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Henry Nicholls - 1 Romano Prodi - 1 Christian Lindner - 1 Giorgia Meloni - 1 Breakingviews - 1 Bruno Le Maire - 1 Olaf Scholz’s - 1 Mario Draghi - 1
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Search resuls for: "Maastricht Treaty"


4 mentions found


☆ EU fiscal pact ignores green elephant in the room
  + stars: | 2023-11-21 | by ( Lisa Jucca | ) www.reuters.com   time to read: +8 min
REUTERS/Henry Nicholls Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - The European Union’s troubled fiscal pact, once branded as "stupid" by former European Commission President Romano Prodi, has reached its sell-by date. Average EU debt has been consistently above the 60% target. NEW COURSEThe proposed revamp of the fiscal pact, now under discussion, is an improvement. BRAVE NEW DEBT WORLDFor all of Brussels’ reforming zeal, Europe’s future debt rules ignore a giant elephant in the room: climate change. Another option is to remove green investments from the fiscal rules’ deficit calculations.
Persons: Henry Nicholls, Romano Prodi, Christian Lindner, Giorgia Meloni, Breakingviews, Bruno Le Maire, Olaf Scholz’s, Mario Draghi, Francesco Guerrera, Thomas Shum Organizations: Trust, REUTERS, Reuters, European, Reuters Graphics Reuters, European Commission, French Finance, EU, Intel, European Central Bank, Italian, Union, Thomson Locations: Green Park, London, Britain, Maastricht Treaty, Germany, it's, Italy, Greece, Brussels, EU, United States, Spain, Europe
☆ The U.S. isn't the only country with a debt ceiling. Here's how Denmark avoids the drama
  + stars: | 2023-05-24 | by ( Elliot Smith | ) www.cnbc.com   time to read: +6 min
U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. Yet in Denmark — the only other democracy with a similar type of nominal debt ceiling — barely anybody knows it exists. Separation of church and state While the U.S. debt ceiling restricts government borrowing to a particular figure, most other economies set debt limits as a percentage of GDP. The Danish debt ceiling, or "gældsloft," was implemented as a constitutional requirement in 1993 after a restructure of the country's government, and set at 950 billion Danish kroner ($137.5 billion). Denmark is the only other country in the world with a debt ceiling comparable to that of the U.S., but it never causes the same political crises that Washington frequently faces.
☆ Trailblazing former UK House of Commons Speaker Betty Boothroyd dies
  + stars: | 2023-02-27 | by ( William James | ) www.reuters.com   time to read: +3 min
[1/2] FILE PHOTO-British Speaker of the House of Commons Betty Boothroyd looks on during her visit to State Duma lower house of parliament October 14. LONDON, Feb 27 (Reuters) - Betty Boothroyd, the trailblazing first female Speaker in Britain's House of Commons, has died aged 93, drawing tributes from across parliament for her distinctive, firm-but-fair style honed over a five-decade political career. She remains the only woman to serve as Speaker in the House of Commons. After retiring from the House of Commons in 2000, she was made a member of parliament's House of Lords upper chamber where she continued to contribute to political debate into her nineties. Tributes to Boothroyd poured in from across the political divide, hailing her formidable parliamentary presence and her personal warmth.
☆ European countries are shelling out huge sums to deal with the energy crunch. Economists fear it could spark a new financial crisis.
  + stars: | 2022-10-20 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +7 min
A new debt crisis could be looming as European countries throw huge sums of money at the energy crisis. Already, the energy crisis is estimated to have cost Europe around 700 billion euros. Combined with a high debt load, that spells trouble, Boskin says, because debt itself is also inflationary. Additional spending and debt from the energy crisis could result in more stress being exerted on the financial system. "I think a debt crisis could very likely ensue given the vast amounts that [are] being spent as a percentage of GDP.
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