Search  Recent News Web    
May 22, 8:17 AM EDT

The European Union is urging member states to take advantage of the bloc's recovering economy to strengthen public finances and push through reforms that tackle social inequality

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Puerto Rico is seeking help from federal court to restructure the debts of the U.S. territory's public pension system, which is projected to run out of money this year

The European Union is urging member states to take advantage of the bloc's recovering economy to strengthen public finances and push through reforms that tackle social inequality

The EU foreign policy chief says Europe does "not see eye to eye" with the Trump administration on major issues such as trade, climate change and funding of U.N. agencies

More than 1,100 politicians and business people have come together in search of ways to transform stagnant economies of the troubled Middle East and North Africa

Mexico's central bank has raised its benchmark interest rate by a quarter-point to 6.75 percent as inflation continues to outpace targets

The Dutch government says it had a budget surplus last year for the first time since the financial crisis in 2008, thanks to lower than expected spending and higher than forecast revenues

The United Nations is predicting expanding global economic growth in the next two years, spurred by a modest recovery in trade and investment and stronger growth in the last six months

Britain's statistics agency says consumer price inflation rose to 2.7 percent in April from 2.3 percent a month earlier, as the pound's drop since Britain's vote to leave the European Union continues to push up the cost of everyday goods

Preliminary findings from a new study show that Tanglewood _the summer home of the Boston Symphony Orchestra _ has an economic impact of more than $103 million on Massachusetts and the Berkshire region

US treasury secretary says major partners 'much more comfortable' with Trump on trade

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

THE HAGUE, Netherlands (AP) -- The European Union urged member states Monday to take advantage of the bloc's recovering economy to strengthen their public finances and push through reforms that tackle social inequality.

The advice came in economic policy guidance for the bloc's 28 member states that was published by the European Commission. It recommended "boosting investment, pursuing structural reforms and ensuring responsible fiscal policies."

The advice aims to address social pressures seen as fueling a wave of nationalist populism throughout Europe that is tearing at the fabric of the bloc.

Tackling inequality "is firmly at the heart of our assessment. We have turned the page of the crisis. The next chapter is social," EU Social Affairs Commissioner Marianne Thyssen said.

The commission stressed that economic growth in the EU and the 19 nations that use the euro currency was close to 2 percent in 2016 as public finances recovered. It said employment reached a record of nearly 233 million people, with unemployment at its lowest level since 2009.

"With the economy moving forward, we need to restore opportunities for those left behind and keep pace with changing skills needs by investing in high quality education and training," Thyssen said. "Productivity increases should be reflected by higher wages."

Among the recommendations for member states was a raft of previously agreed measures to help heal Italy's finances and get its economy growing again. Rome's progress in achieving them has been slow and often uneven.

The EU is urging an overhaul of the Italian justice system, stepped up efforts to combat corruption, bank reforms and an overhaul of property values for tax purposes. Most Italians whose home is their primary residence are exempt from property tax on their home, but those owning a second or more homes must pay tax on those residences.

The pace of reform has slowed as Italian politicians jockey for position and propose electoral reforms ahead of elections due in spring 2018.


Associated Press writer Frances D'Emilio in Rome contributed.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

TylerPaper on Facebook
Site Map