The governor of Romania’s National Bank has announced that despite the current bright financial outlook in the Eastern European country, this period of growth could be short lived. EurActiv Romania reports.
The European Commission will send a series of warnings to Spain, Italy, Finland, Romania and Belgium today (8 March) because of their “serious” deviations from agreed-on fiscal paths, EurActiv.com has learned.
The EU Commission accepted on Friday (5 February) the draft proposal from Portugal for the country's 2016 budget - but only after Lisbon included last-minute adjustments and following an intense discussion in an extraordinary meeting the college of commissioners.
Political turbulence in Portugal, Italy, Greece and Spain is once again threatening Europe's fragile economy, the European Commission warned in its latest economic forecast, published on Thursday (4 February).
EXCLUSIVE / EU member states believe the European Commission is giving too much breathing space to struggling national economies when applying the Stability and Growth Pact, and decided to adopt a more restrictive view of EU fiscal rules, according to an official paper seen by EurActiv.
The European Commission has again increased its estimate of the Spanish budget deficit for 2015 and 2016. This is a blow for Prime Minister Mariano Rajoy, and exposes the political games of the EU executive. Our partner La Tribune reports.
Amid growing concerns in Berlin, Frankfurt and The Hague about flexible interpretations of the Stability and Growth Pact, the European Commission ruled out the possibility of transfering the assessment of national budgets to an independent external body.
European Commission President Jean-Claude Juncker made an appeal to the European Parliament, and to member states, to find innovative ways of financing the migrant crisis, as the EU coffers are running dry.
The piecemeal approach orchestrated by Jean-Claude Juncker and Mario Draghi to address the root causes of the euro zone debt crisis and complete the Economic and Monetary Union (EMU) has not yielded any positive results so far, EurActiv.com has learned.
The Spanish government is “somewhat optimistic” about its growth forecast for 2016. Therefore, Madrid should make additional efforts to meet its deficit targets for 2015, as well as next year, the European Commission said on Monday (12 October).
The French premier has told the European Commission that Paris intends to honour its budget commitments, but has ruled out any measures that could threaten the country's anaemic economic growth. EurActiv France reports.
France was required to comply with EU deficit restrictions by 2015, but the European Commission is giving the country an extension until 2017, garnering sharp criticism from Germany’s centre-right in the European Parliament. EurActiv Germany reports.
Creating a European fund exempt from EU fiscal rules is the main idea of a 200 page report commissioned by the Socialists and Democrats group in the European Parliament, just ahead of the 18-19 summit which is expected to make decisions concerning the investment plan, recently presented by Commission President Jean-Claude Juncker.
A paper presented by former Commissioner and Italian Prime Minister Mario Monti and French liberal MEP Sylvie Goulard Wednesday (10 December) suggests ways to permanently encourage investment in the Union through an adaptation of EU rules on fiscal discipline.
France, Italy and Belgium have sent letters to the European Commission pledging structural reforms and possible extra fiscal steps to buy time before a ruling on whether their budget policies break EU rules, Commissioners said on Friday (28 November) while presenting assessments of the draft budgets of the 18 eurozone countries.