Paolo Gentiloni, the European Commissioner for the economy, offered on Friday a candid assessment of the European Union’s fiscal framework. “Public debt increased in the last 25 years,” Gentiloni said … Read More
The European Commission said on Wednesday that if energy prices were to flare up again, any support measures rolled out should be “targeted at protecting vulnerable households and firms.” The … Read More
Cracking down on circumvention of sanctions has become the number one priority for the European Union. The loopholes piercing through the European Union’s customs system are helping Russia evade international … Read More
The debate on how to adapt the European Union’s long-standing fiscal rules to the economic reality that has emerged from successive crises entered a new chapter on Wednesday, as the … Read More
With the European economy still figuring out how to grow amid Russia’s war in Ukraine, a fragile energy market and stubbornly high inflation, the European Commission has decided to delay … Read More
The European Union’s economy is set to “narrowly” avoid a much-dreaded recession this year, as inflation eases and gas prices continue their steep drop, paving the way for better-than-expected economic … Read More
If Russia’s war in Ukraine doesn’t end by the time next winter hits, Europe’s energy woes will dramatically worsen, Paolo Gentiloni, European Commissioner for the economy has warned. The uncertainty … Read More
The European Union appears ready to ditch austerity as it takes the first formal steps to reform the long-standing fiscal rules that rein in excessive government spending. The legally-binding rules, … Read More
Inflation across the European Union will remain extraordinarily high for the remainder of the year, keeping households and companies under long-term financial strain. The latest economic forecast released by the … Read More
The EU’s fiscal rules will remain suspended until the end of 2023 to help countries cushion the economic fallout from the Ukraine war. The European Commission made the widely-expected announcement … Read More
