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Finance minister says nation needs ‘wake-up call’ on excessive spending
Experience shows that joint financing of public goods works
Main driver of growth is Flanders where sectors including life sciences and fintech are flourishing
PMI indices continue to rise across the UK and eurozone while downturn in manufacturing eases
Rules may be so harsh that they could actually backfire for society and markets
Comments indicate central bank is likely to keep markets guessing on timing and scale of easing
Also in this newsletter: shake-up at Deloitte, FT survey on US interest rates, Autonomy founder on trial
Lower prices for energy imports and increased exports boost Europe’s performance
Ireland’s open economy makes country disproportionately dependent on air travel
Many EU countries with biggest shortfalls have high levels of debt and budget deficits
China Chamber of Commerce to EU fears that bloc’s rules agreed on Friday will cause ‘increased bureaucracy’
Gap between the countries’ borrowing costs narrows while investors position for interest rate cuts
Socialist premier forced to roll over budget as MPs approve amnesty bill for region’s separatists
Eurozone central bank announces one of biggest overhauls of its connections to financial system for a decade
Federal agency chair confident that workers who lose jobs in sectors such as carmaking will find jobs elsewhere
Silicon Box to create hundreds of jobs in industrialised north as EU seeks to reduce dependence on China
Washington reaps benefits from green fiscal stimulus, rehiring and surge in new businesses
New data gives policymakers confidence they can cut rates by the summer
Thefts of ‘liquid gold’ surpass those of ‘ibérico’ ham, cured cheeses and alcohol in most Spanish regions
ECB president wants ‘more evidence’ to be sure inflation has been tamed and says it will have ‘a lot more’ data in 3 months
DIY GDP
Finance minister Bruno Le Maire says budget shortfall for 2023 is ‘significantly’ above the targeted 4.9% of GDP
Employees complain after executive said new recruits had to be ‘reprogrammed’ to support green policies
Hawkish policymakers are expected to rebuff pressure to ease monetary policy when the central bank meets on Thursday
Also in this newsletter: left-wing firebrand George Galloway wins by-election, and the damage Covid-19 does to memory
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