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MEP: Italy’s post-RRF spending cuts sets dangerous precedent for EU funding on 03/06/24 A draft Italian government's decision to use resources received under the EU Recovery and Resilience Facility (RRF) to cut public spending risks setting a dangerous precedent for future joint EU public funding policies, an Italian MEP from the Greens and the Left (AVS) group told Euractiv.
S&P cuts France’s credit rating on deficit overshoot on 01/06/24 Standard & Poor's cut its rating on France's sovereign debt on Friday (31 May), delivering a painful rebuke of the government's handling of the strained budget days before an EU parliamentary election.
Will fresh eurozone inflation data dampen rate cut hopes? on 31/05/24 For many who have been waiting impatiently for the one key European Central Bank announcement after a protracted period of high interest rates, fresh EU data released on Friday (31 May) may have just killed the mood.
High prices, high rates will be new normal in post-COVID world, BNP economists warn on 31/05/24 Europe is facing a “generational shift” in its economic architecture that will cause inflation to be structurally higher than at any period since the early 1980s, two leading BNP Paribas economists told Euractiv, warning that high price pressures and high interest rates will be the new normal.
EU ministers stand by free trade principle despite fresh US blow on 30/05/24 EU leaders reaffirmed their support for free trade on Thursday (30 May) despite the US's top trade official's recent explicit denial that Washington would continue to support barrier-free commerce.
‘Excessive’ capital requirements stand in the way of CMU, insurance industry warns on 30/05/24 While EU policymakers hope to mobilise more private capital for investments through the Capital Markets Union (CMU), high capital requirements prevent insurance companies from “playing a bigger role”, industry association Insurance Europe said.
Limited appetite among member states for EU trade sanctions on Israel on 30/05/24 Amid growing calls for economic sanctions against Israel in view of the worsening humanitarian toll of its military operations in Gaza, EU trade ministers briefly discussed the issue on Thursday (30 May) but remained far from deciding on actual steps.
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