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Austerity

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  • France 'needs to start austerity': Scor CEO     Wednesday, 27 Aug 2014 | 11:05 AM ET

    Denis Kessler, CEO of Scor, says the French cabinet reshuffle is an "historical event" but that it comes "very late" and that France needs to start an austerity program.

  • *France has until 2015 to bring its deficit to 3 pct of GDP. PARIS, July 22- France will not accelerate cuts in public spending even though disappointing growth could make it difficult to meet EU fiscal targets, President Francois Hollande said.

  • UPDATE 1-Spain to cut taxes to boost nascent recovery Friday, 20 Jun 2014 | 10:52 AM ET

    MADRID, June 20- Spain announced on Friday it would cut income tax and reduce corporate tax to 25 percent for large companies by 2016, aiming to speed up a nascent economic recovery.

  • MADRID, June 20- Spain will propose tax cuts for workers and companies as part of a fiscal reform due to be unveiled on Friday aimed at boosting the nascent economic recovery, according to a source close to the Treasury Ministry.

  • Did Spain do 'too much, too soon'?     Monday, 2 Jun 2014 | 2:15 AM ET

    Huw Pill, chief European economist at Goldman Sachs, says there is a need for further consolidation in Spain but argues that the country might have done "too much too soon".

  • LISBON, April 30- Portugal's government expects to have room to start reversing public sector salary cuts from 2015 while maintaining its budget deficit reduction targets after the end of its international bailout next month.

  • TRIPOLI, April 23- Libya plans deep austerity measures to tackle a budget deficit expected to reach up to 10 billion Libyan dinars this year due to rebel blockades which have strangled oil production, a senior lawmaker told Reuters. Libya traditionally runs large surpluses thanks to oil export revenues.

  • DUBLIN, April 15- Ireland nudged up its growth forecasts for 2014 and 2015, reversing a trend of downgrades over recent years but the government is sticking with planned tax increases and spending cuts to reduce a still high budget deficit.

  • NEW DELHI/ MUMBAI, April 8- From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.

  • The Ukrainian economy has collapsed says Pavlo Sheremeta, Ukraine's economy minister, adding that the country now needs to quickly design and implement an austerity program.

  • We have our own drones too: Deutsche Post CEO     Thursday, 23 Jan 2014 | 2:15 AM ET

    Frank Appel, CEO of Deutsche Post DHL, says the company has its own drones, after Amazon revealed it was testing drones to deliver packages last year.

  • Is it Asia's turn for austerity this year?     Tuesday, 7 Jan 2014 | 7:17 PM ET

    Rob Subbaraman, Chief Economist, Asia ex-Japan at Nomura, says Asia has seen a deterioration in fundamentals over the past five years and must implement painful supply-side reforms.

  • The euro was a 'straightjacket': Zapatero     Tuesday, 26 Nov 2013 | 11:45 AM ET

    Former Spanish Prime Minister Jose Luis Rodriguez Zapatero says the euro was a "straightjacket" for Spain at the beginning of the crisis.

  • Euclid Tsakalotos, member of the Greek parliament for Syriza, discusses the Greek bailout and says creditors hope the country is not on track, as it allows them to pile on the pressure for more reforms.

  • António Pires de Lima, Portugal's Minister of Economy, says that the higher financing costs for Portuguese companies are unfair, and that it's time for the banking union to be implemented.

  • Antonio Pires de Lima, Portugal's economy minister, reiterates Portugal's commitment to reach its deficit target and says the government has made sure to comply with the constitution when drafting its budget.

  • Europe shouldn't be 'Germanised': Pro     Friday, 4 Oct 2013 | 4:45 AM ET

    Guiliano Noci, associate dean at MIP Politecnico di Milano, argues that nothing has changed in Italy following the confidence vote, and that Germany should change its approach to southern European countries.

  • Karine Berger, Member of Parliament for the socialist party & member of Finance Commission at the National Assembly, tells CNBC that they want to sustain growth and recovery in France next year.

  • Is the French budget a hit or a miss?     Wednesday, 25 Sep 2013 | 1:30 AM ET

    Maxime Alimi, Euro area economist at AXA IM, tells CNBC that if you look at the numbers, French government spending will still be up, just not as high as it was before.

  • France to cut spending, but will it be enough?     Wednesday, 25 Sep 2013 | 1:26 AM ET

    Stephane Pedrazzi previews the French budget which is set to focus on spending cuts rather than tax rises.