TAG: Fiscal measures
German economy contracted in 2023
FRANKFURT — The German economy likely contracted in the final quarter of last year, the German stati...
8 months ago
How French financial chaos could end Meloni’s market honeymoon
ROME — While all eyes are on the looming fight between the European Commission and France over EU spending rules, another high roller may soon be in for a shock of its own.Since taking office in 2022, Italian Prime Minister Giorgia Meloni has defied expec...
2 months ago
Bardella revives market unease with pledge to claw back billions from EU
National Rally leader Jordan Bardella broke the uneasy calm in France's financial markets on Thursday with a vow to claw back billions of euros from the EU if his party forms the next government.In an interview with the Financial Times, the 28-year-old Ba...
2 months ago
The UK’s first rate cut in four years is awkward for Labour
LONDON — The Bank of England just made things awkward for Britain's new Chancellor Rachel Reeves.The U.K. central bank cut the Bank Rate by 0.25 of a percentage point to 5 percent, the first cut since 2020.But while Brits may cheer the prospect of mortgag...
2 months ago
Italy’s budget mess leaves earthquake-stricken towns in limbo
AMATRICE, Italy — Gaetano Galli surveyed the quiet street and casually pointed out where the earthquake had wrought its havoc. There, the splintered wreck of a bungalow that caved in on a family of six; across the road, the spot where over a dozen were cr...
1 month ago
BoE governor hits back at Liz Truss’ ‘deep state’ claims
Bank of England Governor Andrew Bailey hit back against former U.K. Prime Minister Liz Truss, saying her downfall was caused by her decisions and those of her team, rather than any “deep state” conspiracy.“I don’t know what she means by that,” Bailey told...
1 week ago