About: budget deficit

Economy & Jobs 22-10-2018

Italian populist government braces for EU budget rejection

The Italian government expects the European Commission to decide for the first time ever on Tuesday (23 October) to ask a member state to revise its draft budget, a government source said on Sunday.
Economic governance 10-10-2018

Italy coalition chiefs defiant on budget, forecast GDP growth

The leaders of Italy's ruling parties said on Tuesday (9 October) they would permit no change to the government's 2019 budget plan, despite financial market pressure and criticism from the country's central bank and the parliamentary fiscal watchdog.
Economy & Jobs 05-10-2018

Italy dismisses concern the EU will reject its budget plan

The Italian government on Thursday (4 October) dismissed concerns that the European Commission would reject its plan to raise deficit spending next year and signalled that it would not backtrack, even under market pressure.
Economy & Jobs 28-09-2018

Moscovici slams Italy budget as stocks plunge

The European Union on Friday (28 September) issued a stern warning to Italy's populist leaders following their defiant pledge to increase spending and run a budget deficit that risks putting Rome on a collision course with Brussels.
Elections 28-09-2018

Italy defies Brussels with budget deficit at 2.4%

Italy's government on Thursday (27 September) targeted the budget deficit at 2.4% of gross domestic product for the next three years, defying Brussels and marking a victory for party chiefs over economy minister Giovanni Tria, an unaffiliated technocrat.
Economy & Jobs 04-09-2018

Italy on collision course with EU over budget deficit

Party leaders in the Italian coalition government signalled they will seek leeway from the EU to increase next year's budget deficit, heading on a collision course with the European Commission and investors who want it cut.
Global Europe 17-08-2018

Turkish instability threatens Europe from the Italian flank  

Market pressure, financial exposure and a potential review of a key migration deal with Ankara has made Italy the most vulnerable country to the recent financial turmoil in Turkey.
Economy & Jobs 21-06-2018

Spain pledges to ‘square the circle’ on public finances in Eurogroup debut

Spain's new Socialist government said on Thursday (21 June) it had “no reasons” to believe that it would miss its deficit target, despite a planned increase to pensioners’ benefits  being questioned by the EU institutions.

Russia’s economy: Still dependent on oil

After two years of recession caused by lower oil prices and western sanctions, Russia’s recovery benefits Vladimir Putin who is seeking a new term of office.  However this improvement won’t last long without a structural reform. EURACTIV.fr reports.
Elections 16-02-2018

Macron praised as French economy powers ahead

The good news keeps coming for the French economy: data published yesterday (15 February) showed unemployment at its lowest level since 2009 while the head of the IMF praised recent reforms by President Emmanuel Macron.
Central Europe 18-07-2017

Romanian government backtracks from plan to tax companies’ turnover

Romanian Prime Minister Mihai Tudose said yesterday (17 July) his leftist-led government had scrapped a plan to tax companies' turnover.
Elections 05-07-2017

PM says time to end France’s addiction to spending

Prime Minister Édouard Philippe said on Tuesday (4 July) it was time to end France's addiction to easy public spending, promising to cut expenditures over the next five years and rein in debts he said were at an unacceptable level.
Economy & Jobs 30-06-2017

France pledges to meet EU deficit target, despite strong headwinds

France will meet the EU deficit limit of 3.0% of GDP in 2017, the prime minister insisted Thursday (29 June), after the public accounts watchdog said it would miss the mark unless it took urgent action.
Economy & Jobs 31-05-2017

Italy’s central bank warns against euro exit as election nears

Italy's central bank warned today (31 May) that leaving the eurozone would not solve the country's economic problems, as two major parties campaign to drop the common currency before an election that may come as soon as this autumn.
Economic governance 08-05-2017

Juncker warns Macron French spend too much money

European Commission chief Jean-Claude Juncker on Monday (8 May) called on France's incoming president Emmanuel Macron to cut public spending, saying its current policies involved too much money going to wrong things.
Elections 27-04-2017

Future of the French deficit hangs on election result

Emmanuel Macron has promised to respect the EU’s budget rules, while Marine Le Pen has hardly mentioned the issue in her campaign. But Brussels is preparing for tough talks on the French deficit once the new president is elected. EURACTIV France reports.
Economic governance 19-04-2017

Austria misses EU’s structural deficit target

Austria's structural deficit last year was slightly larger than the government had forecast, overstepping the limit of roughly 0.5% of gross domestic product (GDP) sought under European Union rules.
Economy & Jobs 16-03-2017

Commission worried Romania will miss 2017 deficit target

The European Commission is still concerned that Romania will go from registering the highest growth in the EU to racking up the biggest budget deficit. But Bucharest insists there is no cause for concern. EURACTIV Romania reports.
Economy & Jobs 22-02-2017

EU says Germany should do more to help economy

Europe's top economy Germany should help its EU partners out, the European Commission said on Wednesday (22 February), after the Trump administration attacked Berlin for using the bloc to boost exports unfairly.
Euro & Finance 17-01-2017

Mixed bag of results for member state budgets from Commission

The European Commission said today (17 January) that Spain's budget for this year is "broadly" in line with EU targets and Portugal claimed that it met its 2016 goals. However, there were less positive signs from Italy and Lithuania.
Euro & Finance 17-01-2017

Moscovici: Progress on deficit reduction must not be reversed

Pierre Moscovici spoke to EURACTIV's partner Ouest-France about France's left-wing primary, the impact of Donald Trump's election, the 3% deficit rule, the Commission's March white paper and the importance of the euro.
Elections 09-01-2017

Germany’s Gabriel says EU breakup no longer unthinkable

Germany's insistence on austerity in the euro zone has left Europe more divided than ever and a break-up of the European Union is no longer inconceivable, German Vice Chancellor Sigmar Gabriel told Der Spiegel magazine.
Elections 06-01-2017

Romania’s parliament approves tax relief for pensioners

Romania's lower house of parliament yesterday (5 January) approved tax breaks for pensioners, making good on a government promise to loosen fiscal policy as the economy picks up pace.
Euro & Finance 09-11-2016

Italy row with Brussels escalates, Renzi lashes out at EU ‘diktats’

Italian Prime Minister Matteo Renzi lashed out yesterday (8 November) over Brussels' "diktats" in the latest attack on the European Commission ahead of a referendum that could decide his political future.