Top taxes, broken services: Spaniards pay the price of Sánchez’s mass regularisation
The Spanish government has opened a mass regularisation that will hand residence and work permits, together with immediate access to Social Security and regional…
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Popular articles tagged "austerity"
French Socialists want to force ‘rich’ to lend interest-free to the State
Three French Socialist senators have tabled an amendment to the 2026 Finance Bill that would compel high-income households to provide interest-free loans to the…
Brussels budget minister warns total shutdown a real threat
The Brussels region's new budget minister Dirk De Smedt has warned that a full shutdown of public services is a real threat as the region is struggling to find money.
Moody’s hands France surprise downgrade over deteriorating finances
Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided lawmakers…
Italy’s president says need to bring down public debt is “inescapable”
Italy's president said there was an "inescapable need" to bring down the country's mammoth public debt, but warned on Friday that markets' perception was a "questionable"…
French Left must ‘face reality’ over infeasible spending hikes
François Villeroy de Galhau, Governor of the Bank of France, has demanded left-wing policymakers "face reality" and understand further hikes in French spending…
Europe’s debt is rising again as politics erodes budget resolve
Some of Europe’s most indebted governments are heading for a painful reckoning this year as their ambitions to cut down on borrowing collide with political reality.
This will hurt: France braces for budget cuts
After decades of spending beyond its means, France must in the coming weeks show how it will avoid a budget crunch that is putting its credit ratings at risk and…
Unions to stage mass EU protest over austerity measures
Unions are organising a mass protest in Brussels over what they call a new round of EU austerity.
Germany approves austerity budget following economic downturn
The German Government’s cabinet approved its new budget on July 5, which will see substantial spending cuts as the European Union's biggest economy slides further…