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Gentiloni, recession is not inevitable, prudent policies

2022-06-16T13:57:25.847Z


(HANDLE) BRUSSELS, JUN 16 - "We are sailing in turbulent waters: our vision is that recession is not inevitable, but this means that we must focus our budgetary policies on reforms, investments and prudent policies, especially for high debt countries ". This was stated by the European Commissioner for the Economy, Paolo Gentiloni, arriving at the Eurogroup in Luxembourg. For now, Russia is giving "warning


BRUSSELS, JUN 16 - "We are sailing in turbulent waters: our vision is that recession is not inevitable, but this means that we must focus our budgetary policies on reforms, investments and prudent policies, especially for high debt countries ".

This was stated by the European Commissioner for the Economy, Paolo Gentiloni, arriving at the Eurogroup in Luxembourg.

For now, Russia is giving "warnings" about natural gas supplies "to some member states", but the Kremlin has not made "solid decisions, so we must take these signals for what they are".

This was stated by the EU Commissioner for Economy Paolo Gentiloni, arriving at the Eurogroup, after the cuts in gas deliveries by Gazprom to some EU countries, including Italy.

In the latest EU economic forecasts the emergence of problems in gas supplies was among the adverse scenarios and "this would bring growth within the year into negative territory, but for now it is not so", he added.

Source: ansa

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