About: European semester

Economic governance 06-06-2019

Five takeaways from the EU’s economic recommendations to member states

While the public finances of all EU member states are now officially out of the “red zone”, the European Commission on Wednesday (5 June) still had tough economic policy recommendations for Spain, Italy, Belgium, Greece and Germany.
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.
Economy & Jobs 27-11-2018

Another German budget without new debt

The German Bundestag adopted the national 2019 budget with the votes of the 'Grand Coalition' last Friday (23 November), with expenditure reaching a record €356 billion and a particular rise in defence spending. Nevertheless, Finance Minister Olaf Scholz has managed to avoid creating any new debt. EURACTIV Germany reports.
Economic governance 25-11-2018

Commission ‘not at war’ with Italy, Juncker says

The European Commission has no plan to start a war with Italy over its budget, Commission President Jean-Claude Juncker said a day after a working dinner with Italian Prime Minister Giuseppe Conte on Saturday (24 November). But Rome confirmed that the main reforms included in the disputed budget will stay unchanged.
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.
Economic governance 21-11-2018

Commission launches excessive deficit procedure against Italy, saying it is ‘sleepwalking into instability’

The European Commission hedged its bets and called for the opening of an excessive deficit procedure against Italy on Wednesday (21 November) as Rome refused once again to revise its draft budget plan.
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.
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.
Economy & Jobs 23-05-2018

Commission demands ‘credible response’ from Italy to reduce debt

The European Commission on Wednesday (23 May) approved Italy’s efforts to balance its public accounts but asked the new government for a “credible response” in order to further reduce its immense public debt.
Economic governance 07-03-2018

Commission passes the ball on sovereign debt rules

European Commission Vice-President Valdis Dombrovskis said on Wednesday (7 March) that he does not intend to amend the regulatory treatment of sovereign debt held by banks following inconclusive discussions at international level.
Economic governance 22-11-2017

Commission calls for reforms to address wage stagnation

The European Commission told member states on Wednesday (22 November) to prioritize policies that support wage growth, in light of the economic pain still suffered by many Europeans.
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.
Climate change 16-03-2016

Climate deal relegated to ‘other items’ in Council agenda

The economy and the climate will be pushed to the margins of this week’s European Council summit (17-18 March), where discussions will once again be dominated by the migration crisis. EURACTIV France 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 23-02-2016

Italy wants EU bonds to fund refugee response

A common European Union policy to manage external borders and cope with the refugee crisis should be funded with common resources, including through the issuance of EU bonds, Italy said on Monday (22 February).
Euro & Finance 06-11-2015

Schulz in row with Commission over parliament’s economic oversight

The European Commission promised MEPs a greater involvement in the so-called European Semester - but, according to Martin Schulz, the executive's latest proposals do not live up to Parliament’s expectations.
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 07-10-2015

Commission rebukes Moscovici’s hawkish stance on Spanish budget

The European Commission decided on Tuesday (6 October) to postpone a negative opinion on the Spanish budget for 2016, contradicting Economic and Taxation Affairs Commissioner Pierre Moscovici, who had told the press otherwise.
Manuel Valls

France to reform ‘overly complex’ labour laws next year, PM says

The government will propose legislation to simplify over-complex labour laws and promote more collective bargaining accords at a sectoral level, French Prime Minister Manuel Valls said on Wednesday (9 September).
Elections 17-08-2015

Problems mount for Renzi as economy stumbles

Italian Prime Minister Matteo Renzi's escalating problems were compounded on Friday (14 August) when data showed a long-awaited economic recovery is already losing steam.

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