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During the third quarter of 2013 euro area government debt decreased in absolute terms for the first time since the end of 2007. According to Eurostat, the EU statistical service, at the of the third quarter of 2013, the government debt to GDP ratio in the euro area also decreased to 92.7%, compared with 93.4% […]
There is no end to EU Commission’s approvals of state aid and government bailouts of hundreds of EU struggling banks, as if the extensive fair competition legislation of the Union is valid for every other sector of the economy at the exception of banks. In the latest incident, the EU competition authorities actually looked the […]
The Ecofin Council, the EU body that regroups the 27 Ministers of Finance, probably the most powerful institution of the European Union, is to conduct its regular meeting this Monday and Tuesday 13 and 14 May. On its agenda the main item will be a Commission’s proposal for a crucial Directive, establishing a framework for […]
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