-
9 Jan 24
Higher borrowing costs and slower economic growth will likely see the Hungarian government fail to reduce its debt this year under current plans, the nation’s fiscal council has warned.
-
17 Jul 23
Fast progress on reducing Iceland’s budget deficit will help to rebuild fiscal buffers faster than expected and points to growing resilience in the government’s finances, ratings agency Moody’s has...
-
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...
-
30 Aug 22
German chancellor Olaf Scholz said eurozone countries need to agree how to reduce their high debt levels to help foster “trust and solidarity” within the single market.
-
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.
-
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.
-
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.
-
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.
-
2 Apr 20
The coronavirus crisis has shown the EU’s fiscal rules to be in immediate need of reform, senior economists at Finland’s national audit office have claimed.
-
6 Feb 20
The European Commission has begun the process of overhauling the EU’s fiscal rules that it imposes on member countries.
-
4 Dec 19
Auditors have called on the EU to impose stronger rules on its member countries’ budgets, to avoid future financial crises.