The European Union (EU) has announced that Spain, Italy, and Portugal have been formally warned about their high levels of public debt. The three countries will now have to submit plans to reduce their debt levels in order to comply with EU regulations. Spain, Italy, and Portugal have all struggled with high debt levels in recent years, and the EU has warned that they must take action to address the issue. Failure to do so could result in financial penalties for the countries.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.