ECB to hold rates and take baby steps towards first cut

The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures.

Schaeuble’s last confession on Grexit

I met Wolfgang Schaeuble twice. The first one was in 2017, literally on his last day as Finance Minister. As I was entering the ministry building, they were moving boxes containing his archives, which made me wonder how many documents related to Greece were among them. Some people who knew him well had warned me […]

Euro at 25: The value of unity in a changing world

The case for Europe has always rested on solving problems that countries could not address alone. After the Second World War, visionary leaders understood that the only way to secure peace on our continent was to unite our economies.

Europeanism of a German cut

Wolfgang Schaeuble assumed the role of Germany’s finance minister in late October 2009, serving in this capacity for a full eight years.

Schaeuble’s death as a challenge for reflection

Without Wolfgang Schaeuble’s strong political presence, it is doubtful that the eurozone would have been able to face the monumental challenge of an economic crisis within its own borders and, above all, cope with the Greek crisis by taking initiatives that went beyond the narrow framework of the Treaties and required the allocation of hefty funds.

We proved him wrong, thankfully

Wolfgang Schaeuble was an emblem in German politics, one of the pioneers of European integration, a catalyst in the unification of the two Germanies – he probably made it happen on the economic front – and, of course, one of Europe’s longest-serving MPs, having served in the Bundestag for more than 50 years.

Greek recovery blueprint secures Ecofin approval

The Economic and Financial Affairs Council (Ecofin) of EU finance ministers on Friday adopted implementing decisions approving the amended Recovery and Resilience plans of Greece and another 12 countries (Belgium, Bulgaria, Croatia, Cyprus, Finland, Germany, Hungary, Ireland, Italy, Latvia, Poland and Romania).

Stournaras: Europe’s economy needs more integration

The European economy needs greater and wider fiscal integration, completion of the banking union and the creation of a real capital markets union to deal with the new big challenges posed by climate change and the green transition, with their increased investment and financing needs, Bank of Greece Governor Yannis Stournaras said on Tuesday.

France, Germany to discuss rigour of EU fiscal rules

France and Germany will discuss later this month how strict new EU fiscal and debt rules should be, to create a basis for a pan-European deal by the end of the year, the finance ministers of both countries said on Thursday.

EU should finance common goods jointly, says ECB’s Knot

The European Union should centralise more of its budget spending, especially for common goods, as that would relieve the burden on more indebted countries and promote convergence, Dutch central bank chief Klaas Knot said on Thursday.