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Paolo Gentiloni said that spending cuts would be "realistic," but reiterated calls for EU debt to help indebted countries reach investment targets (Photo: EC - Audiovisual Service)

EU prepares for fight on spending cuts

EU finance ministers will meet in Brussels on Monday (15 July) to discuss spending and cost-cutting plans. 

EU economy commissioner Paolo Gentiloni signalled overall cuts would be necessary in 2025, after three years of higher spending to help deal with the financial outfall of the Covid-19 pandemic, Russia's invasion of Ukraine war and ensuing gas cutoff...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Paolo Gentiloni said that spending cuts would be "realistic," but reiterated calls for EU debt to help indebted countries reach investment targets (Photo: EC - Audiovisual Service)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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