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Daily Briefing| October 29 2015

Euro-area fiscal policies will not find common ground Available to Purchase

Oxford Analytica
Oxford Analytica
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Publisher: Oxford Analytica
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
Expert Briefings (2015)
https://doi.org/10.1108/OXAN-DB206276
Significance

This follows the submission by euro-area countries of their 2016 draft budgetary plans (DBPs), in compliance with the Stability and Growth Pact (SGP). The Commission will release its judgements by end-November. DBPs can be deemed 'compliant', 'broadly compliant' or 'at risk of non-compliance'.

Impacts

Under October 21 plans, the Commission will pursue more transparency for economic forecasts and surveillance decisions.

The ongoing recovery and the Commission's flexible approach will support fiscal consolidation efforts.

Submission of Portugal's DBP remains subject to the fate of newly reappointed centre-right Prime Minister Pedro Passos Coelho.

The Spanish government will have to submit a revised budget following the Commission's early judgement in its case.

Keywords:
EU, EUR, Austria, Belgium, Cyprus, France, Greece, Ireland, Italy, Lithuania, Portugal, Slovenia, Spain, Estonia, Finland, Germany, Latvia, Luxembourg, Malta, Netherlands, Slovakia, EURO-AREA, economy, bonds, capital flows, debt, emergency, exchange rate, finance, fiscal, foreign investment, foreign trade, government, growth, immigration, infrastructure, investment, public sector
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
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