About: budget deficit

Banking union 11-02-2019

Italy’s populist leaders pledge to replace central bank’s top brass

Italy's populist leaders on Saturday (9 February) promised to replace top officials at the country's central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings.
EU Elections 2019 10-01-2019

Salvini calls for ‘Italian-Polish axis’ to replace Paris-Berlin

Italy's far-right Interior Minister Matteo Salvini on Wednesday (9 January) said populists from Italy and Poland should spark a "European spring" to replace the centre-right influence of Germany and France, ahead of key EU elections.
Economy & Jobs 19-12-2018

Greek parliament approves first post-bailout budget

Greek lawmakers approved on Tuesday (18 December) the country's first post-bailout budget which projects a high primary surplus next year and sees a pick-up in economic growth.
Economy & Jobs 19-12-2018

Salvini says Commission approved the Italian budget

Italy has done a deal with the European Commission over its contested 2019 budget, a spokeswoman at the Economy Ministry said on Tuesday (18 December), signaling an end to weeks of wrangling that had shaken financial markets.
Economic governance 13-12-2018

Italy’s Conte admits defeat on budget, presents new plan to EU

Italy has admitted defeat and agreed to change its “beautiful” budget plan to avoid the opening of a disciplinary procedure against Rome.
Economy & Jobs 11-12-2018

Macron announces financial concessions in bid to end ‘yellow vest’ revolt

Embattled French President Emmanuel Macron Monday (10 December) announced a series of financial measures seeking to defuse the "yellow vest" revolt that has triggered violent protests in cities across the country.
Economy & Jobs 25-11-2018

Commission: Italy, EU to work to bring views on 2019 budget closer together

Italy and the European Commission will work in the coming days to bring closer their positions on Italy's 2019 draft budget, which the EU executive says breaks EU laws by not reducing the country's huge public debt.
Economy & Jobs 22-11-2018

Germany proposes tough conditions for ‘European IMF’

Germany's plans for a "European Monetary Fund" to help eurozone states in difficulty would set strict eligibility criteria that shut out those who are failing to tackle high national debt.
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.

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