European Commission Gives Fiscal Verdicts for Member States

European Commission gives fiscal verdicts for member states

The economic update comes as the EU seeks to boost its competitiveness at a time of uncertainty, faced with Russian aggression and US protectionism.

Commission urges member states to boost R&D investments

EU governments must take action to close the innovation gap with global competitors, according to the European Commission’s annual European Semester report, its main tool for coordinating economic and social policies across the bloc.

European Commission gives fiscal verdicts for member states, with defence looming large

EU Urges Croatia to Speed Up Reforms, Boost Defence Spending, and Cut Energy Costs - The Dubrovnik Times

As part of its 2024 Spring Economic Package, the European Commission has issued five key recommendations for Croatia, calling for accelerated reforms, greater defence investment, and urgent energy measures. Boost Defence Spending: The first recommendation calls for Croatia to raise defence expenditures and make use of the national escape clause, which allows deviation from EU fiscal rules to fund greater defence investments. On Wednesday, the C…

European Commission gives ‘green light’ for Portugal to spend more on defense without affecting the deficit

The European Commission today authorized Portugal to invest more in defense without the risk of facing excessive deficit procedures, approving the activation of the national escape clause under the European Union’s budgetary rules.“During the period from 2025 to 2028, Portugal is authorized to diverge and exceed the maximum rates of growth of net expenditure […], to the extent that the net expenditure exceeding these maximum growth rates does no…