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EU fiscal rules couldn't reduce debt in the last 25 years: Gentiloni
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Brussels to delay fines for excessive deficit until 2024
Under current fiscal rules, member states are bound to keep their deficit levels under 3%, a figure that many currently exceed.
EU economy to 'narrowly' avoid a recession as inflation peak passes
The European Commission warns uncertainty is still elevated, with the economy dependent on Russia's war in Ukraine and tight energy markets.
If Ukraine war doesn't end, next winter will be even worse — Gentiloni
In an interview with Euronews, EU Commissioner Paolo Gentiloni discussed the worrying state of the European economy and the looming threat of recession.
Brussels proposes new EU fiscal rules to turn the page on austerity
The new rules will give EU countries greater flexibility to design their own fiscal plans, which will need to ensure a gradual decline of public debt.
Germany faces EU scrutiny over €200 billion scheme to curb gas prices
EU officials worry the massive borrowing could have a negative impact on fair competition in the single market.
Annual inflation across the eurozone will peak at 7.6% in 2022
The Ukraine war and the disruption of energy and food markets continue to increase inflationary pressures.
EU fiscal rules to remain suspended to cushion impact of Ukraine war
The announcement from Brussels come in the midst of record-breaking inflation and economic stagnation.
Inflation in eurozone forecast to hit 4.8% amid soaring energy prices
Energy prices, supply chain bottlenecks, the Omicron variant and geopolitical tensions are all fuelling inflationary pressures.
Vaccines and lifting of restrictions speed up EU's economic recovery
Both the EU and the eurozone are set to expand by 4.8% in 2021, with 12 member states already offsetting all their economic losses this year.
Ireland, Hungary & Estonia opt out of tax deal and jeopardise EU unity
The three countries, which represent around 4% of the EU's GDP, did not sign up to a landmark OECD technical agreement to overhaul the global tax system.
Brussels unveils new tax agenda ahead of crucial G20 meeting in July
G20 finance ministers are seeking an agreement on a minimum global corporate tax following years of negotiations in the OECD and a new push by US President Joe Biden.
EU economy set to grow faster than expected thanks to vaccination
The European Commission estimates that this year the EU and the eurozone will grow by 4.2% and 4.3%, respectively.
Economic forecast: Some EU countries will recover in 2021, others must wait until 2022
Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021.
The final countdown as Italy goes to the polls
Candidates were out and about for the final moments of campaigning ahead of Sunday's election in Italy
Italy counts down to decisive election
A new voting system could spell an end to fragile coalition governments