About: budget deficit

Economic governance 12-06-2019

EU moves closer to debt action as Italy angles for compromise

The European Union moved closer on Tuesday (11 June) to taking disciplinary action over Italy's growing debt, as authorities in Rome made tentative steps to avert a procedure that could saddle the country with large fines and alienate investors.
Economy & Jobs 06-06-2019

Italy’s Di Maio, Salvini slam EU debt warning

Italy's populist Deputy Prime Minister Luigi Di Maio on Wednesday (5 June) dismissed Brussels' formal warning over the country's excessive public spending as "too easy".
Economy & Jobs 04-06-2019

IMF urges France to step up reforms to rein in debt

The International Monetary Fund on Monday (3 June) warned France that its public debt is "too high for comfort", calling on the nation to tackle the issue by stepping up spending reforms.
Elections 04-06-2019

Italian PM Conte says he will resign if coalition squabbles persist

Italian Prime Minister Giuseppe Conte said Monday (3 June) he was ready to resign unless the two parties in the governing populist coalition -- the League and the Five Star Movement -- stopped squabbling.
EU Elections 2019 29-05-2019

Isolated Italy excluded from EU top jobs race, faces pressure over debt

Italy risks a rude awakening in the race for top European Union jobs as it faces growing isolation after eurosceptic nationalists in its ruling coalition won big in last week's European Parliament elections.
Economy & Jobs 08-05-2019

Italy accuses EU of prejudice after grim economic forecasts

Italy accused EU authorities of prejudice on Tuesday (7 May) after they forecast the euro zone's third largest economy would stagnate this year and its huge public debt would rise further.
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.

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