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European Union Blinks in Budget Battle With Italy and France
Keywords:
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.
Grouped Articles
Europe to Vote on Tougher Rules for Currency
New York Times 09/27/2011
Hollande Boosted by French Growth
Wall Street Journal 08/15/2013
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
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
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
New York Times 04/13/2013
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
Italy's 2014 budget
12/24/2013
Grouped Articles
Italy's Senate Approves 2014 Budget
Wall Street Journal 12/24/2013
European Union Blinks in Budget Battle With Italy and France
New York Times 10/28/2014
European Union Gives Belgium, France and Italy Time to Comply on Budget Rules
New York Times 11/28/2014
Plans to cut corporate taxes by 5% and individual income taxes by 12.5% in Spain for 2015-2016, reversing earlier tax increases
06/20/2014
The plan comes as the ruling Partido Popular party faces new parliamentary elections in 2015. This is a significant effort to reverse the austerity measures since 2011. Similiar moves are being made by the new government in Italy to reduce taxes and reverse earlier austerity moves. A new coalition government of the CDU with the Socialist SPD in Germany has created a new climate for these moves to reverse austerity.
Grouped Articles
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
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
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
France's austerity plans and pension reform 2010-2014
06/16/2010
Grouped Articles
New York Times 11/10/2013
Hard times force French to work longer -- to age 62
Washington Post 06/16/2010
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
French Unions Protest Pension-Age Overhaul
Wall Street Journal 09/08/2010
French Senate Passes Pension Bill
New York Times 10/22/2010
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
France's 2014 budget and the deficit
06/23/2010
Grouped Articles
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
Social-Security Woes Vex France's Hollande
Wall Street Journal 11/11/2013
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
France's president Hollande's revision of the 2012 budget
06/23/2010
Grouped Articles
Wall Street Journal 05/29/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
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
Italy's 2013 budget and deficits
05/14/2010
The impact on economic growth of austerity measures.
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
Europe to Vote on Tougher Rules for Currency
New York Times 09/27/2011
Wall Street Journal 05/14/2010
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
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 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 focus on competitiveness by economists, credit ratings agencies, and European leaders as austerity measures alone won't work
02/05/2011
Mario Monti focusses on the need for investing in the economy in an interview with German newspaper Die Welt during a January 2011 visit to Berlin. S&P economists and Nobel winner Stiglitz also emphasize this after a downgrade of France's credit rating- the need for improved competitiveness for the economies of France, Spain Portugal and Italy.
Grouped Articles
New York Times 09/25/2011
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
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
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