Free Trial

MNI BRIEF: Future Investment Need “Supportive” Fiscal Rules-EU

(MNI) Brussels

The EU faces a “mountain of investments” over coming years in order to finance its plans for energy independence and its green and digital transitions, EU Economy Commissioner Paolo Gentiloni said Friday.

“Financing these investments will also require a more supportive framework of fiscal rules and potentially new tools at the European level. This is a key part of the ongoing debate on the review of the economic governance. We will put forward our proposals on this after the summer,” the commissioner said.

Green and digital investments are expected to absorb €650 billion a year between now and 2030 and the REPower EU plan for energy independence will require an additional €210 billion to 2027.


MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.