European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said on Wednesday Spain and Portugal could see possible fines for breaching budget deficit rules set at zero,…
In the post Brexit European Union, member states like France try to balance between rules and politics. French Finance Minister Michel Sapin said on Monday Portugal does not deserve to…
The European Commission decided to begin formal disciplinary procedures against Spain and Portugal on Thursday for their excessive deficits in 2014 and 2015, which may lead to fines for the…
The European Commission is expected to announce on Tuesday it will give Spain and Portugal three more weeks to take steps to correct their excessive deficits in order to avoid…
France΄s government budget deficit widened to 27.5bn euros in the first quarter of the year from 26.3bn recorded in the same period in 2015, the budget ministry said on Tuesday
The government is preparing to strike back on Tsipras΄s plan to gather enough votes for a referendum, with snap elections. What will remain with the state after DEI split, crippled…
Panathinaikos F.C. wins the Greek Football Cup; the real deficit is actually greater than it was in 2009; new hidden austerity measures are in the pipeline; many Greeks are declaring…
“It takes a passionate disregard for the truth to suggest that Greece is recovering.” That was my verdict last December upon being asked to comment on Greece’s rumoured recovery. Almost…
In Greece’s ongoing negotiations with its troika of lenders of crucial importance is the primary budget surplus the government claims to have achieved for 2013. Yet despite the central significance…
The government cannot expect to increase revenue through further tax increases according to a new report issued by the Parliamentary Budget Office. The tax burden in Greece has risen dramatically…