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Public deficit

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Europe scrambles to finalise new fiscal rules after lawmaker vote

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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.

23/05/2022

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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.

19/10/2021

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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.

22/04/2021

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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

05/06/2019

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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.

29/12/2018

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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

25/04/2018