Government Finance - Romania is accessing international markets for the third time in 2024 [1] - The government's austerity package has driven a rally in its debt securities [1]

Economic Recovery & Fiscal Policy - Greece experienced a significant economic turnaround, transitioning from a state of economic crisis to exceeding the European average in growth [1][2] - Fiscal consolidation measures enabled Greece to conclude its bailout programs in 2018 [1] - By 2025, Greek output had partially recovered from a major recession, achieving a budget surplus as one of the few EU nations [2] Debt & Sustainability - Greece's debt burden remains high but has been structured for greater sustainability [2] Socio-Political Landscape - Austerity measures following bailout agreements caused substantial social and economic hardship [1] - Voter dissatisfaction with the ruling government and the rise of populist parties create uncertainty for future elections [3] Lessons Learned - The Greek financial crisis serves as a reminder to prevent future crises [3] - Despite economic improvements, Greece remains one of the poorest EU nations, facing chronic issues [3]

Public Finance Concerns - France needs urgent action to control public finances [1] - Otherwise, France will face painful austerity measures soon [1]

The world’s third-largest economy is jettisoning its hard-earned reputation as Europe’s champion of flinty austerity. It is a bold move. Will it pay off? https://t.co/yuylb1WuYC ...

Economic Policy - The world's third-largest economy is abandoning its reputation for austerity [1] - It is a bold move, and the report questions whether it will be successful [1]