Debt

    • Europe heads towards modest growth period

      Europe heads towards modest growth period

      The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021, but at the same time it is heading towards a protracted period of more subdued growth and muted inflation, according to the European Commission's Autumn Economic Forecast presented on Thursday.

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    • Italy needs more time  to cut debt, Conte says

      Italy needs more time to cut debt, Conte says

      The EU should give Italy more time to cut debt and support a plan to reinvigorate investment, PM Giuseppe Conte said after talks with the Commission's President-designate Ursula von der Leyen. He visited Brussels on Wednesday, a day after his new government won the second of two confidence votes in the upper house of parliament and can start to work.

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    • Commission hints that Italy may be punished over debt

      Commission hints that Italy may be punished over debt

      Italy is in breach of EU fiscal rules because of its growing debt, which justifies the launch of a disciplinary procedure, the Commission concluded last Wednesday while presenting European Semester 2019 Spring Package, with recommendations for Member States for the next 12 to 18 months. According to the Commission, Italy had made limited progress in addressing EU economic recommendations and backtracked on necessary structural reforms, which may negatively affect the country's growth potential.

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    • Italy warned over insufficient progress on debt

      Italy warned over insufficient progress on debt

      The European Commission has sent a letter on Wednesday to the Italian government asking for clarification over its insufficient progress made in reducing the public debt and demanding that Italy change course from the current deficit target of 2.04%, or 0.7% of GDP, which corresponds to €11bn.

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    • Greek debt sustainable only medium-term, IMF claims

      Greek debt sustainable only medium-term, IMF claims

      Eurozone debt relief for Greece has made its huge public debt sustainable over the medium term, but debt sustainability in the long-term is rather uncertain, the IMF saidon Tuesday in an analysis. The IMF report shows significant differences with the one that Eurozone countries used to put together their debt relief offer for Athens in June, Reuters reported.

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