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Italy approves 2027 budget with tax rises on banks, insurers and energy firms
This is the last full budget under Meloni, and her fifth, before national elections due next year.
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This is the last full budget under Meloni, and her fifth, before national elections due next year.
Ten-year government bond yields for both nations have widened their spreads against German Bunds, the eurozone’s benchmark safe-haven asset.
De Wever has warned that parties unwilling to abandon “taboos” risk higher debt that can no longer be managed without significant loss of prosperity.
Higher inflation, she said, had to be taken into account when the permitted deficit was calculated.
City debt is put at about €494 million in 2026, against €241 million in 2020. The Eurométropole's is put at €911 million, against €579 million.
The recommendations come as investors increasingly demand a premium to hold the debt of governments struggling with large deficits and rising debt burdens.
The National Institute of Statistics and Economic Studies (Insee) had already put the figure at 0.
The increases form part of a broader rise in eurozone long-term rates. The French benchmark first crossed 4 per cent on July 23.
Officials at the Ministry of National Economy and Finance said the early repayments would send a signal of prudence to European institutions, rating agencies and…
"Next year, the totality of income tax paid by the French will not suffice to pay the totality of the interest on the debt.
The sector's overall deficit narrowed from €2.9 billion in 2024 to €2.
The rising debt in Poland has been driven by one of the fastest growing budget deficits in the EU.
France’s public debt has reached a new record high of €3,460.
Greece completed an early repayment of €5.
Italy's president said there was an "inescapable need" to bring down the country's mammoth public debt, but warned on Friday that markets' perception was a "questionable"…
Italy will now still be stuck with a debt burden above 140 per cent of gross domestic product even in five years’ time, according to the International Monetary…
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