French Budget Crisis: Deficit to Rise if New Budget Isn't Approved
French Prime Minister Barnier's resignation leaves France without a 2025 budget, potentially increasing the deficit to 6.3-6.6% of GDP if the 2024 budget is extended, exceeding EU limits and raising debt refinancing costs; a new Prime Minister will be appointed, but a swift budget adoption is improb...
French Budget Crisis: Deficit to Rise if New Budget Isn't Approved
French Prime Minister Barnier's resignation leaves France without a 2025 budget, potentially increasing the deficit to 6.3-6.6% of GDP if the 2024 budget is extended, exceeding EU limits and raising debt refinancing costs; a new Prime Minister will be appointed, but a swift budget adoption is improb...
Progress
36% Bias Score
OECD Report Praises Greece's Economic Progress, Recommends Productivity Focus
The OECD commends Greece's robust economic growth exceeding Eurozone averages, substantial unemployment decrease, increased investment and tax revenue (projected €1.8 billion for 2024 from improved tax collection), and significant public debt reduction; it recommends aligning wage growth with produc...
OECD Report Praises Greece's Economic Progress, Recommends Productivity Focus
The OECD commends Greece's robust economic growth exceeding Eurozone averages, substantial unemployment decrease, increased investment and tax revenue (projected €1.8 billion for 2024 from improved tax collection), and significant public debt reduction; it recommends aligning wage growth with produc...
Progress
52% Bias Score
Trump's $2 Trillion Budget Cut Plan Faces Steep Challenges
President-elect Trump's plan to cut $2 trillion from the federal budget faces significant challenges due to mandatory spending and political realities, echoing the failure of the 1982 Grace Commission.
Trump's $2 Trillion Budget Cut Plan Faces Steep Challenges
President-elect Trump's plan to cut $2 trillion from the federal budget faces significant challenges due to mandatory spending and political realities, echoing the failure of the 1982 Grace Commission.
Progress
48% Bias Score
CITN Endorses Nigerian Tax Reform, Advises Dropping Derivation Principle
The Chartered Institute of Taxation of Nigeria (CITN) endorsed the proposed tax reform bills, advising the Federal Government to remove the derivation aspect to ensure success, citing the government's commitment to tax system overhaul and reduced oil revenue dependency.
CITN Endorses Nigerian Tax Reform, Advises Dropping Derivation Principle
The Chartered Institute of Taxation of Nigeria (CITN) endorsed the proposed tax reform bills, advising the Federal Government to remove the derivation aspect to ensure success, citing the government's commitment to tax system overhaul and reduced oil revenue dependency.
Progress
44% Bias Score
"Greece's Corporate Tax System: A High Price for Small Businesses and Economic Growth"
"Greece's high corporate tax rate (22%), coupled with a 5% dividend tax, disproportionately affects small businesses that often blend personal and business finances, hindering growth and creating a debate over tax fairness and its influence on economic development."
"Greece's Corporate Tax System: A High Price for Small Businesses and Economic Growth"
"Greece's high corporate tax rate (22%), coupled with a 5% dividend tax, disproportionately affects small businesses that often blend personal and business finances, hindering growth and creating a debate over tax fairness and its influence on economic development."
Progress
52% Bias Score
Germany's Slowest Economic Growth Among OECD Nations in 2025
Germany's GDP is projected to grow by only 0.7% in 2025, the slowest among OECD nations, primarily due to weak production, restrictive fiscal policies, and uncertainty surrounding the 2025 budget; this is significantly lower than the 1.1% predicted in May.
Germany's Slowest Economic Growth Among OECD Nations in 2025
Germany's GDP is projected to grow by only 0.7% in 2025, the slowest among OECD nations, primarily due to weak production, restrictive fiscal policies, and uncertainty surrounding the 2025 budget; this is significantly lower than the 1.1% predicted in May.
Progress
44% Bias Score
"Eurozone Economic Growth Revised Downwards, Fragmentation Hinders Collective Action"
"The Eurozone's economic growth is projected to be below 1% in 2024, significantly lower than previously predicted, reflecting structural issues in major economies and leading to fragmented national responses to the crisis, hindering collective action."
"Eurozone Economic Growth Revised Downwards, Fragmentation Hinders Collective Action"
"The Eurozone's economic growth is projected to be below 1% in 2024, significantly lower than previously predicted, reflecting structural issues in major economies and leading to fragmented national responses to the crisis, hindering collective action."
Progress
36% Bias Score
Bond Vigilantes' Potential Resurgence
Ed Yardeni coined the term "bond vigilantes" to describe large investors who influence government policy by strategically buying and selling bonds, impacting interest rates; their potential resurgence is linked to concerns about increased government borrowing under the new administration.
Bond Vigilantes' Potential Resurgence
Ed Yardeni coined the term "bond vigilantes" to describe large investors who influence government policy by strategically buying and selling bonds, impacting interest rates; their potential resurgence is linked to concerns about increased government borrowing under the new administration.
Progress
40% Bias Score
EU Criticizes Hungary's Fiscal Plans for Missing Data
The European Commission criticized Hungary's fiscal plans for missing key information and unreliable data, potentially delaying the assessment until mid-January and risking EU sanctions.
EU Criticizes Hungary's Fiscal Plans for Missing Data
The European Commission criticized Hungary's fiscal plans for missing key information and unreliable data, potentially delaying the assessment until mid-January and risking EU sanctions.
Progress
40% Bias Score
Scottish Budget 2024: Higher Taxes for Thousands, Increased Benefits Spending
The 2024 Scottish Budget freezes higher income tax thresholds, impacting tens of thousands of taxpayers, while increasing benefits spending by £800 million and potentially allowing for unlimited council tax increases; the budget also includes a 40% business rates relief for hospitality but excludes ...
Scottish Budget 2024: Higher Taxes for Thousands, Increased Benefits Spending
The 2024 Scottish Budget freezes higher income tax thresholds, impacting tens of thousands of taxpayers, while increasing benefits spending by £800 million and potentially allowing for unlimited council tax increases; the budget also includes a 40% business rates relief for hospitality but excludes ...
Progress
52% Bias Score
European Budget Crises Trigger Political Instability
Political instability grips Europe as budget disputes in France, Germany, and the U.K. trigger no-confidence votes and threaten government collapses, driven by stricter EU fiscal rules and impacting economic growth.
European Budget Crises Trigger Political Instability
Political instability grips Europe as budget disputes in France, Germany, and the U.K. trigger no-confidence votes and threaten government collapses, driven by stricter EU fiscal rules and impacting economic growth.
Progress
40% Bias Score
North Macedonia's Fiscal Council Proposes Raising Retirement Age to 67
The Fiscal Council of North Macedonia proposed raising the retirement age to 67 for both men and women by 2026 to address a projected deficit in the Public Pension Fund (PIO), a measure opposed by both VMRO-DPMNE and SDSM.
North Macedonia's Fiscal Council Proposes Raising Retirement Age to 67
The Fiscal Council of North Macedonia proposed raising the retirement age to 67 for both men and women by 2026 to address a projected deficit in the Public Pension Fund (PIO), a measure opposed by both VMRO-DPMNE and SDSM.
Progress
52% Bias Score