TAG: Stability
The cold fish deal: How EU spending talks went to Brazil and back ― just in time for Christmas
BRUSSELS / PARIS ― When the VIP vending machine broke down in the early hours of the morning near th...
8 months ago
ECB leaves rates unchanged, winds down crisis program early
FRANKFURT — The European Central Bank left its key discount rate unchanged at a record high of 4 per...
8 months ago
EU confident of Orbán U-turn on allowing money to Ukraine
BRUSSELS ― Budapest has signaled to the EU that it is ready to lift its opposition to funding Ukrain...
8 months ago
Look away: The ECB is about to change its rules of engagement
ECB policymakers will meet on Wednesday outside of the framework of their usual monetary policy meetings to decide the technical details about how the central bank should operate in the post-QE era.All the signalling from the ECB suggests they don’t want...
6 months ago
ECB sees no fault in mission to ‘train’ staff minds on climate
The European Central Bank (ECB) is refusing to back down in a row with staff over perceived “disrespect” by top management toward staff.Earlier this week, the bank's staff committee wrote to President Christine Lagarde to protest at comments at an interna...
6 months ago
EU rebuffs solar pleas as sector goes broke, document shows
BRUSSELS — Goodbye and goodnight.That’s the European Union's veiled message to its dying solar manufacturers in a draft declaration seen by POLITICO. Chinese mass manufacturing has brought Europe's solar makers to their knees and had prompted them to turn...
6 months ago
The EU compromise machine is breaking — and everyone’s blaming Germany
EU policymaking is going off the rails as the election nears.The main culprit? Germany’s partisan feuds.From the outside, Brussels’ lawmaking can seem overly procedural and institutionalized. But in recent weeks, drama has riven the EU institutions, with...
6 months ago
Europe must quicken green efforts after election, EU climate chief says
STRASBOURG — The next crop of European Union officials must accelerate the push to slash planet-warming pollution and prepare for an extreme weather surge. That’s EU climate chief Wopke Hoekstra's message after scientists’ latest warning that the Continen...
6 months ago
End of an era as Swiss central banker Jordan steps down early
Thomas Jordan is to leave his post at the head of the Swiss National Bank after 12 years, ending an era in which Swiss monetary policy was the subject of something approaching awe around the globe. “Having met the various challenges of recent years, now...
6 months ago
Mortgages to become more expensive, ECB warns
Homeowners will finally be confronted by rising mortgage payments as the delayed effects of high interest rates kick in, a top European Central Bank official warned."There are going to be a lot more people exposed to interest rates,” ECB Chief Economist P...
6 months ago
EU steps up bid to curb China’s green tech market lead
BRUSSELS — On paper, the EU sees China as a partner in the fight against climate change.But the trade reality tells a different story. As Beijing responds to weak domestic demand with heavy state subsidies, it’s a perfect recipe for overcapacity — from el...
6 months ago
Expect Russia to do ‘whatever possible’ to reassert influence in Bulgaria, outgoing PM warns
Bulgaria's outgoing Prime Minister Nikolai Denkov spent his mandate trying to boot out the Russians, and has no doubt that Moscow will redouble efforts to recover its influence now his administration has collapsed. Denkov, who stepped down on Tuesday, tol...
6 months ago
ECB’s Lagarde digs in as US pushes Europe on using Russian assets for Ukraine aid
WASHINGTON — European Central Bank President Christine Lagarde dug in her heels on the issue of Russia's frozen assets, despite growing pressure on Europe to raise funds for Ukraine. Speaking at the Council for Foreign Relations on Wednesday, Lagarde stre...
5 months ago
Fossil fuel giant Norway pitches itself as Europe’s ideal green partner
HANNOVER, Germany — In world politics, just as in life, some partners are more attractive than others. In its bid to diversify away from China in the race for green technologies and raw materials — all while guaranteeing a stable energy supply — the Europ...
5 months ago