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12 Nov 21
The European Union has been told it should come up with “genuine reform” for its fiscal rules ahead of their reintroduction in 2023 following the Covid-19 economic crisis.
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10 Nov 21
Poland could withhold its financial contributions to the European Union if the bloc does not back down over a rule-of-law dispute delaying EU Covid-19 recovery funding from Brussels to Warsaw, a...
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8 Nov 21
Ireland collected more than 35% more tax than it expected to in October, but ministers have sought to dampen any expectations of a spending splurge.
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4 Nov 21
Portugal faces a snap election after the country’s parliament failed to approve the government’s 2022 budget proposals.
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4 Nov 21
The European Central Bank is unlikely to hike interest rates next year, as inflation is forecast to reduce over the medium term, according to president Christine Lagarde.
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1 Nov 21
German political parties’ continuing support for the country’s debt brake rule has contributed to rating agency Fitch maintaining its AAA judgement of Europe’s largest economy.
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29 Oct 21
The European Union should relax its debt expectations for member states to allow them to support the economic recovery from Covid-19, economists from the bloc’s bailout fund have said.
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26 Oct 21
The level of error in spending from European Union member nations is still substantial and requires more vigilant financial management, according to the organisation’s watchdog.
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25 Oct 21
Moldova and the International Monetary Fund have agreed a reform programme to help authorities maintain the economic recovery amid the threats of inflation and a possible resurgence of Covid-19 cases.
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22 Oct 21
Five European countries no longer face the threat of US tariffs in retaliation to their digital services taxes, with the Joe Biden administration backing down after global tax reforms were agreed...
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22 Oct 21
Poland risks missing out on funding from the European Union after a court ruled national law takes precedence over those made in Brussels.
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20 Oct 21
A Swiss bank which made "tainted loans" for government projects in Mozambique has been fined $475m by UK and US authorities over "serious financial crime", and will also write off $200m of debt owed...
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18 Oct 21
Poland’s constitutional court ruling that Polish law takes precedence over EU laws has “meaningful risks to growth and governance” in the eastern European country, according to rating agency Fitch.
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18 Oct 21
The European Union’s budget rules on debt levels for member states are "nonsensical" and need to be updated, the head of the EU’s bailout fund has said, ahead of new reform efforts.
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15 Oct 21
Top economists have revised down Germany’s growth forecast for this year, due to manufacturing bottlenecks and the impact of Covid-19 on services.
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8 Oct 21
The National Bank of Poland has caught economists off guard by raising interest rates to stave off inflation risks.
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28 Sep 21
A fund to help European Union member countries weather the negative impacts of Brexit will be created after getting final approval by the European Council.
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28 Sep 21
German finance minister Olaf Scholz is trying to form a government after his party narrowly won the German elections. PFF takes a look at what a Scholz premiership could mean for German fiscal policy.
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27 Sep 21
Slovenia’s budget watchdog has told the government it cannot use Covid-19 as cover for high spending ahead of the general election next year.
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27 Sep 21
The French government’s ability to reduce its debt levels – which spiked due to Covid-19 – will be a key driver in future ratings, according to agency Moody’s.
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24 Sep 21
A Polish regional government scrapped an anti-LGBT resolution, becoming the first such authority in the country to do so amid rising tensions between Poland and the European Union that could see...
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23 Sep 21
Norway’s has raised its main interest rate, saying it is "likely" that further increases will come as the nation emerges from Covid-19.
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22 Sep 21
Irish leaders have spoken less harshly than usual about a planned global shake-up of corporation tax, which would see them raising the rate on the many large multinational companies with headquarters...
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21 Sep 21
The Swedish government has presented its 2022 budget that it says will “take Sweden forward” after the Covid-19 crisis.
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20 Sep 21
Public debt in Ireland has a “one-in-four risk” of becoming unsustainable if the government runs deficits as projected, the country’s budget watchdog has warned.