The German government plans to take on €218.5 billion in new debt this year to pay for massive stimulus to help the country recover from the coronavirus impact, finance ministry sources said Monday (15 June).
The French government continues to announce stimulus spending, as well as support measures for companies, employees and the research sector worth billions to mitigate the COVID-19 crisis. Although necessary, those measures could send the country's budg...
The death toll from an outbreak of coronavirus in Italy has risen to 34, five more than a day earlier, officials said on Sunday (1 March), as the government prepared to boost spending to help the fragile economy.
Italy's economy minister said on Tuesday (25 June) he was confident of reaching an agreement with the European Union over the country's budget, adding that deficit targets in a draft deal would reflect a "more than prudent" fiscal policy.
Italy's populist Deputy Prime Minister Luigi Di Maio on Wednesday (5 June) dismissed Brussels' formal warning over the country's excessive public spending as "too easy".
The International Monetary Fund on Monday (3 June) warned France that its public debt is "too high for comfort", calling on the nation to tackle the issue by stepping up spending reforms.
Italian Prime Minister Giuseppe Conte said Monday (3 June) he was ready to resign unless the two parties in the governing populist coalition -- the League and the Five Star Movement -- stopped squabbling.
Italy risks a rude awakening in the race for top European Union jobs as it faces growing isolation after eurosceptic nationalists in its ruling coalition won big in last week's European Parliament elections.
Italy's populist leaders on Saturday (9 February) promised to replace top officials at the country's central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings.
Greek lawmakers approved on Tuesday (18 December) the country's first post-bailout budget which projects a high primary surplus next year and sees a pick-up in economic growth.