Slower growth comes on the back of households counting the pennies as they are confronted with higher borrowing rates and decreasing state help to cover energy costs, which shot up after Russia invaded Ukraine two years ago. “After a bruising 2023, the European economy has emerged a little weaker than expected, although the rebound should … Read more
EU finance ministers will call on G20 countries to finalize global corporate tax reforms that would hit international companies such as U.S. tech giants Google, Amazon and Apple, according to a document obtained by POLITICO. The EU’s “Terms of Reference,” drawn up by national treasury officials, will serve as the basis of the bloc’s negotiating … Read more
The last-minute agreement saves the European Commission’s proposed reform of the framework, which aims to slash debt ratios and deficits while maintaining investment in “strategic areas such as digital, green, social or defense,” the Council said. Under the terms of the agreement member countries will still be required to submit national medium-term fiscal structural plans … Read more
Last ditch talks between the EU’s finance ministers planned for Wednesday on an overhaul of the EU’s public spending rules look set to fall short amid continued disagreement between Germany, France and Italy, according to officials in Brussels. French Finance Minister Bruno Le Maire and his German counterpart, Christian Lindner, will face the press on … Read more
