Italy plans at least €15bn package to tame energy costs
Italy plans to set aside at least €15 billion in its 2023 budget to soften the impact of sky-high energy costs on firms and families, two government sources told Reuters on Thursday (3 November).
View ArticleLooming reform of EU debt and deficit rules: A look at current rules
With the European Commission expected to put forward its ideas for the reform of the much-criticised fiscal rules for EU member states on Wednesday (9 November), EURACTIV takes a look at the current...
View ArticleCommission proposes more individual debt rules for EU countries
The European Commission presented its proposals to reform the debt and spending rules for national governments on Wednesday (9 November) as individual plans for every EU country, negotiated between...
View Article‘Approaching crunch time’: Sluggish progress on EU fiscal rules
EU member state finance ministers met in Brussels on Tuesday (14 February) to discuss the reform of EU fiscal rules under time pressure, but the positions remain far apart.
View ArticleEU debt rules: Member states edge closer to agreement on reform
According to draft conclusions for an EU leaders' meeting at the end of March, seen by EURACTIV, member states seem to agree on more country-specific fiscal paths instead of relying on...
View ArticleUS may default on 1 June without debt ceiling hike
US President Joe Biden on Monday (1 May) summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June.
View ArticleBiden, McCarthy reach tentative US debt ceiling deal
US President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening (27 May), ending a...
View ArticleUS Congress averts historic default, approves debt-limit suspension
The US Senate on Thursday (1 June) passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default.
View ArticleCzech government approves plan seeking EU recovery fund loan
The Czech centre-right Cabinet on Wednesday (14 June) approved seeking a 137 billion crown (€5.75 billion) loan from the European Union's post-COVID recovery funds, part of efforts to boost its energy...
View ArticleFrance readies for charm offensive as debt levels back on rating agencies’ radar
As the French government pushed its 2024 budget bill through Parliament without a vote on Wednesday (18 October), and threats of an excessive deficit procedure (EDP) hover, France is once again under...
View ArticleEU reaches agreement on spending rules
The European Parliament and member states reached an agreement early Saturday (10 February) on reforms to EU budgetary rules aimed at boosting investment while keeping spending under control.
View ArticleFrench markets wobble as EU Commission launches deficit procedure
France's financial markets lost further ground on Wednesday (19 June) after the European Commission announced it intends to open an excessive deficit procedure (EDP) over the national budget,...
View ArticleIncoming French government faces tricky balancing act to avert EU fiscal...
Amid a deeply divided National Assembly, France's new government leaders will face tough negotiations on the 2025 budget, with European Commission financial penalties looming if the country's public...
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