About: Paolo Gentiloni

Economy & Jobs 19-05-2022

Four-day work week: How competitive is mental health?

The Brussels economic policy crowd seems to be positively inclined towards the idea of a four day work week if a recent debate at the Brussels Economic Forum is anything to go by.
Economy & Jobs 19-05-2022

EU Commission proposes Ukraine reconstruction platform

Along with a €9 billion increase in short-term budgetary aid to the Ukrainian government, the European Commission proposed on Wednesday (18 May) setting up a reconstruction platform for Ukraine to help with the massive financing needs of rebuilding the country.
Economy & Jobs 22-04-2022

Ukraine war spells ‘end of globalisation as we know it’, says EU’s Gentiloni

The war in Ukraine has shown the limitations of the decades-long German approach of seeking to change Russia through trade and spells the end of globalisation as we know it, the European Economic Commissioner Paolo Gentiloni said on Thursday (21 April).
Economy & Jobs 21-04-2022

G20 members condemn Russia’s war in Ukraine, after Western officials stage walkout

Top officials from the EU, Britain, the United States and Canada walked out on Russia's representatives at a Group of 20 meeting on Wednesday (20 April) and many members spoke to condemn Moscow's war in Ukraine.
Bruno Le Maire, Christian Lindner, Paolo Gentiloni in discussion
Economy & Jobs 15-03-2022

Global minimum tax hits roadblock as EU states disagree on directive

The finance ministers of EU member states failed to reach a unanimous agreement on the EU directive aimed at implementing the global minimum tax for large corporations when they met in Brussels on Tuesday (15 March).
Economy & Jobs 02-03-2022

EU Commission urges member states to invest more

With insecurity for the European economy increasing due to Russia’s war of aggression in Ukraine, the EU executive calls on countries to keep investing in economic growth and remains open about an eventual prolongation of the suspension of fiscal rules.
Economy & Jobs 11-02-2022

EU cuts growth forecast as energy prices ‘chill’ economy

The EU economy will grow less than expected this year, the European Commission said on Thursday, as energy prices and supply chain problems jack up inflation and delay a more sustained recovery from the pandemic.
EU Commissioner Gentiloni at a press conference in Brussels
Economy & Jobs 23-12-2021

Commission presents directives against tax competition and shell companies

The EU Commission presented its proposal for a directive to implement the minimum tax in the EU along with a directive that should make it hard to evade taxes through shell companies.
Commissioner Paolo Gentiloni
Economy & Jobs 11-11-2021

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.
Economic governance 09-11-2021

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.
Economic governance 20-10-2021

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.
Economic governance 14-10-2021

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.
Economic governance 10-09-2021

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.
Non-discrimination 07-09-2021

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).
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...