CPB Warns: Netherlands to Exceed European Budget Rules, Will Face Punishment? Economists Urge Discipline

CPB Warns: Netherlands to Exceed European Budget Rules, Will Face Punishment? Economists Urge Discipline

The government will spend much more in the coming years than it brings in if nothing changes, says the CPB. The Netherlands will thus exceed new European budget rules. Should we fear punishment? Economists call for discipline. The Netherlands will face large budget deficits in 2026, 2028 and the following years. If policy remains unchanged, … Read more

Geopolitical tensions and interest rates set to make 2024 another turbulent year for global economy

Geopolitical tensions and interest rates set to make 2024 another turbulent year for global economy

As geopolitical tensions rise and interest rates remain at elevated levels, 2024 will be another turbulent year for the global economy. This is especially true for emerging markets, which managed to avoid the crisis in 2023, but may find it difficult to do so again if global growth does not live up to expectations. In … Read more

Latvia Aims to Attract Billions in Investments by 2025: Plans for International Financial Support and Expansion of Capital Market

Latvia Aims to Attract Billions in Investments by 2025: Plans for International Financial Support and Expansion of Capital Market

It is planned to reach the amount of such attracted investments by the end of December 2025. It is expected that the use of financial instruments offered by international financial institutions (European Investment Bank Group, European Bank for Reconstruction and Development, Nordic Investment Bank, Council of Europe Development Bank, International Finance Corporation, Multilateral Investment Guarantee … Read more

EU Budget Reform Agreement: Flexibility and Enforcement Rules Reached

EU Budget Reform Agreement: Flexibility and Enforcement Rules Reached

ANP NOS Nieuws•vandaag, 19:54 The EU countries have finally reached an agreement on the major reform and renewal of the European budget rules. The tight straitjacket of budget and debts can be loosened and there will be more customization. On the other hand, these budgetary rules must be enforced. Until today, the finance ministers of … Read more

China’s Belt and Road Initiative: Challenges and Debt in Africa

China’s Belt and Road Initiative: Challenges and Debt in Africa

Kenya’s standard gauge railway is one of China’s major BRI projects in Africa. But because of Kenya’s high debt, the entire route has still not been built. Die Belt and Road Initiative (BRI), China’s global infrastructure program, will increasingly focus on problematic projects and insolvent borrowers in the future. This is the result of a … Read more

Introducing the Special Climate Fund: What’s Inside and What Does it Mean?

Introducing the Special Climate Fund: What’s Inside and What Does it Mean?

The Senate has introduced the law for a special climate fund. Only: Nobody knows exactly what that means in the end. Will soon have a lot of ashes in the account: Finance Senator Stefan Evers (CDU) Photo: picture alliance/dpa | Annette Riedl What Finance Senator Stefan Evers (CDU) presented last week under the title “Special … Read more

Pakistan Secures $3 Billion Loan from IMF to Avert Default

Pakistan Secures $3 Billion Loan from IMF to Avert Default

Kristalina Georgieva and Shehbaz Sharif Last week the Pakistani Prime Minister met with the Managing Director of the IMF – now the agreement has followed. (Photo: via REUTERS) Lahore Pakistan averted default at the last minute. The government agreed on Friday with the International Monetary Fund (IMF) on a new loan of three billion dollars. … Read more

Corona exception for EU debt rules expires

March 8, 2023 EU Economic Commissioner Gentiloni does not want to go back to the old rules © APA/AFP/JOHN THYS The exceptions to the strict EU debt rules introduced during the Corona crisis are due to expire at the end of the year. This emerges from guidelines for the budget and debt policies of the … Read more

Because hardly anyone wants to donate money to the state

Reichstag in Berlin Anyone who wants can donate money to the state, but hardly anyone wants it. (Photo: IMAGO/serienlicht) Berlin Marlene Engelhorn is a descendant of the BASF company founder Friedrich Engelhorn, will inherit double-digit millions and would like to pay significantly more taxes. With about 60 other millionaires, she is involved in the “taxmenow” … Read more

US average: the worst global bond market of the past 73 years

Global news 49o6Bpbm1R4itemJordan, Iraq, Syria, Lebanon to strengthen agricultural cooperationworld.huanqiu.com 49o5yeOC9leitemExport prohibited! The position of India →world.huanqiu.com 49o5uHk61xritem50,000 → 10,000! Container freight rates have collapsed! The shipping market is now “ice and fire”world.huanqiu.com 49nmLOXyNmZitemMasters of forging for rebirth: paintingmil.huanqiu.com 49nmHetS15OitemWhat is the combat power level? Military experts: Three aircraft carriers meet the People’s Navy minimum … Read more