The European Commission agreed to grant Switzerland six more months to achieve progress in a dispute over a deal governing EU market access and free movement of labor. The agreement negotiated between the European Commission and Switzerland is meant to provide a framework for bilateral cooperation including agricultural trade and aviation. The EU had expected…
Tag: Vladis Dombrovskis
Ukraine receives €500 million EU loan
This week the European Union will release a first tranche of the EU macro financial assistance to Ukraine, European Commission Vice-President for Euro Valdis Dombrovskis wrote in his Twitter micro blog. “Today the EU disburses EUR 500 million of macro-financial assistance to Ukraine. The EU continues its strong engagement in Ukraine, and support for its people,”…
Italy budget tussle goes on
European Commission vice president for the euro Valdis Dombrovskis said the EC wants to see a “considerable, and not marginal” correction in Italy‘s budget adjustment from the initial package that was rejected. Dombrovskis said the direction of the budget was currently “counter-productive“. “It must be revised,” he added. The government has been sending mixed signals…
Italy at edge of EU infringement procedure
Italy at the edge of an infringement procedure if the government does not change its draft budget plan for 2019, European Commission Vice-President for the Euro Valdis Dombrovskis said. The Commission has rejected the plan, which sees Italy running a deficit of 2.4% of GDP next year, saying it would breach the Stability and Growth…
Berlaymont-Rome budget crisis deepens
Deputy Premier Matteo Salvini responded to the European Commission’s decision to reject Italy‘s budget draft and request a new package within three weeks, assessing it as an “attack” on the Italian economy. Salvini says Italy won't change budget, 'Italians come first' https://t.co/xu15vs6l5T pic.twitter.com/DeMhqqmYMb — Reuters UK (@ReutersUK) October 24, 2018 The Commission regards the proposal,…
Is EU Regulation Ready for Fintech?
Serge Turbin, OPINION Fintech is a booming sector at the intersection of financial services and technology. Increasingly, fintech startups and technology companies are entering the marketplace traditionally reserved for large financial institutions and intermediaries, such as banks and insurance companies. From TransferWise to Funding Circle, fintech firms are disrupting the status quo, by offering new…
EUROPE DIPLOMATIC 