French economy minister blames the EU for the lack of growth, seeks new economic strategy

PARIS – France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.

Finland to raise taxes, cut spending to bring down deficit

(Reuters) - The Finnish government will raise taxes and cut spending to bring down the budget deficit, Prime Minister Jyrki Katainen said on Tuesday.

EU to change budget calculation to ease austerity

BRUSSELS: European Union finance experts have reached a preliminary agreement on changing the way the bloc determines some deficit figures, which will lessen the pressure for austerity measures in some crisis-hit economies, an EU official said Thursday.