AGP Executive Report
Last update: 4 minutes agoEU Budget: Germany rejected Ireland’s €1.826 trillion proposal for the bloc’s 2028–34 budget, saying the cuts do not go far enough to make it affordable for major contributors. Market Oversight: EU finance ministers agreed to strengthen ESMA’s role in supervising major financial markets, though the deal drew criticism over the limits on its powers. BaFin Enforcement: Volkswagen was fined €1.2 million for failing to promptly disclose an upbeat 2023 forecast to investors; the carmaker can appeal. Banking & Economy: Crédit Agricole plans to launch a digital-first retail bank in Germany, while N26 has broadened access to its flexible cash funds. Germany has raised its growth outlook for 2026 and 2027, but August exports fell, underscoring a mixed recovery.
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