The European Court of Auditors has criticized the lack of competition in public tenders. In a special report, the Court states that competition in the award of public contracts by national, regional, and local authorities across the EU has declined significantly over the past ten years. Between 2011 and 2021, fewer and fewer companies took […]
The EU finance ministers received a letter from their colleague Vincent Van Peteghem. The Belgian treasurer, currently Chairman of the EIB Board of Governors, is proposing that Spanish Finance Minister Nadia Calviño be appointed to succeed Werner Hoyer at the helm of the EU bank. The ministers have until this evening to decide whether or […]
Negotiations on the mid-term review of the multi-annual EU budget are at a standstill. The EU Commissioner responsible for budget issues, Johannes Hahn, told a group of international journalists in Brussels that the EU Commission was sticking to its proposal. This envisages requesting an additional €66 billion for the second half of the seven-year EU […]
The EU finance ministers will make another attempt in Brussels on Thursday to reach an agreement on the planned new debt rules. The basis for the ministers’ talks is a revised document from the Spanish Council Presidency, which outlines potential lines of agreement for the four “landing zones” and is available to Table.Media. According to […]
Instead of linking funding to the specific costs of projects, countries receive money from the EU reconstruction fund if, for example, they advance the green and digital transformation or their labor markets with reforms and investments. In a special report on the European Recovery and Resilience Facility (ARF), the Court of Auditors now criticizes significant […]
EU member states want to enter the final straight in the reform of European debt rules. Following the Ecofin talks in Luxembourg, the current Council President Nadia Calviño said a draft would be presented at the next meeting of finance ministers in November. This should form the basis for the final negotiations.Calviño stressed that all […]
Negotiations on reforming European debt rules continue to drag on. According to diplomats, the positions among the member states are still far apart, as it was explained. The background is that about half of all member states, led by Germany, are demanding uniform rules for all EU states in the future set of fiscal rules.The […]
The Vice-President of the German Bundesbank, Claudia Buch, cleared a decisive hurdle on her way to the top of the banking supervision of the European Central Bank (ECB) on Wednesday. After a public hearing in the EU Parliament’s Economic and Monetary Affairs Committee (ECON), which was marked in part by very uncomfortable questions, 29 MEPs […]
The EU member states are sticking to their schedule of completing the reform of European debt rules by the end of the current year. EU Economic Affairs Commissioner Paolo Gentiloni said on the sidelines of the informal Ecofin in Santiago de Compostela, Spain, that all member states had signaled a willingness to compromise at the […]
Minister Backes, the EU Commission wants to realign the European debt rules. Until before the summer break, numerous technical questions were still unanswered. Have these been clarified in the meantime?The technical discussions are still ongoing. We have made progress, but there is still a lot of need for clarification. There is still work ahead of […]