21 November 2014
A round-up of public finance news stories from Europe you might have missed.
EU fails to come up with new budget
EU governments and the European Parliament have been unable to reach an agreement on a new budget. While the parliament wants an 8 percent increase, member countries are keen on saving money. (Deutsche Welt)
Germany leads eurozone limp toward 2015
Not with a bang, but a whimper. That seems likely to be how the eurozone economy closes out the year, with powerhouse Germany still looking lacklustre. (Wall Street Journal)
Russia preparing for new round of economic sanctions, says minister
The Russian government is studying ways of dealing with possible foreseeable limitations on the export of oil because of a new round of sanctions, the Minister of Economic Development of Russia has told the BBC. (BBC)
EU still considering fining France over budget rules
EU officials are considering fining France for failing to cut its budget deficit, although the euro zone's second biggest economy, a driving force in the creation of the shared currency, could yet be spared the unprecedented punishment. (Reuters)
The Catalan Government has appealed against the payment issued this week of €1,350 million from the Spanish Government-owned Enagás to Escal UGS, to compensate the latter for the Castor Project. (Catalan News Agency)
