EU will launch €750bn Recovery Fund regardless of vetoes if necessary: EC December 4, 2020 The European Union will push on with its €1.8trn financial package to revive the bloc’s Covid-hit economy even if Hungary and Poland continue to try to veto the project, Economics Commissioner Paolo Gentiloni said earlier today. Budapest and Warsaw have vetoed the adoption of the €1.1trn 2021-2027 EU budget and the €750bn Recovery Fund because [...]
EU budget rules need adjustment but no debt cancellation: European Commissioner November 29, 2020 European Union budget rules need to be more consistent with expected higher levels of sovereign debt, the bloc’s economics commissioner said, but dismissed calls to cancel debt amassed during the coronavirus crisis. The idea of debt cancellation has been raised by Italy’s co-ruling 5-Star Movement, backing a proposal by EU Parliament President David Sassoli. “In [...]
European Commission falling short on competition oversight November 19, 2020 The European Commission is falling short on its competition oversight obligations, and due to limited resources its capacity to monitor markets and detect antitrust cases are limited. The European Commission has not fully addressed complex new enforcement challenges in digital markets, the ever-increasing amount of data to be analysed or the limitations of existing enforcement [...]