trending Market Intelligence /marketintelligence/en/news-insights/trending/_EQ-KyqDLlxy3PB-qKvNnA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

EU demands budget clarifications from France, Italy

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


EU demands budget clarifications from France, Italy

The European Commission warned Italy, France, Spain, Portugal and Belgium that their draft budgets for 2020 could be in breach of the bloc's fiscal rules.

In a letter dated Oct. 22, the EU told the Italian government that its proposed structural balance in 2020 amounting to a reduction by 0.1% of GDP falls short of the bloc's recommended structural adjustment of 0.6% of output.

The EU also sought clarification of why Italy plans to grow net primary government expenditure by 1.9% instead of cutting it by at least 0.1%. Rome avoided a budget disciplinary procedure from the bloc in July.

The EU also sent a warning to France, saying that parts of the country's budget-policy obligations are not in line with the EU's rules on public debt. French President Emmanuel Macron plans to increase spending and cut taxes in a bid to revamp the economy and forestall another widespread national protest, which first erupted in 2018.

Separate letters were sent to Spain, Portugal and Belgium. All five countries submitted their drafts to the EU earlier this month, giving the bloc until November to assess whether their proposals are compliant with its rules.

EU countries are not supposed to have a deficit of more than 3% of GDP or debt over 60% of output, according to the bloc's rules.