Germany seeks exemption from EU fiscal rule to aid defence spending
Germany’s outgoing finance minister Jörg Kukies has asked the European Commission to allow Germany temporarily to ignore strict European Union rules that limit…
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IMF: French public debt to be ‘significantly higher than government forecasts’
The International Monetary Fund has challenged the French Government's projections on future public debt, estimating that the country will end up running a significantly…
European Council adopts fiscal reform with new rules for budgets and debts
The European Council has adopted three pieces of legislation designed to reform the European Union’s economic and fiscal governance framework.
EU looks to take pressure off Member States over debt
European Union Member States and MEPs have struck a preliminary deal to ease the bloc's stringent fiscal rules, giving governments more time to reduce debt and incentives…
EU strikes fiscal rules deal with gradual path to cut debt
European Union finance chiefs ended months of wrangling over fiscal rigour to agree on new rules that will aim to rein in debt and define the bloc’s ability to…
Just seven Member States meet EU budget rules
Only seven of the European Union's 27 Member States have budgets that meet the bloc's financial probity guidelines, according to the European Commission.
Italy battles for flexible EU budget rules as bond spreads widen
Italy is lobbying its European Union partners with increasing urgency to approve more flexible budget rules, according to government sources, as bond spreads widen…
Macron bypasses parliament vote on budget with maligned tool
French President Emmanuel Macron is bypassing parliament votes to push ahead with his plans to cut debt, boost green and defence spending, and secure access to billions…
European Commission urges Germany not to dig in on stricter EU debt rules
European Economy Commissioner Paolo Gentiloni urged governments to set aside rigid positions on the reform of the bloc’s debt rules and seek common ground as the…