Germany to suspend debt brake amid budget crisis
Germany’s traffic-light coalition Government intends to rescue its 2023 budget - by taking on additional debt.
Economy
Latest reporting and analysis on economy.
EC claims Austria must have EU permission to pass laws protecting cash
Austria is required to gain the permission of the European Union before it passes any laws regulating the use of cash in the country, the European Commission has…
Bulgarian PM Denkov denies wrongdoing on Russian oil and gas
"On the questions connected with ...
Germany’s Green minister turns on Chancellor amid coalition cash row
Robert Habeck, Germany's climate action and economic affairs minister, has turned on Chancellor Olaf Scholz amid an ongoing spending scandal.
European Commission pressured on ‘carbon footprint of fighter jets’ sent to Ukraine
The European Commission has been pressured to detail the "carbon footprint of fighter jets" sent by European Union Member States to Ukraine.
Germany freezes new spending as budget is hamstrung
In the midst of a severe fiscal crisis, the German Government has imposed a moratorium on virtually all new expenditure
Wielkopolska’s rural renaissance: EU funding transforms villages
The Wielkopolska region has been transformed by regional funding from the European Union.
Central Europe’s truckers call on EU to end transport deal with Ukraine
Road haulage organisations from Central Europe have called on the European Union to end a transport agreement with Ukraine that they believe has led to unfair competition…
Germans face energy-bill spike after subsidy funding ruled illegal
German citizens face a severe spike in their electricity bills this winter after a ruling by the country's Federal Constitutional Court
Western sanctions put Russia at risk of ‘economic collapse’, Kremlin admits
Russia faced the possibility of economic "collapse" as a result of sanctions imposed on it by the West, the Kremlin has said.
Concerns resurface over China undermining EU solar energy industry
The European Commission has admitted it is again concerned about apparent Chinese attempts to undermine the European Union's solar energy industry.
This is the future: Thunberg-backed UN invasions of countries opposed to West’s ‘green’ agenda
The United Nations in 2050 will both sanction and enforce the invasions of countries that go against the worldwide “green” agenda, according to predictions aired…
EU court rules Netherlands must change pension laws restricting early withdrawal
The Netherlands must amend its pensions law after a ruling by the Court of Justice of the European Union in Luxembourg.
Ireland’s ex-Europe Minister: The Bulgaria-Turkey gas deal is wrong for Europe – it creates a back route for Russian sanctions busting
When the EU aims to stop relying on Russian oil and gas by 2027, it is bizarre an enterprise wholly owned by a Member State is working assiduously on a project that…
Belgians and Germans pay the EU’s highest electricity bills
Households in Belgium and Germany pay twice as much for electricity as Poland, a German government research body says.
That Europe could soon be energy self-sufficient is ‘just nonsense’ – argues Liberal MEP
That the European Union could soon be self-sufficient in energy is "just nonsense", says an MEP.
German government on the ropes after devastating budget ruling
Berlin faces a hole in the budget of up to 60 billion euros and potentially a total stop of the so-called "energiewende", the ongoing transition by Germany to a…
Mayor of Braga: ‘Prioritising social wellbeing over profit is vital for EU regions’
Ricardo Rio, Mayor of the Portuguese city of Braga, has said that it is vital for European cities and regions to promote the Social Economy if they want to create…
Paris to vote on hiking SUV parking fees
Paris is asking residents to vote on whether to raise parking fees for large SUVs.
Sagunto to promote sustainable tourism with €2 million EU grant
Sagunto, a city in the Valencia province, Spain, has been granted €2 million to develop its sustainable tourism sector,
‘A challenging year’: EU cuts own growth forecast for 2023
The European Union has cut its own growth forecast for 2023, blaming the downward revision on a combination of persistently high inflation and weak external demand.
Greta Thunberg’s doing climate change fight no favours, says Timmermans
Former Brussels climate commissioner Frans Timmermans is frustrated about climate activist Greta Thunberg's turn to radical politics, he says.
Two in three German companies relocate abroad amid energy chaos
Two out of three German companies have at least partly relocated their operations abroad because of Germany's ongoing energy chaos, says consultancy firm Deloitte.
Munster welcomes EU Cohesion support for enterprise
Local politicians from Munster and other southern localities of Ireland have welcomed a new EU supported program to boost enterprise in their regions.
Ukraine says no progress in talks with Poland over border protests
Kyiv and Warsaw again failed to reach an agreement to stop a week-long Polish truckers' protest at Ukraine's border, a Ukrainian official said on Tuesday.
Dutch energy prices double amid green transition
The Netherlands' green energy transition is leading to electricity and gas prices almost doubling.
Indonesia presidential front-runner Prabowo criticises EU on deforestation
Indonesia's presidential front-runner Prabowo Subianto on Monday criticised the European Union over its ban on palm oil imports and said Europeans during colonial…
EU to give ‘substantial’ cash to nations hurt by climate change
Europe will hand over a "substantial" amount of money to help countries hurt by climate change, the Commission says.
Berlin’s state-owned companies have investment surge
Berlin's state-owned enterprises witnessed a remarkable resurgence in investment, reaching levels not seen since the post-reunification era.
Tusk’s coalition want to get rid of me over opposition to the Euro, claims Poland’s central bank head
National Bank of Poland (NBP) president Adam Glapiński accommodated the previous PiS government too much on monetary policy and undermined the bank's independence,…