The budget primary balance produced a surplus of 5.18 billion euros up to April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
Tariffs have re-emerged as a key policy tool amid rising protectionism, renewed industrial policy activism and growing geopolitical fragmentation. This article analyses the conditions under which tariffs can encourage new greenfield foreign direct investment (FDI) projects, with a focus on the manufacturing sector. The results indicate that tariffs can encourage “tariff-jumping” greenfield FDI projects aimed at serving local markets.
The European Central Bank (ECB) defines its price stability target in terms of the HICP, the official measure of consumer price inflation in the euro area. Several changes have been implemented in the compilation of the HICP as of the January 2026 data release. Most importantly, the European Classification of Individual Consumption according to Purpose (ECOICOP) version 2 has been introduced for consumer goods and services. This box describes the main features of the new classification and outlines its impact on the HICP.
Euro area financial markets hold significant untapped potential: deeper cross-border integration would improve the allocation of savings, lower the cost of capital and strengthen capacity to finance investment and innovation. To assess how the integration of euro area equity markets has evolved over time, this box applies a structural gravity model, the workhorse of international trade analysis, to bilateral euro area equity holdings.
This box examines developments and drivers of dispersion in real GDP growth across euro area countries
As New Democracy opens its 16th party congress this Friday, the atmosphere bears little resemblance to the era of effortless dominance that defined Kyriakos Mitsotakis’s first years in power.
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market
Social media advisers often focus on high-risk cryptocurrencies and foreign exchange trading, investigation finds
US prosecutors are promoting lenient deals for companies that turn themselves in
Companies House rule helps drive surge in private unlimited companies requiring fewer disclosure requirements
