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Austerity

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  • 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.

  • Osborne looks determined to stick to his message that Britain is only half-way through the belt-tightening plan he launched in 2010 to fix Britain's still wide budget deficit.

  • *Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.

  • WASHINGTON, March 3- When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.

  • WASHINGTON, March 3- When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.

  • 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.

  • 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.

  • 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.

  • MADRID, Nov 20- Spain's economy is on a strong enough recovery path to achieve three more years of deficit reduction without further spending cuts or tax hikes, the treasury minister told Reuters.

  • 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.

  • 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.

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