About: Paolo Gentiloni
EU Commission raises 2021 growth forecast, sees strong 2022
The euro zone economy will grow faster than previously expected this year as it recovers from the pandemic-induced recession and continue to expand strongly in 2022 with deficits and public debt falling, the European Commission forecast on Thursday.
Eurogroup ministers discuss economic governance framework
Monday’s meeting of the eurozone finance ministers was the first opportunity to discuss the review of the EU’s economic governance framework. While Commissioner Gentiloni hoped for a fresh start in the debate, the Austrian finance minister Gernot Blümel insisted on keeping the current rules.
Brussels relaunches EU fiscal reform, aims to boost green investments
The European Commission on Tuesday (19 October) took another step towards reforming the EU’s much-discussed fiscal rules, including the bloc's strict debt and deficit limits enshrined in the Stability and Growth Pact.
EU directive on minimum corporate tax expected before end of year
Days after 136 countries agreed on an international tax deal, a European Commission official announced that a directive to implement the corporate minimum tax rate might be forthcoming before the end of the year.
Commission hints at quick fix of fiscal rules in 2022
The European Commission said on Friday (10 September) that it will explore options to improve the Stability and Growth Pact by the end of next year, as member states are preparing for a bruising battle over the reform of the EU’s fiscal rules.
EU warns Polish regions they could lose funding over ‘LGBT-free’ zones
The European Commission has written to five Polish regional councils urging them to abandon declarations that they are "LGBT-free" in order to receive funding, one of the councils affected confirmed on Monday (6 September).
Commission says it is holding up recovery money for Poland
Poland's challenge to the primacy of European Union law over national law is holding up the release of €57 billion in EU recovery funds to Warsaw, European Economic Commissioner Paolo Gentiloni said on Wednesday (1 September).
France pushes for 25% target for taxing multinationals’ super-profits
Countries should be able to tax a quarter of big multinationals' profits no matter where they are earned, France proposed on Saturday (10 July) at a G20 finance ministers meeting focused on overhauling the rules for cross-border corporate taxation.
Amid Delta scare, EU forecasts higher growth in eurozone
The eurozone economy will grow faster than previously thought both this year and next, the European Commission said on Wednesday (7 July), despite emerging concerns the fast-spreading Delta variant of the coronavirus could lead to new restrictions.
Tweets of the Week: European Semester, Sound Canon, ECJ Hungary case
Commission unveils the European Semester, the EU is not the sound canon tester and Viktor Orban finds that he’s the court jester.
European recovery gains speed as COVID-19 fund kicks in
Europe's economic recovery from the impact of COVID-19 is gaining momentum, the European Commission concluded in an economic forecast presented on Wednesday (12 May), with the rebound credited to the recovery fund, vaccines, global trade and the lifting of lockdowns.
Eurozone to forgo budget belt-tightening for now
Eurozone finance ministers said Monday (15 March) they would not tighten spending given the continuing pandemic in Europe, but warned that soaring debt levels would eventually have to be fixed.
‘OpenLux’ showed need for tougher enforcement of EU tax rules, says Gentiloni
The "OpenLux" investigation showed a need to better implement European Union tax rules and to strengthen tax-related disclosures by companies, a top EU official said on Wednesday (10 March).
Commission wants to keep fiscal rules suspended in 2022
The European Commission said on Wednesday (3 March) that the Stability and Growth Pact should remain suspended next year as the European economy needs additional stimulus to return to the pre-crisis level.
EU likely to waive borrowing limits again in 2022
The European Union is likely to waive limits on government borrowing again in 2022, given persistent uncertainties about the pace of economic recovery once the coronavirus pandemic is contained, officials say.
Row over rule of law infects EU virus summit
Hungary and Poland’s opposition to Brussels’ oversight over the rule of law will be top of the EU summit agenda Thursday (19 November), sidelining efforts to tackle the coronavirus epidemic. EU member states had planned to share the lessons learned...
European recovery slows downs amid high uncertainty
The European Commission revised downwards its expectations about the European recovery as the impact of the second wave of COVID-19, and the uncertainty about how it will evolve further, will weigh on the fragile economies.
Economic support will last ‘as long as necessary’, says Gentiloni
Given the increasing number of covid-19 cases and the risk of a double-dip recession, the support to the European economy will be maintained “as much as is needed, for as long as is needed”, said on Tuesday (27 October) commissioner for Economy, Paolo Gentiloni.
Italy, Spain and France worst performers as recession deepens
Italy, Spain and France will register the worst economic downturn among eurozone countries this year as the contraction will be more severe than previously expected, according to the latest European Commission forecast published on Tuesday (7 July).
France slams ‘provocation’ as US halts digital tax talks
France and the US locked horns Thursday (18 June) over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.
Commission defends gradual return to fiscal discipline to avoid ‘mistakes’ of austerity
The European Commission could start controlling deficit and debt levels from next year, once the recession is over. But the road to balancing public accounts again will avoid the “mistakes” of the last crisis, the institution said on Wednesday (20 May).
Commission proposes gradual lifting of borders, in bid to save Europe’s summer
The European Commission on Wednesday (13 May) set out plans for a phased restart of travel this summer, proposing a gradual lifting of borders in an attempt to kick start a tourism sector hit hard by the COVID-19 pandemic.
EU proposes scrapping usual conditions for ESM use in virus battle
The European Commission on Thursday (7 May) proposed scrapping the usual conditions for countries using the eurozone’s bailout fund as they try to revive their economies hit by the coronavirus epidemic. The proposal may make the fund more palatable for...