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Fiscal reform

Europe News

EU Commission answers Italy's call for energy cost relief measures

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Economy

Will Italy's ambitious Structural Budget Plan solve its debt problem?

Italy's ambitious Structural Budget Plan aims to steer the country out of the European Union's Excessive Deficit Procedure by 2026, but economists warn aggressive fiscal tightening could harm growth and risk recession.

Europe News

Spain should have been punished for lax budget, EU advisors say

The European Commission failed to correctly follow EU law when it forgave Madrid for its high deficit earlier this year, a legal panel of fiscal advisors has said.

Europe News

EU formally opens deficit proceedings against eight member states

France, Italy, Belgium and five others were targeted by fellow member states after the European Commission warned of ballooning budget shortfalls.

Europe News

Commission warns France, Italy over budget deficit

The EU has identified fiscal irregularities in eight members, as France prepares for landmark elections, and Brussels reshuffles its top jobs.

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Economy

New EU fiscal rules in force, what are the next steps?

After being suspended due to the Covid-19 pandemic and a long political battle within the euro area, the revised economic governance framework aims to ensure a better balance between debt reduction and investments and reforms across the EU.

Economy

MEPs green light new EU fiscal rules

The landslide vote heralds a return to fiscal responsibility after the pandemic era – but some worry new norms could kill vital green investment

Economy

Euroviews. Misdiagnosing Ukraine's economy in the past requires a policy rethink

If Ukraine never emerged as an economic powerhouse after three decades of faithfully following standard Western recommendations, perhaps it is time to try a different approach, Dmytro Boyarchuk writes.

Earth News

Fiscal rules could block essential spending on green transition

The co-president of the Greens in the European Parliament has warned the EU's transition to net-zero greenhouse gas emissions is doomed to fail unless the bloc relaxes rules on government debt and deficit spending, as he presented a new report highlighting the scale of investment needed.

Europe News

Europe scrambles to finalise new fiscal rules after lawmaker vote

Twitchy bond markets and upcoming elections mean the clock is ticking for controversial new EU deficit laws.

Brussels, My Love?

Brussels, my love? Furious farmers bring Germany to a standstill

In this edition, we look at the root causes of farmers' fury in Germany and break down the recently agreed EU fiscal rules reform.

Europe News

Euroviews. The proposed EU fiscal rules fall short of the changes we need

The extraordinary nature of the pandemic led to unprecedented acts; today, similarly, the impending threat of the climate crisis on our planet, and its consequences on the very foundations of our society, require responses that rise to the occasion, Eleonora Volpe writes.

Europe News

Franco-German compromise prompts EU deal to reform fiscal rules

Economic and finance ministers of the European Union sealed on Wednesday a deal to reform the bloc's fiscal rules, a breakthrough made only possible after Germany and France found a middle ground.

Economy

EU fiscal deal: France and Germany at odds on investment spending

After a long night in Brussels, EU finance ministers haven't sealed the deal on a new fiscal framework.

Economy

Euroviews. Some debts are necessary to make Europe stronger

The decisions policymakers make now will determine whether or not Europe can invest in solutions to the environmental, economic, geopolitical and social challenges we’re facing, Ludovic Suttor-Sorel writes.

Economy

EU urges France, Germany to slash energy crisis spending

A European Commission report spells the return of belt-tightening after years of crisis-driven largesse

Europe News

EU makes progress on new fiscal rules pending Franco-German deal

Economic and finance ministers of the European Union made on Thursday significant progress on the reform of the bloc's fiscal rules. But the final push depends on a Franco-German compromise.