Hints and tips:
Related Special Reports
...martin.sandbu@ft.com This article has been amended to change ‘countercylical’ to ‘procyclical’ in reference to previous EU fiscal rules Letter in response to this column: Arcane fiscal rules hamper Swiss...
...The rules will have little impact on Germany, the biggest economy in Europe, where a recent constitutional court ruling on national budgetary rules forced the government to reduce its planned spending even...
...Many economists cut their forecasts after last month’s court ruling, which Tomasz Wieladek at T Rowe Price said would create a “fiscal drag” of €20bn-€30bn next year for the EU’s largest economy....
...The Bundesbank seemed to agree that doubts over the government’s fiscal policy were weighing on confidence, saying “uncertainty regarding transformation and climate policy remains elevated”....
...“I do not think that there is any problem regarding the losses other than the fiscal effect for the federal government.”...
...the US’s pandemic fiscal response excessive....
...stringent fiscal orthodoxy in Berlin....
...Will China respect the decision of the Hong Kong court?...
...martin.sandbu@ft.com...
...The outcome could be “a combination of lower government spending than planned so far, no room for any further fiscal initiatives, and some creative ways to still keep as much as possible of the spending...
...Other readables Berlin is hoist with its own ordoliberal petard — my take on the constitutional court ruling against the German government’s climate fund....
...But Mark Wall, chief European economist at Deutsche Bank, said “significantly tighter fiscal policy in Germany”, after the country’s top court left the government with a €60bn hole in its budget, meant its...
...We do think that in addition, it would have been good to have an EU-level fiscal facility like a climate investment fund and also having a stronger EU level enforcement mechanism for fiscal rules....
...katie.martin@ft.com...
...The BoE’s court of directors has commissioned a review from Ben Bernanke, former chair of the Fed, to examine the BoE’s forecasting and communications....
...“If we do nothing, the explosion of debt will paralyse government action, strangle it,” Pierre Moscovici, who heads France’s Court of Audit, told L’Express magazine....
...Packers’ revenue in fiscal year 2022 was $460mn....
...At the time, Sunak said he “fundamentally” disagreed with the court ruling and that the government would seek permission to appeal against the decision at the Supreme Court....
...council and finance spokesman for the County Councils Network....
...Today’s top stories Former UBS and Citigroup trader Tom Hayes failed in his attempt to overturn his conviction for rigging an interest rate benchmark in a London appeals court....
...Other readables It is time for a global anti-corruption court, and lawyers are working on how one should look....
...This could be an ideal time to book a spring break — mine is going to be a long weekend in the delightful English county of Suffolk. But don’t just take my word for it, read the HTSI holiday guide....
...Palestinian foreign minister Riad Malki meets officials from the International Court of Justice in The Hague....
...In 2021, Taoiseach Micheál Martin issued a similar apology for the “profound, generational wrong” done to former residents of Mother and Baby homes, the religious-run, state-funded institutions where unmarried...
International Edition