Gentiloni, from war in Ukraine significant impact on European economy

BRUSSELS -

This was stated by the

at the hearing of the joint budget and EU policies commissions in the Chamber.

"We are not able to quantify it in a serious and reliable way", Gentiloni pointed out, recalling yesterday's estimate of a 1.4% growth loss given by the OECD with a loss of "more than a third of the growth" they had predicted. .

"The message that must come from the European Commission and European Governments - he continued - is a message that absolutely does not take for granted a prospect of stagnation and therefore of total reduction of that prospect of growth that was outlined up until the beginning of this project. 'year".

"The commission - added Gentiloni - will publish next week the

which, as happened in the case of the pandemic, will allow the most exposed companies to be supported with public finance because they have activities that are closely linked to Russia and the Ukraine "either because" they are energy-intensive companies "or" are particularly affected by the increase in the prices of some of some commodities ".

"It will be a scheme of derogation from the rules on state aid obviously more limited than the one for the pandemic and aimed at companies particularly affected".

This was stated by the EU Commissioner for Economic Affairs Paolo Gentiloni