TAG: Stability and Growth Pact
The cold fish deal: How EU spending talks went to Brazil and back ― just in time for Christmas
BRUSSELS / PARIS ― When the VIP vending machine broke down in the early hours of the morning near th...
8 months ago
France tops UK (again) in foreign investment race amid European slowdown
France remained Europe's most attractive destination for foreign direct investment in 2023, an EY survey released on Thursday said, as new projects slowed across Europe.For the fifth straight year, France beat the U.K. and third-place finisher Germany, bu...
5 months ago
France needs to cut over €100B so it doesn’t end up like Italy
PARIS — France must cut its public deficit by €112 billion over the next seven to 12 years if it wants to avoid entering a debt spiral like Italy, economists advising the government said on Wednesday.Unlike its southern neighbor, France can still avoid fa...
2 months ago
EU’s biggest losers hold Ursula von der Leyen’s fate in their hands
PARIS — The fate of Ursula von der Leyen hangs in the balance — and the EU election’s biggest losers are the unlikely kingmakers. Every vote will count when the European Commission president attempts to convince just over half of the European Parliament’s...
2 months ago
Eurozone debt keeps climbing
BRUSSELS ― Debt in the eurozone grew in the first three months of the year as France struggled to keep its finances in check after weeks of political turmoil. The 20 countries of the currency area recorded debt of 88.7 percent of GDP, up from 88.2 percent...
2 months ago
French PM Barnier promises ‘fiscal fairness’ will help keep debt under control
PARIS — France's freshly-appointed Prime Minister Michel Barnier has hinted at possible tax raises to stop the country's debt from growing."I don't want to raise the debt of our country," Barnier told television network TF1 on Friday evening in his first...
1 month ago
Michel Barnier’s new secret EU mission
PARIS — Newly appointed French Prime Minister Michel Barnier has a burning file on his desk.One of the first tasks for the former Brexit negotiator is to reassure Brussels that France is slashing its massive debt, before Paris is hit with an EU punishment...
1 month ago
What the new French government means for Brussels
PARIS — After two months of anxious waiting, France finally has a new government. President Emmanuel Macron's loyalists managed to keep hold of key ministries spanning from the economy to energy, meaning that France's position on major economic files is n...
3 weeks ago
France plans eye-watering €40 billion in budget cuts for 2025
PARIS — France's new government is planning to cut spending by approximately €40 billion and raise taxes to bring in another €20 billion next year in an effort to bring down the country's massive public debt, government officials said Wednesday.Paris hope...
1 week ago