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Although the intentions of encouraging greater financial caution in football have been well-received, FFP has been criticised as illegal by limiting the internal market, failing to reduce football club debt and protecting the status quo. [5] [2] In 2015, UEFA announced FFP would be "eased". A newspaper article alleged that this was in response ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
The main task of BaFin is the supervision of banks, insurance companies, and the trading of securities and ensure the viability, integrity, and stability of the German financial system. [citation needed] On the supply side, it pays attention to the solvency of banks, insurance companies, and financial institutions.
Germany’s national statistics body has had tech issues, as a failed IT update made key economic data points unavailable for people to access.
The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. Data released Thursday by the Federal ...
Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with low volatility. It also involves financial systems' stress-resilience being able to cope with both good and bad times. Financial stability is the aim of most governments and central banks. The aim is not to ...
An article 126(3) assessment report can declare an apparent numerical breach "exempted" and hereby "accepted", if the breach in example was solely caused by "extra expenditures caused by implementation of structural improving pension reforms" or "payment of bailout funds to financial stability mechanisms" or "payment of national funds to the ...
Fiscal sustainability, or public finance sustainability, is the ability of a government to sustain its current spending, tax and other policies in the long run without threatening government solvency or defaulting on some of its liabilities or promised expenditures.