Category: EuroActiv

LONDON — U.K. Prime Minister Liz Truss has overruled her Chancellor Kwasi Kwarteng over the appointment of a new top official to run the Treasury. Kwarteng wanted Antonia Romeo for the role of Treasury permanent secretary and she was appointed to the role last week, according to people familiar with the process. Transitional arrangements in […]

The Bank of England is bolstering support for beleaguered U.K. pension funds to try to underpin government bond markets and create “an orderly end” to its emergency bond-buying intervention on Friday.  The BoE took emergency action on September 28 by pledging to buy up to £65 billion of gilts to calm the market after Chancellor […]

LONDON — Chancellor Kwasi Kwarteng will publish the government’s economic plans earlier than expected after pressure from Conservative MPs to quell market jitters. In a letter to commons treasury committee chairman Mel Stride, published Monday, Kwarteng said the government will now release an economic and fiscal forecast alongside its medium-term fiscal plan on October 31, after initially […]

FRANKFURT — The European Central Bank will continue to raise interest rates so long as inflation remains above target and may lift rates more than markets currently expect, the Dutch central bank said in its financial stability risks report today. “Inflation rates consistently exceed expectations, and the expected inflation peak is moving further away,” the […]

Multiple explosions were reported in Kyiv on Monday morning, according to local officials and footage, marking the first time Ukraine’s capital has been under attack since June 26. Kyiv Mayor Vitali Klitschko said that “several explosions” had taken place in the Shevchenkivskyi district in the heart of the city. Pictures and footage taken by reporters […]

In 2017, more than 40 million Europeans suffered from depression1. The OECD estimated the total cost of mental ill-health to EU GDP at more than 4 percent in 2015, equivalent to over €600 billion per year2. During the pandemic, the prevalence of depression doubled or even tripled in many countries compared with the previous year3, […]

Carisa Nietsche is an associate fellow with the Transatlantic Security Program at the Center for a New American Security (CNAS), where she focuses on Europe-China relations and transatlantic technology policy. Nicholas Lokker is a research assistant with the Transatlantic Security Program at CNAS, where he focuses on European political and security affairs. As Europe’s assessment […]

LONDON — Liz Truss’ inaugural conference as Conservative Party leader unfolded in shambolic fashion with a major policy U-turn and open dissent from senior ministers. But the hard work’s just getting started as restive MPs return to Westminster. Fresh from reversing her plan to cut the top rate of tax, the U.K. prime minister is […]

Thanasis Bakolas is the Secretary-General of the European People’s Party. Our priorities at the European People’s Party (EPP) have always been the people’s priorities.   Honest pay for honest work, social and economic security, affordable housing, access to quality education and health care — this is our political purpose and what we strive for as a […]

Belgium’s budget was already sliding off the rails before the coronavirus pandemic. And now a raft of emergency measures to cushion consumers from soaring energy prices are pushing the government into even more precarious territory. The balancing act between energy doleouts and the creaking national debt burden is dominating the country’s budget discussions before Prime […]