Poland proposes 4950 PLN monthly minimum wage for 2027 following social dialogue deadlock
A draft government regulation sets Poland's 2027 minimum gross wage at 4950 PLN monthly and 32.30 PLN hourly, adding 3.2 billion PLN in corporate labour costs.
Leaked Dutch 2027 budget reveals 0.1% purchasing power drop despite €1.5B relief package
Leaked documents from the upcoming 2027 Miljoenennota show Dutch households will lose an average of 0.1% in purchasing power next year, as the minority government presents its fiscal plans ahead of Prinsjesdag.
ECB raises key interest rate by 25 basis points to 2.5% in Berlin
The European Central Bank raised borrowing costs by 25 basis points to 2.5% on 10 September 2026, responding to energy price increases caused by conflict in the Middle East.
US inflation accelerates in August as diesel tops $6 and rate hike expectations rise
August consumer price figures and diesel prices exceeding $6 per gallon have solidified expectations for a Federal Reserve rate increase next week, while businesses across the food and retail supply chains report mounting transport costs.
Giorgetti urges debt control and proposes 5% flat tax on pay rises
Speaking at the UDC party festival, Italian Economy Minister Giancarlo Giorgetti stressed the necessity of maintaining market confidence and managing public debt as higher ECB interest rates increase borrowing costs.
France proposes temporary tax cuts on family gifts and cash transfers in 2027 budget plan
Prime Minister Sébastien Lecornu unveiled the 'Transmissions 2027' plan on 12 September 2026, introducing temporary tax exemptions and reduced flat rates to encourage earlier intergenerational wealth transfers.
European Central Bank raises deposit rate to 2.5% as energy prices drive inflation
The European Central Bank unanimously raised its key deposit rate by 25 basis points to 2.5%, citing persistent inflation fueled by escalating Middle East energy disruptions.
Banque de France and ECB Reject Mélenchon Proposal to Cancel 500 Billion Euros of Debt
Banque de France Governor Emmanuel Moulin and ECB President Christine Lagarde rejected proposals by left-wing candidate Jean-Luc Mélenchon to write off or restructure approximately 500 billion euros in French public debt.
Greece unveils €884 million tax relief package and wage increases at 90th TIF
Prime Minister Kyriakos Mitsotakis outlined reductions in presumptive taxation for 155,000 professionals and scheduled minimum wage increases to €1,000 by 2028.
IMF denies dropping Ricardo Reis from chief economist role over Trump tariff remarks
The International Monetary Fund rejected reports that it blocked London School of Economics professor Ricardo Reis from becoming chief economist, after reports linked the decision to his past criticism of US tariffs.
ECB raises key interest rates by 25 basis points to 2.5% as energy prices surge
The European Central Bank delivered its second rate hike of 2026 in Berlin, warning that consumer price pressures will remain elevated until 2028.
Trump threatens trade halt with deficit nations unless Federal Reserve cuts interest rates
Donald Trump demanded that the Federal Reserve reduce interest rates to the lowest in the world, threatening to stop trade with deficit partners after August hiring data beat expectations.
ECB raises deposit rate to 2.50% as Middle East crisis drives energy costs higher
The European Central Bank increased its key interest rates by 25 basis points on 10 September 2026, warning that geopolitical conflict and surging oil prices will keep euro area inflation elevated through 2027.
Brain drain costs Italy up to €11.4 billion annually as 141,000 citizens move abroad
A TEHA Group and Philip Morris Italia report presented at Cernobbio estimates Italy loses €7.2 billion yearly in public education spending and up to €11.4 billion in ungenerated value as qualified workers leave.
French Treasury warns climate inaction could reduce GDP by 3.6% and widen deficit by 2050
A report presented by Economy Minister Roland Lescure on 11 September 2026 projects that climate inaction could shrink French GDP by 3.6% and widen the public deficit by 1.8 percentage points of GDP by 2050.
Pedro Passos Coelho presents economic reform study and urges Luís Montenegro to act
A new economic report coordinated by former Prime Minister Pedro Passos Coelho identifies low productivity as Portugal's main structural barrier, calling on the current government to implement long-term reforms before European recovery funding concludes.
Chancellor Healey pledges fiscal discipline and regional growth ahead of budget
In a speech in Coventry seven weeks after taking office, UK Chancellor John Healey set out plans to devolve investment powers to city regions and cut regulatory costs by 25% by 2029 while committing to strict fiscal rules.
Japan Foreign Reserves Fall by Record $79.6 Billion After 15.4 Trillion Yen Intervention
Japan's foreign exchange reserves declined by $79.6 billion in August to $1.208 trillion following a record 15.4 trillion yen market intervention conducted jointly with the United States.
France lowers 2026 growth forecast to 0.5% as budget deficit exceeds 5%
Economy Minister Roland Lescure announced a cut in France's 2026 GDP growth target to 0.5%, projecting 1% growth in 2027 while warning that the public deficit will exceed 5%.
UK economy grows 0.4% in July 2026 as AI and services boost output
British gross domestic product expanded 0.4% in July, surpassing expectations of flat growth as technology investments and services countered headwinds from elevated energy costs.
Poland leaves key interest rate at 3.75% as central bank rules out 2026 cuts
Poland's central bank kept its benchmark rate at 3.75% and ruled out rate cuts in 2026 after August inflation rose to 3.4% on higher energy prices.
Greece announces €2.2 billion package with wage and pension increases
Prime Minister Kyriakos Mitsotakis unveiled measures at the Thessaloniki International Fair, including higher pensions, a restored civil service Christmas bonus, and minimum wage increases.
Netherlands relocates 86 tonnes of gold reserves from North America to London
De Nederlandsche Bank completed the transfer of 86 tonnes of gold from the United States and Canada to the Bank of England to improve crisis readiness and liquidity access.
Spain allocates 2.4 billion euros in Treasury bills as yields reach two-year highs
The Spanish Treasury placed 2,416.82 million euros in three- and nine-month bills alongside a 4,000 million euro green bond syndicate ahead of the European Central Bank rate decision.
China injects 360 billion yuan into state banks and insurers to support lending
China launched a 360 billion yuan ($53.6 billion) recapitalisation of eight state banks and insurers, funded partly by 300 billion yuan in special government bonds, to strengthen capital buffers and encourage credit expansion.
Spanish unemployment rose by 44,419 in August 2026 as summer contracts ended
Registered unemployment in Spain increased by 1.92% in August 2026 to 2,355,918 people, driven by seasonal losses in the services sector and new registrations from an extraordinary regularisation process.
Global bond yields surge to multi-year highs as Middle East fighting lifts oil prices
Sovereign bond yields climbed in the United States, Japan, and Australia on Wednesday as renewed U.S.-Iran conflict pushed crude prices above $95 a barrel, increasing market expectations of interest-rate hikes.
Mitsotakis unveils €2.2 billion economic package at Thessaloniki International Fair
Greek Prime Minister Kyriakos Mitsotakis announced a 2.2 billion euro fiscal package for 2027, featuring tax cuts for businesses, pension increases, and targeted relief for rural areas.
Fitch upgrades Portugal's credit rating to A+ citing debt reduction and fiscal prudence
Fitch Ratings upgraded Portugal's long-term sovereign debt rating from A to A+ with a stable outlook on Friday, pointing to ongoing public debt reduction and consistent budgetary discipline.
Morningstar DBRS lifts Greek credit outlook to positive while maintaining BBB rating
Morningstar DBRS kept Greece's credit rating at BBB on 4 September 2026 but raised its outlook from stable to positive, citing steady debt reduction and primary budget surpluses.