Main results of the Eurogroup, 7 December 2023
The Eurogroup discussed the overall budgetary situation and prospects in the euro area and reviewed the economic and fiscal situation of the…
Moldova: IMF Executive Board approves resilience and sustainability facility request
The Executive Board of the International Monetary Fund (IMF) concluded the fourth review under the Extended Credit Facility (ECF) and…
Daisy Chains: EU Council and Parliament reach agreement
The Council and the European Parliament today reached a provisional political agreement on the Daisy Chains proposal. The proposal is…
Capital Markets Union: EU Council reaches agreement on improvements to EU clearing services
The Council adopted today a mandate to start negotiations with the European Parliament on a review of the European market…
Carbon pricing and carbon markets: IMF MD Georgieva at EU Pavilion discussion
"Let's look at where we are today. We have close to 25% of emissions covered. When we look at this…
EU Council eases investor access to corporate information
The EU is about to create a single point of access to public financial and non-financial information about EU companies and…
Money laundering and terror financing: EBA consults on new guidelines preventing abuse of funds and crypto-assets
The European Banking Authority (EBA) launched a consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets…
BEUC: Speech by EU Commissioner McGuinness on digital finance
"How do we deal with digitalisation and finance? Huge promise, maybe big perils as well, and how we manage all…
Malta: IMF Staff Concluding Statement of the 2023 Article IV Mission
Malta has marked an impressive recovery from the pandemic and demonstrated substantial resilience to shocks resulting from Russia’s invasion of…
EU Council approves 2022 international climate finance figures
The Council approved the figures today, in preparation for the United Nations Climate Change Conference of the Parties (COP28), which…
Czech Republic: Staff Concluding Statement of the 2023 Article IV Mission
The Czech Republic's economic growth slowed considerably following Russia’s war in Ukraine, reflecting disruptions in global value chains, significant increases…
EBA publishes final standards on new market risk internal models
The European Banking Authority (EBA) today published its final draft Regulatory Technical Standards (RTS) on the assessment methodology under which…
EU Council gives go-ahead to EU annual budget for 2024
Today, the Council approved the joint text on the EU’s general budget for 2024. The joint text has been agreed…
Banking Union: EU Council agrees common position on Daisy Chains
The Council adopted today a mandate to start negotiations with the European Parliament on the Daisy Chains proposal. Daisy chain is…
New rules for consumer credits in the EU enter into force
As of this Sunday, 19 November, new EU rules on consumer credit to safeguard consumers, enter into force. From now…
Banking Union: EU Council agrees common position on Daisy Chains
The Council adopted today a mandate to start negotiations with the European Parliament on the Daisy Chains proposal. The proposal…
South Korea: IMF Executive Board concludes 2023 Article IV consultation
Korea has faced challenges from inflation and a growth slowdown. Growth declined from mid-2022, as global demand for electronics waned…
Measuring Money in the Digital Age – IMF MD Georgieva at the IMF Statistical Forum
"Measuring Money in the Digital Age. Now is the right time to do this—accelerated by the pandemic, mobile payments are…
IMF Policy Paper: Central Bank Digital Currency – Initial Considerations
The paper briefs the Executive Board on the initial considerations on CBDC. These cover a framework to guide countries’ CBDC…
Greece: Staff Concluding Statement of the IMF 2023 Article IV Consultation Mission
Greece’s economic outlook has improved notably with real GDP expanding beyond its pre-pandemic trend level. The public debt-to-GDP ratio has…
ESAs publish amended standards on mapping External Credit Assessment Institutions
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published two amended…
Budget deal at the EU Economic and Financial Affairs Council
The Council and the European Parliament today reached agreement on the EU’s annual budget for 2024.
IMF and Ukraine reach staff level agreement on the Second Review of the Extended Fund Facility (EFF) Arrangement
Ukraine’s four-year EFF Arrangement, with access of about US$15.6 billion (SDR 11.6 billion) was approved on March 31. The IMF-supported…
Sweden unites for global crypto transaction data exchange
Sweden is one of a number of countries that have signed up to a collective engagement to implement the OECD’s…
EU Council approves conclusions on statistics
The Council approved conclusions on EU statistics that welcome progress made on keeping comparable and reliable statistics for better policy-making and provide…
Remarks by Executive VP Dombrovskis at the ECOFIN Press conference
The Spanish Presidency has been working tirelessly for an agreement and we fully support its ambition to finalise the negotiations…
Remarks by EU Commissioner Gentiloni at the Eurogroup press conference
Starting with the good news: inflation in the euro area fell to 2.9% in October, down from 4.3% in September,…
Main results of the Eurogroup, 8 November 2023
As part of the Eurogroup’s regular monitoring of economic developments, the institutions provided their analysis of the most recent macroeconomic…
EU Council: President Michel’s Strategic Agenda consultations
I am pleased to invite you to a dinner on the Strategic Agenda to continue our discussions on the priorities…
EU Commission welcomes political agreement on euro instant payments
The Commission welcomes the political agreement reached yesterday between the European Parliament and the Council on the Commission's proposal to make instant payments…
Online fraud with cryptocurrencies: Eurojust and Europol actions across Europe
At the request of the Swiss authorities, Eurojust has coordinated several actions against an online fraud network in EU Member…
EU legislators reach agreement on easier instant payments in euros
The Council and the European Parliament have reached a political agreement on the instant payments proposal, which will improve the availability of instant…
Ireland: IMF Staff Concluding Statement for the 2023 Article IV Consultation Mission
Ireland’s economy has shown remarkable resilience in the face of recent consecutive shocks, achieving one of the highest growth rates…
U.S. Federal Reserve maintains federal funds target range rate at 5.25 to 5.5 percent
Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since…
ESMA analysis on EEA share market structure since MiFID II application
ESMA publishes today an article on the evolution of the European share market structure from 2019 to 2022, following the implementation of…
Switzerland: First roundtable on cash
On 30 October 2023, the Federal Finance Administration, together with the Swiss National Bank (SNB), held the first cash roundtable.…
Albania: IMF staff concluding statement of the 2023 Article IV Mission
The Albanian economy has emerged as one of the stronger performers in the region. Thanks to a strong rebound in tourism,…
European Council conclusions, 26 and 27 October 2023
The European Council reiterates its resolute condemnation of Russia’s war of aggression against Ukraine, which constitutes a manifest violation of…
Inflation: EIOPA analyses impact on insurers and assesses future risks
How does the current inflationary environment impact insurers in Europe? The European Insurance and Occupational Pensions Authority (EIOPA) published an…
OECD recommends Spain boost productivity and youth opportunities
Strong government support to businesses and households has helped Spain weather the effects of the COVID-19 pandemic, and of rising…
IMF Concluding Statement: Belgium economy shows resilience in withstanding a series of shocks
Supported by strong and timely policy response, the Belgium economy showed resilience in withstanding a series of shocks in the…
FinCEN: Enhance transparency in convertible virtual currency mixing and combat terrorist financing
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that…
EU investment screening and export controls: Safeguarding European security
The European Commission analysed over 420 foreign direct investments (FDI) into the EU over the past year, according to the…
EU Council appoints Claudia Buch as head of the ECB supervisory board
The Council today adopted a decision appointing Claudia Buch as chair of the supervisory board of the European Central Bank.…
Eurosystem: Statements on the next phase of digital euro project
The ECB Governing Council is to start digital euro preparation phase following conclusion of two-year investigation phase on design and…
Remarks by Paschal Donohoe following the Eurogroup on 16 October 2023
"After our transatlantic dialogue with Secretary Yellen and following the approach we agreed back in May, together with our non-euro…
Main results of the Eurogroup on 16 October 2023
Ministers exchanged views with the Secretary of the Treasury of the United States (US), Janet Yellen, on the global outlook and…
IMF European department briefing on the economic outlook in Europe
"Europe has weathered indeed well a series of unprecedented shocks, the pandemic, and then the energy crisis, which was triggered…
IMF: Transcript of the World Economic Outlook Briefing on 10 October 2023
"The global economy continues to recover from the pandemic and Russia's invasion of Ukraine, showing remarkable resilience; yet growth remains…
European banks: EBA sees stabilising benefits from rising interest rates
The European Banking Authority (EBA) today published its Q2 2023 quarterly Risk Dashboard (RDB). Banks’ profitability and capital ratios increased…