Finance & Trade

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.
EU Official Calls for Surrender of Fiscal Sovereignty

September 15, 2015

Klaus Regling, head of the European Stability Mechanism, has called for EU member states to give up sovereignty in the realm of monetary policy by contributing to the creation of a eurozone finance ministry and parliament.
Governments Warn of Negative Effects of EU Securities Rules

September 03, 2015

The finance ministries of the UK, Germany, and France have warned that new transparency rules on securities and investment research from the European Securities and Markets Authority could be too broad and "overly prescriptive" and thus harm securities trading in the bloc.
EU Faces Criticism over Television Funding

September 01, 2015

Research from the British organization TaxPayers' Alliance shows that the EU spent over £10 million through its "Creative Europe" fund in 2014 subsidizing television programs, many of which promote the EU or were already highly successful prior to the funding.
ECB Official Seeks Path to Political Integration

September 01, 2015

In recent remarks, member of the Executive Board of the European Central Bank ("ECB") Benoît Cœuré extolled the continued political and economic integration of EU member states and considered the best ways to convince Europeans of the necessity of a centralized Europe, including by establishing a euro-area finance ministry.
ECB Expresses Concern at Eurozone Divergence

July 30, 2015

In an economic bulletin, the European Central Bank ("ECB") stated that it was "disappointed" with the diverging status of the national economies in the eurozone, a development that defies the expectations of the architects of the euro project.
CIGI Supports Plans for European Banking Union

July 22, 2015

The Centre for International Governance Innovation ("CIGI") has published a paper praising EU proposals for a European Banking Union and arguing that national policies are insufficient to manage cross-border banking activities in Europe.