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Italy’s coalition faces tough battles on fiscal policy

Location:

ITALY

Fiscal policy is one of the government's key challenges, both in terms of popular support and coalition unity. There are serious doubts over whether the coalition will be able to…

Carillion collapse may transform public-private deals

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INTERNATIONAL

Last month Carillion, the United Kingdom’s second-largest construction and outsourcing firm, went into liquidation. It employed 43,000 people and had 2017 revenues of 5.2 billion…

Argentina reforms advance but carry political cost

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ARGENTINA

Following its strong results in the October mid-term election, the government has been pressing tax and pension reforms and a new fiscal accord with provincial governors; all…

Ireland’s Varadkar faces serious election challenge

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IRELAND

Ireland election preview.

Deteriorating external environment is main Greek risk

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GREECE

ND development plan.

Russia’s budget deficit may exceed official target

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RUSSIA

The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…

Poland's economic outlook will be uncertain under PiS

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POLAND

Amid an ongoing constitutional crisis, the Law and Justice (PiS) government, which was sworn into office on November 16, has been busy revising fiscal targets and agreeing draft…

Romanian fiscal and external deficits will remain wide

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ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

Turkish parties compete on spending pledges for 2023

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TURKEY

President Recep Tayyip Erdogan’s Justice and Development Party (AKP) and the main opposition Republican People’s Party (CHP) are both offering largesse to various social groups…

Slovakia’s response to energy crunch will need EU help

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SLOVAKIA

Slovakia’s Soviet inheritance has exposed it to the massive economic fallout from the Kremlin’s full-scale aggression against Ukraine, its efforts to squeeze natural gas supplies…