European Union Passes Budget for 2014 to 2020

After approving the 2014-2020 European budget on November 14 in the European Union’s budget committee, deputies of the EU voted on November 19 in plenary to put the motion into effect on January 1. The budget proposal passed with a vote of 537 to 126 with 19 abstentions. The deal includes a high-level working that uses the […]

Auditors to Hollande: Budget Cuts Can Not Wait

In a sobering audit report from accounting watchdog group Cour des Comptes released Monday, President Francois Hollande was given a stern warning: cut the state budget by $54 billion, or face failing to meet deficit targets. The French government must plug a hole of between €6 billion and €10 billion ($7.6 billion and $12.59 billion) […]