Deficit

Economy

French government set to lower growth target as Trump tariffs loom

The state’s revised forecast will be in line with predictions from the Bank of France, according to work minister Astrid Panosyan-Bouvet.

02/04/2025

Europe News

EU urged to include green energy in increased security spending

With the European Commission due to propose the EU's next seven-year, trillion-euro budget in the summer, security analysts are calling for a focus on green energy alongside increased military spending.

31/03/2025

Economy

Chancellor hopeful Merz open to reform of Germany's debt brake

The CDU leader said that Germany may need to loosen its debt limit to finance defence spending, although other solutions should be prioritised.

10/02/2025

Economy

French inflation holds steady, raising hopes for further rate cuts

Inflation came in below the ECB’s 2% target, a spot of relief for French policymakers contending with budget deficit woes.

31/01/2025

Europe News

EU finance ministers agree on France’s cost-cutting budget

France has one of the highest and longest-standing budget deficits in the eurozone – but attempts to resolve it have already toppled one government.

21/01/2025

Economy

French budget talks: Pension reform must remain, says business boss

The warning comes as France's government meets party representatives, hopeful of winning support for a new budget bill.

09/01/2025

Economy

French finance minister Lombard outlines deficit target for new year

The target allows for more flexibility than the goal set by the previous government, said Éric Lombard.

06/01/2025

Europe News

Romania's new economic plan hikes taxes in a bid to slash deficit

Romania’s new coalition government approves a new economic plan aimed at keeping government budget deficits under control for the upcoming 2025 fiscal year.

31/12/2024

Economy

French central bank lowers 2025 growth forecast after tumultuous year

France's fraught political landscape and a gridlocked budget continue to spook economists and investors.

17/12/2024

Europe News

Brussels chides Hungary for significant errors in its fiscal plans

Budapest appears to be dragging its feet over submitting a realistic picture of Hungary's economic outlook, according to a European Commission letter seen by Euronews – the latest potential quarrel in a pattern of worsening relations with Brussels.

06/12/2024

Economy

Italy's budget 2025: Breaks for low-income earners and bank levy

Presenting next year's budget, the Italian government seeks to honour election promises while also satisfying EU demands.

16/10/2024

Europe News

EU formally opens deficit proceedings against eight member states

France, Italy, Belgium and five others were targeted by fellow member states after the European Commission warned of ballooning budget shortfalls.

26/07/2024

Economy

Euroviews. Macron's deficit dilemma depends on sound tax policy

Fixing the deficit issue doesn’t have to be an all-or-nothing game; French citizens and policymakers should recognise that reform is more complicated than punishing the rich or vilifying the poor, Sean Bray writes.

11/04/2024

Economy

France trade deficit increases adding to the country's economic woes

In February 2024, France exported €50.3 billion worth of goods, while its imports amounted to €56.3 billion, equating to a trade deficit of €6 billion.

09/04/2024

World News

French budget deficit rose to 5.5% in 2023 with welfare cuts planned

The French budget deficit rose to 5.5% according to new data by statistical agency Insee. Prime Minister Attal announced welfare cuts could be imposed to lower the budget deficit to 2.7 percent by 2027.

28/03/2024

Economy

French government overshoots deficit target: How will it source funds?

Public accounts showed a fiscal shortfall of 5.5% of economic output last year, up from 4.8% the previous year - and significantly more than the government's target of 4.9%.

26/03/2024

Economy

Italy’s GDP inches higher but deficit comes in far worse than forecast

Italy records marginally positive GDP results yet its deficit for 2023 drastically overshoots expectations.

01/03/2024

Economy

Czech lower house approves plan to rein in swelling deficit

The Czech parliament’s lower house has approved dozens of measures proposed by the government designed to keep the ballooning budget deficit under control.

13/10/2023

Tech News

EU strikes €43 billion deal to boost semiconductor chip production

The EU has reached an agreement on how to boost the supply of semiconductors in Europe as the bloc races to reduce its dependency on Asian suppliers.

19/04/2023

Economy

Brussels to delay fines for excessive deficit until 2024

Under current fiscal rules, member states are bound to keep their deficit levels under 3%, a figure that many currently exceed.

08/03/2023