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14 May 24
Regular payments to Ukraine can now begin to flow from the European Union, with most money set to shore up the government’s budget as the country tries to recover from the Russian invasion.
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18 Aug 23
Millions of euros the European Union had planned to spend on programmes involving Russia and Belarus will now be spent with Ukraine and Moldova, in light of the ongoing war.
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17 Aug 23
Huge spending on social services in response to the shock of Covid-19 ensured European Union economies were disrupted as little as possible, and adapting to the new reality has provided lessons on...
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13 Jun 23
The European Union has agreed a package of more than €1bn with Tunisia containing significant support for the latter’s border controls, as well as finance linking to other areas of reform.
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9 Jun 23
The wide scope of European Union development spending in other countries could limit the programme’s impact, the bloc’s spending watchdog has warned.
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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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10 Nov 22
New European Union fiscal rules should get rid of the current system’s complexity and allow governments more “ownership” of their spending plans, Brussels has said, also promising stronger...
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9 Sep 22
The outpouring of refugees from Ukraine following Russia’s invasion has left public services in many European countries in need of support, and economists have stressed the importance of subnational...
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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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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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5 May 22
The European Commission has proposed a complete ban on importing Russian oil in response to the continuing war in Ukraine, but face warnings it could harm the European economy more than Russia’s.
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11 Apr 22
Poland has blocked the European Union’s effort to adopt a minimum corporate tax rate agreed by 137 countries last year over concerns the move would risk making the tax system less fair.
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22 Mar 22
The European Union is considering setting up a fund to “provide basic services and meet citizens’ immediate needs” in the face of the ongoing invasion by Russian troops, a top official has said.
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10 Feb 22
European Union development spending has succeeded in reducing some of the development disparity between the bloc’s regions, a report has found.
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4 Feb 22
The re-election of Sergio Mattarella as Italian president has been tipped by a ratings agency to help keep the country stable and increase the chances of unlocking EU Covid-19 recovery funding.
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13 Dec 21
Poland’s justice minister has said the government could halt contributions to the European Union budget if officials in Brussels cut funding for Warsaw amid a battle over the rule of law.
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10 Dec 21
European Union countries must be able to invest in ‘greening’ their economies under new fiscal rules, the head of the International Monetary Fund has said.
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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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19 Apr 21
Rising debts and the differing strength of public finances across eurozone countries make reforming European fiscal rules more challenging, ratings agency Fitch said in a report.
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19 Nov 20
Eurozone governments should continue spending into 2021 to help the economy recover from Covid-19, the European Commission has said – while warning that recovery “depends” on the approval of the...
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10 Nov 20
EU spending was impacted by too many errors, particularly in high-risk areas, the European Court of Auditors’ annual report for the 2019 financial year found.
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15 Sep 20
Fraudsters are increasingly targeting EU climate funds, the European Union’s anti-fraud office has warned.
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28 Nov 19
The EU now meets “high standards of accountability and transparency when spending public money”, the European Court of Auditors has concluded.
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18 Nov 19
North Macedonia, which hopes to join the European Union, still has a large income gap with the EU, the IMF said.
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10 Oct 19
Auditors have issued a qualified opinion on EU expenditure for the third year running after finding errors relating to over €4bn in payments.