Italy's new coalition government has no intention of leaving the euro and plans to focus on cutting debt levels, Economy Minister Giovanni Tria said on Sunday (10 June), looking to reassure nervous financial markets.
In discussions over the EU's next multi-annual budget, EU institutions need to pursue their efforts to decrease the burden of debt, write Cécile Philippe and Diego Sanchez de la Cruz.
A "debt clock" in Berlin, run by German tax lobbyists to shame the government into reining in spending, is falling for the first time in its 22-year history.
More often than not, the European Union is accused of overpromising and under delivering. That´s hardly the case in the Commission’s modest and pragmatic approach to the Capital Market Union (CMU). But as the midterm review of the financial flagship initiative nears, pragmatism is no excuse to miss an opportunity, writes Paul Tang.