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Economy

EU budget: Who pays the most into the EU, and who gains the most?

In the EU budget, wealthier western and northern European nations predominantly serve as net contributors, while central and eastern European members are mainly net recipients.

Economy

What next for France's finances after the government's collapse?

Without a new budget, the country is facing a deficit of up to 6.6% of the GDP in 2025, more than double the European Union's standard.

Europe News

Budget crisis and political turmoil: France under EU's close watch

European institutions in Brussels are paying attention not only to the financial discussions but also to the political challenges that are unfolding in France.

Europe News

Le Pen says no-confidence vote will save France from 'unjust' budget

France's Prime Minister Michel Barnier is set to be ousted after his social security budget failed to receive backing from Marine Le Pen's National Rally.

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Europe News

Russian defence spending rises to record high - a third of the budget

Next year, Moscow's spending on the military and security forces will exceed spending on health care, education and social policy combined

No Comment

Striking workers in Italy demand wage hikes amid soaring inflation

Italy's main unions held a nationwide strike on Friday to protest a proposed budget law.

Culture news

Berlin announces huge €130 million cuts to culture budget

Germany’s government has confirmed huge cuts to the culture budget in Berlin.

Destinations

High peaks, low prices: Georgia might be Europe’s best-kept ski secret

With modern resorts, mounds of snow and legendary hospitality, Georgia is a hidden gem for thrill-seeking skiers.

Radio Schuman

Why so many French MEPs are rejecting von der Leyen's commissioners

As MEPs vote to approve the upcoming European Commission, a significant proportion of those opposing von der Leyen's executive picks are French MEPs.

Europe News

French PM Barnier warns of 'serious storm' amid budget dispute

French lawmakers have spent weeks debating a budget proposal that has threatened to topple Barnier's cabinet.

Europe News

French far right threaten to collapse government over budget

Only last month, the French government survived a no-confidence vote brought by the left as the far-right abstained from voting.

Destinations

Too expensive? Dubai wants to debunk tourists’ ‘misconceptions’

The tourism board is aiming to make Dubai one of the best cities in the world to live in and visit by 2033.

United Kingdom

Thousands of UK farmers protest against inheritance tax hike

Organisers urged protesters not to bring farm machinery into central London, though some tractors drove past Downing Street covered with signs saying “the final straw” and “no farmers, no food.”

Economy

How the UK plans to create pension mega funds and unlock billions

British Chancellor of the Exchequer Rachel Reeves said on Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the UK's subpar economic growth.

Economy

UK Treasury chief Rachel Reeves unveils £40bn tax hikes in budget

UK Treasury chief Rachel Reeves unveils budget with £40bn in tax hikes and says she'll "invest, invest, invest".

Destinations

Travellers overspend by €55 each day in this European country

Recent research also revealed that holiday overspending has reached its highest levels in a decade.

Business

Legalising online casinos? France places a bet on solving budget woes

Lifting the ban on online casino games will help to combat illegal sites, says the government. It could also bring in much-needed tax revenue.

Health news

Leaked budget plans spark fears for EU health funding

Stakeholders and lawmakers are increasingly concerned about the fate of the EU budget pot dedicated to health, which may either be merged with other funds or worse, disappear, according to a leaked early blueprint.

Healthcare

Surging drug costs straining national budgets, health insurers warn

Rising pharmaceutical prices, particularly for novel therapies and cancer treatments, are driving increased health spending across Europe, placing significant strain on national budgets, according to a new study published this week.

Economy

Will France's looming tax hikes force wealthy citizens to move away?

The French government is desperate to find savings of €60bn next year, part of it is going to be sourced through 'exceptional' and 'temporary' tax hikes.