Finance

All news and posts of our editorial team on the topic

EU Commission: debt rules probably suspended until 2023
In view of the Ukraine war and gloomy economic prospects, the EU Commission is likely to turn a blind eye to European debt rules for another year. On Monday, according to insiders familiar with the matter, it will probably propose leaving the rules suspended in 2023 as well. The conditions for this are still in […] continue reading →
Reconstruction: expensive plans for Ukraine
The EU Commission promises billions for reconstruction – but financing is not yet secured. The German government is against taking on new debt. continue reading →
The ECB and Fiscal Policy Capture
A monetary policy that has been fiscally appropriated – could be an explanation for the high inflation, writes Willem H. Buiter in Standpunkt. This theory is particularly convincing with regard to the ECB. continue reading →
Finnish gas supplier goes to arbitration court
Finnish energy supplier Gasum is suing Gazprom before an arbitration court. Tuesday, the state-owned company said it would not comply with the Russian group’s disputed new payment instructions. “In this situation, Gasum had no other option but to take the contract to arbitration,” CEO Mika Wiljanen said, according to a statement. Gasum’s announcement raises risks […] continue reading →
EU guidance: companies to continue paying for gas in euros or dollars
Even weeks after Russia’s announcement that countries classified as unfriendly, such as Germany, will have to pay for gas supplies in rubles in the future, the details are still unclear. Suppliers are holding back on concrete statements, but for some, the time for the next installment is still running out in May. In the updated […] continue reading →
Commission: inflation slow to ease
The EU Commission has drastically revised its growth forecast for the European economy downward due to the war in Ukraine. The economy of the EU and the euro countries will grow by only 2.7 percent this year instead of 4 percent as previously expected, according to the authority’s spring forecast. For Germany, growth of only […] continue reading →
Facilitated aid schemes expire at the end of June
The relaxation of EU rules that allowed member governments to grant more than €3 trillion in state aid to thousands of companies affected by the COVID-19 pandemic over the past two years will end on June 30, EU competition authorities said Thursday. Of this amount, about €730 billion were actually spent, according to the European […] continue reading →
Johannes Hahn: “we need an economic stimulus package”
The EU budget commissioner argues for an accelerated admission of Ukraine and an expansion of the EU in the Western Balkans. The conditions for Ukraine's membership would have to be linked to a multi-billion reconstruction program. He does not expect financial sanctions against Hungary via the rule of law mechanism until the second half of the year, says Johannes Hahn in an interview with Hans-Peter Siebenhaar. continue reading →
Eurogroup President wants to advance a joint deposit guarantee scheme
The president of the Eurogroup wants to move forward with the controversial common deposit guarantee for banks in the European Union. During a video conference on Tuesday, Paschal Donohoe presented the finance ministers of the euro countries with a roadmap in two phases to complete the banking union. Part of the plan is the common […] continue reading →