bank ("EIB") has agreed to a lending strategy that seeks to ensure that 25% of EIB spending supports "climate related investment," including countering global warming and mitigating its effects.
Worstall Predicts EU Fiscal Union Failure

September 29, 2015

In response to the French economics minister Emmanuel Macron's call for a eurozone treasury and finance minister, Forbes contributor Tim Worstall writes that EU fiscal union, which is the only way to make the euro project viable, is not politically possible in Europe at this time.
EU Official Calls for Euro Finance Minister

September 29, 2015

European Commissioner on economic and financial affairs Pierre Moscovici has called for EU member governments to cede executive authority to a central finance minister who would handle economic crises in Europe and who would eventually be able to draw on a eurozone budget.
Minister: UK-EU Treaty Change Could Include Eurozone Integration

September 24, 2015

In an interview with The Guardian, French economics minister Emmanuel Macron has proposed EU treaty changes that both return some competences to the UK and advance integration of the eurozone, including through the creation of a eurozone budget, commissioner, and parliament.
EU Proposes Multinational TTIP Court

September 17, 2015

EurActiv reports that the European Commission has proposed a public, multilateral court to settle investment disputes arising from the US-EU Transatlantic Trade and Investment Partnership ("TTIP") deal to replace the private investment dispute tribunal favored by Washington.
EU Ministers Support Protection of Non-Euro Countries

September 15, 2015

At a recent meeting in Luxembourg, finance ministers from EU member countries agreed to the principle of granting a greater voice for non-eurozone countries in decisions made by an increasingly integrated eurozone that have ramifications across the EU.