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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

EU chastises France, six countries for budget shortfalls

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image credit: emerging Europe

The European Commission has issued a reprimand to France, along with Belgium, Italy, Hungary, Malta, Slovakia, and Poland, for exceeding their budget deficits. According to the EU’s Maastricht treaty, member states are obligated to maintain public debt below 60 percent and deficits below 3 percent of GDP. Additionally, Nvidia has surpassed Microsoft to become the world’s most valuable company, with a market capitalization of $3.3 trillion.


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