Europe round-up: Madrid aims to end austerity with ‘Budget of recovery’, and more

28 Aug 15

A round-up of public finance news stories from Europe you might have missed.

The Spanish government has sought to draw a line under austerity, setting out a budget proposal that includes tax cuts, higher salaries for public workers and more spending on education, defence and diplomacy. (Financial Times)

As Greek Prime Minister Alexis Tsipras steps down, his bid to regain a parliamentary majority with early elections risks failing as low turnout and disarray within his Syriza party threaten to yield no clear winner. (Bloomberg)

Hungary called for more money from the European Union to handle a rising tide of migrants crossing the Balkans, as a new wave hit its southern border and further exposed the cracks in EU policy towards the worst refugee crisis since World War Two. (Huffington Post)

Germany's export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe's largest economy. (Reuters)

The EU Commission has suspended more than £45m earmarked for Scotland under the European Social Fund after what it called "irregularities" in spending. (BBC News)

An expected victory for the Law and Justice Party could shift Poland’s gaze eastwards. (Time)

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