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Economy
European ‘naivety’ could trigger industrial collapse, warns new Econ Committee Chair
Est. 5minEurope should stop being "naive" and step up efforts to support its faltering industrial base to compete with China and the United States, the newly elected chairman of the European Parliament's Economic and Monetary Affairs Committee told Euractiv in an interview.
Green jobs set to find home away from Europe, head of largest industrial union warns
Est. 5minWhile the EU Green Deal came with the promise of new jobs in green industries offsetting job losses elsewhere, these jobs are currently being created outside Europe, warned Judith Kirton-Darling, General Secretary of trade union IndustriAll Europe.
Econ vice chair Boeselager: Plans for European champions akin to ‘government capture’
Est. 5minDamian Boeselager (Greens/EFA), co-founder of the pan-European Volt party, warned that EU officials' focus on encouraging European firms to "scale up" risks pushing the bloc's competition policy "in a completely wrong direction".
Social welfare will be key to Europe’s competitiveness, says Parliament’s new employment committee chief
Est. 5minThe Left Group prioritised securing the chairmanship of the European Parliament’s labour affairs committee to prevent any rollback of environmental and workers’ protections over the next five-year mandate, the new committee’s leftist chief told Euractiv in an interview.
Europe Ahead: Socialists’ Schmit on why over-regulation isn’t Europe’s main problem
Est. 5minEurope’s economic problems primarily result from insufficient investment rather than excessively burdensome regulations, the Socialists’ lead candidate for the Commission presidency, Nicolas Schmit, told Euractiv in an interview.
High prices, high rates will be new normal in post-COVID world, BNP economists warn
Est. 4minEurope is facing a “generational shift” in its economic architecture that will cause inflation to be structurally higher than at any period since the early 1980s, two leading BNP Paribas economists told Euractiv, warning that high price pressures and high interest rates will be the new normal.
Europe Ahead: Greens/EFA’s Andresen on the false climate vs economy dilemma
Est. 5minRight-wing arguments that Europe would need to sacrifice its climate ambitions in order to boost its competitiveness are groundless and increasingly rejected by business leaders, the head of the German members of the Greens/EFA group at the European Parliament told Euractiv.
Europe Ahead: EPP’s Poptcheva on taking the edge off private investment
Est. 6minIn an interview with Euractiv, Eva Poptcheva also stressed that public investments should aim to “take the edge” of private investments that might otherwise be too risky to undertake.
Europe Ahead: ECR’s Hoogeveen on why EU needs ‘deregulation’
Est. 5minEurope should deregulate its economy and “develop a culture of private investment” similar to the US, the vice chair of the European Parliament's Committee of Economic and Monetary Affairs told Euractiv in an interview.
Collapse of EU-China political ties more dangerous than trade decoupling, top think tank chief warns
Est. 5minThe main danger facing EU-China relations is the deterioration of political ties that would hamper the global effort to combat climate change, the head of a leading European think-tank told Euractiv in an interview on Tuesday (7 May).
Europe Ahead: Left’s Gusmão on following US, China path
Est. 5minThe EU must overcome its “ideological prejudice” against government spending and adopt state-led industrial policies similar to those in the US and China to boost its faltering economy, according to the vice-chair of the European Parliament's Committee on Economic and Monetary Affairs José Gusmão.
Bulgarian commissioner: To adequately finance R&D, the EU needs private capital
Est. 6minIliana Ivanova, European Commissioner for Innovation, Research, Culture, Education and Youth shared with Euractiv in an interview her views on how to fill the gap in financing of science and innovation in the member states which stands at €100 billion per year.
€600m Italy recovery fund fraud likely to be repeated, EU audit chief warns
Est. 5minThe head of the EU’s auditing body warned that there is “absolutely” a risk that recent news of the alleged embezzlement of hundreds of millions of euros from the bloc’s pandemic recovery fund could reoccur in future.
EIB ready to work more with defence but remains cautious, vice-president says
Est. 5minThe European Investment Bank is open to financing defence industries but is still reluctant to go beyond dual-use technology, a top EIB official told Euractiv, warning also that the idea of using eurobonds to finance military industry must be carefully weighed as they may not attract investors.
Expert on EU-Mercosur deal: Argentina needs green investments, not rules
Est. 4minMarcela Cristini, senior economist at the Argentinian Foundation for Economic Investigations in Latin America (FIEL), argued that the new Argentinian government would favour the trade deal between the EU and Mercosur but that the EU's ecological requirements went too far. As …
Macron may be ‘killer of Social Europe’, Platform Work Directive rapporteur warns
Est. 5minMember states must do everything to ensure the Platform Work Directive provisional deal is approved, Parliament file rapporteur Elisabetta Gualmini told Euractiv in an interview, warning that France’s refusal to vote on the text is “unacceptable”.
German Socialist politician warns against failed EU debt rule talks
Est. 5minMuch is at stake in the reform of EU debt rules, which could also threaten the very existence of the euro, Social Democrat MEP Joachim Schuster told Euractiv in an interview.
Nobel economist: Rapid technological changes drive EU skills shortages
Est. 5minSkills shortages across the EU can be explained by technological changes so rapid that workers and companies alike are struggling to keep up, labour economics scholar and Nobel prize winner Christopher Pissarides told Euractiv in an interview on Friday (1 December).
EU budget deal held up by Berlin’s internal debate, bloc’s finance chief says
Est. 5minGermany's internal fiscal discussion is currently the biggest obstacle to a deal on a mid-term revision of the EU's seven-year financing plan, the EU's Budget Commissioner Johannes Hahn said in an interview on Thursday (30 November).
Debt rules will affect the most vulnerable, EU trade union chief warns
Est. 5minThe new EU rules for national debts and deficits will limit member states' ability to act on climate change in a socially fair manner, the secretary general of the European Trade Union Confederation (ETUC), Esther Lynch, told Euractiv in an interview, warning against a return of austerity across the bloc.
Vestager pitches EIB candidacy to Le Maire during Paris visit
Est. 6minMargrethe Vestager, a top candidate to lead the European Investment Bank (EIB), came to Paris on Wednesday (20 September) to speak at a flagship start-up conference – and pitch her candidacy for the EIB job with Economy Minister Bruno Le Maire.
Germany wants to persuade France over merits of EU-Mercosur deal
Est. 5minThe German government wants to convince a hesitant France that the merits of the EU-Mercosur free trade agreement - currently being discussed at the EU-CELAC summit - are worthwhile, Franziska Brantner, the parliamentary state secretary in charge of trade at the Economy Ministry, told EURACTIV in an interview.
France must do more to cut down debt, Court of Auditors chief urges
Est. 5minFrance’s debt reduction plan must be more ambitious than what’s already been laid out, French Court of Auditors President and former European Commissioner Pierre Moscovici told EURACTIV France in an interview, warning that the country’s public finances were in a particularly poor state.
Green transition: Member states must ‘free themselves’ from financial markets, expert says
Est. 5minMember states must look to financing options other than public debt and taxation to support the green transition and free themselves from debt repayments, French financial economist Jézabel Couppey-Soubeyran told EURACTIV France in an interview.