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Trio wins 2025 Nobel Prize in Economics for work on innovation and “creative destruction”

Trio wins 2025 Nobel Prize in Economics for work on innovation and “creative destruction” Trio wins 2025 Nobel Prize in Economics for work on innovation and “creative destruction”
  Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Nobel Prize in Economics for their groundbreaking research on...
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Greenland’s Premier: “The EU and Greenland need each other”

Greenland’s Premier: “The EU and Greenland need each other” Greenland’s Premier: “The EU and Greenland need each other”
  For the first time in history, a Greenlandic leader addressed the European Parliament. Premier Jens-Frederik Nielsen spoke to Members...
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Germany signals openness on frozen Russian assets

Germany signals openness on frozen Russian assets Germany signals openness on frozen Russian assets
  Germany is showing a willingness to discuss new ideas on how to deal with Russian assets frozen in the European Union, Finance Minister...
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Ukraine’s path to the EU: MEPs urge faster reforms and stronger support

Ukraine’s path to the EU: MEPs urge faster reforms and stronger support Ukraine’s path to the EU: MEPs urge faster reforms and stronger support
  Members of the European Parliament (MEPs) have sent a strong signal of support to Ukraine, stressing that the country’s future lies...
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EU reports 400,000 asylum applications in first half of 2025

EU reports 400,000 asylum applications in first half of 2025 EU reports 400,000 asylum applications in first half of 2025
  So, the EU just released new numbers on asylum applications, and things have shifted quite a bit. In the first half of this year, around...
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Europeans call for stronger EU role in security, economy, and global challenges

Europeans call for stronger EU role in security, economy, and global challenges Europeans call for stronger EU role in security, economy, and global challenges
  A new Eurobarometer survey shows that Europeans are looking to the EU to take on a stronger role in protecting citizens and addressing...
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EU lawmakers: Peace in Ukraine must respect international law and the will of Ukrainians

EU lawmakers: Peace in Ukraine must respect international law and the will of Ukrainians EU lawmakers: Peace in Ukraine must respect international law and the will of Ukrainians
  Members of the European Parliament have underlined that any peace agreement on Ukraine must be shaped with Ukraine’s democratically...
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Media Freedom Act now in effect across the EU

Media Freedom Act now in effect across the EU Media Freedom Act now in effect across the EU
  Starting 8 August 2025, all EU countries will enforce the key provisions of the European Media Freedom Act (EMFA), introducing stronger...
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Latest News

Trio wins 2025 Nobel Prize in Economics for work on innovation and “creative destruction”

Trio wins 2025 Nobel Prize in Economics for work on innovation and “creative destruction” Trio wins 2025 Nobel Prize in Economics for work on innovation and “creative destruction”
  Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Nobel Prize in Economics for their groundbreaking research on...
Read More...

Greenland’s Premier: “The EU and Greenland need each other”

Greenland’s Premier: “The EU and Greenland need each other” Greenland’s Premier: “The EU and Greenland need each other”
  For the first time in history, a Greenlandic leader addressed the European Parliament. Premier Jens-Frederik Nielsen spoke to Members...
Read More...

Germany signals openness on frozen Russian assets

Germany signals openness on frozen Russian assets Germany signals openness on frozen Russian assets
  Germany is showing a willingness to discuss new ideas on how to deal with Russian assets frozen in the European Union, Finance Minister...
Read More...

Ukraine’s path to the EU: MEPs urge faster reforms and stronger support

Ukraine’s path to the EU: MEPs urge faster reforms and stronger support Ukraine’s path to the EU: MEPs urge faster reforms and stronger support
  Members of the European Parliament (MEPs) have sent a strong signal of support to Ukraine, stressing that the country’s future lies...
Read More...

EU reports 400,000 asylum applications in first half of 2025

EU reports 400,000 asylum applications in first half of 2025 EU reports 400,000 asylum applications in first half of 2025
  So, the EU just released new numbers on asylum applications, and things have shifted quite a bit. In the first half of this year, around...
Read More...

Europeans call for stronger EU role in security, economy, and global challenges

Europeans call for stronger EU role in security, economy, and global challenges Europeans call for stronger EU role in security, economy, and global challenges
  A new Eurobarometer survey shows that Europeans are looking to the EU to take on a stronger role in protecting citizens and addressing...
Read More...

EU lawmakers: Peace in Ukraine must respect international law and the will of Ukrainians

EU lawmakers: Peace in Ukraine must respect international law and the will of Ukrainians EU lawmakers: Peace in Ukraine must respect international law and the will of Ukrainians
  Members of the European Parliament have underlined that any peace agreement on Ukraine must be shaped with Ukraine’s democratically...
Read More...

Media Freedom Act now in effect across the EU

Media Freedom Act now in effect across the EU Media Freedom Act now in effect across the EU
  Starting 8 August 2025, all EU countries will enforce the key provisions of the European Media Freedom Act (EMFA), introducing stronger...
Read More...

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Italy's Prime Minister Giuseppe Conte has pledged to abide by EU fiscal rules, while insisting his country's financial health is on the mend, despite its

 

The European Commission has sounded the alarm over the deterioration of Italy's public finances, leaving Rome scrabbling to convince it not to go ahead with threatened disciplinary procedures.

The PM stressed, however, the "urgent need to launch a discussion" within the EU on a "profound revision" of the rules.

"The balance of public accounts... cannot be the only reference parameter for economic and social policy", he said.

Conte said the 2019 budget deficit, currently forecast to come in at 2.4 percent of output, would be "significantly better" than expected, and the structural deficit would fall by 0.2 percentage points next year.

The far-right League and anti-establishment Five Star Movement coalition government has enacted two major reforms -- universal income and steps to facilitate early retirement.

But they have cost less than forecast, in part because there has been less demand than expected.

Italy's government risks being hit by unprecedented sanctions for running a huge debt and breaking spending promises to the EU, including a fine of three billion euros ($3.3 billion).

Italy's colossal public debt stood at 132.2 percent of GDP in 2018, well above the 60 percent threshold set by European rules.afp

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