Government finance news and stories by mail.com

Government finance

Slovenia adopts debt cap to stave off crisis
Slovenia's parliament on Friday imposed a cap on public spending in an attempt to convince foreign investors that the small eurozone country will not ...
France won't force companies to cap executive pay
The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the ...
Top Swiss negotiator in tax disputes steps down
Switzerland's top negotiator in talks to resolve disputes over tax evasion with Europe and the U.S. is stepping down. The Finance Ministry said Friday ...
ECB's Draghi: 'Imperative' to set up new bank body
European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted ...
Greeks to see no tax relief until budget improves
Greece's conservative-led government can't lower taxes before the public deficit falls further, the prime minister said Thursday, but he pledged to ...
Spain pays higher interest rates in bond auction
Spain has had to pay higher interest rates to auction off 4 billion euros ($5.2 billion) in governments bonds as financial markets were unnerved by ...
Fiat Industrial aims to shift tax home to Britain
Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves ...
EU steps up fight against tax evasion by end 2013
The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the ...
Turkey enacts tax amnesty
Turkey's parliament has launched a tax amnesty in an attempt to lure back citizens' assets held overseas and help bolster government finances.
No new funds needed for Okla. tornado recovery
Top lawmakers and officials said Tuesday that the federal government has plenty of money on hand to pay for recovery efforts in the wake of the ...
Does France have right plan to revive its economy?
The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite.
How the French economy compares to Germany's, UK's
Here's how the struggling French economy stacks up compared to Germany's and Britain's. GROSS DOMESTIC PRODUCT (2012) France: 2 trillion euros ($2.
Glance: Europe's Key Institutions
Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who ...
Obama acts on scandals; Republicans unsatisfied
President Barack Obama, seeking to regain his footing amid controversies hammering the White House, named a temporary chief for the scandal-marred ...
Merkel, Hollande at odds over Europe's way forward
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ...
Lawmakers accuse Google of dishonesty over taxes
U.K. lawmakers subjected search giant Google to blistering criticism Thursday, accusing the U.S. Internet company of playing games with Britain's tax ...
Luxembourg PM downplays swift tax evasion deal
Luxembourg's Prime Minister says he doesn't expect an agreement on one of the European Union's key policies against tax evasion to emerge at next ...
UK campaign group loses challenge on tax deal
A U.K. pressure group Thursday lost its legal challenge to what it called a "sweetheart" tax deal between U.K. authorities and Goldman Sachs. UK Uncut ...
Israeli leader under fire for costly lifestyle
For years, Israeli Prime Minister Benjamin Netanyahu has been saddled with an image of a cigar-smoking, cognac-drinking socialite. Now a new ...
Fitch upgrades Greece's credit rating
Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European ...
EU to shift bill for bank failures to creditors
European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large ...
Croatia Airlines goes on strike over pay cuts
Croatia Airlines pilots and flight attendants went on strike Tuesday over planned salary cuts and layoffs that are part of efforts to restructure the ...
Obama tries to swat down 2 controversies
President Barack Obama tried Monday to swat down a pair of brewing controversies that have put the White House on the defensive, emboldened Republican ...
Report: UK military 'unrealistic' on cost risks
Britain's Ministry of Defense has taken an over-optimistic approach to its equipment budget, an influential committee of lawmakers warned Tuesday, ...