This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda A country’s current account balance tracks the amount of money it has coming in and going out.It is largely made up of trade, but also depends on flows of foreign direct investment and […]What is a country’s current account balance, and is a deficit good or bad for its economy?
March 28, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda A country’s current account balance tracks the amount of money it has coming in and going out.It is largely made up of trade, but also depends on flows of foreign direct investment and […]France asks help from Germany but it will not be for free
October 24, 2014 by
France and Germany had a ‘meeting’ last Monday to discuss about the latter’s support on the problematic budget of France regarding the high deficit levels. This comes after the submission of France’s 2015 budget upon approval by the European Commission (E.C.). The Hexagone claims that slow growth must be fought at all costs. However, Germany is […]The EU slowly exits from “Excessive Deficit Procedure” and hopefully from ‘Excessive Austerity Procedure’ too
June 6, 2014 by 2 Comments
Earier this week, on the 2nd of June, the European Commission (EC) decided to recommend to the EU Council of Finance Ministers to close the Excessive Deficit Procedure (EDP) for six countries. The reason why Austria, Belgium, Czech Republic, Denmark, the Netherlands and Slovakia must exit EDP is because these countries managed to lower their […]Eurozone has definitely overcome its structural uncertainties
April 25, 2013 by Leave a Comment
Reading the latest statistics on EU member states government deficit and debt, issued by Eurostat, the EU statistical service was a revelation. For the first time the Service noted that, “Eurostat has no reservations, nor did it make amendments on the data reported by Member States”. It was a relieve knowing this after all those […]Hollande decisively rebuffs Merkel’s and Rehn’s austerity policies
March 13, 2013 by Leave a Comment
European Commissioner Ollie Rehn, of Finnish origin (not finished, at least not yet), who has become the EU’s champion of austerity, will find it increasingly difficult to defend his Castle of Miser over the coming months. Yesterday, speaking in an interview to a daily newspaper of his country (on demand?), he playfully unleashed thunders against […]
