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26 Jul 22
The Russian central bank has slashed interest rates by 1.5 percentage points because subdued customer demand has led to reduced inflation.
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25 Jul 22
A complete and permanent shutoff of Russian gas into Europe would take close to 3% off Germany’s forecast economic activity next year, the International Monetary Fund has said.
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22 Jul 22
The European Central Bank has ended eight years of negative interest rates, increasing its deposit rate for the first time since 2011 in response to high inflation.
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20 Jul 22
The Ukrainian government has reached an agreement with more than 20 developed countries to suspend debt and interest repayments to help the country pay for its war effort.
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19 Jul 22
The French government is set to spend close to €10bn on purchasing shares of energy giant EDF after the country outlined plans to renationalise the company.
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19 Jul 22
Does Russia’s invasion of Ukraine mean that governments around the world are set to spend more on defence over coming years? And, if they do, what are the implications for public spending in other...
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19 Jul 22
Failure to pay its dollar-denominated debt obligations in the correct currency constitutes Belarus technically defaulting in the eyes of ratings agencies Fitch and Moody’s.
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19 Jul 22
A senior International Monetary Fund official has warned it could be economically unwise to cut taxes, amid calls by many of the prospective new prime ministers to do so.
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18 Jul 22
The Ukrainian government needs $9bn of aid per month to keep public finances going in the nation whose economy, as well as its land and cities, has been ravaged as a result of the Russian invasion, a...
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15 Jul 22
As the war in Ukraine continues, local authorities throughout Europe face unique challenges as more than 12 million refugees seek sanctuary.
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8 Jul 22
The Croatian government has appointed a new finance minister following the shock resignation of Zdravko Maric as the country puts plans in place to adopt the euro.
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7 Jul 22
The French government is set to take full control of energy giant EDF, which it said will enable the country to make “radical decisions” on its future energy plans.
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5 Jul 22
Ukraine has said it will need $750bn of investment to rebuild its economy in the wake of Russia’s invasion, suggesting that more than half of it could be funded with seized Russian assets.
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4 Jul 22
European Union auditors have identified risks that the bloc’s executive arm’s increasing use of external consultants does not provide value for money.
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1 Jul 22
Ukraine is set to receive a further £1bn of military support from the UK to help counter Russian “brutality” in the nation.
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28 Jun 22
French finance minister Bruno Le Maire has said the government’s finances have reached “alert level” amid a debate over how much he can do to shield people from the rising cost of living.
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24 Jun 22
The president of the European Parliament has suggested the EU’s seven-year budget cycle might leave the bloc unable to respond to challenges.
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24 Jun 22
Moldova and war-torn Ukraine have made a step towards becoming members of the European Union, as bloc leaders agree to give them ‘candidate’ status.
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20 Jun 22
The Hungarian finance minister has vetoed the European Union’s adoption of a 15% effective minimum corporation tax rate, representing the latest setback to the implementation of the already-delayed...
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17 Jun 22
The European Union looks set to remove Greece from its ‘enhanced economic surveillance’ programme, recognising that the government has delivered most of its reform commitments.
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14 Jun 22
Russia’s invasion of Ukraine could speed efforts to decarbonise Western energy supplies. But how will governments recoup lost tax income from fossil fuel?
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13 Jun 22
Ukraine’s finance minister has said his government is in talks with the International Monetary Fund about a new programme to help the country’s beleaguered public finances through the war with Russia.
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7 Jun 22
German parliamentarians have approved the creation of a €100bn special defence fund aimed at modernising the country’s military in response to Russia’s invasion of Ukraine.
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31 May 22
One-third of European Union spending reported as being related to the climate was in fact irrelevant, a report has found, meaning the bloc missed its goal in the most recent budget period.
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30 May 22
The Polish government wants to dissolve a judiciary body at the heart of a dispute with the European Union, in the hope that doing so will help it secure funding.