The Commission is calling on all member states to phase out national energy relief measures, such as the electricity and gas price brakes in Germany, by the end of the year. Commenting on the “European Semester,” Commission Vice President Valdis Dombrovskis said it was time to “focus on prudent fiscal policies.” If a renewed rise […]
The Commission wants to improve retail investors’ access to the capital market by adjusting European legislation. EU Vice President Valdis Dombrovskis said at the presentation of the retail investor strategy that Europe has one of the world’s highest individual savings rates. Nevertheless, citizens are much more reluctant than, for example, US citizens when it comes […]
The declared aim of the retail investor strategy – the Commission intends to present the proposal today – is to increase the coherence of European financial market regulation. In addition, the Commission wants to make capital market access easier and more attractive for retail investors. The goal of the “New Retail Investment Rules” is welcomed […]
The EU Commission’s push to strengthen crisis management in the banking sector has met with some criticism from the German government. According to information from Table.Media, Berlin is basically behind the Brussels efforts. However, the Commission’s approach envisages very far-reaching changes to the existing regulatory framework. This is neither necessary, nor is there any justification […]
German Minister of Finance Christian Lindner rejects the EU Commission’s plan to include elements of the planned revision of the European debt rules in the country-specific recommendations to the member states. In the run-up to the meeting of EU Ministers of Finance today and tomorrow in Brussels, diplomatic circles reported that Lindner insists that agreement […]
For a long time, Germany was well represented on the European stage as the member state with the largest population and economy in Europe. Germany was particularly strong in the financial sector, in the foreign service and in parliamentary administration. With Ursula von der Leyen, the Commission President comes from Germany and thus fills by […]
The European Commission is allowing the suspension of debt rules to expire at the end of the year. EU Economic Affairs Commissioner Paolo Gentiloni said in Brussels that it had been right to trigger the so-called Escape Clause enshrined in the Stability and Growth Pact in spring 2020. This had enabled the member states to […]
The European Court of Auditors (ECA) has found fault with the European Commission’s control system for the multi-billion dollar Recovery and Resilience Facility (RRF). A press release from the Court says EU auditors examined the design of the control system and “found a gap regarding assurance and accountability in protecting the EU’s financial interests”.With the […]
The EU states have agreed on draft conclusions on the reform of European debt rules at the technical level, i.e. in the Economic and Financial Committee. The Swedish Presidency plans to present the conclusions, which are available to Table.Media, to the ministers of finance at their meeting on 14 March. EU circles do not expect […]
The European Commission is asking member states to signal early whether they want to take advantage of loans from the REPowerEU package. In addition to grants of €20 billion, the regulation also provides loans of €225 billion to help end dependence on fossil fuels more quickly and drive forward the energy transition. According to the […]