It's time for heartbreaking revisions.
"We are not in the worst-case scenario, but the risks of getting there are increasing,"
summed up Paolo Gentiloni, European Commissioner for the Economy, on his arrival at a meeting of finance ministers from the euro zone on Monday. in Brussels.
“We are sailing in troubled waters”,
he insisted, namely in
“very limited growth”,
if it is
“not negative for the moment”.
A perspective that would become inevitable in the event of a total cut off of the Russian gas tap.
The Brussels Commission is already preparing to revise its economic forecasts downwards on Thursday and to raise its estimates for inflation.
Meeting this morning in Ecofin, the 27 EU economy ministers are walking on eggshells to develop their economic and budgetary strategy for 2023.
“We must be clear and transparent about what we can do to help our citizens and our companies, but also on what is not in our field of action”,
specifies…
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