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The Latest Breaking News from Paolo Gentiloni

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday

The Independent UK

EU hails 'promising' initial budget talks with France

EU economy chief Paolo Gentiloni on Monday welcomed his "promising" discussions about France's budget with French Finance Minister Antoine Armand as Paris aims to rein in spending and bring down its deficit.

Radio France Internationale

European Commission warns France over fiscal rules as election looms

Decision to launch ‘excessive deficit procedure’ sets up collision course with post-election government

The Guardian - UK

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EU Criticizes France For Excessive Debt Amid Election Campaign

EU criticizes France and six other states for excessive debt, urging adherence to fiscal guidelines. France's deficit at 5.5% raises concerns about financi...

Top News

G7 Ministers Move Closer To Russian Assets Deal To Help Ukraine

G7 finance ministers are expected Saturday to agree a broad plan to use interest from frozen Russian assets for Ukraine, paving the way for a potential agreement among leaders next month.

International Business Times

EU Cuts Inflation Forecast For 2024 Despite Uncertainty

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

International Business Times

Lawmakers Skewer EU Chief Over Contested Job Pick

European lawmakers will cast votes Thursday on a contested appointment to a plum Brussels job, with Ursula von der Leyen suspected of playing favourites to aid her own re-election as commission chief.

International Business Times

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EU Chief Plunged Into Controversy Over Top Job Pick

European Commission chief Ursula von der Leyen is facing calls from senior officials and lawmakers to justify her choice of candidate to staff a top new EU role, according to a letter seen by AFP on Thursday.

International Business Times

EU States Make Last-ditch Effort To Back Spending Rules Reform

EU finance ministers will try to hammer out an agreement over dinner on Thursday to reform bloc-wide spending rules after months of bitter divisions, especially between France and Germany.

International Business Times

German economy ‘will shrink this year as part of eurozone slowdown’

European Commission forecasts 0.4% contraction for country amid high inflation

The Guardian - UK

EU willing to consider changes to Italy reform plan, but Rome must be quick

The EU Commission said on Wednesday it was prepared to consider changes to a plan of reforms agreed with Italy, but any new proposals must be made as soon as possible for Rome to secure promised pandemic recovery funds.

Reuters

Europe resists energy crunch, boosting growth forecast

Brussels (AFP) - Europe's economy rode out the energy price crisis triggered by Russia's war on Ukraine with better than expected economic growth, Brussels said Monday, as it boosted its forecast.

AFP

G-7 finance chiefs boost Ukraine aid, propose supply chain plan

NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.

Bangkok Post

Crisis-hit Tunisia urges 'more understanding' from Europe

Tunis (AFP) - Tunisia on Monday called for "constructive discourse" from the European Union after a string of leaders warned the country is facing a crisis that could impact the 27-member bloc.

AFP

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Reuters

New EU fiscal rules cannot allow 'a la carte' polices -Gentiloni

The European Union's planned new fiscal rules cannot give governments a free hand in the choice of fiscal policies, even if they do offer individual debt reduction paths, European Economic Commissioner Paolo Gentiloni said on Thursday.

Radio France Internationale

European Union increases growth forecast as eurozone dodges recession

Europe's economy will grow more than previously forecast this year as it avoids a winter recession, with inflation expected to ease and gas prices continue to fall.

The Guardian - UK

EU tipped to avoid recession after gas crisis eases

Economic growth forecast to be 0.8% in 2023 but households still face cost of living pressures

AFP

EU lifts growth forecast as eurozone skirts recession

Brussels (AFP) - Europe's economy will grow more than previously forecast this year as it avoids a winter recession, with inflation expected to ease as gas prices have fallen, the European Commission said Monday.

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Reuters

EU's Gentiloni: Very good partnership with the U.S. but we must support our competitiveness

The partnership between the European Union and the United States is "very good", said European Commissioner for Economy Paolo Gentiloni on Tuesday but he added that the EU must strengthen its competitiveness in the wake of Washington's "Inflation Reduction Act" (IRA).

AFP

EU vows to protect European industry to counter US subsidies

Brussels (AFP) - The EU on Monday said it would take "decisive steps" to protect Europe in the face of massive US subsidies that have left the bloc scrambling to find a way to keep businesses on the continent.

France 24

PM Meloni slams colleagues for referring to EU graft scandal as an 'Italian job'

Italy's Prime Minister Giorgia Meloni on Thursday slammed colleagues for characterising the Qatargate graft scandal at the European Parliament as an "Italian job," a reference to the 1969 heist film, calling the reference "a stain on our nation".

Reuters

EU graft scandal 'worthy of Narcos' TV series, says bloc's commissioner

The corruption scandal rocking the European Parliament, in which suspects were found with suitcases full of cash, is like something out of crime drama television series "Narcos", EU Economy Commissioner Paolo Gentiloni said on Friday.

Reuters

EU's Gentiloni says Italy on track to meet reform timetable

Italy is sticking to the reform timetable required to access almost 200 billion euros ($210.6 billion) of European Union funding, European Economics Commissioner Paolo Gentiloni said on Sunday.

AFP

EU warns of 'difficult months' as eurozone faces recession

Brussels (AFP) - The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.

The Independent UK

EU proposes more forgiving debt plans a decade after crisis

The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and other countries during the financial and debt crises a decade ago

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