French Government on brink of collapse
French Prime Minister Michel Barnier's government, only installed in September, seems set to fall apart after having pushed through a social security financing bill.
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Former French Interior Minister calls for compromise with Le Pen’s National Rally
France's former interior minister Gérald Darmanin has called upon current PM, Michel Barnier, to find common ground with the National Rally (RN) party "and its…
French and German interest rates spread highest in more than a decade
International markets appear to be increasingly weary of potential political instability in France, pushing up interest rates.
Majority of French want PM Barnier’s government to fall, undermining budget talks
Three months after his appointment, French Prime Minister Michel Barnier faces growing opposition.
Work one day for free, French asked in latest budget plan
France's national budget is so strained that lawmakers are pushing a proposal to make the French work an extra seven hours each year without pay - the equivalent…
EC rejects Poland’s plea to exclude defence spending from budget-deficit figures
The European Commission has rejected Poland’s request for defence spending to be excluded from calculations in relation to the country’s budget deficit.
UK budget D-Day: Finance minister Reeves looks set to light blue touchpaper
Britain's new finance minister Rachel Reeves is set announce what may be the biggest tax hikes in three decades in a bid to fix the country's sagging public services,…
France’s belt-tightening budget aimed at reining in debt, finance minister says
France's belt-tightening budget will attempt to regain control over the country's "colossal" debt burden, Finance Minister Antoine Armand has said.
Auditors scold EU spiralling error rate in spending and EU debt of €458.5 billion
While the allowable threshold is 2 per cent, the error rate has risen to almost three times this number, namely 5.6 per cent.
French PM Barnier skips confidence vote to avoid early exit
The vote, originally scheduled to follow the general policy speech on October 1, is a customary practice whereby prime ministers seek parliamentary approval.
French finance minister warns of ‘one of worst deficits in history’
Finance Minister Antoine Armand has sounded the alarm on the French budget, warning of the "very serious situation" facing France.
France asks EU to let it delay submitting budget deficit plan
France has asked the European Commission to extend beyond September 20 a deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft…
Germany wants to cut billions in subsidies for heat pumps
Due to the tight budgetary situation in Germany, the progressive government must significantly cut back on subsidies for installing heat pumps, which are a controversial…
German Liberals threaten ruling coalition over debt
Thirty MPs of the Liberal Free Democratic Party (FDP) said they would withdraw their support from the German traffic-light coalition if the Socialists (SPD) rack…
Low growth and welfare cuts push Attal Government to the brink
Near-zero growth, coupled with savage welfare cuts and broad perceptions of fiscal mismanagement, look set to push French Prime Minister Gabriel Attal's government…
Macron calls for doubling EU budget amid plummeting support
The union needs "between €650 and 1,000 billion per year more" a year to invest in defence and decarbonisation, Macron said, arguing that "we must succeed in doubling…
Germany hits NATO spending target for first time since Cold War’s end
Germany has met a NATO alliance target to spend 2 per cent of its gross domestic product on defence for the first time since the early 1990s, a defence ministry…
EU budget clampdown risks ‘economic and democratic suicide’ Green Group leader warns
Splits in the pro-EU European Parliament coalition are emerging after the Green Group broke ranks to oppose the bloc's proposed budget reforms.
German states may have same ‘torpedoed budgets’ problem as national Government
Germany's federal states might see the Federal Constitutional Court (FCC) blow major holes in their budgets over creative debt constructions, as happened with the…
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.
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
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…
Council summit: EU budget risks derailment over Ukraine aid
Hungary and Slovakia are opposing the bloc’s proposed €50 billion in financial aid, which is being tied in with the EU's entire budget, known as the Multi-Annual…
EC defends decision to double its communications budget to €60 million
Politicians from both the Left and Right of the European Parliament have expressed anger at the move, especially since the EC appears to be reducing spending in…
EU debt now Euro 344 billion: auditors
In its latest report, the European Court of Auditors (ECA) said that errors in the spending of funds taken from the European Union budget "increased significantly…
Inside the EU wallet: Which nations foot the bill and which benefit?
The Cologne Institute for Economic Research has published figures revealing how much cash Member States gave to or received from the European Union in 2022.