About: Paolo Gentiloni
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.
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.
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).
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.
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).
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.
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.
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.
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.