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EU Won’t Reject French, Italian Budgets

Wall Street Journal Original article ›

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France's 2013 budget and the deficit

06/23/2010

The budget has higher taxes on business and the rich to meet deficit reduction goals just as the economy is stalling.

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France Says It Will Miss Budget Deficit Targets

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German Optimism Depends On Spanish Deficits

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France's Lagarde Forecasts Austerity

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Euro Zone Deficit Hits Target for First Time Since 2008

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France's 2015 "no-austerity" budget- adapting to a situation of estimated 0.4% growth for 2014

10/01/2014

Even the focus on "no austerity" leaves 50 billion in euros of cuts which will be pushed into 2016-2017. With the critics of Hollande on the left saying he is undermining France's social welfare model. With inflation at estimated 0.3% in the eurozone for September 2014 this is a perilous time of no growth and deflationary tendencies.

Grouped Articles

France Produces a ‘No Austerity’ Budget, Defying E.U. Rules

New York Times 10/01/2014

France 2015 Budget to Curb Spending

Wall Street Journal 10/02/2014

Merkel Hints at Economic Policy Shift in Germany

New York Times 10/09/2014

How Righteousness Killed the World Economy

New York Times 10/12/2014

French Bravado Being Put to the Test in Eurozone

Wall Street Journal 10/13/2014

Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’

Wall Street Journal 10/14/2014

Frances's president Hollande's plan for investment in education and Shiller's metaphor of "winter on the family farm"

05/19/2012

Shiller evaluates the Hollande plan using the Salant-Samuelson balanced budget theorem and shows that it would increase national income by the amount of the tax on higher incomes. It would create a more productive economy with investment of the type that occurs in winter on the family farm.

Grouped Articles

Heavens, Not Havens

New York Times 04/13/2013

The Emperor Creates No Jobs

Wall Street Journal 05/29/2013

A Proud Nation Ponders How to Halt Its Slow Decline

New York Times 08/24/2013

EU Won’t Reject French, Italian Budgets

Wall Street Journal 10/28/2014

European Union Blinks in Budget Battle With Italy and France

New York Times 10/28/2014

How National Belt-Tightening Goes Awry - Economic View

New York Times 05/19/2012

France's economy in 2010-2014

06/23/2010

The determination in France, as in Britain, to take austerity measures, and to cut the deficit.

Grouped Articles

France Goes Against the Euro-Zone Flow

Wall Street Journal 04/18/2013

Europe to Vote on Tougher Rules for Currency

New York Times 09/27/2011

France Says It Will Miss Budget Deficit Targets

Wall Street Journal 09/12/2013

German Optimism Depends On Spanish Deficits

Wall Street Journal 09/25/2013

S.&P. Downgrade Deals Blow to French Government

New York Times 11/08/2013

Euro Zone Deficit Hits Target for First Time Since 2008

New York Times 04/23/2014

Italy, Spain and austerity measures- 2011-2013

08/08/2011

Analysts point to the austerity measures adopted by Italy and Spain much earlier than other countries in the eurozone. The risk now is cutting into muscle as growth for 2011 is expected to be below 1% in both countries. Italy say analysts is actually in surplus when the interest on debt is excluded.

Grouped Articles

Italy Urged to Resist a Relapse in Spending

Wall Street Journal 05/03/2013

Still Sputtering, Spain Turns Away From Cuts

Wall Street Journal 05/12/2013

German Election Overturns Political Order

Wall Street Journal 09/23/2013

Those Depressing Germans

New York Times 11/03/2013

Saying No to Austerity, Spain Unveils Tax Cuts

New York Times 06/20/2014

European Finance Ministers Support Investment Program

New York Times 09/14/2014

Italy's austerity measures- 2011-2013

06/30/2011

Grouped Articles

Italy Urged to Resist a Relapse in Spending

Wall Street Journal 05/03/2013

How Righteousness Killed the World Economy

New York Times 10/12/2014

EU Won’t Reject French, Italian Budgets

Wall Street Journal 10/28/2014

Being Bad Europeans

New York Times 11/30/2014

Italian Government Advances Austerity Plan

New York Times 06/30/2011

Italy Fears Jolt Markets

Wall Street Journal 07/12/2011

The initiative by Economics ministers Sigmar Gabriel and Emmanuel Macron to seek advice of 2 economists at the Berlin Institute of Governance to restore eurozone growth

10/14/2014

The initiative of the German and French Economics ministers Sigmar Gabriel and Emmanuel Macron to call on lecturers Pisani-Ferry and Henrik Enderlein for advice, comes at a time when Germany's growth has declined to zero or negative in the second half of 2014. Both are critics of Merkel's policies. For the first time Merkel is listening to different opinions and advice even as the government says it is sticking to balanced budgets. Finance minister Schauble continues to say investment should be mostly private. ECB president Draghi has generated the discussion by saying at a Brookings Institution conference in Washington D.C. that governments with fiscal space (referring to Germany) should provide stimulus. He added that eurozone governments that do not listen to new advice about generating growth will be swept away by public opinion. German officials privately say they can understand the Hollande government's situation with favorability ratings of 18% at the lowest level of any postwar French government. The situation is now markedly different from before with Berlusconi's old politics gone in Italy, and Matteo Renzi having obtained the largest mandate of any eurozone leader in the recent EU parliamentary elections, receiving 40% of the vote. Renzi and French premier Manuel Valls are pushing for less austerity reflected in the 2015 French budget now being reviewed in Brussels.

Grouped Articles

Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’

Wall Street Journal 10/14/2014

Germany’s flagging economy: Build some bridges and roads, Mrs Merkel

Economist 10/17/2014

Growth Fears Grip a Divided Europe

Wall Street Journal 10/17/2014

Government Holds Firm in Germany in Face of Weakening Economy

New York Times 10/17/2014

EU Won’t Reject French, Italian Budgets

Wall Street Journal 10/28/2014

European Union Blinks in Budget Battle With Italy and France

New York Times 10/28/2014

The IMF comes out on Spain's side in 2012 saying deficit reduction should have taken into account the weaker economic outlook

09/27/2011

The IMF in April 2012 says cuts in Spain may be too severe and cautioned that austerity measures could push Europe into recession.

Grouped Articles

Still Sputtering, Spain Turns Away From Cuts

Wall Street Journal 05/12/2013

Europe to Vote on Tougher Rules for Currency

New York Times 09/27/2011

German Optimism Depends On Spanish Deficits

Wall Street Journal 09/25/2013

The 'Silent Austerity' in Banking

Wall Street Journal 01/21/2014

Euro Zone Deficit Hits Target for First Time Since 2008

New York Times 04/23/2014

Saying No to Austerity, Spain Unveils Tax Cuts

New York Times 06/20/2014

Italy's premier Renzi's economic policy to generate higher growth to meet deficit targets, and tax breaks to help ordinary Italians hurt by falling incomes

04/09/2014

Incomes of average Italians have fallen to 1998 levels after decades of low growth. Renzi's plan is to help Italians build up savings, add jobless benefits to cushion impact of changing labor laws, tax breaks for business growth, and meet deficit targets through higher growth to satisfy the EU's focus on the deficit.

Grouped Articles

Italy PM Renzi: Cabinet Has Approved Three-Year Budget Plan

Wall Street Journal 04/09/2014

Italy Cuts Income Taxes in Effort to Boost Economy

Wall Street Journal 04/19/2014

Euro Zone Deficit Hits Target for First Time Since 2008

New York Times 04/23/2014

A Warning to Europe

Wall Street Journal 05/27/2014

Matteo Renzi Needs to Look Out for Italy First

Wall Street Journal 07/07/2014

The world economy: Wealth without workers, workers without wealth

Economist 10/06/2014

Issues of funding for services and infrastructure, immigration, women's issues, take centre stage in Sweden's 2014 parliamentary elections

09/14/2014

Sweden's centre right government loses the 2014 election with 39.3% of the vote, the Social Democrats allied to the Green Party win about 43.7% of the vote. A far right party calling for 90% cuts in immigrant integration funding doubles its vote. Immigrants mainly from war torn Syria, Iraq and Somalia. The increased voting for the far right comes mainly from the centre right government party. The women's party gets 3.1% of the vote. The Social Democrats argued that the centre right government had pursued policies that were leading to a deterioration in services, education and infrastructure through its austerity programs. Sweden's centre right government had supported the policies of Germany's Angela Merkel for tight control on spending.

Grouped Articles

Sweden Takes a Left Turn After 8 Years of Rightist Rule

New York Times 09/14/2014

European Finance Ministers Support Investment Program

New York Times 09/14/2014

Scandinavians Split Over Syrian Influx

New York Times 09/19/2014

Merkel Hints at Economic Policy Shift in Germany

New York Times 10/09/2014

Germany’s flagging economy: Build some bridges and roads, Mrs Merkel

Economist 10/17/2014

EU Won’t Reject French, Italian Budgets

Wall Street Journal 10/28/2014


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