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Tag: economic convergence

EU policy guru: 'Austerity plans risk stifling growth' - 17 June 2010 - Interview

Austerity measures to cut public debt and rein in speculation on the euro are threatening to kill the fragile economic recovery, warned policymakers ahead of a summit aimed at strengthening budget discipline in the European Union. Maria João Rodrigues, former special advisor at the European Commission and an economics professor, spoke to EurActiv in an interview.

Brussels tables plans for closer EU economic union - 12 May 2010 - News

After a weekend that saw the euro zone take unprecedented steps to rescue debt-laden members with a €500 billion aid package, the European Commission is proposing a new set of rules to tighten the bloc's fiscal and economic policies and prevent crises in the future.

EU prepares massive growth plan worth €130 billion - 20 November 2008 - News

The 27 EU countries will be asked to give away 1% of their GDP to contribute to a Europe-wide economic stimulus package, including loans for automakers, aimed at helping restart the economy and weather the effects of the recession, it emerged yesterday.

IMF report questions Hungary’s budget plans - 03 November 2006 - News

Hungary’s government wants to balance its budget within the next three years, but a recent IMF report raises doubts about the outlook of the euro convergence plan.

Local elections strike serious blow to Hungarian prime minister - 02 October 2006 - News

Hungary’s Prime Minister Ferenc Gyurcsany suffered major vote losses in local elections on 1 October 2006. The country’s President, Laszlo Solyom, has subsequently asked the parliament to oust Gyurcsany.

The prosperity gap in the EU is growing - 28 June 2006 - News

The economic divergence is growing among EU countries. Rich countries get richer as compared to the average and the poor getting poorer. The EU's efforts to achieve economic and social convergence is put in question. 

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