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Fiscal nightmares resume in Europe: Italy and France under scrutiny fo

Fiscal nightmares resume in Europe: Italy and France under scrutiny fo
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United statesRuben segura cayuelaGiancarlo giorgettiChiara angeloniEuropean unionEuropean commissionFinance ministerFinancial documentExcessive deficit

European countries facing financial nightmare as deficits spike

Italy, France, and other member states could face excessive deficit procedures from the European Commission to address potential financial issues.

Giancarlo giorgettiAmerica chiara angeloniEuropean unionEuropean commissionFinance ministerChiara angeloniEuropean union financial problemsEuropean union franceEuropean union italyEuropean union fiancial crisis

Eurozone tries to patch up its broken debt rules

Eurozone tries to patch up its broken debt rules The bloc is under intense pressure to adopt a more flexible set of fiscal guidelines as Covid borrowing sends debt soaring 18 February 2021 • 10:00am Since coronavirus struck, we have become used to the rules swiftly changing, with stiff penalties for breaching them too. Britain’s fiscal targets, once known as the golden rules , are dead. The Chancellor is keen to get back to stable finances but is only expected to set out long-term aspirations in next month’s Budget. On the continent, the problem is more pressing. The eurozone was founded on promises of financial restraint, codified in the Stability and Growth Pact.

United statesUnited kingdomBruxelles capitaleSven jari stehnGeorge sorosNicolas hulotReiner hoffmannMario draghiLuca visentiniFelix huefnerInternational monetary fundChiara angeloni at bankEuropean commissionEuropean trade union confederationEuropean central bank under christine lagardeEuropean central bank

Investors cheer return of Super Mario to lead Italy

Investors cheer return of Super Mario to lead Italy Former ECB president Mario Draghi asked to form a new Italian government Former ECB president Mario Draghi Italian borrowing costs have tumbled to near-record lows after Mario Draghi, the former ECB president credited with saving the euro, was parachuted in to form a new government in Rome. Mr Draghi had not even started building his new coalition before his famed market-moving powers took hold with Italian bond yields dropping sharply and stocks in Milan rallying. The central banker has been asked by president Sergio Mattarella to create a government of national unity after talks to save Giuseppe Conte’s premiership ended in failure.

United statesMatteo renziItalia vivaGiuseppe conteChristine lagardeMario draghiChiara angeloniSergio mattarellaDemocratic partyStar movementJack allen reynoldsFive star movementஒன்றுபட்டது மாநிலங்களில்மேட்டியோ ரென்சிஇத்தாலியா விவாகியூசெப் கொண்டே