Tuesday

21st Aug 2018

Ticker

France's deficit under 3% for first time in 10 years

France's deficit was 2.6 percent of GDP in 2017, compared to 3.4 percent in 2016, the French statistics office said Monday. It is the first time since 2007 that the deficit is under the three percent target required by EU rules. France, along with Spain, is one of the two EU countries still under an excessive deficit procedure and 2017 was the last deadline to avoid a sanction procedure.

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Focus

EU-China cooperation on CO2 storage lost in limbo

A long-standing cooperation between the EU and China on carbon capture and storage has fallen off the political agenda – with the European Commission not having any comment available when asked for an update.

Analysis

Greece exits bailouts, but difficult path ahead

"Greece's recovery is not an event, it is a process," EU commissioner Pierre Moscovici says. Statistics, and differences of views between the country's creditors, show that the process will not be easy.

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