HELSINKI European Union finance ministers backed on Saturday a simplification of the EU's fiscal rules to make them more transparent and predictable, but more work is needed before any changes are agreed, a senior European Commission official said.
* Discussions likely to take a long time before rules
HELSINKI Euro zone finance ministers are not planning any joint fiscal stimulus to complement the European Central Bank's monetary package, but they are ready to act if the economy takes a turn for the worse, their chairman said on Friday.
HELSINKI Italy is unlikely to clash with the European Union over its draft budget for next year because the new government in Rome is more likely to play by EU fiscal rules than the previous one and Brussels does not want it to fail, officials said on Friday.
HELSINKI, Sept 13 France proposed a "growth
compact" for the euro zone economy on Friday, a day after the
European Central Bank called on governments to use fiscal policy
in addition to the bank's latest monetary stimulus package to
support slowing growth.
BRUSSELS The European Fiscal Board on Wednesday proposed a radical simplification of the European Union's highly complex fiscal rules to help make public finances more sustainable while stabilising economies throughout business cycles.
BRUSSELS Italy can only bring down its large public debt only if it combines reasonable fiscal consolidation with economic growth, the head of the International Monetary Fund's European department Poul Thomsen said on Tuesday.
BRUSSELS The European Commission on Wednesday will propose financial help for European Union businesses, workers and farmers if Britain crashes out of the bloc without any agreement, a document seen by Reuters said.
BRUSSELS Euro zone economic growth halved in the second quarter and inflation slowed sharply in July, reinforcing market expectations that the European Central Bank will further ease monetary policy in September. | Video
CHANTILLY, France The governor of the Bank of England, Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the International Monetary Fund, European officials said on Thursday, as the European Union was considering four other names for the job.