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Paolo Gentiloni

European Commissioner Paolo Gentiloni said the proposed reform of the EU fiscal rules would create "inclusive and sustainable growth."

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EU fiscal rules couldn't reduce debt in the last 25 years: Gentiloni

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European Commission Vice-President Valdis Dombrovskis and European Commissioner Paolo Gentiloni presented the fiscal guidance on Wednesday afternoon.

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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.

08/03/2023

The European Union's economy is set to grow by 0.8%, according to the latest economic forecast from Brussels.

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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.

13/02/2023

Gheorghe Batca carries firewood from a storage room to his house outside Chisinau, Moldova, Sunday, Oct. 16, 2022

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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.

22/11/2022

The EU's new fiscal rules will offer greater flexibility to member states in the design of their financial plans.

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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.

09/11/2022

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German Chancellor Olaf Scholz defended the €200-billion aid scheme as "justified."

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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.

04/10/2022

Energy prices continue to be the main driver behind record-breaking inflation.

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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.

14/07/2022

Paolo Gentiloni, European Commissioner for Economy, said the EU fiscal rules will remain suspended until the end of 2023.

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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.

23/05/2022

A woman wears a protective mask as she looks at shoes in Rue Neuve in Brussels, Belgium, Saturday, Nov. 27, 2021.

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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.

10/02/2022

The gradual lifting of restrictions has sped up the EU's economic recovery.

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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.

07/07/2021

The OECD deal will establish a minimum corporate tax rate of 15%.

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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.

02/07/2021

EU Commissioners Dombrovskis and Gentiloni presented the new tax agenda.

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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.

18/05/2021

The easing of coronavirus restrictions will help the EU's economy grow faster.

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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.

12/05/2021

Economic forecast: Some EU countries will recover in 2021, others must wait until 2022

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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.

11/02/2021

The final countdown as Italy chooses its government

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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

01/03/2018

Polling stations prepare for Italy's general election

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Italy counts down to decisive election

A new voting system could spell an end to fragile coalition governments

28/02/2018