EU poised to give countries budget leeway to cushion energy cost, Bloomberg News reports
18 Articles
18 Articles
The EU commission ready to accept the demands of Rome: yes to the safeguard clause within 0.6% of the aggregate GDP for 2026-2028. The use of resources can be modulated
Under certain conditions, Member States will be able to use up to 0.3% of their gross domestic product per year to help businesses and households cope with rising energy prices.
The European Commission has listened to requests from countries such as Spain and, in particular, Italy, and is inclined to give Member States greater budgetary space to deal with the consequences of Iran’s energy crisis. The EU Executive is considering allowing countries to spend 0.3% of GDP on energy-related expenditure outside the EU’s budgetary framework, something that he will break down this Wednesday in the fiscal package he planned to pr…
Sources: EU energy flexibility is worth 0.3% GDP by derogation 1.5% for defence. Partly accepted the Italian demand to address the caro-energy
The officialization is expected for tomorrow, Wednesday, June 3, within the framework of the Spring package of the European Semester. From the European Commission arrives the "ok" to a mini-national safeguard clause: an intervention of flexibility on energy expenditure but only with regard to investment. After evaluations to excess in Brussels, the Commission thus responds, only in part, to the demand for measures against the caro-energy advance…
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