Defense Minister: Spending Cuts Put Dutch Security at Risk
Left-wing opposition parties and most Dutch voters don’t mind deeper defense cuts.
Fiscal Issues
Dutch Premier Promises Tax Relief Before Election
Prime Minister Mark Rutte’s liberals are neck in neck with the far-left Socialists in the polls.
Why the United States Will Go Over the “Fiscal Cliff”
Republicans won’t do a deal on taxes unless rates have already gone up.
Paul Ryan’s Budget Plan is Far from Radical
The Wisconsin congressman’s plan doesn’t balance the budget before 2040.
France’s Hollande Putting Off Tough Budget Decisions
François Hollande has raised taxes on the rich but is delaying tough spending and tax measures.
Greek Leaders Debate Cuts, Debt Restructuring Looms
With Greece’s leaders close to a budget deal, European officials consider further debt reduction.
Spain’s Rajoy Announces More Cuts, Tax Increases
The Spanish leader unveils “necessary” austerity measures to bring spending in line with revenue.
Spain Trying to Tax Its Way Out of Recession
Spain sacrifices long term economic progress to short term deficit reduction.
France’s Ayrault Promises Tax Hikes, No Spending Cuts
France’s new prime minister announces income and corporate tax increases, but he rejects austerity.
Japanese Parliament Enacts Controversial Sales Tax
Prime Minister Yoshihiko Noda scores a victory with a consumption tax increase, despite opposition from within his own party.
Romney Urges Spending, Tax Cuts to “Ignite Growth”
The Republican candidate insists “the only solution” is cutting spending.
Respite for Spain, Fiscal Challenges Remain
Spain is offered an extra year to reduce its budget deficit, a target its autonomous regions are unlikely to meet.
Hollande’s Fiscal Policy “Nonsense”: Austria
The policies favored by the French president “got us into this whole mess in the first place.”
Merkel, Rehn Warn Against “Debt Fueled” Growth
The German chancellor and Europe’s top economic official caution against more borrowing.
Labour: America Shows Fiscal Stimulus Works
The British shadow chancellor urged more deficit spending because it’s supposedly been such a success in America.