ECFIN RSS FEED ARTICLES -

Statement by the WB, EC and IMF on the Review of Romania’s Economic Programme

Sun, 05 Feb 2012 10:12:00 +0100

Staff teams from the World Bank (WB), European Commission (EC) and the International Monetary Fund (IMF) visited Bucharest from January 24 until February 6 for the regular review of Romania’s economic programme. The objectives of the programme are to solidify economic growth, while maintaining macroeconomic and financial stability.

Speech by Vice-President Olli Rehn - A new stability culture in Europe - Europe House Lecture The Hague

Fri, 03 Feb 2012 10:39:00 +0100

It is an honour to speak to such a broad and dynamic audience today, in a country which, since the foundation of the European Community, has been – and still is – a strong advocate of deeper integration and a Community approach to European policies. For such a successful trading nation as The Netherlands, the two overriding projects of economic integration in the EU, the single market and the economic and monetary union, are the lifeblood of stable and sustained economic growth and of solidarity and social inclusion in an ageing society.

Statement of President Barroso following the Informal meeting of the European Council

Tue, 31 Jan 2012 10:31:00 +0100

Mr Barroso praised the quick agreement on the fiscal compact and added: "We are making a root and branch reform of our budgetary and economic policies instead of falling for the illusion of quick fixes and constant new announcements."

Preparation of Eurogroup and Economic and Finance Ministers (ECOFIN) Council in Brussels, 23-24 January 2012

Mon, 23 Jan 2012 10:54:00 +0100

Background information and agenda for the meeting, which will include discussions on the implementation of the stability and growth pact, the Commission's two proposals on economic governance, and the state of play in Greece.

Statement by the EC, ECB, and IMF on the Review Mission to Ireland

Thu, 19 Jan 2012 15:16:00 +0100

The teams’ assessment was that the programme is on track, although challenges remain and continued steadfast policy implementation will be vital

EC/ECB/IMF (Troika) press conference following fifth review of the EU/IMF Programme for Ireland

Thu, 19 Jan 2012 00:00:00 +0100

The implementation of the EU/IMF Recovery Programme for Ireland is subject to quarterly reviews. Following this review, the Troika held a joint press conference on 19 January 2011 at the EC representation in Dublin.

Video of the press conference is available on EbS

Commission launches accelerated infringement proceedings against Hungary on the independence of its central bank, data protection authorities, and measures affecting the judiciary

Wed, 18 Jan 2012 00:00:00 +0100

The European Commission has today started legal action against Hungary over new legislation that came into force at the beginning of the year under Hungary's new constitution. See also:

Special Meeting of the European Bank Co-ordination “Vienna” Initiative

Tue, 17 Jan 2012 10:10:00 +0100

Public sector officials from the European Bank Coordination "Vienna" Initiative met in Vienna to enhance the co-ordination of national policies that could impact Europe's emerging economies

Statement by Vice-President Olli Rehn on the decision by S&P concerning the rating of several euro area Member States

Fri, 13 Jan 2012 09:14:00 +0100

Mr Rehn regretted the decision by the ratings agency, describing its decsions as inconsistent at a time when "the euro area has taken decisive action in all fronts of its crisis response...more"

Commission publishes EDP report on Belgium, Cyprus, Hungary, Malta and Poland

Wed, 11 Jan 2012 11:00:00 +0100

The report concludes that although Belgium, Cyprus, Malta and Poland have taken effective action to correct their deficits, Hungary has not.

Speech by Vice President Olli Rehn on Eurobonds: Stability and Growth for the Euro Area

Wed, 11 Jan 2012 09:46:00 +0100

Mr Rehn stressed that stability Bonds can provide substantial benefits, even for countries with currently high credit ratings, although serious economic, legal, and technical challenges remain.

EU successfully issues long-term bond with 30 year maturity, funding loans of € 3 billion for Ireland and Portugal

Mon, 09 Jan 2012 19:48:00 +0100

The operation was carried out by the European Commission on behalf of the EU under the European Financial Stabilisation Mechanism (EFSM).

Economic Sentiment declines moderately in both the EU and the euro area

Fri, 09 Nov 2007 00:00:00 +0100

In December, the Economic Sentiment Indicator (ESI) declined somewhat, by 0.8 points in the EU and by 0.5 points in the euro area, to 92.0 and 93.3, respectively. The overall decline in the EU resulted from weakening confidence in services, construction and among consumers, while sentiment improved in retail trade and remained broadly stable in industry.

Statement by Vice President Olli Rehn on the approval by the Spanish Government of extraordinary fiscal measures and the fiscal slippage in Spain

Fri, 30 Dec 2011 12:23:00 +0100

Mr Rehn welcomed the package of budgetary policy measures approved by the Spanish government today and to be adopted by parliament in January

90 - The Balance of Payments Programme for Romania. First Review - Autumn 2011

Wed, 14 Dec 2011 00:00:00 +0100

This report by European Commission services assesses compliance, under the First Review, with the terms and conditions of the 2011-2013 Balance of Payments Programme.

89 - The Economic Adjustment Programme for Portugal. Second review - Autumn 2011

Wed, 14 Dec 2011 00:00:00 +0100

This report by European Commission services assesses compliance with the terms and conditions of the Second Review under the Economic Adjustment Programme.

Commission publishes positive Autumn 2011 report on the Economic Adjustment Programme for Ireland

Wed, 07 Dec 2011 00:00:00 +0100

This paper reports on the joint fourth EU-IMF review of policy conditionality under the financial assistance programme to Ireland (updated programme documents are presented in an annex).

EU economic governance "Six Pack" enters into force

Mon, 12 Dec 2011 11:12:00 +0100

On 13th December 2011, the reinforced Stability and Growth Pact (SGP) enters into force with a new set of rules for economic and fiscal surveillance - the so-called "Six Pack". The measures form the most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic Monetary Union almost 20 years ago. Video of the press conference by EbS / Presentation from the press conference

IFR Award 2011 for EU bond issuance

Tue, 20 Dec 2011 08:49:00 +0100

The EU's €4 billion bond issued in September 2011 has been chosen for the prestigious IFR Award 2011 in recognition of a notable achievement and a vote of confidence in the EU.

Statement by President Barroso at the press conference following the European Council

Fri, 09 Dec 2011 16:54:00 +0100

Mr Barroso noted that "work will now begin to rapidly flesh out the details of this new treaty. The Commission will be active to ensure swift preparation of a treaty that is fully compatible with EU law and also that preserves the role of the European institutions."