Heated coalition talks: Brussels brings clarity to the budget chaos!
Heated coalition talks: Brussels brings clarity to the budget chaos!
In an exciting week for Austrian politics, decisive consultations are on the agenda. On Tuesday, December 19, 2024, the control groups of the NEOS, ÖVP and SPÖ meet to discuss the financial data from Brussels that are of central importance for the planned formation of government. Beate Meinl-Reisinger, the chairwoman of the NEOS, will present a catalog of claims that could possibly have far-reaching consequences for the coalition negotiations. The current EU data also lag light on the Austrian budget and could result in critical discussions about the impending deficit procedure of the European Union. According to the Krone , the budget deficit is already above the Maastricht criterion of three percent of GDP, and it is speculated that the SPÖ wants to achieve more financial scope in the negotiations through a possible deficit procedure.
political tension in France
At the same time, the situation in France is becoming more and more precarious, since Prime Minister Michel Barnier vividly promoted support for his reforms expected by the EU in his speech in front of the National Assembly on Tuesday. He spoke of the impending consequences of a budget crisis with a dramatic appeal and warned of a deficit of 6.2 percent of GDP by 2025, as from Euractive reported. Barnier announced a drastic increase in tax for large companies and the upper of the company to combat the deficit and to meet the expectations of citizens. It is particularly revealing that Barnier has to cooperate with the right opposition in order to secure the political stability of his government he briefly led.These developments in Austria and France show how closely political and economic issues are linked. Both negotiations on the budget in Vienna and the challenges in Paris are the focus of European politics, whereby national governments are under the pressure of the EU to protect their budget discipline. The coming days will be decisive whether stable solutions can be found in both countries or whether political uncertainty continues to increase.
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| Ort | Brüssel, Belgien |
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