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12
Nov 2026
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Serbia’s “Student List” plans defence spending of 5% of GDP, strategic Air Defence shield and military pay rises

Implementation will depend on the country’s actual financial position when the new government takes office, the incoming administration says

French MPs reject Macron’s 2027 budget by 458 votes to none

Political and fiscal deadlock just months before the presidential election – Bill heads to the Senate

Belgium faces government crisis after budget deadlock – PM De Wever to resign

Prime Minister Bart De Wever is due to meet King Philippe today to tender his resignation

Mitsotakis at MED9: Europe must answer energy costs with joint initiatives

Speaking at the MED9 summit in Split, the Greek prime minister called for joint European initiatives to ease energy costs while protecting fiscal stability, and welcomed Brussels' positive response to Greece's proposed emergency migration mechanism

Russia: Defence budget to exceed $200 billion in 2027, highest since the start of the war

Russia’s total defence spending is expected to reach $590 billion over the next three years – Defence spending prompts revision of the projected budget deficit to 3.2%

European Central Bank readies new interest rate rise, and what it means for mortgages and business loans

Germany's Joachim Nagel says a further quarter-point increase is effectively certain as eurozone inflation holds near 3%, with the rise set to filter through to Euribor and then variable mortgages and business loans within weeks

Budget: Primary surplus of €5.77 billion in the first seven months of the year

Tax revenues were €990 million above target, while public spending increased by €1.046 billion due to the acceleration of investment and Recovery Fund projects

Budget camping holidays surge in popularity, with Chalkidiki occupancy hitting 95%

Greek campsite operators report booming demand into September nationwide, with Greeks now up to 40% of guests amid rising hotel costs, while occupancy across Greece's 293 organised sites has climbed about 10% overall this year

Budget: Primary surplus at €5.725 billion in the January–July 2026 period

Tax revenues stood at €42.9 billion, €1.55 billion above target - How revenues and expenditure performed and how they compare with projections

Budget: Primary surplus at €3.638 billion in the five-month period

€2.4 billion above target – “Net excess” of €258 million also in tax revenues

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