Dear interested, On the occasion of Europe Day with the 70th anniversary of the Schuman Declaration I wrote to the President of the Commission, Ursula von der Leyen. Over the last eleven years I have helped to shape the monetary union and the EU’s financial market policy. I was involved in the creation of […]
EU anti-money-laundering action plan: Fight against money laundering is in times of coronavirus more important than ever before
Today, Commission Vice-President Valdis Dombrovskis presented the EU-Commission’s new action plan to fight money laundering and terrorist financing. The action plan is a consequence of the major money laundering scandals of the last years which were not prevented by the member states implementing EU anti-money laundering directives. With the action plan, the Commission responds to […]
Ruling of the German Constitutional Court on ECB: German government must make proposal for euro area common fiscal policy
In its ruling today, the German Constitutional Court declared the ECB decisions on the bond purchase programme (PSPP) to be in breach of competences. The judges declared the previous positive preliminary decision of the European Court of Justice to be incomprehensible and thus arbitrary, because the Court had excluded the economic effects of the programme […]
Invitation to the “First German-Italian digital Citizens’ Assembly” with well-known guests on Thu, April 30 2020, at 8:00 p.m.
Limited places, register here. Dear friends, dear interested, The corona virus has not only brought sufferings to thousands of families in Europe, it has also intensified divisions within the European Union. The European unification is once again in great danger. Europe is weakened when countries that have particularly benefited from the European single […]
THE SPINELLI GROUP: A Federal Europe – the way out of the crisis
This report suggests a way to break the deadlock over the MFF. We recommend restructuring the EU budget into federal and confederal parts. Eurobonds could then be launched without changing the treaty or breaking the balanced budget rule, and at no extra cost to national treasuries. Only if the EU acts federally will it acquire […]
Commission proposal on banks in the Corona crisis: One-sided proposals for capital relief
Today Commission Executive Vice-President Valdis Dombrovskis presented proposals for a temporary reduction of capital requirements in the Corona crisis. The Commission wants to ensure that banks continue to provide credit to the real economy despite the crisis. The package of measures includes a proposal to compensate for the effect of the new accounting rules (IFRS9) […]