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1 – 10 of 200The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…
As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…
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DOI: 10.1108/OXAN-DB285767
ISSN: 2633-304X
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The new leader of the left-wing Syriza party, Stefanos Kasselakis, has until then to establish himself as Greece’s leading oppositionist. He has not been helped by the…
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DOI: 10.1108/OXAN-DB284413
ISSN: 2633-304X
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Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…
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DOI: 10.1108/OXAN-DB284559
ISSN: 2633-304X
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ROMANIA: Distrust of government keeps protests going
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DOI: 10.1108/OXAN-ES284714
ISSN: 2633-304X
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The ruling means there is a gap of at least EUR17bn (USD18.4bn) in next year’s spending that needs to be addressed. The coalition parties are divided on how to resolve the issue.
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DOI: 10.1108/OXAN-DB283925
ISSN: 2633-304X
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The budget will amount to EUR24bn (USD28bn), with a deficit of 4.3% of GDP to support tax cuts and increased spending. The higher-than-expected deficit comes as economic growth…
The decision reflects doubts over Finance Minister Bruno Le Maire's four-year plan to “chill” state spending and reduce France's accumulated debt from 111.6% of GDP to 108.3% by…
FINLAND: New government will shift to the right
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DOI: 10.1108/OXAN-ES279885
ISSN: 2633-304X
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CZECH REPUBLIC: Fiscal consolidation to move forward