Free Trial

EC publishes the Autumn fiscal package.......>

EUROPE
MNI (London)
EUROPE: EC publishes the Autumn fiscal package Weds, with its assessment of the
draft budget plans of euro area member states. While Germany
Netherlands,Ireland, Greece, Austria and Cyprus are amongst countries are sees
as compliant with the SGP in 2020, France, Spain, Belgium, Portugal and
unsurprisingly Italy are amongst those at risk of non-compliance. Belgium,
France, Spain and Italy are also seen at risk of non-compliance on the debt
reduction benchmark. Vice-President Valdis Dombrovskis said Member States with
very high levels of debt -- including the named four -- "should take advantage
of the lower interest expenditure to reduce their debt."
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.