Markets French government bonds under pressure after Moody's downgrade The yield on 10-year French debt rose to more than 3%, on the first trading day after the credit rating agency unexpectedly cut France's debt rating. 16/12/2024
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. 06/12/2024
Europe News 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. 26/11/2024
Economy 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. 25/10/2024
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. 15/10/2024
Economy 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. 10/10/2024
Economy 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. 27/09/2024
Europe News 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. 17/01/2024
Europe News 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. 20/12/2023
Economy €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? 03/10/2023
USA 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. 28/05/2023
Economy 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
Economy 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
World News 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
Italy 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
Economy 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
Greece 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