Greece clinches deal
ATHENS — Greece and its creditors reached what Brussels called “an agreement in principle” Tuesday on how to implement its third multi-billion-euro bailout, though Germany warned against rushing the...
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Eurozone, Greek MPs approve third bailout
Eurozone finance ministers gave the green light on Friday to an €85 billion bailout for Greece, whose Parliament voted earlier in the day to accept the deal despite growing resistance within Alexis...
View ArticleApplying Iceland’s lessons in Greece
Greece’s government is getting advice from an analyst who is also helping Iceland figure out how to end capital controls — a crucial issue that will face Greek banks and companies when controls are...
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Conservative MPs deny Merkel asylum on Greece
BERLIN — Germany’s Bundestag endorsed Greece’s latest bailout by a large margin Wednesday, but a record number of Angela Merkel’s own backbenchers abandoned her on the vote, underscoring the high...
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Meet Mr. Stability
LUXEMBOURG — In the drab office with white walls, black carpet tiles and waxy green houseplants, a photocopied sign reads “Keep Calm and Audit.” Notice-boards picture new hires by year of entry. One...
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‘I’m rumored to be a little stubborn’
When German Chancellor Angela Merkel asked Wolfgang Schäuble to be her finance minister in 2009, before accepting the offer he warned her, “You know, I’m not low-maintenance.” He wasn’t kidding. The...
View ArticleThe Ides of September
It was the calm before the storm. Brussels slipped into its usual summer slumber in August, but as a parade of commission officials, lawmakers, regulators and diplomats return to their desks this week,...
View ArticleDavos sets its sights on inequality
No country in the world is fully capitalizing on policies that simultaneously spur economic growth and reduce economic inequality, according to a new report by the World Economic Forum, although...
View ArticleEU ministers scramble for climate finance consensus
LUXEMBOURG – Europe is under mounting pressure to find a unified solution to the question of financing measures to prevent climate change, as critical worldwide United Nations negotiations in Paris...
View ArticleGermany cracks financial whip again
LUXEMBOURG – Germany arrived for a meeting of European Union finance ministers here with a clear message: No more risk sharing until other countries shape up. EU leaders in Brussels and Frankfurt have...
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‘Soon there will be no more Luxembourg’
LUXEMBOURG — If one place should be able to smoothly weather Europe’s migrant crisis, it is the Grand Duchy of Luxembourg. This is the richest country on the Continent and the second richest in the...
View ArticleCommission economics pitch falls flat
A mini-speaking tour last week by Valdis Dombrovskis, the vice-president of the European Commission in charge of the euro and economic issues, and economics commissioner Pierre Moscovici was intended...
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Volkswagen comes under fire in Europe
German Chancellor Angela Merkel called Tuesday for “complete transparency” from Volkswagen after the German automaker was accused by U.S. authorities of rigging its diesel cars to cheat on American...
View ArticleFinance ministers call for minimum EU tax rate
Finance ministers from the eurozone’s biggest economies voiced support in a special Parliament hearing on Tuesday night for a minimum tax rate across the bloc. Speaking in front of a Parliament...
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Coming soon, to a capital market near you…
Next Wednesday, Jonathan Hill, the EU’s commissioner for financial services, will launch his marquee project, the Capital Markets Union. It’s a day we’ve been looking forward to since the spring. A...
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Europe takes on Wall Street
The European Commission on Wednesday unveiled what is arguably its most ambitious financial project since the birth of the euro: a plan to create a single capital market across 28 states to boost...
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Greece’s to-do list
LUXEMBOURG — Greek Prime Minister Alexis Tsipras will need to reach almost 50 reform milestones later this month in order to keep the bailout money flowing. Eurozone finance ministers meeting here...
View ArticleEurope’s tax crusade
LUXEMBOURG – With wealthy countries around the world desperate to reel in billions of dollars in unreported corporate tax receipts, the EU is rushing to finish negotiations on how to share tax...
View ArticleRajoy’s reelection bid hits a budget snag
The European Commission asked Madrid to re-submit its budget on Monday and work harder to bring down unemployment and debt, in a blow to Prime Minister Mariano Rajoy’s campaign to get reelected on the...
View ArticleWithout changing treaties, EU tightens economic screws
In an attempt to give Europe’s shared economy a quick boost without any time-consuming hurdles, the European Commission adopted a new set of measures Wednesday to expand its oversight of the common...
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