About: public debt

Economy & Jobs 24-05-2022

Mixed reactions to suspension of EU fiscal rules

While EU finance ministers meeting in Brussels on Monday (23 May) discussed the pros and cons of the EU Commission’s proposal to keep the EU’s fiscal rules suspended for another year, civil society organisations used the opportunity to question the fiscal rules more fundamentally.
Economy & Jobs 23-05-2022

EU fiscal rules to be suspended for another year

Reacting to the economic consequences of the Russian invasion of Ukraine, the European Commission postponed the renewed enforcement of its fiscal rules by a year, to 2024.
Economy & Jobs 20-05-2022

Former economy minister: Ukraine needs grants, not loans

In an interview with EURACTIV, the former Ukrainian economy minister and current advisor to President Volodymyr Zelenskyy, Tymofiy Mylovanov welcomed EU help but called for the use of grants instead of loans since an over-indebted Ukraine would scare off private investors and make reconstruction more difficult.
Economy & Jobs 24-12-2021

Macron, Draghi call for reform of EU fiscal rules

French President Emmanuel Macron and Italian Prime Minister Mario Draghi called Thursday (23 December) on Brussels to reform its fiscal rules to allow greater investment spending while acknowledging the necessity to reduce debt. “Just as the rules could not be...
Economic governance 14-12-2021

French and German finance ministers stress common interests in first meeting

Although he is known to be a hardline opponent of public debt, the new German finance minister showed his openness to compromise during his first trip to Paris only days after taking office.
Economic governance 26-10-2021

ESM economists want to raise public debt limit to 100% of GDP

In a new discussion paper, economists of the European stability mechanism (ESM) suggest a simplification of the EU’s fiscal rules and their adaptation to changed economic circumstances.
Economic governance 17-10-2021

Architect of EU fiscal rules calls for reform

Ahead of a new push by the European Commission to reform the EU's fiscal rules, the chief of the bloc's bailout fund, Klaus Regling pointed out the danger of sticking to rules that have become “economically nonsensical”.
Economic governance 04-10-2021

Draghi on quest to challenge EU rules and grow out of public debt

Italian Prime Minister Mario Draghi unveiled an ambitious Italian budget for 2022-2024 last week, with deficits above the limits set by the Stability and Growth Pact, in what appears to be a bet on a change in the EU’s fiscal rulebook.
Economy & Jobs 19-02-2021

Spain’s debt reaches highest level in more than a century

Spain increased its debt in 2020 by €112,438 million – almost the equivalent of the annual cost of pensions in the country – due to the heavy impact of the COVID-19 pandemic. EURACTIV’s partner EFE reports.
Economy & Jobs 08-02-2021

ECB’s Lagarde says cancelling COVID debts ‘unthinkable’

European Central Bank (ECB) chief Christine Lagarde on Sunday (7 February) rejected calls to cancel debts run up by eurozone members to buttress their economies during the COVID-19 crisis.
Economy & Jobs 04-12-2020

Can EU economies grow enough to repay the increasing debt?

The COVID pandemic is putting pressure on the sustainability of some European economies, prompting some to argue that economic growth and monetary support from the European Central Bank will not be sufficient and that public debt should be renegotiated.
Economy & Jobs 26-06-2019

Proliferation of corporate taxes in France fuels debate

While the current trajectory of public finances in France worries the French court of auditors, the Council for Economic Analysis recommends drastic fiscal measures, including the removal of harmful taxes and providing some tax relief. EURACTIV France reports.
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.
Economic governance 23-05-2019

EU top court rejects ECB compensations for investors affected by Greek crisis

The EU's top court ruled on Thursday (23 May) against demands for the European Central Bank to compensate private investors affected by the restructuring of the Greek public debt in 2012.
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.
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.
Economic governance 12-07-2018

Commission rejects auditors’ call to tighten control of EU member states’ debt

The European Commission has rejected the European Court of Auditors’ recommendation to strengthen surveillance of EU member states with high levels of public debt.
Economy & Jobs 15-05-2018

Member states should renew fiscal vows

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.
Economy & Jobs 09-03-2018

Commission levels up France on economic imbalances

The Commission highlights the progress of French competitiveness but also points out structural issues in the French economy. EURACTIV.fr reports.
Future EU 16-10-2017

Varoufakis tells Macron to adopt the ‘empty-chair’ tactic

Former Greek finance minister Yanis Varoufakis supports Macron’s federalist proposals on the euro single currency but believes only a real threat could make Germany budge on the issue. EURACTIV France reports.
Economy & Jobs 11-10-2017

French workers strike against Macron’s economic reforms

Civil servants, representing one-fifth of France's total labour force, went on strike on Tuesday (10 October) to protest against Emmanuel Macron’s planned economic reforms. EURACTIV Spain 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 14-12-2016

OFCE’s Timbeau: A high carbon tax would help end economic stagnation

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.