Italy on Wednesday (8 August) cut its forecasts for economic growth and said the country's public deficit this year and in 2019 would be larger than previously forecast, potentially lining it up for a clash with Brussels.
In 2012, all but two EU member states committed themselves to strengthening the rules and institutions that govern their national budget preparation processes by signing the European Fiscal Compact. However, little has been done since, writes Michal Horvath.
As Europe is confronted by different visions about its future, the question remains how these different visions will affect the developments in the Western Balkans. The Balkans remain fragile, and the external pressures and internal divisions could deliver fresh instability in the region.
After centuries of being dependent on a central power, the villages of Ukraine are starting to feel the benefits of self-governance thanks to a European Union-backed program called U-LEAD, which has already tripled rural resources and boosted sleepy economies. EURACTIV's media partner efe-epa reports.
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.
Ethiopia’s Prime Minister Hailemariam Desalegn suddenly resigned yesterday (15 February) in what he described as a bid to smooth reforms, following years of violent unrest that threatened the ruling party’s hold on Africa’s second most populous nation.
Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.
Strong domestic consumption and a helping hand to exports from a weaker pound have sustained the growth of the British economy. But a downturn in investment paints a darker picture for the future. EURACTIV France reports.
25 March sees the 60th anniversary of the signing of the Treaty of Rome in 1957, which established the European Economic Community (EEC) and set Europe on a path to closer unity. But the rise of populism strikes at the heart of this collaboration writes Michael Collins.
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.
The European Union and the Association of Southeast Asian Nations (ASEAN) said today (10 March) the two blocs would try to revive plans for a trade deal, as European countries look to tap the region's strong growth.
The European Commission is expected to revise upwards its growth forecast for Europe on Monday (13 February), showing a marked improvement over its last outlook published hours after Donald Trump was elected US president.
In signing four projects with Ukrainian officials in Brussels today, EIB will have fulfilled its €3 billion obligation to Ukraine. Instead of providing general aid, the EIB supports very specific projects, writes Vazil Hudák.
EU leaders should see public debt reduction as a long-term challenge and not be afraid of making investments for the future. Cutting debts quickly can increase unemployment and make a country worse off, Xavier Timbeau told EURACTIV France.
Europe’s strength is its skilled workforce and professional expertise. To ensure its future as a major economy, Europe needs to combine entrepreneurship with an increased focus on knowledge capital, write Nima Sanandaji and Per Strömbäck.
Europe faces some daunting challenges – an aging population, sluggish growth, an influx of migrants and refugees – yet in the age of data-driven innovation, it also has powerful new tools to help address them, writes Nick Wallace.