fiscal-consolidation
FinanceJapan’s Cabinet Approves Record Budget, Faces Tough Parliament Fight
Top StoriesFrench PM Hopes to Have Budget Ready by mid-February
FinanceAnalysis-Italy’s Bonds Poised for Gains at Expense of Germany and France in 2025
InvestingAnalysis-Italy’s Bonds Poised for Gains at Expense of Germany and France in 2025
French Parliament Approves Bill to Roll Over Budget, Avoiding Shutdown
Date: December 17, 2024
PARIS (Reuters) – France’s National Assembly, the lower house of parliament, on Monday approved a special law designed to maintain core state functions and prevent any interruption of public services, three days after President Emmanuel Macron named Francois Bayrou as his fourth prime minister of 2024. The French constitution allows for a special law to...
Romanian Government Talks Hampered by Demand for Fiscal Clarity
Date: December 16, 2024
By Luiza Ilie BUCHAREST (Reuters) – One of the four Romanian parties due to join a coalition government demanded clarity over taxation and spending plans on Monday, hampering the talks as the country races to stem the political chaos after the presidential election was annulled. The four pro-European parties reached a firm commitment to form...
Fall of Government Leaves France Without Clear Path on Cutting Deficit -S&P
Date: December 5, 2024
PARIS (Reuters) – The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor’s (S&P) said on Thursday. With less than four weeks until the end of the year, and even less time remaining until the Dec. 21 deadline to pass the budget, regardless...
French Tightening Plans Credible, Dutch Want to Spend Too Much, Says Commission
Date: November 27, 2024
By Jan Strupczewski BRUSSELS (Reuters) -France’s draft 2025 budget and medium-term plan to bring down public debt are in line with EU rules and credible, while spending plans of the normally frugal Netherlands are too high, the European Commission said on Tuesday. In an assessment of draft budgets of euro zone countries and their four-...
EU Fiscal Rules Are a Security Risk, German Economy Minister Says
Date: November 26, 2024
BERLIN (Reuters) – German Economy Minister Robert Habeck wants to change the European Union’s laboriously negotiated debt rules, calling them “a security risk” because they are preventing much-needed spending on defence and other priorities. “These rules do not fit the times,” said the Green candidate for Chancellor at an industry conference in Berlin on Tuesday....
Romania’s Seven-Year Fiscal Plan May Test Markets, Says Watchdog
Date: November 26, 2024
By Gergely Szakacs and Luiza Ilie BUDAPEST (Reuters) –Financial markets might run out of patience with Romania’s high fiscal deficit, the country’s fiscal watchdog warned on Tuesday, saying Bucharest’s seven-year plan to narrow the gap risked being too slow for some investors. The prospect of presidential and parliamentary elections in central Europe’s second-largest economy in...