Budget

Italy’s reply to EU concerns on budget sent – EU concerns on France, Spain, Belgium, Portugal and Slovenia’s budgets expressed

Italy's reply to the concerns raised over its planned budget by the European Commission arrived in Brussels on Monday, a spokesman said. The EU executive is expected to discuss the…

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Budget Day

Monday is budget day. This aspect was the theme addressed by Prime Minister Muscat during his Sunday speech. Muscat was quoted saying that the budget is expected to include measures…

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Italian Government submits budgetary plan by midnight deadline after agreement between coalition is reached on Monday

Italy’s coalition government has approved budget plans for next year that will lower the retirement age and allow for a partial amnesty on unpaid taxes. Speaking after a cabinet meeting…

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Italy will not change deficit targets, defiant Salvini says

Italy will not change its deficit targets even if the gap between its benchmark 10-year bond yield and the equivalent German bund should widen to 400 basis points, Deputy Prime…

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Italy urged to respect EU spending rules

Finance ministers from the eurozone’s largest economies have urged Italy’s populist government to respect the bloc’s spending rules, as they pushed Rome for clarity on its plans to tear up…

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Markets react negatively to Italy’s budget which aims for higher deficit

Italian bank shares came under intense pressure on Friday, as a sharp drop in prices for the country’s sovereign debt put the sector in investors’ crosshairs. Shares in the country’s…

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Agreement reached on new Italian budget

Italy’s ruling parties won a battle with the economy minister over the resources needed to finance their costly electoral promises — in a move that will likely annoy Brussels and…

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Calls for dedicated EU anti-money laundering agency

The European Central Bank board member Benoit Coeure called for a dedicated EU anti-money laundering on Friday. Addressing the press in the context of the Eurogroup meeting in Vienna on…

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EU budget for 2019 approved by Council

On 11 July 2018, EU ambassadors agreed the Council's position on the 2019 EU draft budget in advance of negotiations with the European Parliament. In total, the Council foresees €164.1…

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European Commission proposed its post Brexit Budget – It proposes a new mechanism to protect the EU budget from financial risks linked to generalised deficiencies regarding the rule of law

The European Commission today unveiled its proposed budget for 2021-2027 describing it as a a pragmatic and modern. European Commission President Jean-Claude Juncker said: “Today is an important moment for our Union.…

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EU Commission to unveil budget plan

The European Commission is expected to unveil its seven year budget plan today. According to reports on the Financial Times, Brussels is seeking to increase the seven-year EU budget to approximately…

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