IMF urges France to rein in public spending and accelerate fiscal consolidation
In assessment of the country, the Fund noted that France's public spending reached the highest level in the euro area.
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Italy’s Dep PM Salvini urges EU fiscal flexibility amid rising energy costs and inflation
Italian Deputy Prime Minister Matteo Salvini has renewed his call for the European Union to ease fiscal constraints, arguing that current budget rules limit governments’…
Poland’s financial rating questioned as result of hole in public finances
The Fitch ratings agency has revised Poland's outlook to "negative" from "stable" citing growing risks to public finances.
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.
Europe’s debt is rising again as politics erodes budget resolve
Some of Europe’s most indebted governments are heading for a painful reckoning this year as their ambitions to cut down on borrowing collide with political reality.