In a crucial government statement following the collapse of the Ampel coalition, Chancellor Olaf Scholz emphasized the need to pass significant laws before the February 2025 elections. He defended the dismissal of Finance Minister Christian Lindner and outlined plans to…
François Villeroy de Galhau, Governor of the Bank of France, announced a significant drop in mortgage interest rates, averaging 3.5%, down from over 4%. He encourages potential borrowers to take advantage of the competitive lending environment but clarified that rates…
As Germany grapples with an economic downturn, the economic advisory council, known as the Wirtschaftsweisen, has released its annual report highlighting diverse recommendations for government policy. While there is consensus on the need for financial support, differing opinions persist on…
France is set to increase retirees’ pensions by half of inflation starting January 2025, costing between €500 million and €800 million, according to Budget Minister Laurent Saint-Martin. This decision comes after a compromise with the opposition. As the National Assembly…
During a video address at a campaign event for regional elections in Emilia-Romagna, Italian Prime Minister Giorgia Meloni challenged union leaders over their decision to call for a general strike, questioning why such actions weren’t taken during higher unemployment levels….
French lawmakers are considering the introduction of a second day of solidarity to support the country’s social security system. Currently, a single day is used to fund services for the elderly, generating 2.4 billion euros annually. Advocates argue this additional…
During a meeting with labor unions, Italian Prime Minister Giorgia Meloni outlined the government’s budget strategy, highlighting a €30 billion budget and a projected €38 billion cost for the Superbonus in 2025. This initiative, initiated under the Conte II government,…
As the Italian Parliament gears up to discuss the budget bill, various party factions are mobilizing to propose amendments. Key proposals include increasing minimum pensions, abolishing regulations for financial supervisors, and changing tax policies on Bitcoin. While opposition parties are…
Friedrich Merz, leader of Germany’s CDU, praises a new economic paper from Finance Minister Christian Lindner, claiming it echoes Union proposals. Merz argues for consensus on economic reforms, but reactions from coalition partners SPD and Greens have been lukewarm. Lindner’s…
