Europe round-up: Sapin says France to meet Budget targets for first time in years, and more

18 Sep 15

A round-up of public finance news stories from Europe you might have missed.

Sapin says France to meet Budget targets for first time in years

French Finance Minister Michel Sapin said the nation will meet its deficit-reduction commitments for the “first time in years.” (Bloomberg)
 

Why leaving the euro is back on the agenda in the Greek election

Opinion: Greece leaving the euro is old news. Since the former Greek prime minister, Alexis Tsipras, agreed to a third bailout in July, the perception of Grexit as an immediate threat has subsided – or at least disappeared from commentary. (The Conversation)

 

Sweden to boost spending on incoming refugees

The Swedish government said it would increase spending on refugee admissions in its upcoming fall budget as Europe mulls how to tackle an ongoing migration crisis. (Business Standard)

 

Fed isn’t only decision troubling Turkey as Fitch weighs rating

Talk about bad timing. In the throes of a worsening conflict with Kurdish and Islamic State militants, looming elections and the potential fallout from higher U.S. interest rates, Turkey is due for its scheduled checkup at Fitch Ratings this week. (Bloomberg)

 

Can EU countries still afford their welfare states?

As German Chancellor Angela Merkel is fond of repeating, the EU accounts for just 7% of the world's population and a quarter of its gross domestic product (GDP) but as much as half of its welfare spending. (BBC News)

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