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25 Apr 23
Stricter rules and stronger enforcement of the European Union fiscal framework would protect the bloc’s economy better than if those rules were loosened, according to Germany’s finance minister.
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19 Apr 23
A corporation tax windfall combined with a “remarkably resilient” economy will push the Irish budget into surplus this year, senior ministers have revealed.
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18 Apr 23
Windfall tax gains from inflation and savings from lower energy prices might allow European countries to cut their deficits and should not necessarily fund new spending, despite many people...
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14 Apr 23
Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
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30 Mar 23
Switzerland will provide immediate support of almost $120bn to prevent the collapse of Credit Suisse and “avert an international financial crisis”.
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30 Mar 23
The Italian government has been given an extra month to convince the European Commission to release €19bn of withheld post-pandemic recovery funding.
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24 Mar 23
Raising the French retirement age could benefit the government’s fiscal balance in the medium term after an initial negative impact, but the political fallout could hurt the president’s chance of...
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24 Mar 23
The reconstruction and recovery of Ukraine is expected to cost more $400bn and take almost a decade to complete, researchers have said.
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23 Mar 23
The Ukrainian government has received preliminary approval of a $15.6bn package from the International Monetary Fund to support the nation through its war with Russia and help adopt reforms to reduce...
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21 Mar 23
The devastation caused by last month’s earthquakes in Turkey have led the European Union lending arm to override its years-long ban on providing finance to the country.
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17 Mar 23
French president Emmanuel Macron has tried to bypass the National Assembly to raise the retirement age – a move he sees as vital to fixing public finances – sparking countrywide protests.
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15 Mar 23
Universal energy support measures will leave European Union governments unable to meet fiscal rules when they restart at the end of the year so should be wound down, a senior commissioner has said.
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7 Mar 23
Greece will regain an investment grade credit rating this year after more than a decade in junk territory, the country’s central bank governor has said.
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3 Mar 23
Italy has been forced to recognise a much larger budget deficit in each of the past three years, pushing it even further away from currently suspended European Union rules.
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2 Mar 23
An “attractive” tax system encouraging private investment could help rebuild Ukraine, the country’s president said as he announced that his government has begun working with the OECD to develop one.
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22 Feb 23
The Ukrainian government has requested $15bn from the International Monetary Fund to meet immediate spending needs and pay for structural reforms.
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21 Feb 23
The US government has pledged to send $100m of additional aid to Turkey, after the country was hit by devastating earthquakes.
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14 Feb 23
The European Union should avoid a further suspension to the bloc’s fiscal rules at the end of this year, a senior official has said.
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13 Feb 23
Governments across Europe have spent more than three-quarters of a trillion euros on shielding households and businesses against rising energy costs, researchers have found.
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10 Feb 23
The Ukrainian government has earmarked a major tranche of new spending to support small businesses and repair crumbling infrastructure.
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30 Jan 23
Boosting welfare and access to services should provide all European Union citizens with a level of income that keeps them out of poverty, bloc officials have said.
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30 Jan 23
The French government has launched an initiative to reduce employment discrimination by using fake online applications.
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17 Jan 23
The Ukrainian government will receive the first tranche of an €18bn European Union support package later this week, after agreeing to loan conditions.
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17 Jan 23
Concerns over an extended period of high inflation will lead to the European Central Bank raising interest rates higher than expected, ratings agency Fitch has said.
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13 Jan 23
The French government wants to raise the retirement age to reduce the pressure swelling pension costs are placing on the country’s public finances.