What happens in Italy with the green homes directive? The Meloni government in Brussels voted against but is studying tax deductions for those who renovate homes
After the Ecofin, optimism emerges from the leaders - France and Germany call a summit to decide - Italy makes a wall: ok to rules on debt, but no parameters that are too penalizing on the deficit
Spain, the current president, is pushing for mediation between Italian wait-and-see and German intransigence, but the road seems to be uphill
"The banking package is a good compromise and above all seeks to compensate for the negative effects of the increase in the spread", commented the president Abi Patuelli - From NPLs to credit to SMEs, from liquidity to the "Danish compromise", here are the news in…
Thus only nine jurisdictions remain on the blacklist. These are Samoa, Bahrain, Guam, the Marshall Islands, Namibia, Palau, Saint Lucia, Samoa and Trinidad and Tobago.
Athens can breathe a sigh of relief: the finance ministers accept the Commission's recommendation and put an end to the procedure opened in 2009, when the deficit exceeded 15% of the gross domestic product - Now the budget is in…
From Formiche.net - Three ways to make Internet giants pay taxes discussed at the Tallinn Ecofin - Problems, doubts and possible solutions.
The two days in Tallinn of the Eurogroup and Ecofin kick off on 15 September: among the topics on the table, the debate on the Web Tax. However, the Estonian presidency does not agree with the proposed approach, indicating the possibility of taxing companies starting from…
Fires: from Vesuvius to Sicily is an emergency - Banks, Ecofin: ok to anti-non-performing plan - FCA-USA towards agreement on dieselgate - Cardani (Agcom): Italy late on the Web, yes public-private agreements - Alitalia says goodbye to Sardinia .
EU finance ministers aim to create a secondary market for NPLs to drive up prices and also suggest creating national bad banks to attack bad debts
The Minister of the Treasury after the Ecofin: "The Italian banking system remains solid" - The measures being studied by the Government are only of a "precautionary nature"
The Council's decision can now trigger the sanctions but the ball returns to the field of the Commission, which has 20 days to always propose the sanctions to be adopted to Ecofin - The fine, if decided, would be equal to 0,2% of the…
The two countries have not corrected the public deficit as recommended by the parameters of the Stability and Growth Pact - Now the decision on possible sanctions is up to Ecofin.
The attempt by German Finance Minister Schaeuble to induce the EU to introduce a ceiling on government bonds held by banks has failed. Germany found itself alone in the company of Holland, Finland and Sweden but…
Slight drop in the morning on European markets, awaiting the results of the European summit in Amsterdam - Eurozone SMEs down in April - Luxury, energy and automotive down in Piazza Affari - Banks mixed, editorials among…
Government bonds and European guarantees on deposits will be at the heart of the Ecofin meeting today and tomorrow in Amsterdam.- Germany asks for a ceiling on the ownership of public bonds for banks, Padoan replies: "Placing constraints is wrong" -…
The Ecofin Council on 9 December will adopt the directive on administrative cooperation, which incorporates a standard for the exchange of information into EU legislation.
"Today's agreement is a strong contribution from the EU to global governance", commented the Minister of Economy Per Carlo Padoan, as the rotating president of Ecofin - Austria will adapt at the latest to adopt the same rules from…
Minister Padoan will have to explain our country's plans for the six-month EU presidency first to his Eurozone colleagues, then to the EU economy ministers - It seems that the Renzi government will ask for a mechanism whereby structural reforms are…
National authorities are given common powers and tools to prevent and deal with bankruptcies in an orderly manner while preserving the essential operations of institutions and minimizing taxpayers' exposure to losses.
"This pillar of the banking union adds credibility to the European financial system", a statement explains - The new Frankfurt function will take effect from November 2014.
Minister Saccomanni to Ecofin: "The Italian economy needs support and financing for small and medium-sized enterprises" - Ecofin recommendations formalized for Italy, which will have to ensure that the GDP deficit remains below 3%.
At the meeting of the European finance ministers it was decided that in the event of bank failure, shareholders, bondholders and deposits will pay, in order, over 100 thousand euros: only after having paid at least 8% of the liabilities, the states will be able to exempt…
At the end of the Ecofin meeting in Luxembourg, Economy Minister Fabrizio Saccomanni once again spoke about the recent increase in interest rates, stating that this was due to tensions of a global nature and not to European factors. Saccomani declared himself satisfied with the…
Italy exiting the condition of "special surveillance" by the EU now that the deficit/GDP ratio has returned to the framework set by the European Stability and Growth Pact.
The five third countries with which to regulate new conditions of tax cooperation on the taxation of savings income of non-resident citizens are Switzerland, Liechtenstein, Monaco, Andorra and San Marino.
Slovenia is at risk. The report of the National Commission for the fight against corruption in Slovenia has released information that would not make the finance ministers of the euro area calm. The report on Slovenian banks (which are largely…
The only opposing voice is that of the British minister George Osborne, who opposed the new rules on manager bonuses - On this point and on the deadline to be set for the implementation of the rules, negotiations will continue in the coming…
In addition to Italy, there are ten countries authorized by the finance ministers of the European Union to proceed with "enhanced cooperation" for the introduction of the tax on financial transactions - Grilli: "For Italy, one billion euros in revenue".
The compromise reached by France and Germany, according to the German newspaper Sueddeutsche Zeitung, should be submitted today to the Ecofin council - The ECB supervises systemic banks and those aided by the state, the others would be supervised by the national authorities.
The meeting of Europe's economy ministers gave an "informal" yes in favor of releasing the 670 million in aid to Emilia for the earthquake - United Kingdom, Finland and Sweden still against.
The same member states also opposed a second amending budget which called for financing the 8 billion euros missing to pay the bills for cohesion fund programmes, and the 90 billion needed…
This was anticipated by French Treasury Minister Pierre Moscovici after a conversation with his Italian counterpart Vittorio Grilli - Italy would be the ninth country to give the green light, after France, Germany, Portugal, Belgium, Slovenia, Austria, Greece, Estonia .
According to the Italian Premier, "the Commission's proposal is certainly a step in the right direction, but it is still based on a decentralized approach, both as regards the resolution fund and its financing, and it is not ambitious enough…
With a unanimous vote, Ecofin reaches an agreement on Basel 3 despite resistance from England and Bulgaria. But the Italian government is concerned about the leeway left to national authorities regarding capital requirements for banks…
For the fifth consecutive month, the directorate of the ECB has decided to keep interest rates at an all-time low - An assessment of the liquidity injections and the parameters of Basel 3, on which…
On the one hand there are those who continue to want, France and Germany in the lead, that the parameters for credit institutions are the same for everyone - On the other hand, Great Britain and Sweden would like stricter rules but to be left to discretion…
"Something is still missing - underlined Schauble's Swedish counterpart, Anders Borg -. We are looking for a solution on the new capital requirements for banks, but we still need to take steps forward".
The Italian Premier today at Ecofin: "An agreement between all the member states would be preferable for us", but although "the question of a global understanding is pertinent, it cannot be a reason to paralyze our activity" - In the afternoon l 'meeting with…
Yesterday evening the finance ministers of the Eurozone gave the political ok to the new 130 billion euro plan for Athens - Tomorrow the official yes - The target for Spain's 2012 deficit has been revised from 4,4 to 5,3%, half …
According to what was declared to the Chamber by the central director of Bankitalia, the agreement for the introduction of the Basel 3 implementation rules should be reached at the Ecofin meeting in March.
In the press conference at the end of Ecofin, the Professor did not rule out the possibility that the European Central Bank could transform itself into a lender of last resort.
The decision came during the last emergency Ecofin summit - The Fund will thus have more resources to support the countries most affected by the debt crisis - Great Britain will only make its contribution from next year and in the framework…
On December 5th, the Council of Ministers will launch the first package of measures, including structural ones for the revitalization of the economy - The prime minister also said he "appreciates" the European Commission's proposal on strengthening community governance.
The Prime Minister, who spoke during the Ecofin meeting, invited not to make the "Stability bond" topic a taboo. "We need to think about it with an open mind and be in favor of whatever is needed to improve budgetary discipline"
