Latest news with #CapitalMarketsUnion
RTÉ News
2 days ago
- Business
- RTÉ News
Donohoe clear front runner to remain Eurogroup president
The process to potentially reinstate Minister for Finance Paschal Donohoe for a third term as President of the Eurogroup will formally begin in Luxembourg this afternoon, as eurozone finance ministers take the first steps in assessing any candidates who come forward. Mr Donohoe is understood to be the clear front runner to serve for another two-and-a-half years, with his team confident that he will have the support of a simple majority of the 20 eurozone finance ministers. The election will take place by secret ballot at a meeting of the Eurogroup on 7 July. Mr Donohoe, whose current term expires on 12 July, has publicly declared his candidacy and while Spanish finance minister Carlos Cuerpo and Lithuanian finance minister Rimantas Šadžius are both thought to be considering entering the ring, neither have formally declared. Ministers have until 27 July to nominate themselves as challengers. Mr Donohoe is understood to be seeking a third term in order to press ahead with the EU's banking union, as well as the Capital Markets Union (CMU). Former European Commission president Jean-Claude Juncker holds the record for stewardship of the Eurogroup, acting as president from 2005 to 2013. His successor, Jeroen Dijsselbloem, was president of the Eurogroup for two years - 2013-2018.
Zawya
09-05-2025
- Business
- Zawya
EU's von der Leyen: Big push on capital markets union expected before the summer
The European Union will make a "big push" towards a capital markets union, which experts says would free up funds to finance defence spending as well as digital and green transitions, European Commission President Ursula von der Leyen said on Friday. "We need a deep and liquid functioning capital market for the whole European Union (...) We agreed that this is now the time really to push this topic forward and to make progress. So before the summer, we are expecting a big push forward on that topic", she said during a joint press conference with new German Chancellor Friedrich Merz. Discussions on a Capital Markets Union have been dragging on for a decade and made very slow progress because of entrenched national interests, different business and financial cultures, and regulations in European countries. (Reporting by Benoit Van Overstraeten; Editing by Hugh Lawson)
Yahoo
09-05-2025
- Business
- Yahoo
EU's von der Leyen: Big push on capital markets union expected before the summer
BRUSSELS (Reuters) -The European Union will make a "big push" towards a capital markets union, which experts says would free up funds to finance defence spending as well as digital and green transitions, European Commission President Ursula von der Leyen said on Friday. "We need a deep and liquid functioning capital market for the whole European Union (...) We agreed that this is now the time really to push this topic forward and to make progress. So before the summer, we are expecting a big push forward on that topic", she said during a joint press conference with new German Chancellor Friedrich Merz. Discussions on a Capital Markets Union have been dragging on for a decade and made very slow progress because of entrenched national interests, different business and financial cultures, and regulations in European countries. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
09-05-2025
- Business
- Reuters
EU's von der Leyen: Big push on capital markets union expected before the summer
BRUSSELS, May 9 (Reuters) - The European Union will make a "big push" towards a capital markets union, which experts says would free up funds to finance defence spending as well as digital and green transitions, European Commission President Ursula von der Leyen said on Friday. "We need a deep and liquid functioning capital market for the whole European Union (...) We agreed that this is now the time really to push this topic forward and to make progress. So before the summer, we are expecting a big push forward on that topic", she said during a joint press conference with new German Chancellor Friedrich Merz. Discussions on a Capital Markets Union have been dragging on for a decade and made very slow progress because of entrenched national interests, different business and financial cultures, and regulations in European countries.
