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Latest EU Commission & Public Finances News

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  • UPDATE 2-Finland's Rehn set to win top EU economy job 26 Nov 2009 21:11 GMT
    ... BRUSSELS, Nov 26 (Reuters) - Finland's Olli Rehn is expected ... the economy, and needs to tackle soaring budget deficits. The competition commissioner enforces strict rules on state ... on who will be in the new EU Commission, click on)) Keywords: EU COMMISSION/ (Brussels Newsroom, ...

  • Singer: Fiscal policy one of main risks for Czech economy 26 Nov 2009 07:32 GMT
    ... said in a presentation. The Czech Republic's public debt will start to grow sharply as of this year and public finance deficit will range between 5 to 6 ... funds have been the long-neglected problems of public finances, Singer said. CNB estimates that public finance ...

  • Commission pay hike comes amid member state austerity plans 26 Nov 2009 17:55 GMT
    ... Forecasts for rising unemployment and weak economic growth next year ... minister Cecilia Malmstrom, also an incoming European commissioner, last week criticised the pay package given ... account the current member-state efforts to curb budget deficits, argue commission officials. "This cuts both ways," says ...

  • UPDATE 1-ECB's Sramko says EC too benevolent on some deficits 26 Nov 2009 13:15 GMT
    ... BRATISLAVA, Nov 26 (Reuters) - The European Commission was somewhat soft in giving some EU members until 2013 to cut fiscal deficits, ... of Prime Minister Robert Fico expects the public finance gap to balloon to 6.3 percent this ...

  • Europe's public finances: Weighed down 24 Nov 2009 12:11 GMT
    ... The commission will play the role of co-ordinator and ... for three years. A repair job on public finances stands a better chance of being durable ... afford to add much to its huge public debt. It eschewed any meaningful fiscal stimulus in ...

  • UPDATE 1-Spain Jan-Oct budget deficit soars on stimulus cost 24 Nov 2009 11:53 GMT
    ... MADRID, Nov 24 (Reuters) - Spain's central government deficit shot ... percent limit set under European rules. The European Commission has given Spain until 2013 to bring ... not provide a monthly breakdown for the budget deficit data, which does not include the balances ...

  • Spanish budget deficit soars 24 Nov 2009 13:11 GMT
    ... - Last Updated: Tuesday, November 24, 2009, 11:43 Spain's central ... cent limit set under European rules. The European Commission has given Spain until 2013 to bring ... not provide a monthly breakdown for the budget deficit data, which does not include the balances ...

  • European business wants strong climate deal 22 Nov 2009 11:54 GMT
    ... met Jose Manuel Barroso, President of the European Commission, and two of his Commissioners Stavros Dimas ... This has lead them to call for "public finance for smart green growth". They also highlight ... support for my proposal of a specific Commissioner for climate action. We have to maintain ...

  • PaweÅ SAMECKI European Commissioner responsible for Regional Policy "What is the future role of the EU in businesses?" Europäisches Forum Alpbach ' Economic, financial and social crisis ' Is Europe capable of acting? Vienna, 25 Nov 2009 10:53 GMT
    ... "What is the future role of the EU in businesses?" Figures and graphics available in ... as private investors becoming more risk-averse or public finances being increasingly under pressure. In addition, it ...

  • Euro adoption not in sight for Hungary because of bulging debt - EBRD Director 25 Nov 2009 08:48 GMT
    ... Although the Hungarian government is fiscally prudent, it has a ... achievable by both the IMF and the European Commission. "The government is fiscally quite prudent and ... near future, particularly because of its high public debt." Hungary's gross government debt is seen reaching ...

  • Walker's World: Europe's drab new leaders 23 Nov 2009 05:11 GMT
    ... Belgian Prime Minsiter Herman Van Rompuy (L) and EU Commissioner for trade British Catherine Ashton attend a ... by Societe Generale, France's second-largest bank. "High public debt looks entirely unsustainable in the long run. We have ...

  • EU recession over, but sharp contrasts in East 23 Nov 2009 12:52 GMT
    ... International Internet Magazine. Baltic States news & analytics ... each to finance their current- account and budget deficits. Countries east of the Berlin Wall abandoned ... GDP in 2011. The commission sees Latvia's budget deficit at 12.3% of GDP in 2010 and Poland’s ...

  • In urgent need of a cash injection 24 Nov 2009 01:20 GMT
    ... The health insurer must find more than €100 million by ... year to redress the unfair advantage the European Commission says it has over its competitors, writes ... solution, but given the condition of the public finances this is unlikely in the current environment. ...

  • Romania set for presidential vote 22 Nov 2009 05:47 GMT
    ... Romanians are set to vote in a closely fought presidential ... including the International Monetary Fund and the European Commission, and restore investor confidence damaged by political ... have three election-free years to overhaul bloated public finances and clear out a political class steeped ...

  • Romania holds presidential vote 21 Nov 2009 13:37 GMT
    ... Romanians have begun to vote in a closely fought ... including the International Monetary Fund and the European Commission, and restore investor confidence damaged by political ... have three election-free years to overhaul bloated public finances and clear out a political class steeped ...


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