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Economy

EU governments agree to continue uncapped spending until mid-2022

European Union finance ministers said during a video conference on Tuesday that unlimited spending must be allowed until the recovery from the pandemic is secure.

Europe News

Brussels concerned that Italy crisis will delay pandemic spending

Prime Minister Giuseppe Conte's resignation is raising questions over Italy's ability to effectively distribute the recovery funds it is set to receive.

Poland

Krakow funds LGBT shelter despite Polish government hostility

Krakow has become the first city in Poland to finance an LGBT support shelter.

Europe News

European leaders inch closer towards sanctions on Turkey

Greek PM Kyriakos Mitsotakis has welcomed the move.

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United Kingdom

UK minister resigns as plan to cut overseas aid sparks outcry

The UK is to cut its overseas aid budget, despite warnings from charities and politicians that the move will cost tens of thousands of lives.

Europe News

EU leaders struggle to break budget deadlock amid Poland, Hungary veto

As EU leaders met for a virtual summit, sources said that the videoconference was not the place to discuss such a complicated issue.

World

Italy's 2021 budget attempts to cushion COVID-19 financial impact

In an attempt to cushion the financial impact of one of the world's worst COVID-19 outbreaks, Italy's cabinet approves an economic stimulus plan for next year.

Europe News

Hungary and Poland block EU's COVID recovery package over rule of law

Budapest and Warsaw governments are threatening to veto the EU budget and recovery fund over proposals to link access to cash with the respect of the rule of law.

Europe News

COVID-19, rule of law, EU programmes: The wrangling over the EU budget

What started out as a seemingly normal Commission proposal back in May 2018, turned into a battle between two of the EU's three institutions, after the pandemic rewrote the rules of nearly everything it touched.

Europe News

MEPs want EU funding to be linked to respect for rule of law

As MEPs return from the summer recess, negotiations began to get their approval for the EU's €1.8 trillion budget.

World News

Euroviews. The EU’s COVID-19 budget and recovery plans must ensure a safe and healthy future for all ǀ View

Billions of euros of collective public monies will be invested to restart Europe’s economy, as countries emerge from lockdown. The level of investment is set to spark a once-in-a-generation opportunity to reshape the direction of our societies and to resonate in countries far from Europe.

United Kingdom

Euroviews. The levy to fight financial crime in the UK could prove a breaking point for regulated firms ǀ View

Why it should be the businesses in the regulated sector rather than the state that should have to fund the fight against financial crime? These businesses are the gatekeepers to a financial and economic system that is open to abuse by money launderers and terrorist financiers.

United Kingdom

UK announces ‘largest giveaway budget since 1992’ to battle COVID-19

The UK’s finance minister RishiSunak says the health service will get whatever resources it needs to tackle the coronavirus.

Europe News

EU budget battle stretches into extra time as divisions continue

European leaders meet for a second day of talks to hammer out a compromise over the EU's long-term budget.

Europe News

The EU budget battle begins as Brexit leaves €15 billion annual vacuum

The week before EU heads of state and government travel to Brussels for a two-day extraordinary European Summit exclusively focused on the size of the EU budget, Jack Parrock talks to those who will have the final say over it

Hungary

Hungary's Szijjártó says spend on counterterrorism not migration aid

Péter Szijjárto says the UN's budget is a "huge risk" to those countries that are most affected by migration, and the money would be better spent on fighting terrorism.

Italy

Italy's education minister resigns over lack of funding

The fallout from Italy's newly agreed budget has seen education minister Lorenzo Fioramonti resign.

Europe News

Green budget and the Balkans in the Brief from Brussels

Today in the Brief from Brussels we take a look at a group of young climate protesters who made their voices heard in the European Parliament.

Europe News

EU leaders to discuss climate change budget

At the summit on 17 and 18 October, EU leaders will discuss how to incorporate climate change initiatives into the budget.

Ireland

Watch again: Ireland unveils €1.2 billion no-deal Brexit fund

Ireland is stepping up preparations for a no-deal Brexit by putting aside €1.2 billion for the UK crashing out of the European Union.