EU news and policy debates across languages

02/05/2016

France, Italy, Belgium promise reform to avoid sanctions

Topic: stability and growth pact


Euro & Finance 02-05-2016

Sanctions loom over Spain for breaching fiscal rules

The fourth largest economy in the eurozone is about to become the first country to be punished for breaking the EU’s Stability and Growth Pact, EurActiv.com has learned.
Euro & Finance 15-03-2016

Romanian bank chief pessimistic about economic growth

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.
Euro & Finance 08-03-2016

Brussels piles pressure on Spain and Italy to balance their budgets

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.
Euro & Finance 12-02-2016

Guindos: Growth is more important than few decimal points of deficit

“Given the global situation, the most important thing is economic growth”, Spain’s Economic Affairs minister, Luis de Guindos, said after the Ecofin council on Friday (12 February).
Euro & Finance 05-02-2016

Portuguese budget gets green light - after last-minute adjustments

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.
Euro & Finance 05-02-2016

PIGS threaten EU’s growth prospects, Commission warns

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).
Euro & Finance 09-12-2015

Member states limit new flexibility clauses in EU fiscal pact

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.

Brussels ready to give France budget leeway for security

The European Union said on Tuesday (17 November) it was ready to take French security priorities into account after France said it was likely to break eurozone deficit rules due to the Paris attacks.
Euro & Finance 17-11-2015

Spain overtakes France as the eurozone’s problem child

France’s budget deficit is unlikely to fall below 3% of GDP by 2017. But the deterioration of Spain's public finances may save Paris the worst criticisms. EurActiv France reports
Euro & Finance 06-11-2015

New Brussels deficit projections for Spain fuel tensions ahead of election

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.
Euro & Finance 06-11-2015

Commission defends role as sole guardian of fiscal discipline

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.
Euro & Finance 03-11-2015

ECB attacks Commission's easing of fiscal rules

The European Central Bank has criticised the Commission's easing of EU fiscal rules as "counter-productive", in its latest economic bulletin published Monday (2 November).
Global Europe 29-10-2015

Commission vague about fiscal leeway for refugees

Member states face billions of euros in expenses for assisting refugees arriving in Europe. While the European Commission is ready to take this into account, the criteria remain unclear.

Juncker: Member states should pay for refugees

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.
Euro & Finance 16-10-2015

Juncker and Draghi fail to win support for eurozone reform

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.
Euro & Finance 13-10-2015

Commission calls on Rajoy to meet deficit targets before elections

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).
EU Priorities 2020 12-10-2015

EU drags on Stability and Growth Pact reform

The refugee crisis has reignited tensions between the champions of strict budgetary discipline, led by Germany, and those who want to ease interpretations of the rules, led by Italy and France.
Euro & Finance 20-03-2015

Valls opts for growth over deficit reduction

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
Euro & Finance 27-02-2015

German centre-right ‘disappointed’ over extension of French deficit deadline

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.
Euro & Finance 26-02-2015

Brussels demands more ambitious reforms from France

The European Commission is expecting to receive a new programme of structural reforms from Paris by April, despite the recent adoption of the Macron bill. EurActiv France reports
Euro & Finance 01-01-2015

Lithuania joins euro as tensions with neighbouring Russia rise

Lithuania joined the eurozone at the stroke of midnight on Thursday, hoping to anchor itself in Europe, as its former master Russia flexes its military muscle in the region.
EU Priorities 2020 11-12-2014

Socialists propose European investment fund exempt from fiscal rules

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.
EU Priorities 2020 11-12-2014

Monti lends a hand to Juncker’s investment plan

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.
Euro & Finance 28-11-2014

France, Italy, Belgium promise reform to avoid sanctions

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.