All posts tagged: Capital markets union

EU’s big 6 pitch a rival to Wall Street – POLITICO

EU’s big 6 pitch a rival to Wall Street – POLITICO

Published by Sam Flores

Back-to-back crises have limited the power of the public purse, so policymakers are hoping professional financiers and savers can do the heavy lifting by putting their money to work in the right places. EU citizens alone have €11 trillion of cash savings sitting in their bank accounts. But vying interests from within the industry and national governments, such as Ireland and Luxembourg, threaten to derail negotiations. That’s convinced the E6 group to agree on the fundamentals among themselves to speed the process along, triggering fears of a two-speed Europe in which some countries are left behind. “I don’t think a separate structure is feasible, because it would conflict with the prevailing perception in all member states today that fragmentation must stop,” Cyprus’ Finance Minister Makis Keravnos, who currently chairs Ecofin meetings, told POLITICO. Devil in the detail The broad strokes of the deal paper over internal divisions within the E6. While all six governments agree on upgrading the EU’s securities regulator into a supercop for the bloc, they disagree on how fast the process should …

EU should learn from Trump’s tariffs, not ‘get angry’ – POLITICO

EU should learn from Trump’s tariffs, not ‘get angry’ – POLITICO

Published by Sam Flores

“That may also enable us to provide concrete answers to the questions raised by Mario Draghi and Enrico Letta. Because we know full well that the European Union really needs to make a huge investment effort, particularly in innovation,” Forissier said, referring to landmark strategy recommendations from the two former Italian PMs.  “Basically, the Americans are doing us a favor by forcing us to take action, make decisions, and step outside our comfort zones or areas of uncertainty that suited us just fine.” Forissier’s comments were a departure from the usually more hawkish French position toward Washington. As recently as January, President Emmanuel Macron called for the EU to use its strongest trade weapon in response to Trump’s threats to annex Greenland.  France has been the fiercest supporter of making the EU economically less dependent on the rest of the world, with Macron for years pushing for more public investment in the EU economy and for more trade defense and “Made in Europe” measures to ensure European firms can compete with their Asian and U.S. …

Kommt die europäische Atombombe? – POLITICO

Kommt die europäische Atombombe? – POLITICO

Published by Sam Flores

Nach der Münchner Sicherheitskonferenz geht die zentrale Debatte in Berlin weiter: Wie souverän muss Europa werden, wenn das Vertrauen in die USA brüchiger wird. US-Außenminister Marco Rubio wählt versöhnliche Worte, doch die strategischen Zweifel bleiben. Eine Analyse von Gordon Repinski. Im 200-Sekunde-Interview ordnet Unions-Fraktionschef Jens Spahn die Konsequenzen aus München ein. Er plädiert für eine stärkere europäische Säule innerhalb des transatlantischen Bündnisses und dafür, auch über nukleare Teilhabe offen zu sprechen. Parallel wird in Brüssel über wirtschaftliche Souveränität verhandelt. Finanzminister Lars Klingbeil wirbt für Fortschritte bei der Kapitalmarktunion. Ziel ist es, Europas Start-ups besseren Zugang zu Kapital zu verschaffen..Rasmus Buchsteiner berichtet, wie Klingbeil internationale Foren auch nutzt, um wirtschaftspolitisches Profil zu gewinnen. Die Ausgabe der Talkshow von Caren Miosga mit Gordon seht ihr hier und unseren neuen POLITICO-Podcast „Power & Policy” gibt es hier zu hören! Das Berlin Playbook als Podcast gibt es jeden Morgen ab 5 Uhr. Gordon Repinski und das POLITICO-Team liefern Politik zum Hören – kompakt, international, hintergründig.Für alle Hauptstadt-Profis: Der Berlin Playbook-Newsletter bietet jeden Morgen die wichtigsten Themen und Einordnungen. Jetzt …

Europe’s push to go it alone exposes old fault lines – POLITICO

Europe’s push to go it alone exposes old fault lines – POLITICO

Published by Sam Flores

While the meeting is not expected to produce binding commitments, it will set a broad political direction for the European Commission, which is due to draw up proposals ahead of a formal summit in late March. “Everyone around the table must … face a moment of truth,” said Manfred Weber, leader of the European People’s Party, whose members include German Chancellor Friedrich Merz and Commission President Ursula von der Leyen. Leaders should “not complain about each other” but do their “homework” to ensure reforms can be completed, he added. Estonian Foreign Minister Margus Tsahkna told POLITICO ahead of the summit that “Europe has lots of leverage. We just need to stick together and make decisions … instead of whining and complaining, we need to understand that through strength Europe will actually have [a firm] position.” A glaring example is the recent disagreement between EU powerhouses France and Germany, whose leaders clashed over Emmanuel Macron’s refusal to endorse the EU-Mercosur trade deal. In an interview published Tuesday by several European newspapers, the French president trumpeted the need …