Page 5 - Markus Ferber News Today

“The EU’s system of economic governance is opaque, ineffective in bringing down debt and sometimes has even made a crisis worse. The European Commission needs to draw the right lessons from the failures of the past”, explained Markus Ferber MEP, the EPP G...

Members of the European Parliament seem nonplussed as they prepare for legislation on the central bank digital currency.

“When we talk about rescuing banks in trouble, it’s clear that there is a lack of coherence in the application of the current EU rules. Too many disparities exist and it is high time to address this issue. However, we need a targeted reform and sho...

EU states and the European Parliament have the final say on the proposals, which also make it harder for governments to inject state aid into struggling banks, known as precautionary capital, a mechanism use by Italy for Monte dei Paschi in 2017. An explicit date for paying back the money or selling the bank will be required.

The recent collapses of Silvergate Bank, Silicon Valley Bank, Signature Bank and the state-backed takeover of Credit Suisse have evoked a certain sense of déjà vu. While some wonder about the stability of EU financial markets and whether lessons have been learnt since 2008, German MEP Markus Ferber argues we should not jump to hasty conclusions.

While the recent failures of banks in the US and in Switzerland might give a new impetus towards a reform of the European bank crisis management and deposit insurance (CMDI) rules, opposition is likely to be strong, especially from Germany.

The European Parliament has adopted its position on the phase-out of F-gases, opting for a faster pathway, much to the consternation of business groups who are now turning to EU countries still deliberating their position.

Banks, insurers and fund managers are convinced McGuinness wants to ban ‘inducements’ to appeal to consumers.

EU efforts to keep green industries inside the bloc face blowback upon arrival.

BRUSSELS, Belgium -- The EU on Wednesday unveiled proposals including a controversial relaxation of state aid rules to counter the threat to European industry from US green subsidies and unfair competition from China. The bloc is racing to compete with the United States and China to avoid business