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EURACTIV ECONOMY and JOBS WEEKLY | Berlusconi says Italy can't leave euro, coalition ally disagrees

 

ECONOMY AND JOBS WEEKLY

Wednesday, 10 January 2018

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ECONOMY AND JOBS WEEKLY

Check out our latest coverage in our ECONOMY AND JOBS WEEKLY policy hub or follow our latest updates on @eaEconomy
By Jorge Valero (@europressos)

Berlusconi says Italy can’t leave euro, coalition ally disagrees[Politics / News] Silvio Berlusconi said yesterday (9 January) that Italy must not leave the euro but his main coalition partner immediately disagreed, underlining policy differences in the centre-right bloc which is expected to take most seats in an election in March.

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No future of work without social innovation[Economy & Jobs / Opinion] Futureproof labour markets must embed social innovation, writes Denis Pennel.

Financial instruments: A paradigm shift in the next EU budget[Economy & Jobs / Opinion] The (much) higher use of loans and guarantees foreseen in the MFF post-2020 will produce significant changes in the management model of EU funding, and could even herald a structural evolution in the European project as a whole, write Francesco Molica and Nikos Lampropoulos.

Hungary and Poland defend larger European budget[Politics / News] The Hungarian and Polish governments expressed on Monday (8 January) their readiness to contribute with more money to the EU’s multi-annual financial framework after the UK exits the EU in 2019.

Cheese is the beef as EU-Mexico trade talks resume[Agrifood / News] The EU and Mexico resumed talks Monday (8 January) aimed at sealing a new version of their 18-year-old trade deal, a project that has hit several snags – including the touchy issue of cheese.

Macron’s Beijing visit comes at complex time in EU-China relations[Global Europe / Opinion] On 8 January, French President Macron visited China for the first time, seeking closer relations between China and Europe. Some believe it is meant to reposition France as Beijing’s pivot in Europe after Brexit. But the visit comes at a complex time of growing concerns vis-à-vis China’s influence on the continent, warns Harry Nedelcu.

In 2018, expect the euro area economy to put on the brakes – but not for the reason you may think[Economy & Jobs / Opinion] The euro area economy has at last started to begin recovering convincingly from the past decade’s two recessions. But two big factors will moderate growth in 2018, writes Ilaria Maselli, citing the ageing workforce in Germany as being of particular concern.

Germany’s ‘debt clock’ counts down for very first time[Economy & Jobs / News] 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.

#EU2018: Can the EU and US still work together?[Global Europe / Opinion] Despite the well-known differences on trade, climate change and Iran, a closer examination of the EU-US strategy reveals a number of shared priorities for 2018, writes Fraser Cameron.

EU trade in 2018: A preview[Economy & Jobs / News] The year 2018 will offer a very narrow window of opportunity to bring key EU trade policy files forward.

Will this year be a meaningful one for Europe?[Global Europe / Opinion] Europeans have not yet entirely decided what they want to do together. The obviously powerful narrative glue uniting them, such as the war and the peace of the 50’s, still has to be forged, writes Antoine Ripoll.

A Three-Step Plan for a Better European Monetary Fund[Politics / Opinion] The European Commission's ESM reform plans are so one-sided that they can only exacerbate the Eurozone’s existing problems and deepen the gulf between creditor and debtor states, writes Clemens Fuest.

Eurozone economy’s growth ‘best in nearly seven years’[Economy & Jobs / News] The eurozone economy closed out the year with the strongest growth in nearly seven years, driven by accelerating services and manufacturing activity across all major economies, a survey showed yesterday (4 January).

Most member states unprepared for sweeping new financial market rules[Economy & Jobs / News] A sweeping overhaul of EU financial market rules went into effect on Wednesday (3 January), but only 11 member states met the deadline to start applying the new rules.

Hung parliament feared as Italy goes to vote on 4 March[Politics / News] Italy will vote on March 4 in an election expected to produce a hung parliament, instability and possible market turbulence in the eurozone's third largest economy.

Political intrigue casts shadow over EU’s latest Energy Council[Politics / News] When EU ministers gathered in Brussels on Monday (18 December) to hammer out an agreement over a set of clean energy laws, the elephant in the room was a proposal from the European Commission to cap subsidies going to coal-fired power plants.

Sofia to ban horse-drawn carts for EU presidency[Politics / News] Bulgaria's capital Sofia is drafting plans to rid the common sight of creaking horse-drawn carts from its streets in an effort to brush up its image for the country's EU presidency from January.

The Year in Review: The most popular EURACTIV articles & videos of 2017[Agrifood / News] 2017 has been a full year for the EU, and for EURACTIV. Shortly after our announcement of the EURACTIV rebranding, we rolled out eight Policy Hubs: Politics,  Global Europe, Economy & Jobs, Agriculture & Food, Health, Energy & Environment, Digital and Transport. Here are the most read articles in each Policy Hub: POLITICS A. C. […]

Chololo, the ’secret formula’ for the future of development aid?[Agrifood / News] The expansion of a community-based project in Tanzania is challenging the traditional top-down model of development assistance, proving that money is not the most important thing when it comes to helping people.

Lufthansa’s Air Berlin buyout secures EU blessing[Transport / News] German carrier Lufthansa clinched EU approval on Thursday (21 December) for its scaled back bid to snap up assets of bankrupt Air Berlin, a European Union statement said.

EU and Mexico fail to conclude political agreement on trade deal[Economy & Jobs / News] There will be no modernised trade deal with Mexico for Christmas. Despite having spent three days in Brussels, Mexican economy minister Ildefonso Guajardo hasn't managed to break the deadlock over the contentious outstanding issues, namely geographical indications and investment protection.

EU launches investigation on Chinese subsidies for e-bikes[Transport / News] The European Commission launched an investigation on Thursday (21 December) into whether Chinese exporters of electronic bicycles (e-bikes) benefited from excessive state subsidies, increasing trade tensions between Brussels and Beijing.

Lack of global stance on tax havens deepens divide[Global Europe / News] The EU’s ‘black’ and ‘greylist’ of tax havens earlier this month (5 December) may have been an attempt by finance ministers to prove their toughness in clamping down on tax evasion and avoidance, but to many it merely increased the international community’s divide on tax.

Ministers sign off on fast-track EU data flow deal[Digital / News] The EU took a step towards finalising a key piece of digital single market law on Wednesday (20 December) after EU diplomats agreed to scrap rules that require data to be stored only in a certain country.

EU seeks to urgently counter threat of bitcoin bubble bursting[Politics / News] The EU's top official for the euro on Wednesday (20 December) pressed European regulators to urgently update financial rules in order to face bitcoin's dizzying volatility, after the crypto-currency leapt from $1,000 to $20,000 in under a year.

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