LONDON, Dec 5- British finance minister George Osborne celebrated a sharp turnaround in the economy as vindication of his push to fix a gaping budget deficit on Thursday but he said he would not relax his austerity grip in the years ahead.» Read More
WASHINGTON, Oct 30- Tax increases, spending cuts and a stronger economy nearly sliced America's budget deficit in half in fiscal 2013, lowering it to the lowest level since 2008, Treasury Department data showed on Wednesday.
LONDON, Oct 22- Britain's finance minister vowed to stick to the path of austerity, saying economic recovery on its own would not be enough to fix the budget deficit and the causes of over-spending still needed to be addressed.
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.
TUNIS, Oct 20- Political unrest has hurt Tunisia's growth outlook but it will stay committed to cutting the state budget deficit next year, while relying on foreign aid to fill a large external financing gap, Prime Minister Ali Larayedh told Reuters.
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.
NEW DELHI, Oct 3- India's finance minister may have to slice at least 200 billion rupees from government spending to prevent a budget blow-out, which could threaten to send the country's credit rating into "junk" status, two ministry officials said.
MANCHESTER, England, Sept 30- Finance minister George Osborne promised he would continue to cut spending to wipe out Britain's budget deficit if the Conservatives won the 2015 election, but signalled there could be more money for infrastructure investment.
NEW YORK, Sept 27- U.S. stocks declined on Friday, with the S&P 500 and Dow on track for their first weekly drop in four, as debt and budget negotiations by lawmakers in Washington continued.
NEW YORK, Sept 27- U.S. stocks fell on Friday, with the S&P 500 and Dow poised to drop for the first week in four, as concerns grew over a lack of compromise in debt and budget negotiations by lawmakers in Washington. Congress has yet to forge an agreement that would keep the U.S. government running and avoid a debt default.
NEW YORK, Sept 27- U.S. stocks were set to fall at the open, with the S&P 500 and Dow poised to drop for the first week in four, as concerns grew over a lack of compromise in debt and budget negotiations by congressional lawmakers in Washington.
WASHINGTON, Sept 27- U.S. household spending rose in August as incomes were buoyed by solid wage gains, signs that momentum could be growing in the U.S. economy despite months of harsh government austerity.
WASHINGTON, Sept 25- Orders for long-lasting U.S. manufactured goods barely grew in August in a possible sign that companies are holding back on investments due to uncertainty over government spending.
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.
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.
Stephane Pedrazzi previews the French budget which is set to focus on spending cuts rather than tax rises.
Mark Grant, Southwest Securities, explains why the euro zone still has some tough economic challenges to face, as Europe grapples with lingering financial liabilities.
Yiannis Millios, economic advisor to Greece's SYRIZA Party, tells CNBC that the country needs to "change course", have new elections and negotiate for a new debt agreement with a "growth clause".
Elena Panaritis, economist and founder at Thought 4 Action, says Greece should reform its governance system to stem the growing social discontent and rise of the far right.
Nikos Christodoulakis, former Greek finance minister, tells CNBC that Greece needs money from the European Union in the form of structural funds and new private investment. .