Business & Finance
EU Rides Out Budget Spat Without Spooking Markets or Ratings
Key Points
Tax & Spend EU Rides Out Budget Spat Without Spooking Markets or Ratings The European Union’s regime for monitoring public finances has arguably just passed its toughest health test since a revamp after the pandemic. In a year when market jitters roiled economies from the UK to Japan, a move by the European Commission to grant a bit more budget room to indebted governments such as Italy hasn’t upset investors, and isn’t causing sovereign analysts to flinch either.
Tax & Spend
EU Rides Out Budget Spat Without Spooking Markets or Ratings
The European Union’s regime for monitoring public finances has arguably just passed its toughest health test since a revamp after the pandemic.
In a year when market jitters roiled economies from the UK to Japan, a move by the European Commission to grant a bit more budget room to indebted governments such as Italy hasn’t upset investors, and isn’t causing sovereign analysts to flinch either.