Today, the European Commission published its Winter Economic Forecast revealing that the French government is expected to reach a budget deficit of 3.7% of GDP in 2013 and to reduce its structural deficit by 1.3% of GDP. In 2012 France reached a budget deficit of 4.6% of GDP and an annual fiscal effort of 1.2%. […]
EU financial regulation
Tightening of EU derivatives rules to reduce risk welcome but regulatory process must be improved
New rules aimed at tightening the provisions of EU legislation on derivatives (the EMIR regulation) were today given the go-ahead after a draft objection tabled by a group of MEPs failed to get sufficient support (1). The Greens welcomed the outcome, which will ensure the rules, aimed at reducing the risk of these opaque financial […]