EU Commissioner for Trade Phil Hogan: weighing up  whether to run to be the next head of the World Trade Organisation.

The position of Ireland’s EU Commissioner Phil Hogan is increasingly awkward in Brussels as he weighs whether to run to be the next head of the World (...)

 French president Emmanuel Macron: Germany and France have proposed a €500 billion fund for European economies hit by the Covid-19 pandemic. Photograph: Francois Mori

A joint Franco-German plan for a recovery fund to dig Europe out of the economic crash caused by the coronavirus pandemic may constitute a breakthroug(...)

French economy and finance minister Bruno Le Maire participates in an Ecofin video conference with other European finance ministers on Tuesday. Photograph: AFP via Getty Images

The European Commission is to propose a recovery fund of more than a trillion euro, including a mix of grants and loans, its executive vice president (...)

Frances Fitzgerald: “Credit ratings agencies have announced a large amount of rating downgrades for vulnerable companies and sovereigns in the wake of the coronavirus crisis”

European authorities responded to criticism that credit ratings agencies had failed to properly appreciate risks in complex financial instruments, com(...)

Italian foreign minister Luigi Di Maio had called for a “structural” response.

Euro zone countries will not be obliged to impose austerity if they take bailout fund loans to pay for direct and indirect healthcare costs, finance m(...)

European Commission president Ursula von der Leyen during a press conference on Friday to present the economic response to the Covid-19 crisis. Photograph: Getty Images

The European Union will boost spending on coronavirus-hit sectors of the economy, it said on Friday, also clearing member nations to run bigger defici(...)

Photograph: iStock

The euro zone should be ready to spend more if a downturn hits its economy, Germany’s finance minister and his counterparts in the bloc said on Tuesda(...)

European Commission’s Valdis Dombrovskis: EU must put “our money where our mouth is” in terms of climate targets for 2050. Photograph: Patrick Seeger

The EU will mobilise investment of €1 trillion over 10 years in its European Green Deal to transform its economy to net-zero CO2 emissions by 2050, th(...)

Minister for Finance Paschal Donohoe’s budget has been approved.

Paschal Donohoe’s budget has been given a clean bill of health by the European Commission in its annual assessment of member state budget plans.  (...)

Brussels is planning to extend temporary market access to UK clearing houses as it steps up preparations to prevent financial turmoil should Britain c(...)

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