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 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 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.
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).
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.
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 Italy, …
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.
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).
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.
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”.
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.
France is ready to go to the World Trade Organization to challenge US President Donald Trump's threat to put tariffs on champagne and other French goods in a row over a French tax on internet companies, its finance minister said on Sunday (8 December).
EU finance ministers failed to reach an agreement on Wednesday (4 December) on the reform of the EU's bailout fund and move to political discussions on the European Deposit Insurance Scheme ahead of the Euro summit next week.
Greener business models are starting to gain in popularity, as environmental legislation starts to bite and company heads decide their balance sheets will look healthier in the long-run if they embrace change.
Paolo Gentiloni won the European Parliament's approval on Thursday (3 October) to become EU Commissioner for the Economy, with ambitious plans to unblock tax proposals and to design the European unemployment reinsurance scheme.
European Union commissioners-designate said the bloc should agree on a digital tax if no deal on the matter was reached at a global level by the end of next year, ramping up pressure on multinationals accused of paying too little.
Freshly re-appointed as Italy's prime minister, Giuseppe Conte has meaningfully chosen Brussels and the EU institutions for his first official visit, aiming to lay down weapons and start a new give-and-take relation with the European Commission.
Achieving a “more assertive” Europe that can improve its competitiveness and sovereignty in an increasingly hostile world. These are the main guidelines of President-elect Ursula von der Leyen to the new College of Commissioners, unveiled on Tuesday (10 September).
"I want the European Green Deal to become Europe's hallmark,” said European Commission President-elect Ursula von der Leyen, as she tasked her second-in-command with overseeing Europe’s goal of achieving climate neutrality by mid-century.
Italy's new government, combining the anti-establishment 5-Star Movement and centre-left Democratic Party (PD), was sworn into office on Thursday (5 September), promising to reset Rome's often fraught relations with Brussels.