Fiscal policy
French public debt over 2.0 trillion euros for first time
France's public debt has topped the symbolic level of 2.0 trillion euros for the first time, according to official data Tuesday, putting Paris on a fresh collision course with the European Union.
VAT to increase if savings measures prove unsuccessful
BELGRADE - VAT may increase by three to four percent in Serbia in case savings measures do not produce the expected effects, economic experts said on Thursday.
The Serbian government announced only the 2015 savings programme with plans for budget deficit reduction by EUR 700 million, professor of the Belgrade Faculty of Economics Milojko Arsic said.
New austerity measures to follow budget revision
BELGRADE - The implementation of the new austerity measures, including cuts for pensions and salaries in Serbia's public sector, will start a few weeks after the adoption of a budget revision for 2014, which will be tabled to the parliament in mid-October, Finance Minister Dusan Vujovic announced on Sunday.
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Dacic: Living off debt no longer possible
BELGRADE - Serbia has exhausted all possibilities of living off debt, Serbian Deputy Prime Minister Ivica Dacic said on Saturday, adding that the coalition that he is heading fully agrees with the austerity measures.
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Vulin: Tough, but only solution
BELGRADE - The measures presented by Prime Minister Aleksandar Vucic had been expected and are a tough, but also the only solution that can enable citizens to live better from 2016, Serbian Minister of Labour, Employment, Veteran and Social Affairs Aleksandar Vulin said on Friday.
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Yield eases in fresh Greek T-bill sale
Greece sold 1.3 billion euros of three-month treasury bills on Tuesday to roll over a maturing issue, the Public Debt Management Agency said.
The T-bills were priced to yield 1.70 percent, down five basis points from a previous sale in August the lowest funding cost since January 2010, when the debt agency sold three-month treasury paper at 1.67 percent.
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Hardouvelis sees great interest abroad in investing in Greece
Finance Minister Gikas Hardouvelis said in a television interview aired on Monday that Greece needs money to start flowing into the country, «and a way to achieve that is privatizations."
Serbian Government Discusses Pension and Salary Cuts
Serbian government officials met representatives of the IMF on Monday to discuss the austerity measures that will be included in a new draft of the revised budget for 2014-15 that is supposed to be sent to parliament on September 15.
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PM eyes relief from austerity, post-memorandum plan
Opening the annual Thessaloniki International Fair (TIF) on Saturday, Prime Minister Antonis Samaras is expected to announce a series of tax breaks as well as a long-term growth plan in a bid to win round austerity-weary citizens and boost the fortunes of his coalition government as the leftist opposition remains intent on forcing early elections.
Rumen Porozhanov: Revised 2014 Budget Gap Seen at 2.6%-2.8%
Bulgaria's caretaker government plans to propose to parliament that will be formed after October 5 snap vote to raise this year's budget deficit to just below 3% of GDP.
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