Wall Street takes a blow after disappointing US jobs data
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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.
Germany, Netherlands, Austria face Brussels warning for budget spend
Rejigged EU austerity rules – in play for the first time since the pandemic – are now coming back to haunt the bloc’s biggest deficit hawks, in a move likely to prove explosive to national politics.
French lawmakers vote in favour of new tax on wealth of billionaires
A majority of lawmakers supported the proposition from the far-left LFI party, despite warnings from the incumbent government.
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.
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French government unveils unprecedented budget cuts for 2025
The draft budget plan will be under intense scrutiny by the EU Commission after Brussels formally warned France of its excessive budget deficit back in June.
French debt soars reinforcing concerns about its budgetary control
France's borrowing of €68.9 billion in the second quarter of 2024 has added to the country's debt pile reinforcing concerns about its budgetary control.
Europe scrambles to finalise new fiscal rules after lawmaker vote
Twitchy bond markets and upcoming elections mean the clock is ticking for controversial new EU deficit laws.
Franco-German compromise prompts EU deal to reform fiscal rules
Economic and finance ministers of the European Union sealed on Wednesday a deal to reform the bloc's fiscal rules, a breakthrough made only possible after Germany and France found a middle ground.
€3 trillion: Is France’s debt out of control?
France’s debt went from €1 trillion in 2003 to €3 trillion this year. What happened?
Biden and McCarthy reach US debt-ceiling deal
The agreement must now be approved by Congress and risks upsetting both major political parties in the US.
EU fiscal rules to remain suspended to cushion impact of Ukraine war
The announcement from Brussels come in the midst of record-breaking inflation and economic stagnation.
Strict or flexible? Brussels kicks off debate to reform fiscal rules
The European Commission is calling for a gradual reduction of public debt but estimates the green transition will need €650 billion in annual investments until 2030.
Euro area debt soars to 98% of GDP amid COVID-19 crisis - Eurostat
Public debt and deficit surged last year across the EU as governments borrowed massively to mitigate the impacts of pandemic lockdowns.
European Commission concludes that Italy is breaching EU fiscal rules
Time is running out for Italy after the European Commission concluded that the country is breaching EU fiscal rules because of its huge public debt
Italian government easily defeats vote of no-confidence
Shrugs off criticisms to pass 2019 budget that bows to Brussels and does not go nearly as far with public spending increases as first planned.
Greeks protest austerity measures and public infrastructure sales
Workers pour out bags of coal in front of parliament in opposition to sale of power plants