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ECB Governing Council member Rehn: The liberal democratic systems of many EU economies are facing a test.

2026-09-17

ECB Governing Council member Rehn: The liberal democratic systems of many EU economies are facing a test.

Other News
2026-09-17

The Bank of England expects inflation to reach 3.75% by end-2026.

The Bank of England expects inflation to reach 3.75% by end-2026.
2026-09-18

French Prime Minister Sébastien Lecornu proposed a roughly €54 billion fiscal consolidation plan to restrain budget spending growth through 2027 and prevent further deficit widening. He warned that if next year’s finance bill fails to curb persistent

French Prime Minister Sébastien Lecornu proposed a roughly €54 billion fiscal consolidation plan to restrain budget spending growth through 2027 and prevent further deficit widening. He warned that if next year’s finance bill fails to curb persistent spending growth, the deficit could rise from 5.1% of GDP in 2025 to as much as 6.5%. France faces slowing growth, a split parliament and rising resistance to spending cuts ahead of a presidential election in about seven months, with the opposition unwilling to cooperate. A recent global bond sell-off has pushed the French 10-year OAT spread over German Bunds to about 96 bps, near euro-area crisis highs. The government has cut this year’s growth forecast to 0.5%, below the 0.9% assumed in the 2026 budget; Finance Minister Roland Lescure said the original 5% of GDP deficit target “is no longer feasible."
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