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  • EU Lawmakers To Greenlight New Spending Rules

    The EU hopes to move towards healthier public finances after the expected passage of reforms to the bloc's spending rules on Tuesday in the European Parliament.Brussels has spent two years negotiating an overhaul of its budget rules that have pitted fiscally hawkish states against the bloc's most indebted nations.EU negotiators finally reached agreement on the reform in February and now the European Parliament must give its final green light. It will become official once the EU's 27 member...

  • New EU Spending Rules Bring Back Debt Discipline Focus

    With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.New spending rules will be voted on in the European Parliament on Tuesday. Once in place, each member state will be required to get national spending under control, but with built-in flexibility for investment.The old rules were suspended between 2020 and 2023 to shore up the European economy as it weathered the coronavirus...

  • EU's new right-to-repair rules force companies to repair out-of-warranty devices

    The European Union has adopted a right-to-repair directive that will make it easier for consumers to get their devices fixed. The new rules extend a product's guarantee if it breaks under warranty, while obliging manufacturers to repair devices no longer covered. The law still needs to be approved by member nations.  Devices sold in Europe already offer minimum two-year warranties, but the new rules impose additional requirements. If a device is repaired under warranty, the customer must be...