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Image header Agence Europe
Europe Daily Bulletin No. 13738
Contents Publication in full By article 11 / 19
ECONOMY - FINANCE - BUSINESS / Economy

Average government deficit of 2.7% and government debt of 88.2% of GDP in euro area in second quarter

In the second quarter, the seasonally-adjusted government deficit stood at 2.7% of GDP in the euro area, identical to the figure for the first quarter, and at 2.9% in the European Union, compared with 2.8% in the previous quarter, according to data published by the EU’s statistical office (Eurostat), on Tuesday 21 October.

Of the 26 Member States for which data are available, the government deficit remains above 3% of national GDP in the following thirteen countries: Slovakia (3.1%),...

Contents

SECTORAL POLICIES
DIGITAL: DSA - European Commission criticises TikTok and Meta for opaque social network reporting systems
CLIMATE: climate target 2040 - Danish Presidency of Council of EU working to “advance conclusions” of European Council before 4 November
ENVIRONMENT: Environmental NGOs deplore postponements and exemptions proposed by European Commission for ‘anti-deforestation’ regulation
Russian invasion of Ukraine
MIGRATION: Member States discuss European Commission’s voluntary return programme, with intentions to return declining among Ukrainian refugees
EXTERNAL ACTION
MOLDOVA: European Council calls for progress on country’s EU accession process
UZBEKISTAN: EU signs Enhanced Partnership and Cooperation Agreement with Tashkent
DEVELOPMENT: EU and 79 African, Caribbean and Pacific countries reaffirm their commitment to San Francisco Charter, 80 years after its ratification
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
HOUSING: Member States to finalise their conclusions on housing before presentation of European Commission’s plan
ECONOMY - FINANCE - BUSINESS
EURO AREA: euro area leaders call for swift conclusion of legislative work to establish digital euro project
MONEY LAUNDERING: colleges of supervisors can still improve effectiveness, says EBA
ECONOMY: average government deficit of 2.7% and government debt of 88.2% of GDP in euro area in second quarter
TAXATION: ETAF calls for tax advisers’ professional secrecy to be explicitly enshrined in European law
EUROPEAN PARLIAMENT PLENARY
CULTURE/MEDIAS: AVMS Directive - MEPs question Commission on defending European cultural sovereignty from US threats
ENERGY: MEPs back delegated act on low-carbon hydrogen
NEWS BRIEFS
CHINA: European Council asks European Commission for solutions to resolve trade disputes with Beijing
COLOMBIA: WTO asks Bogotá to withdraw its anti-dumping duties on Belgian, German, and Dutch frozen chips
JUSTICE: at request of EPPO, seven suspects arrested for VAT fraud worth €48 million
MIDDLE EAST: European leaders salute efforts to stabilise economy and security in Lebanon
SOCIAL: European Labour Authority launches information campaign on rights of mobile workers