European Commission president José Manuel Barroso today said he had ‘no doubt’ Spain would comply with the new eurozone fiscal compact, although its deficit has risen.
Policies aimed at reducing rural poverty in the developing world should focus on improving productivity in the agricultural sector, the Organisation for Economic Co-operation and Development has said.
Portugal moved a step closer to receiving its next tranche of bailout funding yesterday, after the European Commission, European Central Bank and International Monetary Fund said its deficit...
Governments need to lay the foundations for a stable and lasting economic recovery by dealing with fiscal deficits, enabling growth and encouraging talent in the workforce, PricewaterhouseCoopers...
Developing countries must do more to create the right business conditions to raise the capital needed for major public-private infrastructure projects, according to the World Bank Institute.
Finance ministers from the world’s leading economies will wait until the eurozone countries commit more money to protect the single currency before agreeing to bolster the International Monetary Fund...
European Commission plans to withhold €495m of Hungary’s funding for 2013 over its failure to reduce its budget deficit are ‘unfounded and unfair’, the country’s government said yesterday.
The European Commission has slashed its 2012 growth forecasts for both the European Union and eurozone and said it now expects the 17 countries using the single currency to experience a ‘mild...
Finance ministers from three European Union countries yesterday voted against formally signing off the EU’s 2010 accounts after they were qualified for the seventeenth year running.
The €130bn Greek bailout deal agreed yesterday provides a ‘comprehensive blueprint’ for putting the country’s public finances and economy back on a stable footing, according to European Union finance...
The European Commission has begun assessing whether International Public Sector Accounting Standards are suitable for adoption by all European Union member states.
Gross domestic product for both the eurozone and the European Union as a whole fell by 0.3% over the last three months of 2011, Eurostat said yesterday.
A global coalition of more 50 charities and campaign groups has called for developing countries to be given a ‘central role’ in the selection process for the next president of the World Bank.
Whole of Government Accounts need to include all bodies that affect the financial position of the government, according to the Public Accounts Committee.
European Union countries’ government debt increased to 82.2% of their gross domestic product at the end of September 2011, according to the EU’s statistical service.
Giving overseas aid directly to poor communities rather than through governments brings ‘real benefits’ and it is surprising the Department for International Development does not use this approach...
European Union support has helped prepare Croatia for membership next year but ‘significant challenges’ remain, the European Court of Auditors said today.
European Union leaders need to be ‘bolder’ in how they tackle the eurozone crisis, reduce budget deficits and encourage growth, Prime Minister David Cameron said today.
The United States government must take decisive action now to reduce its debt and budget deficit and improve financial accounting and reporting, according to former US comptroller general David...
