MADRID, Dec 2- Spain's minority government has agreed to raise the minimum wage and regional deficit targets, seeking to placate the Socialist opposition in a bid to win Parliamentary support for the first step of the 2017 budget. The long-delayed budget, which will aim to bring down one of Europe's largest public deficits, was put on hold after two inconclusive...
BUENOS AIRES, Nov 30- Argentina's Senate on Wednesday approved the 2017 budget proposed by the new center-right government, paving the way for a lower fiscal deficit once President Mauricio Macri signs the bill into law. The Senate passed the bill 59-8, a sign Macri still has support in Congress even though his party does not having a majority and the economy has...
KUWAIT, Nov 27- Opposition candidates are estimated to have won around 20 seats out of 50 in Kuwaiti elections that saw most parliament members replaced, in a vote analysts said reflects anger at austerity measures to curb a budget deficit. Analyst Ibrahim al-Hadban said the election campaign had shown that some of the decisions taken by the government were not...
British Finance Minister Phillip Hammond should "play it safe and wait for ... the fog to clear" post-Brexit, says Simon Wells, chief UK economist at HSBC.
*Germany is only big state not hitting EU fiscal limits. BRUSSELS, Nov 16- The European Union effectively urged the German government to spend more in an election year as Brussels moved further away on Wednesday from its mantra of austerity, pushing for euro zone countries to loosen their budgets for 2017.. But since France, Italy and Spain are among those butting...
BRUSSELS, Nov 16- The European Commission said on Wednesday it will not suspend EU funds for Spain and Portugal next year following their breach of EU budget rules, as it also called for looser fiscal policy across the euro zone. Spain and Portugal were found in breach of EU fiscal rules last year, but the Commission has concluded there is no need to sanction them as...
*Budget deficit reduction set to exceed original plan. *Foreign borrowing channel eases pressure on currency. RIYADH, Nov 3- Saudi Arabia has avoided an economic crisis due to low oil prices this year but the outlook for state finances and growth will remain murky for many months to come, businessmen and analysts in the kingdom say.
The flagship measure in President Michel Temer's effort to restore Brazil's fiscal discipline cleared the lower house of Congress last week and the government is confident it can win Senate approval by mid-December. Senator Eunicio Oliveira, Senate leader for Temer's Brazilian Democratic Movement Party, said Brazil was running out of time to put its books...
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.
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.