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...Responsibility for making capital markets union a success lies with national leaders. They should go further than merely endorsing the eurogroup statement next week....
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...The downturn in the ECB’s financial outlook had already forced it to scrap the dividend it pays to national central banks last year....
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...Around 1,200 workers at the Office for National Statistics, who are members of the Public and Commercial Services Union, began voting on potential industrial action this week in protest at a new requirement...
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...The election was overseen by the National Labor Relations Board. “We respect our employees’ rights to vote for union representation,” Wells Fargo said in a statement....
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...This is the challenge that the projects of Banking Union and Capital Markets Union are supposed to address but so far have not. The single market is also incomplete in its political functions....
...Nadia Calviño, a former Spanish economy minister who took over the EIB presidency from German national Werner Hoyer last month, in an interview with the Financial Times laid out several areas where she would...
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...Despite successfully launching a single market and currency, European politicians have so far failed to transform a decade of discussions into effective banking and capital market unions....
...But that will come over the longer term,” said Paul Mortimer-Lee, an economist at the National Institute of Economic and Social Research based in New York....
...The European Investment Bank, the world’s largest lender that labelled itself the “climate bank” in 2019, is also under pressure to fund more projects in the arms industry....
...After expanding at a tepid rate of 0.5 per cent in 2023, the eurozone is set to grow 0.8 per cent this year, according to the European Central Bank....
...“Moving from fiscal governance to fiscal union requires a permanent central fiscal capacity,” said Panetta in a speech on Wednesday....
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