France asks help from Germany but it will not be for free

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

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 […]

Hollande decisively rebuffs Merkel’s and Rehn’s austerity policies

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 […]