Financial Services

Latest news and analysis on the intersection of financial policy, politics and regulation.

EU cash is being increasingly misused, auditors warn

October 5, 2023 12:01 am CET

Countries are under pressure to spend money quickly and that’s creating difficulties.

Ukraine’s accession would cost €186B, EU estimates

October 4, 2023 3:10 pm CET

Future enlargement of the EU would greatly affect farming and cohesion funding allocation.

EU readies payout to Hungary to avoid Ukraine aid blockade

October 3, 2023 4:30 pm CET

The deal could see Hungary receive around €13 billion in EU funds but it’s likely to be opposed in the European Parliament.

Parliament votes through Buch as EU banking cop

October 3, 2023 12:29 pm CET

Approval clears another obstacle to Spain’s Calviño getting unrelated job at the EIB.

Germany backs China’s aid bank despite Canada’s concerns

October 1, 2023 3:44 pm CET

Beijing secures Berlin’s backing for the AIIB during Frankfurt visit by Xi Jinping’s top economic aide.

Europe takes climate fight global as carbon border tax goes live

October 1, 2023 12:16 pm CET

The Carbon Border Adjustment Mechanism enters a trial phase on Sunday.

Watch out Europe, Italy is spending again

September 27, 2023 6:57 pm CET

A slowdown in growth and higher-than-planned expenditure are leaving the Italians in familiar territory.

Consensus builds for EU bank to finance shells and tanks

September 26, 2023 6:04 pm CET

The war in Ukraine has changed Germany’s thinking after it previously opposed the idea.

Italy waters down its infamous bank windfall tax

September 25, 2023 2:20 pm CET

… but don’t call it a ‘concession.’

With the EIB race still open, Dombrovskis weighs his chances

September 25, 2023 4:30 am CET

Calviño and Vestager are clear front-runners but France and Germany know they have to back the same candidate to avoid an impasse.

France struggles to end ‘whatever it takes’ economics

September 21, 2023 3:59 pm CET

French Economy Minister Bruno Le Maire walks a budget tightrope as he aims to ease spending and bring down debt, but without raising taxes.

The secret, slipshod evidence the EU uses to sanction Russian oligarchs

September 21, 2023 4:30 am CET

Hastily compiled dossiers leave the bloc vulnerable to legal challenges.

Nadia Calviño overcomes another hurdle in bid for EIB top job

September 20, 2023 6:10 pm CET

In deciding against a Spaniard for a separate position, EU Parliament is clearing the way for Madrid’s deputy prime minister.

Surprise fall in UK inflation eases pressure on Bank of England

September 20, 2023 9:13 am CET

Easing food prices bring an end to interest rate hikes in sight — and offer a boost to Conservative government.

EU lawmakers look set to boost Spain’s hopes in race for top banking job

September 19, 2023 7:38 pm CET

With MEPs stepping back from a fight with the ECB over Claudia Buch nomination, Spain’s Nadia Calviño stands a better shot of claiming the EIB crown.

Germany mulls new energy price subsidy for industries

September 18, 2023 4:45 pm CET

German leaders want to prevent an industrial exodus. But the idea is likely to spark controversy within the EU.

Vestager cautions about defense, nuclear investments in EIB pitch

September 15, 2023 3:17 pm CET

The European Investment Bank is ‘for everybody,’ Dane says in an effort to win wider support for job bid.

EU suspends trade talks with Monaco after financial watchdogs’ warning

September 15, 2023 1:50 pm CET

Talks with Andorra and San Marino over an association agreement will continue, however.

India has Russia over an oil barrel

September 14, 2023 5:11 pm CET

In its race to keep energy revenues coming in, Moscow is trading fuel for rupees — even if it can’t always spend them.

ECB lifts interest rates to record high

September 14, 2023 2:24 pm CET

Deposit rate hiked to 4.0 percent amid expectations of prolonged inflation overshoot.

WTF is Christine Lagarde up to?

September 14, 2023 4:30 am CET

The ECB president has sounded the death knell for the dollar and predicted the end of the world economy as we know it — does she know something we don’t?

Germany dithers on EIB choice

September 12, 2023 7:37 pm CET

As race to lead the European Investment Bank heats up, Berlin remains divided.

What, no nuclear? Vestager promotes hydrogen in race to head EU’s bank

September 12, 2023 7:12 am CET

France has said it will favor a candidate for the European Investment Bank who supports investing in nuclear projects.

Brussels drops tax plan to distribute multinationals’ profits across EU

September 11, 2023 11:58 am CET

European Commission’s proposal on multinational tax is due to land on Tuesday.

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