EU Commission out with latest observations 22 Nov
- not falling as EU rules require
- we will reassess Italy's compliance with EU requirement to cut debt in Spring 2018
- draft budget from France is at risk of breaking rules , debt does not fall as it should
- Spain's 2018 draft budget is broadly in line with EU rules
- EU wants to close excessive budget deficit again Britain
A case of talk to the hand on that last one right now I reckon.
- EU recommends broadly neutral fiscal stance for EZ in 2018
- 12 EU countries, same as last year, have macroeconomic imbalances that need in-depth reports
- EU countries should boost investment
- EU countries should step up efforts to fight aggressive tax planning
Tax efficiency they mean of course.
