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Image header Agence Europe
Europe Daily Bulletin No. 13563
Contents Publication in full By article 19 / 30
ECONOMY - FINANCE - BUSINESS / Economy

Public deficit at 2.6% of GDP and public debt at 88.2% in third quarter of 2024 in euro area

In the third quarter of 2024, the average seasonally adjusted general government deficit-to-GDP ratio was 2.6% in the euro area and 2.9% in the European Union, according to data published by the statistical office of the EU (Eurostat) on Wednesday 22 January.

Of the 26 Member States (all except Italy) for which data is available, 5 recorded a budget surplus: Ireland (14.5% of GDP), Cyprus (4.9%), Greece and Portugal (2.2% each) and the Netherlands (0.1%).

The highest deficits were recorded...

Contents

EUROPEAN PARLIAMENT PLENARY
POLAND25EU: Europe, if it believes in its own strengths, is not facing an existential problem, says Donald Tusk 
SECURITY/DEFENCE: calls for European Parliament to strengthen EU’s defence capabilities against “hostile actors”
ENVIRONMENT: MEPs support European Commission’s ambitious position on ‘Plastics Treaty’ in European Parliament
VENEZUELA: EPP, ECR and Renew Europe groups in European Parliament want EU to take direct action against Nicolás Maduro and those close to him
SUDAN: indifference towards ongoing conflict is “moral test” for Europeans, says Magnus Brunner
DEMOGRAPHY: MEPs call on Member States to tackle demographic decline in EU
BELARUS: European Parliament denounces forthcoming sham presidential election
SECURITY - DEFENCE
DEFENCE: European officials call for more spending and strengthening of industry
SECTORAL POLICIES
MIGRATION: ‘innovative solutions’ and response to instrumentalisation of migration at heart of informal ministerial meeting of EU countries
ENERGY: future action plan for affordable energy prices to focus on modernising energy infrastructure
DIGITAL: EU struggles to compete with Donald Trump’s massive AI project Stargate
DIGITAL: timetable for AI liability directive coming into focus
TRANSPORT/INDUSTRY: European citizens are very sceptical about electric vehicles, according to a survey
REGIONS: EU institution representatives committed to giving outermost regions support they deserve
ENVIRONMENT: European Commission will not submit proposal to ban PFASs in consumer products before 2026
AGRICULTURE: 17 EU Member States call for simplification of organic farming rules
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION: in Warsaw, Andreas Schleicher reminds European ministers that academic excellence and inclusion must go hand in hand
ECONOMY - FINANCE - BUSINESS
TAXATION: European experts welcome new rules for withholding tax procedures, but have some concerns
ECONOMY: public deficit at 2.6% of GDP and public debt at 88.2% in third quarter of 2024 in euro area
EXTERNAL ACTION
MIDDLE EAST: European Parliament group leaders hope terms of Gaza ceasefire are respected
INSTITUTIONAL
BETTER REGULATION: BusinessEurope puts forward proposals to reduce bureaucratic burden of 68 legislative texts
LOBBYING: FRENCH net, new network for young French European affairs professionals
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: EU Agency for Fundamental Rights calls for fairer and more inclusive approach to European Green Deal
COUNCIL OF EUROPE
KOSOVO: Council of Europe is concerned about growing polarisation in run-up to February legislative elections
NEWS BRIEFS
AGRICULTURE: Germany to update ‘Agriculture’ Council on foot-and-mouth outbreaks
TRADE/CLIMATE: Eurofer does not want full application of Carbon Border Adjustment Mechanism to be delayed
ENERGY: ACER calls for group of experts to assess flexibility needs of EU electricity system
ENVIRONMENT: published in Official Journal of EU, Packaging and Packaging Waste Regulation applies from 12 August 2026
FISHERIES: MEP Isabelle Le Callennec criticises closure of fishing in Bay of Biscay
TRANSPORT: total value of trade via ‘solidarity lanes’ estimated at around €206 billion since May 2022