While their room for maneuver is shrinking, the EU-27 intend to target their responses to inflation and the energy crisis.
It’s time for heartbreaking revisions. “We are not in the worst-case scenario but the risks of getting there are increasing,” summarized Paolo Gentiloni, European Commissioner for the Economy, on his arrival at a meeting of finance ministers of the euro zone, Monday in Brussels. “We are navigating in troubled waters”, he insisted, namely in a “very limited growth”, if she is not “not negative at the moment”. A perspective that would become inevitable in the event of a total cut off of the Russian gas tap. The Brussels Commission is already preparing to revise its economic forecasts downwards on Thursday and to raise its estimates for inflation.
Meeting this morning in Ecofin, the twenty-seven EU economy ministers are walking on eggshells to develop their economic and budgetary strategy for 2023. “We need to be clear and transparent about what we can do to help our citizens and businesses, but also what is outside our scope,” precise…
This article is for subscribers only. You have 68% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed? Login