Tech EU News
euronews U talk – Is austerity the best policy?
http://www.euronews.net/ Martin from Brussels put this question to Marc Touati, economist and author of the book, “When the eurozone will explode”: “Are austerity policies a real necessity, do they have a real use in the EU since they seem to contradict the liberal principles of growth and consumption. Are they really useful at this time?”
Marc Touati: “You’re absolutely right. Austerity does not make economic sense. Besides the problem is that we often confuse austerity and fiscal consolidation. What we need today, whether in France or in most European countries, is to actually lower public expenditure that does not create growth, such as operating expenditures which in France have been rising by 10 billion euros a year for the last 10 years.
‘But if on the other hand, if we raise taxes, well you’re right, this tax increase will break what growth we have left. And if there is no growth, there is more unemployment, more deficits and therefore the debt will last longer. So the austerity will break not only growth, but in addition, it will aggravate the public debt crisis. Therefore, it is obviously not the right solution.
‘What to do today is obviously to lower some public spending, but at the same time, we must add let’s say “jam” to take the pill, that is to say restore stronger growth and how can we do this? Here are some ways.
‘First, have interest rates even lower, particularly at the European Central Bank, then have a weaker euro, and finally, generate a recovery policy across the euro area funded by the so-called Euro-bonds, that means European bonds in the euro area and not only country by country.”
‘As long as we don’t do that, unfortunately it’s very sad to say, but the crisis will continue and obviously the austerity policy will be counterproductive. To put it simply, it is useless to die cured and that’s what we are trying to impose on Greece today, but tomorrow in Portugal or Spain or Italy or even France.
‘So obviously, it is essential to get out of this first dogmatism – the austerity policy – and restore growth, which is the only way to overcome the crisis of public debt.”
If you want to ask a question go to euronews.com/u-talk
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Women scientists and engineers surge across the EU, new data shows
While the number of female scientists and engineers in the EU has increased over the past decade, women are still widely underrepresented in these fields.
READ MORE : http://www.euronews.com/2026/02/18/women-scientists-and-engineers-surge-across-the-eu-new-data-shows
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#EuropeInMotion
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We’re talking tax in this edition of Utalk. Petar in Sofia asks: “I am a small business owner in…
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http://www.euronews.com/2014/01/31/how-vat-is-applied-across-internal-eu-borders
We’re talking tax in this edition of Utalk. Petar in Sofia asks: “I am a small business owner in Bulgaria, providing both goods and services to customers. I would like to extend my business abroad in the EU, but I am not sure whether VAT is applicable or not. Could you help me?”
Jean-Baptiste Meert, a Senior Communication Officer with Europe Direct responds: “As a European Union-based company, VAT is chargeable on most of your sales and purchases, except exports to countries outside the EU. As a business supplying goods or services you must normally register with the tax authorities in the EU country where your business is established.
“When you sell goods or services, add the VAT to the price of the goods or services on your invoice. The customer pays you the full amount of the invoice, including the VAT. You must account for this to the tax authorities. If you sell goods or services to business clients in other Member States, you will not have to charge VAT but your business client is, in most cases, liable to pay the VAT in his own Member State.
“Similarly, when you are buying goods or services, you must also pay VAT as a customer. However, you can usually deduct that VAT from the VAT you charge your own customers. This means that you need to pay only the difference to the tax authorities, and report these amounts to them in your periodic VAT return.
“Sometimes, the VAT your business has paid exceeds the VAT that you have charged to your customers. If so, the tax authorities will reimburse or credit you with the difference.
“There are standard EU rules on VAT, but the detailed application of VAT may be different in each EU country. Although VAT is charged throughout the EU, each member country is responsible for setting its own rates.
Within each country, there is a standard rate, which applies to all or most supplies, and there may be one or more reduced rates – lower rates that apply to a limited variety of supplies.
“Finally, some important categories of goods or services, for example: educational, healthcare and financial services, are mostly exempt from VAT.
For more information on VAT registration and invoicing, as well VAT rates in the various EU countries, call 00 800 6 7 8 9 10 11 or check out the website: http://europa.eu/youreurope/business/vat-customs/buy-sell/index_en.htm
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Pope Leo vs AI: Pontiff sounds alarm over the ‘culture of power’ driving the tech race
Pope Leo XIV has disseminated a major manifesto warning of the societal ills posed by the emerging technology – particularly on the battlefield and how it is related to “slavery”.
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#EuropeToday
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Web Summit Qatar 2026 returns with $2 billion boost and global tech ambitions
Web Summit Qatar 2026 opens in Doha with $2 billion in new funding, fresh incentives for entrepreneurs and a fast-growing global tech ecosystem.
In partnership with Media City
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#Focus
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The main parties are split down the middle of the left-right divide, with four parties each forming the two blocs, making the results difficult to predict.
READ MORE : https://www.euronews.com/2022/09/10/sweden-votes-key-things-to-know-ahead-of-general-election-on-sunday
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#World
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Web Summit Qatar 2026 returns with $2 billion boost and global tech ambitions
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