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Deficit

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Europe

EU seeks to sanction Spain, Portugal over spending

Spain and Portugal could faces fines for breaching EU spending rules after the European Commission opened a sanctions procedure on Thursday over both countries failure to tackle their budget…

Spain and Portugal could faces fines for breaching EU spending rules after the European Commission opened a sanctions procedure on Thursday over both countries failure to tackle their budget…

Business

Spain wants to slow deficit reduction

Spain plans to cut its government deficit this year and next at a slower pace than originally agreed with the European Commission as it struggles to bring its public debt in line with Brussels' demand

Spain plans to cut its government deficit this year and next at a slower pace than originally agreed with the European Commission as it struggles to bring its public debt in line with Brussels' demand

Business

France confident on deficit reduction, European Commission not convinced

French Finance Minister Michel Sapin has said the country will meet its 2016 target for cutting its public deficit but the European Commission does not believe it can achieve that.

French Finance Minister Michel Sapin has said the country will meet its 2016 target for cutting its public deficit but the European Commission does not believe it can achieve that.

News

[Map] How quickly does your country spend its annual budget?

Today, November 11, marks the point when the United Kingdom will have spent its entire revenue for the year, 51 days early. That means, in effect

Today, November 11, marks the point when the United Kingdom will have spent its entire revenue for the year, 51 days early. That means, in effect

News

Greece: new round of debt talks as default looms

Denying that a debt default was discussed, Greek Prime Minister Alexis Tsipras met with his negotiating team before they headed to Brussels for

Denying that a debt default was discussed, Greek Prime Minister Alexis Tsipras met with his negotiating team before they headed to Brussels for

Business

Portugal's debt rises but a better 2015 on the cards says report

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Business

France sees smaller deficit, faster growth on the way

The French sounded a little more bullish about their debt on Thursday with the news that Paris is cutting its deficit target for 2015 and that

The French sounded a little more bullish about their debt on Thursday with the news that Paris is cutting its deficit target for 2015 and that

Business

Russia to cut its deficit woes by dipping into its savings

Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a

Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a

Business

France revises deficit target for 2015

France is to cut its public deficit to 4.1 percent of economic output in 2015. That is down from a previous target of 4.3 percent. The figure comes

France is to cut its public deficit to 4.1 percent of economic output in 2015. That is down from a previous target of 4.3 percent. The figure comes

Business

Greece stands firm on budget plan despite protests from lenders

Greece has gone ahead with plans for a near-balanced budget for 2015, ignoring protests from the Troika of international lenders. The European

Greece has gone ahead with plans for a near-balanced budget for 2015, ignoring protests from the Troika of international lenders. The European

Business

Eurozone export boom boosts Europe's trade surplus

The European trade surplus was given a shot in the arm on Monday with the numbers for September doubling the previous figure. The better result was

The European trade surplus was given a shot in the arm on Monday with the numbers for September doubling the previous figure. The better result was