European Union on Wednesday decided not to initiate proceedings against Italy over excessive deficit after the government in Rome promised to reduce its budgetary shortfall by €7.6 billion or around 0.42% of gross-domestic-product, multiple media reported on Wednesday. Besides this, Italy...
European Commissioner for Economic and Financial Affairs Pierre Moscovici stated on Thursday that Italy needs to show new data and a clear path toward compliance with EU's fiscal rules in 2019 and 2020 in order to avoid disciplinary measures. The official warned that Brussels is ready to move...
The joint statement of G20 finance ministers' warning of "intensifying" trade tensions makes it clear the United States and China should solve their issues, European Commissioner for Economic and Financial Affairs Pierre Moscovici (pictured) said on Monday in Tokyo, expressing hope the world's...
"We could do better, but there is no recession," the European commissioner for economic and financial affairs, taxation and customs told CNBC on Tuesday. After an update to the European Union's growth outlook, Pierre Moscovici acknowledged the ongoing slowdown but said "deterioration is...
European Commissioner for Economic and Financial Affairs Pierre Moscovici (pictured) said on Monday that he strongly believes the United Kingdom will not leave the European Union without a deal this week.
Speaking to France Info, Moscovici stressed that a no-deal Brexit would be the "worst solution...
European Commissioner for Economic and Financial Affairs, Pierre Moscovici (pictured), stated on Wednesday that the increasingly likely scenario in which the United Kingdom leaves the European Union without a deal on April 12 would bring considerable changes in the area of customs and...
Hopefully, there is still room to avoid a no-deal scenario of United Kingdom's exit from the European Union, European Commissioner for Economic and Financial Affairs Pierre Moscovici told France's RTL morning program with Yves Calvi on Monday.
"At the moment, absolutely everything is possible,"...
The European Union needs to start preparations regarding customs in the eventuality of a hard Brexit, European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici told the France 2 television on Wednesday.
The commissioner added there won't be new...
The European Commission stated in its annual assessment of the economic and social situation in the member states published on Wednesday that Italy, Greece and Cyprus are experiencing "excessive economic imbalances." In addition, the commission noted that ten more EU member states...
The European Commission is intensifying its no-deal outreach to European Union businesses in the fields of customs and indirect taxation such as VAT due to the increased risk of a no-deal Brexit, it announced in a press release on Monday.
The outreach campaign represents the EC's continued...
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