About: Paolo Gentiloni

Economy & Jobs 12-07-2021

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.
Economy & Jobs 08-07-2021

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.
Politics 04-06-2021

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.
Economy & Jobs 12-05-2021

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. 
Economy & Jobs 16-03-2021

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.
Economy & Jobs 11-03-2021

‘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).
Economic governance 03-03-2021

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.
Economy & Jobs 01-03-2021

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.
Economy & Jobs 19-11-2020

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...
Economy & Jobs 05-11-2020

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.
Economy & Jobs 27-10-2020

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.
Economy & Jobs 07-07-2020

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).
Digital & Media 19-06-2020

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.
Economy & Jobs 20-05-2020

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). 
Global Europe 13-05-2020

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.
Economy & Jobs 08-05-2020

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...
Economic governance 06-05-2020

Coronavirus will trigger the deepest recession in EU history

The economies of EU countries will shrink by 7.4% this year as the coronavirus crisis is set to cause the worst recession in the bloc’s history, according to the European Commission's spring forecast presented on Wednesday (6 May), which also foresaw a significant rebound in 2021.
Economy & Jobs 30-04-2020

EU recovery fund should hit €1.5 trillion, Gentiloni says

The European Union's proposed coronavirus recovery fund to help repair the massive economic damage caused should total around €1.5 trillion, EU Economic Affairs Commissioner Paolo Gentiloni said Wednesday (29 April).
Digital & Media 29-04-2020

Poland proposes ‘Netflix Tax’ amid calls for broader digital levy

Poland will introduce a 1.5% levy on the revenue of streaming platforms including Netflix and Amazon, its finance minister said on Wednesday (29 April). The proposal comes as calls mount for a broader taxation on the operation of digital giants in Europe as a means to mitigate the economic fallout from the coronavirus.
Economy & Jobs 06-04-2020

Spain and EU Commissioners call for common European debt instruments

Europe needs debt mutualisation and a common Marshall plan to recover from the coronavirus pandemic, Spanish Prime Minister Pedro Sánchez told German newspaper Frankfurter Allgemeine Zeitung.
Economy & Jobs 02-04-2020

Debts can be returned unlike human lives, Tsipras says

Human lives do not come back unlike public debts which can be returned, former Greek Prime Minister Alexis Tsipras wrote in an op-ed for Le Monde.
Climate change 28-02-2020

Brussels’ anti-climate-dumping quest in the spotlight

EU trade and industry ministers weighed into a discussion on a carbon border tax on Thursday (27 February), as the bloc’s internal market chief said the tariff will be ready to deploy “as soon as possible”.
Economy & Jobs 24-02-2020

G20 finance heads wrap up Riyadh meeting overshadowed by virus outbreak

Finance leaders of the world's top 20 economies wrapped up their two-day meeting on Sunday (23 February) in Riyadh that was dominated by growing concern over the widening fallout from the coronavirus outbreak.
Economy & Jobs 13-02-2020

EU leaves economic forecast unchanged despite risks

The European Commission kept unchanged its economic forecast for moderate eurozone growth for this year and 2021 despite the impact of looming risks, especially the coronavirus.