European Directorate-General for Economic and Financial Affairs

Ministry: Estonia had budget surplus in third quarter

Estonia, which aims to become the next euro member, had a fiscal surplus in the third quarter as the government cut spending, Estonian finance ministry. The surplus, including the central government and municipalities’ budgets,...

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Fitch warns on 'record' French debt

France's plan for a €35bn £31bn investment blitz on research and hitech projects threatens to push the fiscal deficit above 10pc of GDP and erode the country's safetymargin as a tripleA borrower say credit watchdogs.

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Trichet: ECB will gradually unwind fiscal support measures

PARIS, Nov 19 (Reuters) - ECB President Jean-Claude Trichet said on Thursday the central bank would proceed with a gradual withdrawal of unconventional policies and a top EU official said it was not time to put exit strategies...

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Euro zone to urge China for more flexible FX policy

Top euro zone officials will urge China this month to move towards a more flexible exchange rate policy but it will not be easy to introduce change soon, EU Monetary Affairs Commissioner Joaquin Almunia said on Thursday.

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T he EU's Assembly of Regional and Local Representatives

Donderdag 19 november 2009 | European Union ] Committee of the Regions and Ifo Institute conduct the 3rd Brussels International Economic Forum on the topic "Climate and Growth": Researchers call for a concrete climate policy...

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Merkel's Shadow: Finance Minister Schäuble's Outsized Influence

Finance Minister Wolfgang Schäuble is the most important member of Germany's new coalition government. He insists he is loyal to Chancellor Angela Merkel, but he could prove to be a thorn in her side.

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EU Commission to protect single market-top official

BRUSSELS, Nov 19 (Reuters) - The European Union's executive arm will be taking measures to protect the bloc's single market from governments eager to shield national companies, a senior EU official said on Thursday. 'We will...

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Europe's public finances: Weighed down

The recession has left a fiscal burden that many countries will struggle to shed THE BAD thing for politicians about good news on the economy is that they can no longer avert their eyes from the state of public finances....

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EU's Almunia sees political deal on climate

BRUSSELS (Reuters) - World leaders are likely to reach a political deal on fighting climate change when they meet in Copenhagen next month but it may not be very precise, a senior European Union official said on Thursday.

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Spain's foreign minister denies candidacy as EU foreign policy head

Madrid - Spanish Foreign Minister Miguel Angel Moratinos denied Wednesday that he is a candidate for heading the European Union's foreign policy arm. I am very happy to be Spanish foreign minister, Moratinos, a former European...

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