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FinanceMorning Bid: French Budget and German Prices Grab Spotlight
InvestingDollar Falls Amid Economic Data Dump Before Long Weekend
Top StoriesFrench Tightening Plans Credible, Dutch Want to Spend Too Much, Says Commission
FinanceEU Fiscal Rules Are a Security Risk, German Economy Minister Says
Greece Calls for Increased EU Defence Role, Cooperation With NATO
Date: November 26, 2024
ATHENS (Reuters) – The European Union needs to boost its defence role and arms industry and improve cooperation with NATO, Greek Prime Minister Kyriakos Mitsotakis said on Tuesday after talks with the military alliance’s Secretary-General Mark Rutte. Following Russia’s 2022 invasion of Ukraine, the EU has sought to increase its defence capabilities and the European...
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...
Dollar Follows US Yields Lower After Bessent Treasury Nomination
Date: November 25, 2024
By Wayne Cole and Medha Singh (Reuters) -The dollar recoiled from two-year highs on Monday, tracking a sharp decline in U.S. Treasury yields amid trust that Donald Trump’s pick for the next U.S. Treasury secretary will promote more fiscal discipline than investors had been fearing. The euro was up 0.85% at $1.0506, recovering from a...
Germany Considers Reforming Debt Brake Amid Economic Challenges
Date: November 22, 2024
BERLIN (Reuters) – New German finance minister Joerg Kukies said on Friday that a moderate and targeted reform of the debt brake, which limits the public deficit to 0.35% of gross domestic product, was being discussed. Germany’s ruling Social Democrats (SPD) and Greens in particular have bristled at the spending rules at a time when...
Italian Firms’ Profitability Could Fall as Growth Slows, Central Bank Says
Date: November 22, 2024
MILAN (Reuters) – Italy’s high borrowing costs and weakening economic growth could reduce the profitability of its companies in the near future, especially those with a high debt load, the Bank of Italy said on Friday. Rome has been struggling with modest growth this year which, combined with still high European Central Bank interest rates,...
New German Finance Minister Wants ‘realistic’ Debt Brake Reform, Report Says
Date: November 22, 2024
BERLIN (Reuters) -New German Finance Minister Joerg Kukies dampened expectations that a reform of the nation’s spending cap, known as the debt brake, could lead to more leeway in the federal budget in an interview with the Handelsblatt newspaper published on Friday. “You have to look at what is realistic and what there could be...