Europe round-up: Spain exits bailout in a sign of progress, not full recovery, and more

23 Jan 14
A round-up of recent public finance stories from Europe you might have missed.

A round-up of recent public finance stories from Europe you might have missed.

Spain exits bailout in a sign of progress, not full recovery

Spain's banking system marked an end to its reliance on bail-out loans from Europe that were desperately needed 18 months ago to shore up its banks after a construction boom-and-bust. (NPR)

Economists: pressure is on France's Hollande to act

President François Hollande needs to enact even greater reforms if he is to successfully stoke the ailing French economy, according to economists. (FT Adviser)

Youth unemployment EU's ‘single biggest crisis', says Irish PM

European Union politicians need to focus on what is important: youth unemployment and the single market, Enda Kenny, Taoiseach of Ireland, told CNBC. (CNBC)

Croatia 'doesn't need international bailout'

Croatia doesn't need an international bailout despite grappling with a contracting economy for the past five years, its central bank governor said, dismissing speculation that the youngest member of the European Union may need help from the International Monetary Fund to stay afloat. (The Wall Street Journal)

Greek court strikes down wage cuts connected troika bailout

A top Greek court has struck down wage cuts imposed by the government in 2012 on police and armed forces to comply with the terms of the country’s EU-IMF bailout, court and government officials said today. (Irish Times)

EU may lift Italy budget cap if targets reached, says Rehn

The European Commission may give Italy more budgetary leeway if Rome respects its fiscal targets, a European Commissioner said Friday. (Nasdaq)

East Europe must keep revamping economies, development bank says

Eastern Europe’s recovery must be fortified by efforts to better compete for investment with other emerging markets as the U.S. Federal Reserve curbs stimulus, the European Bank for Reconstruction and Development said. (Bloomberg Businessweek)


 

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