#fiscal policy — FinScans

🌐 Macro

Pope Francis Warns European Rearmament Could Cut Welfare Spending, Threaten Social Stability

May 14, 2026 (89 days ago)

Pope Francis warns Europe's rearmament may undermine social spending, raising fiscal sustainability concerns for eurozone bonds and the common currency.

RHM.DE DE10Y EUR/USD

🌍 EU Read More →

💱 Forex EUR/USD 📈 Bullish

Meloni's Populism Contrasts with Starmer's Centrism, Shaping EU Markets

May 14, 2026 (89 days ago)

Giorgia Meloni's anti-Starmer stance highlights the divide between populist fiscal spending and centrist orthodoxy, potentially widening Italian bond spreads and pressuring the…

▲ Italy's upcoming budget proposal tests Meloni's fiscal discipline, with markets watching for expansionary measures that could widen BTP-Bund spreads.

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💱 Forex AUD/USD 📉 Bearish

Australia Budget Sets Up Tug-of-War With RBA on Inflation Fight

May 13, 2026 (91 days ago)

Australian fiscal expansion stokes inflation and sets up a policy clash with the RBA, weighing on the Australian dollar and bonds.

▼ Expansionary budget with new property tax concessions boosting housing demand

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💱 Forex EUR/USD 📉 Bearish

Baltic States Warn of Unfunded Debt for Europe’s Defense Splurge

May 8, 2026 (95 days ago)

Estonian, Latvian, and Lithuanian finance ministers jointly caution that Europe’s unfunded defense spending surge may trigger sovereign debt concerns, lifting bond yields…

▼ European Commission proposes €800 billion defense fund without clear financing

📆 Mid 🌍 EU Read More →

💱 Forex USD/PHP 📉 Bearish

Philippines Downplays Stagflation Risk, Will Boost Spending

May 8, 2026 (95 days ago)

Philippines downplays stagflation fears and vows to boost spending, as data fuels concerns over growth and inflation, keeping the peso on the…

▼ Economic data showing slowing growth and elevated inflation raises stagflation specter.

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🌐 General USDRUB 📉 Bearish

Russia’s Budget Gap Widens to Record Despite Oil Revenue Boost

May 8, 2026 (95 days ago)

Russia’s budget gap hits an all-time high despite climbing oil revenues, pressuring the ruble, Russian equities, and emerging-market assets while supporting oil…

▼ Record budget deficit widens despite oil revenue boost

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