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December European Council

On December 16th and 17th EU leaders will meet for their summit (the European Council), which euinside expects to be extremely tense and controversial. Unfortunately this time we were unable to send a team in Brussels but we will keep you informed about everything that is happening at the Council, thanks to the latest live webcast technologies. In this topic you will find everything related to what's happening on Thursday and Friday.

2 March 2011 06:22 EEAG: Greece should leave the euro area and devalue the drachma

Germany would support a possible extension of the Greek bailout programme from the EU and the IMF, Chancellor Angela Merkel suggested after a meeting with Greek Prime Minister Georgios Papandreou in Berlin. The argument she pointed out was that the Irish rescue loan had the term of seven years, ...

16 February 2011 09:48 The permanent euro area rescue fund will be twice as large as the current

The European Stability Mechanism (ESM) will be able to lend its full capacity of 500 billion euro to troubled euro area member states. This became clear after the extended meeting of the Eurogroup with the finance ministers of non-euro area countries on February 14th. "The loan capacity of the E ...

21 January 2011 15:20 A stress test year for the euro area

The first meeting of EU finance ministers - for this year and the first under the Hungarian presidency - ended with no fundamental news, but rather with some indicative guidelines for future intentions. Two main issues were discussed during the meeting - conducting a new set of bank stress tests ...

3 January 2011 09:08 Less EU and more euro area after a German model with British ornament and a French facon

I am not convinced that we actually take stock of what is going on in the European Union, especially in the euro area. In fact, ever since the EU started to enlarge, no one actually realised what was going on in it, no matter the fact that it started to institutionalise more closely, to integrat ...

18 December 2010 13:16 EU: we rescue only as a last resort!

The permanent bailout mechanism for the euro area countries will be activated only when necessary. This becomes clear from the final text, which EU leaders agreed to be added to Article 136 of the Treaty on the functioning of the EU (TFEU) to set up a European Stability Mechanism: "The Member St ...

16 February 2011 14:10 Bruegel: Greece is insolvent, urgent debt reduction is needed

At their March Summit, the leaders of the euro area countries are expected to come forward with concrete proposals for tackling the debt crisis - on the changes in the euro area rescue fund (EFSF), on the nature and functions of the permanent fund - the European Stability Mechanism, on the Pact ...

26 January 2011 14:40 Impressive market debut of the euro area rescue fund

The euro area rescue fund (the European Financial Stability Facility, EFSF) debuted strongly on the financial markets. Its first ever bond issue reaped stormy investors' interest, as the data published by the Financial Times show. Against the background of the planned issue worth 5 billion euro, ...

18 January 2011 09:10 Brussels wants a bigger and more flexible rescue fund for the euro area

The European Commission wants the effective financial capacity of the European Financial Stability Facility (the rescue fund for the euro area) to be reinforced and the scope of its activities to be widened. This is clear from the Annual Growth Survey, presented in Brussels on January 12. Accord ...

20 December 2010 11:16 If the EU wrote letters to Santa

The moods at the EU leaders meetings are becoming more and more tense, thus increasing the possibility some of them to lose it. This is happening against the backdrop of the receding light in the tunnel for the eurozone countries put under the pressure of financial markets. In such an environmen ...

16 December 2010 18:57 The EU leaders agree on the European Stability Mechanism

The EU leaders have agreed on a limited amendment of the Treaty on the Functioning of the EU (TFEU) in order to create a permanent stabilisation mechanism for the euro area - European Stability Mechanism (ESM). This is written in the draft conclusions of the European Council, circulated by media ...

 
free talk corner
Adelina Marini
#EUref A fateful referendum is taking place today in #UK about its membership in the EU. Fateful for both sides. The expectations are the outcome to be really close. The forecast for #Remain is as probable as that for #Leave. The issue of UK's EU membership has completely obsessed the British society in the past years and has removed almost all other issues off the agenda. Alas, quite the opposite has been on the Continent and in the EU's periphery the fatefulness of the vote has been reduced to zero
23 June 2016 11:55
Adelina Marini #EUref #Brussels is starting to organise to embrace the impact. Meetings in the European Parliament and the Commission are planned. Official statement is also expected by European Council President Donald Tusk. A EU summit is planned for next week but it is possible it could be held earlier. All this against the backdrop of the expected appeals for EU referendums in the countries with strong eurosceptic parties
24 June 2016 08:27
Adelina Marini
#ECOFIN Jeroen #Dijsselbloem: We've decided to postpone our discussion on the Commission's decisions on Spain and Portugal until the Commission publishes the formal data under the EDP
17 June 2016 15:35
Adelina Marini #ECOFIN Valdis #Dombrovskis: The political context is not easy these days but we have to continue our work on the deepening of EMU
17 June 2016 15:44
Adelina Marini
#Eurogroup chairman Jeroen #Dijsselbloem (The Netherlands, S&D) will appear in the economic committee of the European Parliament for a regular economic dialogue. Stay tuned for live updates
14 June 2016 09:03
Adelina Marini #Dijsselbloem: Some structural reforms are very difficult and we're all trying to win election
14 June 2016 10:11
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