Bankinter: It is only a recommendation because fiscal policy is the competence of each member state, but it has consequences on inflation, monetary policy and bonds. The EC relaxed the Fiscal Deficit and Public Debt targets due to the CV19 pandemic (2020) and the Russian invasion of Ukraine (February 2022), but for months it has been insisting on the need to return to fiscal discipline in 2024. The key date…
BancaMarch| Brussels is asking EU countries for €16 billion as a prelude to the European corporate tax. According to Expansión, the European Commission will require EU countries to make a temporary contribution of 0.5% of their companies’ profits from 2024 and until they agree on a common tax on companies to replace it. The aim of the measure is to strengthen the EU’s coffers in order to be able to…
Banco Sabadell: According to information in the press, the EC in a report sent to the Council and the European Parliament is calling for the withdrawal of emergency interventions in the wholesale market, such as the cap on income in the electricity market (€180/MWh in Europe and €67/MWh in Spain) for infra-marginal technologies (renewable, hydro and nuclear). The EC considers that electricity price peaks are not expected next winter like…
In a document fixing its position at yesterday’s meeting of energy ministers in Luxembourg, the government requests the European Commission to be able, as an “exceptional measure”, to “decouple” electricity market prices and limit the price of gas. ” While Spain presented this document the European Commissioner for the Economy, Paolo Gentiloni, said in Madrid that the measures adopted by countries to curb the impact of the rise in wholesale prices on electricity bills must be “temporary” and “respect the single European market”.
Ana Fuentes (Strasbourg) | Where should the EU look in the future? What are the priorities? At a time of rapid change, protectionism and nationalist populism, the European Parliament has approved a document of minimums called The Future of Europe. As inevitably happens in such plural institutions, it is neither binding nor completely satisfies anyone, but sets out the challenges the still 28 members have to confront together if the European project is not to diluted. We discuss it with Ramón Jáuregui, socialist MEP and rapporteur of the text.
For a long time, Spain has had a “debt pending” in terms of budgetary stability. And, for the time being, the current scenario leads us to think that balancing the public finances is a difficult objective to achieve in the medium-term. Added to that problem is the high level of government debt.
The European Commission (EC) could announce this week the details of a new sovereign bond, which would allow for progress to be made in the financial and banking union. According to the EC, it would provide greater financial stability both for governments and European banks in the face of future hypothetical financial crises.
CaixaBank Research | The European Commission is looking at how the banks can have a more diversified portfolio of public debt securities. It is studying how to obtain a safe European asset without having to establish a tax union to back the issue of said asset.
Miguel Navascués | When the signs of an incipient slowdown in the European economy begin to multiply – the matching indicators suggest that industrial production slowed in 2018 – the case for reaching an agreement on Brexit and refocusing attention on unifying the capital markets becomes increasingly more powerful and urgent.
Spain is the country with the most SMEs chosen by the European Innovation Council, the European Commission’s financial and technical support tool, to receive up to 40 million euros in funding with the aim of supporting business growth via the development of innovative projects.