Giovanna Faggionato

Brussels

European Competition Reporter at POLITICO Europe

Economics reporter @POLITICOEurope 🌍

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Articles

Paryż i Londyn, czyli dobra mina do złej gry. "Po brexicie nie powinno być żadnych korzyści dla Brytyjczyków"

6 days ago | wiadomosci.onet.pl | Marion Solletty |Giovanna Faggionato |Clea Caulcutt |Jon Stone

Francuzi od dawna mają w zwyczaju irytować Brytyjczyków. W ostatnim czasie mocno naciskają ich w kwestii ustępstw. Chcą, aby premier Keir Starmer zaakceptował je w zamian za reset z UE. Paryż odgrywał złego policjanta podczas negocjacji w sprawie brexitu i późniejszej umowy handlowej w latach 2016-2020. Teraz powtarza tę rolę, gdy Brytyjczycy chcą ponownie zbliżyć się do UE, a przełomowy szczyt w Londynie ma odbyć się za niecałe dwa tygodnie.
How Macron is playing hardball as UK’s Starmer strives for EU reset

1 week ago | politico.eu | Clea Caulcutt |Giovanna Faggionato |Jon Stone |Marion Solletty

PARIS — The French have long had a habit of annoying the British. Lately they’ve been digging their heels in over concessions they want Prime Minister Keir Starmer to accept in return for his hoped-for reset with the EU. From defense to fisheries, France’s diplomats have been playing hardball, according to officials from both sides.
16 countries to ask EU for fiscal leeway to spend big on defense

2 weeks ago | politico.eu | Giovanna Faggionato

BRUSSELS — Over half of the countries in the European Union plan to trigger an emergency clause allowing them to make defense investments that push them over the bloc's budgetary spending limits. Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Slovenia, Slovakia, and Finland want greater flexibility to boost their own defense capacity, according to a Council statement.
Impôt minimum mondial : ce que les Européens envisagent pour rassurer Trump

2 weeks ago | politico.eu | Giovanna Faggionato

BRUXELLES — Les gouvernements européens envisagent de rassurer l’administration Trump en modifiant les règles de l’UE sur l’imposition des multinationales pour exempter les Etats-Unis d’une disposition clé de l’accord mondial historique.
EU governments consider appeasing Trump on global minimum tax

2 weeks ago | politico.eu | Giovanna Faggionato

BRUSSELS — EU governments are considering appeasing Donald Trump's U.S. administration by changing European rules on taxing multinational corporations to exempt America from a crucial provision of a landmark global tax deal. Under the deal, negotiated within the Organization for Economic Cooperation and Development (OECD), almost 140 countries in 2021 agreed on setting a minimum tax rate of 15 percent on multinational corporations with financial revenues of more than €750 million a year.
Germany triggers EU’s emergency clause for defense spending

2 weeks ago | politico.eu | Giovanna Faggionato |Chris Lunday

BRUSSELS ― Germany has asked the European Union to activate an emergency clause that would allow it to rapidly increase defense investment without breaching the bloc's spending rules. Russia’s continued war of aggression against Ukraine and the "changing environment" in global security "requires a significant build-up of defense capabilities with a major impact on its public finances," acting Finance Minister Jörg Kukies wrote in a letter dated April 24 and obtained by POLITICO.
Commission livid as ECB warns of crypto apocalypse under Trump

3 weeks ago | politico.eu | Ben Munster |Giovanna Faggionato

BRUSSELS — Battle lines are being drawn between the European Central Bank and the European Commission over whether landmark rules to govern crypto currencies are strong enough to withstand the full force of Donald Trump. The ECB thinks the U.S. president's lavish support for the American crypto sector risks causing financial "contagion" that could blow up the European economy, according to a policy paper seen by POLITICO.
Why von der Leyen’s Big Tech tax plan is bluster

3 weeks ago | politico.eu | Gregorio Sorgi |Giovanna Faggionato |Giovanna Coi

BRUSSELS — Donald Trump called the European Union pathetic, so the EU set its sights on Silicon Valley to prove him wrong. European Commission chief Ursula von der Leyen has come out swinging with a threat to tax the advertising revenues of digital services if trade talks with the United States president collapse. Few diplomats will dare say openly that von der Leyen’s move to target Big Tech is a bad idea.
EU warms to boosting defense funding to secure eastern flank

1 month ago | politico.eu | Giovanna Faggionato

An EU diplomat from a small eastern country told POLITICO that even if countries at the border with Russia upped their defense spending by 20 percent, it wouldn’t be enough to secure Europe due to the smaller size of their respective economies. “We need everyone [to increase defense spending],” said the diplomat, who was granted anonymity to speak freely. Dombrovskis agreed that countries bordering Russia and Belarus were facing major risks and likely needed further support.
EU channels inner ‘Buddha’ as it reels from White House shocks

1 month ago | politico.eu | Giovanna Faggionato |Gregorio Sorgi

Officials signaled that these back-up options will dominate corridor chats in Warsaw. “What we are going to move towards is the global trade war, which reduces global growth, reduces the ability of countries to keep inflation under control,” Fabian Zuleeg, the chief executive of the European Policy Center think tank, said before Trump reversed course.