EU
The new EU fiscal rules will restrict budget policy
The failure of several members to markedly improve their public finances after COVID-19 has led to tighter fiscal rules
EUEastern members face EU fiscal deficit procedure
Visegrad Four's budget deficits come under scrutiny as the European Commission renews the excessive deficit procedure
Eastern EuropeG7 summit signals more trade protectionism ahead
The G7 summit confirms that the Western approach to China’s over-capacity and states supporting Russia is hardening
InternationalUkraine peace summit reveals global differences
The summit was a significant initiative, but was hampered by the absence of many countries, most notably Russia
UkraineElection pressures will undermine German government
Defeat for Germany’s three coalition parties in the EU election will make policymaking more arduous
GermanyEU labour costs will reduce scope for more rate cuts
Growth in total labour costs accelerated in the early months of 2024, keeping wage-price spiral fears alive
EUApplication of nature law will vary across EU
One of the EU’s most ambitious climate policies, the Nature Restoration Law (NRL), has received final approval
EUHungary’s Orban may escalate stand-off with EU
The EU’s top court has imposed a hefty penalty on Budapest
Hungary
