BRASILIA, Oct 6- A congressional committee in Brazil approved a constitutional amendment on Thursday that would limit public spending increases for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit. Its approval requires two votes in the plenary of the lower house and two more in the Senate, needing a...
LISBON, Oct 6- Portugal aims to narrow its budget deficit to just under 2 percent of gross domestic product next year, its top finance official said on Thursday, in an effort to convince credit rating agencies to maintain their ratings. Heavily indebted, slow-growing Portugal needs to maintain at least one investment grade rating from a recognized rating agency...
Kyriakos Mitsotakis, president of the Greek New Democracy opposition party, says that the current government is "pretending to implement real reforms."
Paul Johnson, director of the Institute for Fiscal Studies, discusses the potential for more austerity driven fiscal policy in British politics.
Only 54 senators are needed to vote for a formal impeachment of Rousseff, with 49 declaring their willingness to do so, says CSIS' Michael Metera.
EDINBURGH, Aug 24- Scotland's fiscal deficit stood at about a tenth of its economy in the year to March 2016, hammered by a slump in oil and gas revenues and potentially dampening arguments for Scottish independence. She said Britain's decision to leave the European Union in a referendum in June, which was not supported by voters in Scotland, was threatening...
George Osborne, the U.K.'s austerity chancellor, was replaced in new Prime Minister Theresa May's cabinet reshuffle.
British finance minister George Osborne warned voters that he will take new austerity measures if they decide to leave the bloc in next week's referendum.
Instead of delivering growth, some neoliberal policies have increased inequality, according to a recent report from the IMF.
Larry Summers, Harvard University professor and former Treasury Secretary, shares his thoughts on deferred debt, the global economy, and trade wars.
Nicos Anastasiades, President of Cyprus, says governments need to achieve budgetary discipline without harming vulnerable members of society.
German Chancellor Angela Merkel, who's usually seen as Europe's indispensable leader, is in danger of losing that role.
After years of working to tighten budgets, European nations are now grappling with whether to boost defense expenditures.
Thousands of protesters in Athens were witnessed throwing petrol bombs and stones during rally.
Neil Shearing, chief emerging markets economist at Capital Economics, explains why the package of spending cuts and tax increases unveiled by Brazil's government isn't helping the economy.
Fariborz Moshirian, director of Institute for Global Finance, UNSW Business School, says the national elections on Sunday will likely lead to "political and finance stability" in Greece.
Monday should have been a good day for Greece with banks re-opening and receiving over 7 billion euros in financing. But turns out, they don't have much to celebrate.
Michael Moran, Managing Director for Global Risk at Control Risks, describes the political trouble the Greek PM is currently in.
Expect serious political fallout following the third Greek bailout, says Warwick professor Haridimos Tsoukas.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.