Jorge Valero @europressos Twitter profile

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Jorge Valero

5 years

This week, 15 years ago, I finished my Journalism studies. At that time, I wanted to work abroad and cover international affairs, mainly EU matters. Despite facing another marathonian summit today, I still believe these years have been worth the ride. (Thread)

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Jorge Valero

@europressos

3 months

Belgian summer at its best

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Jorge Valero

@europressos

3 years

❗️❗️❗️ NOW: Von der Leyen announces that the EC has triggered the conditionality mechanism vs #Hungary by sending the formal letter of notification

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Jorge Valero

@europressos

3 years

While we're here…. PERSONAL NEWS KLAXON 🚨 Thrilled to announce that I will be joining Bloomberg in October as EU economic policy reporter (covering fiscal rules, recovery fund & more) Very excited to start this new journey and become part of its amazing Brussels team!

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Jorge Valero

@europressos

2 years

NOW: Hungary keeps blocking 18bn package for Ukraine Experts (EFC) will work now to find 'Plan B' to release some funds for Kyiv in Jan. without amending EU budget rules (using headroom of budget vetoed by Budapest). We'll wrap up this 2022 by having an Orban show next week #EUCO

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Jorge Valero

@europressos

3 years

Netherlands will send 200 Stinger anti-aircraft missiles to Ukraine ASAP, plus other military aid approved earlier, government said. Czechs will send machine guns, sniper rifles, handguns & ammo worth about $9 million. More NATO countries sending arms/ammo -via @TheTerminal

Manu Brabo

@ManuBrabo

3 years

Armas pal pueblo. Increíble el nimer9 de civiles en Los puntos de recogida de armas. Si Putin buscaba someter a la población ha conseguido justamente lo contrario. Kiev se va a llenar de milicias y va ser un chocho cojonudo.

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Jorge Valero

@europressos

4 years

“Spain, for example, might wish unilaterally to revisit the Treaty of Utrecht of 1713, under which it handed sovereignty over #Gibraltar to Britain.”

Britain threatens to flout international law

Boris Johnson’s readiness to break a treaty as a negotiating tactic is both foolish and dangerous

www.economist.com

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Jorge Valero

@europressos

3 years

🍿🍿🍿Spain & The Netherlands, longstanding rivals in EU's economic governance, will present on Monday a joint paper on the Stability and Growth Pact review. The document will also cover the Banking Union and Capital Markets Union. #Eurogroup #Ecofin

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Jorge Valero

@europressos

3 years

❗️NOW: EU APPROVES BANNING ALL TRANSACTIONS WITH RUSSIAN CENTRAL BANK - via @TheTerminal

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Jorge Valero

@europressos

3 years

EU official confirms that Biden will attend EU summit next week

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Jorge Valero

@europressos

3 years

NOW: Spain announces closure of airspace to Russian planes

Ministerio Transportes y Movilidad Sostenible

@transportesgob

3 years

España procederá al cierre del espacio aéreo a las aerolíneas rusas. Siguiendo las directrices de cooperación marcadas por la Unión Europea, esta medida tendrá efectos en los vuelos operados por las aerolíneas rusas que usen el espacio aéreo español.

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Jorge Valero

@europressos

4 months

❗️NEW: Got details of Draghi report: - to be published around 3rd week July - 400 pages long, half econ analysis - chapter on financing still developing (issue joint borrowing remains open) - he didn’t tour capitals, got input from Nobel laureates, firms

Draghi Showcases Sweden in Push for a More Productive EU

Former European Central Bank chief Mario Draghi said Sweden is an example for the European Union to emulate in its push for more productivity while retaining a robust safety net for the poor.

www.bloomberg.com

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Jorge Valero

@europressos

3 years

❗️EU's Borrell says that the bloc will provide fighting jets to #Ukraine

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Jorge Valero

@europressos

5 years

. @eucopresident discussing with @sanchezcastejon , Merkel, @EmmanuelMacron to unblock the stalemate #EUCO

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Jorge Valero

@europressos

3 years

🇸🇪& 🇩🇪sending weapons. Berlin setting up defense fund way bigger than Russia's military spending EU coming together to send weapons to a neighboring country Unprecedented sanctions by G7 vs major central bank & blocking SWIFT Putin has beaten #covid in terms of changing paradigms

Ann Linde

@AnnLinde

3 years

Sweden will send military aid to Ukraine 🇺🇦. It includes 5,000 anti-tank weapons, 5,000 helmets, 5,000 body shields and 135,000 field rations. It also includes 500 million SEK to the Ukrainian Armed Forces🇺🇦. The total support is almost 1,4 billion SEK.

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Jorge Valero

@europressos

3 years

First day @Bloomberg

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Jorge Valero

@europressos

3 years

Speaking of…and this is a BIG development …

Bundeskanzler Olaf Scholz

@Bundeskanzler

3 years

The Russian invasion marks a turning point. It is our duty to support Ukraine to the best of our ability in defending against Putin's invading army. That is why we are delivering 1000 anti-tank weapons and 500 #Stinger missiles to our friends in #Ukraine .

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Jorge Valero

@europressos

2 years

But Orban needs member states’ approval of its €5.8bn recovery fund by end-year or risks losing 70% of the money. Plus markets are looking very closely. So even if he plays the victim role (EC’s disproportionate decision on €7.5bn etc…) he cannot overplay his hand.

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Jorge Valero

@europressos

2 years

So it happened 🙈 #FirstTime

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Jorge Valero

@europressos

1 year

👉Xi’s decision to stay away from this G20 summit may have been intended to deny India its moment. Instead, Modi — along with the US & Europe — figured out how to more effectively counter China. Read our wrap-up story, by @ACBerlin & @s_westall

India’s G-20 Win Shows US Learning How to Counter China’s Rise

Xi Jinping’s decision to stay away from the Group of 20 summit may have been intended to deny India its moment. Instead, Prime Minister Narendra Modi — along with the US and Europe — figured out how...

www.bloomberg.com

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Jorge Valero

@europressos

4 years

We are prepared #resilience #Brussels

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Jorge Valero

@europressos

2 years

❗️❗️❗️Scoop: European Commission is expected to grant candidate status to #Ukraine next week. It will be a positive opinion with conditions related to the rule of law and the fight against corruption, we are told. - with @AlbertoNardelli

Ukraine Likely to Win Initial EU Backing for Path to Membership

The European Union’s executive arm is expected to recommend next week that Ukraine be granted candidate status, a key step on the long path to EU membership, according to people familiar with the...

www.bloomberg.com

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Jorge Valero

@europressos

2 years

❗️NOW: Sanchez's mobile was hacked with Pegasus spyware twice in May 2021, Spanish government spox says now during last-minute press conference. Minister of Defense's mobile was also hacked.

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Jorge Valero

@europressos

3 years

Remember Spanish labour market reform being the litmus test of EU recovery fund? Well…following years of EC’s demands, months of delicate negotiations btw social partners and a nail-biting vote, the reform passed this eve by only one vote… the mistake of a PP member

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Jorge Valero

@europressos

2 years

EU finance ministers also postponed decision on suspension of up to €7.5bn of Hungary’s EU funds. If Orban raises this issue to EUCO, he’d gain more time to keep reducing bill by concluding outstanding measures & using Pillar2/Ukraine as leverage. Ecofin on 19? (Super tight)

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Jorge Valero

@europressos

3 years

👉 @vonderleyen : “Our target was to protect 70% of adults in the EU with at least one vaccination in July. Today we have achieved this target.” 👉57% of adults already received double vaccination.

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Jorge Valero

@europressos

6 years

Was there anything missing to shake up even more #G20Summit ? A tremor registered in Buenos Aires few moments ago

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Jorge Valero

@europressos

4 years

European Parliament is warning journalists that "due to the quickly changing situation", plenary session in mid-September may not take place in Strasbourg. I've been told that there's a 50%-50% chance that @vonderleyen 's 1st 'state of the EU' speech on 16 sept will be in Brussels

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Jorge Valero

@europressos

3 years

❗️NOW: EU Commission triggers offsetting procedure to deduct Poland’s unpaid fine related to Turow mine case against EU funds, EC spox says First time EC uses this tool. Commission will start offsetting around 15m euros but the fine has already surpassed 60m. Via @TheTerminal

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Jorge Valero

@europressos

5 years

No vaciéis los supermercados! Si hay desajuste entre oferta y demanda no será x problema d suministro, sino x el egoísmo d la gente. ¿Qué pasa con quienes no pueden ir tan rápido a comprar, como los médicos y enfermeras q cuidan a vuestros abuelos en los hospitales y residencias?

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Jorge Valero

@europressos

5 years

"Amazon has grown enormous, in part, by shirking tax responsibility. The government rewards this failure with massive contracts, which will make the company even bigger." #Mustread for the weekend

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Jorge Valero

@europressos

3 years

❗️OUR story this morning @EU_Commission is working on a new instrument to jointly issue debt & invest in defense and energy independence, we’re told. Work on details (mechanism, volume…) still ongoing- EC expects guidance from leaders this week.

EU to Consider Massive Joint Bond Sales to Fund Energy, Defense

The European Union is discussing a plan to jointly issue bonds on a potentially massive scale to finance energy and defense spending as the bloc copes with the fallout from Russia’s invasion of...

www.bloomberg.com

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Jorge Valero

@europressos

3 years

Goosebumps. Back to the Commission’s press room for the first time after 15 months, together with a dozen of colleagues.

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Jorge Valero

@europressos

5 years

A parachuted Commission president (breaking lead candidate process), a non-banker ECB chief (having a former minister as vice-president), a kicked-out prime minister as European Council boss... Is this the package we want for such a critical period for Europe? #EUCO #EUTopJobs

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Jorge Valero

@europressos

3 years

France, Spain, Czech Rep., Greece & Romania call for better coordination of gas purchases at EU level and reform of wholesale electricity market. First joint move ahead of Commission’s energy communication next week & energy package in December.

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Jorge Valero

@europressos

6 months

❗️NEW Macron in talks with EU leaders including Meloni to find alternatives to VDL — such as Draghi, we’re told Some officials interpreted his move as a ploy to extract concessions from her. With @Newsbaum_ @chiaraalbanese @E_Krukowska @AlbertoNardelli

Macron Is Gauging Support for a Plan to Install Draghi in the Top EU Job

French President Emmanuel Macron, who was instrumental in making Ursula von der Leyen the European Commission president five years ago, is now in talks with fellow EU leaders to find a different...

www.bloomberg.com

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Jorge Valero

@europressos

3 years

VDL: "Commissioner Hahn has today spoken to the Hungarian authorities and informed them that we will now send the letter of formal notification to start the conditionality mechanism."

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Jorge Valero

@europressos

4 years

❗️The final draft of the vaccine mechanism, w last-minute inclusion of art. 16 from von der Leyen's team, was sent to cabinets at 15.21pm. Some heads of cabinet were reading it while press conference ongoing. This is how @vonderleyen 's centralism failed.

How the vaccine export control blunder exposed von der Leyen's 'flawed' centralism

Relevant EU commissioners were not consulted and staffer members had less than 30 minutes for a “quick check” before the EU's proposed vaccine export control mechanism was presented to journalists...

www.euractiv.com

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Jorge Valero

@europressos

3 years

❗️NEW>Commission is preparing to withhold budget payments to Poland for refusing to comply with a 500,000 euro-a-day fine as part of Turow mine case. Warsaw owes more than 50 million euro. Commission already sent 3 payment requests to Polish government.

EU to Begin Withholding Millions in Polish Funds for Unpaid Fine

The European Union is preparing to withhold budget payments to Poland for refusing to comply with a 500,000 euro-a-day ($568,150) fine. The total amount Warsaw owes is now more than 50 million euros.

www.bloomberg.com

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Jorge Valero

@europressos

3 years

And here our story

EU Rules Out Concessions to U.K. Over Court’s Northern Ireland Role

The European Union categorically rejected U.K. demands that it reconsider the role of the European Court of Justice in overseeing the Northern Ireland protocol.

www.bloomberg.com

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Jorge Valero

@europressos

2 years

❗️NOW - Polish recovery plan - There was a vote on the topic during college discussion and @vestager voted against

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Jorge Valero

@europressos

2 years

❗️Commission is leaning toward the inclusion of milestones related to independence of Justice in Hungary’s recovery plan. “It’s not only about the fight against corruption,” Reynders told us. VDL also on board, we’re told. Officials expect plan by end Sept

EU Set to Press Hungary on Judges’ Independence in Funds Clash

The European Union aims to push Hungary to strengthen the independence of the country’s judges as a condition for obtaining 5.8 billion euros ($5.8 billion) in grants from pandemic recovery funds.

www.bloomberg.com

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Jorge Valero

@europressos

4 years

Merkel-Macron's stealing of political initiative by presenting their ideas 4 EU recovery plan ahead of @vonderleyen 's will only deepen the feeling her Commission is Council secretariat- despite what they may think, having a weak EU exec will weaken us all 4 big issues (US, China)

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Jorge Valero

@europressos

2 years

EP plenary debate on the priorities of the Czech presidency starting now. Quick count: less than 50 MEPs in the hemicycle

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Jorge Valero

@europressos

4 years

This is the new text on Rule of Law, which was supported by EU leaders at the start of the dinner by acclamation. (Second pic replaces paragraphs 22-27)

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Jorge Valero

@europressos

6 years

El Parlamento Europeo está a punto de debatir los presupuestos plurianuales para el próximo periodo (2021-2027) pero antes están saliendo en el pleno temas españoles: el fin de ETA y #LaManada

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Jorge Valero

@europressos

3 years

Ahead of EU-UK talks on Friday, @vonderleyen categorically rejected concessions to U.K. over ECJ's role in Northern Ireland Protocol. Protocol is part of EU law & “there’s one institution that is ruling on European law and it is the European Court of Justice," she tells @flacqua

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Jorge Valero

@europressos

2 years

❗️NOW: @vonderleyen pays unannounced visit to KYIV in a boost to #Ukraine ’s bid to join the EU. She’ll meet with Zelenskyy to discuss at length the country’s request to become EU member & reconstruction. 👉👉AND we’re here with her. More details via @TheTerminal

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Jorge Valero

@europressos

3 years

War of words btw @vestager & @ThierryBreton as strategic autonomy debate heats up inside Commission, -competition rules update next week Vestager:“Self-sufficiency is an illusion”. Breton:“Believing Europe should depend on others for chips is an illusion."

Chip Shortage Sparks War of Words Between Top EU Officials

France’s top European Union official took a thinly veiled swipe at EU antitrust chief Margrethe Vestager’s “naive” and “narrow-minded” stance in a clash over how to tackle a dearth in semiconductor...

www.bloomberg.com

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Jorge Valero

@europressos

2 years

❗️Timmermans opens the door to NGEU2.0 (he's the one who gave the denial to our story in March.) 1/“There will be a moment, sooner or later, when we will have to look at finances at European scale like what we have done with covid..."

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Jorge Valero

@europressos

3 years

National recovery plans: Portugal sends its final version to @EU_Commission , the first country to submit its investment & reform proposals to unlock the recovery funds. Spain, Greece & France expected to follow in the next few days.

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Jorge Valero

@europressos

2 years

EC will present new analysis of HU’s anti-corruption measures by Fri as MS wanted. Coreper will discuss early next week if they support EC’s €7.5bn suspensio -then we’ll see if HU takes issue to EU leaders next Thu. Our story w @ZoltanSimon10 & @nat_droz

EU Delays Hungary Funding Decision to Focus on Ukraine Aid, Global Tax

The European Union’s standoff with Hungary deepened as a dispute over the fate of $14 billion of funding for Budapest scuppered attempts to push through crucial aid for Ukraine and a global minimum...

www.bloomberg.com

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Jorge Valero

@europressos

4 years

The final agreement on RoL confirmed this👇 Rutte took all the heat for three days, while everybody became exhausted, and then Orban scored one of the victories of his life. For 10 years he eroded RoL in HUN by exploiting issues at EU level. He played the same game in this summit

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Jorge Valero

@europressos

5 years

I knew that having a bar at home would be useful one day #coronavirus #Belgium

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Jorge Valero

@europressos

4 years

. @EU_Commission will release in the next couple of days new guidelines to member states on how to prepare their reforms as part of recovery plans, to take into account what was agreed with European Parliament (RRF deal). But the message is already clear:

Commission demands more precision and ambition in national recovery plans

Member states should include more specific milestones and targets and more ambitious reforms in their recovery plans to access the unprecedented stimulus package to combat the COVID pandemic, the...

www.euractiv.com

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Jorge Valero

@europressos

7 years

Real Madrid lost today against Girona- Puigdemont was mayor of this city... A sufficient revenge for him?

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Jorge Valero

@europressos

4 years

Entrevistamos a @lugaricano . Aunque podamos tener 140.000 millones del nuevo fondo para la recuperación, cree que sería bueno para España acudir al MEDE, porque nuestras necesidades de financiación son “gigantescas”. Y acepta la condicionalidad “micro”

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Jorge Valero

@europressos

3 years

❗️OUR Christmas exclusive: EU is considering export controls during crises as part of sweeping new powers to protect the bloc’s supply chain (replicating vaccine export mechanism). Proposal to come in spring

EU Weighs Sweeping New Powers to Maintain Supplies During Crises

The European Union is weighing a broad set of new powers, including possible export controls, that would give it the ability to protect the bloc’s supply chain during periods of crisis.

www.bloomberg.com

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Jorge Valero

@europressos

5 years

THIS MORNING> The verdict in the trial of Catalan separatist leaders over their role in the independence referendum in 2017. Junqueras (vice-president of the regional government) sentenced to 13 years

EL MUNDO

@elmundoes

5 years

#ÚltimaHora 🔴 Sentencia del procés | El Supremo condena a Oriol Junqueras a 13 años de cárcel.

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Jorge Valero

@europressos

1 month

‼️In case you missed our scoop: EC has prepared decision to trigger conditionality mechanism vs Slovakia - final decision in @vonderleyen ’s hands, we’re told. Decision would target its cohesion funds (nearly €13bn) but RRF also in sight. W @Dan_Hornak

EU Weighs Blocking Slovakia Funds Over Democratic Backsliding

The European Union is working on a proposal to censure Slovakia over the erosion of democratic norms in a move that could result in the bloc withholding funds earmarked for Bratislava.

www.bloomberg.com

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Jorge Valero

@europressos

6 years

Our story this morning: EU- #China summit nearing fiasco as Europeans step up pressure. Germany, France, Italy, the UK, Netherlands, Poland, Sweden and Belgium said they would refuse having summit statement unless substantial progress was achieved.

LEAK: Europe puts pressure on Beijing ahead of EU-China summit

The European Union is ready to refuse signing a joint statement with China at a bilateral summit next Tuesday (9 April), as Europeans request stronger commitment from Beijing on the economy, trade...

www.euractiv.com

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Jorge Valero

@europressos

5 years

😩 Council services just warned us about what is coming on Sunday's EU summit #EUCO 18.30 Working dinner If necessary, the meeting may continue with a breakfast on Monday 1st July. *** If necessary, rave party to celebrate the election of new presidents [place to be confirmed]

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Jorge Valero

@europressos

4 years

NOW: We got a pic of Frugals meeting with @sanchezcastejon , @GiuseppeConteIT & @kmitsotakis

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Jorge Valero

@europressos

4 years

Five articles, two press conferences, two hearings, one briefing... I think I earned my Chouffe today.

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Jorge Valero

@europressos

5 years

It rains in Qatar very rarely. It happened twice my first day here. Seems I bring lovely Brussels weather wherever I go 🤦‍♂️

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Jorge Valero

@europressos

3 years

❗️. @JHahnEU voted vs #Fitfor55 . Around 1/3 commissioners expressed concerns. There’s a general feeling of frustration about how @vonderleyen handled one of main initiatives of her mandate. Criticism is growing vs president. We got the inside story for u.

Green package unleashes criticism against von der Leyen inside the college

Some EU Commissioners expressed concerns on Wednesday (14 July) about the landmark ‘Fit for 55’ climate legislation package and criticised the way the massive initiative to transform the European...

www.euractiv.com

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Jorge Valero

@europressos

3 years

Covid test for the summit positive :/ But feeling ok. Stay safe! 💪

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Jorge Valero

@europressos

3 years

My first Bloomberg’s Brussels edition newsletter. Teamwork at its best, with @aoifewhite101 , @JohnFollain , @johnainger & @KevinWhitelaw1 . #Brexit #Gibraltar #energycrisis #Afganistan #Germany #Kazimir #greenbonds #AdBans #Ukraine #steel & 🐙 raids

Brexit Fight Reignites as U.K. Demands New Pact

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

www.bloomberg.com

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Jorge Valero

@europressos

3 years

🇪🇸-🇳🇱paper on fiscal rules review. Joint effort offers solid guarantees for a significant SGP review (even if 3%/60% thresholds remain untouched) because -the strong political signal it represents (current context helps BIG time) -confirms EC’s building blocks outlined in March👇

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Jorge Valero

@europressos

6 years

To EU leaders: please create a Doodle to decide #Brexit extension faster. Don’t torture us #EUCO

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Jorge Valero

@europressos

4 years

I think your life hits rock bottom when you have your late (late) lunch while you watch a recorded Ecofin press conference.

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Jorge Valero

@europressos

3 years

. @MorawieckiM > "We're buying as EU lots of Russian gas, lots of Russian oil and President Putin is taking the money from us, from the Europeans and he's turning this to aggression, invasion, he's destabilizing the whole of Europe" (via @Skolimowski )

Javier Blas

@JavierBlas

3 years

And this is confirmed: European utilities are set to buy tomorrow more Russian natural gas (from Gazprom) via Ukraine pipelines. Yes, you read that right: Europe will be buying more natural gas. From Russia. Via Ukraine. Tomorrow.

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@europressos

5 years

Southern member states meet to agree on EU’s top jobs aftr dinner in Helsinki, sidelining Luxembourg’s iron fist( @diego_bxl ) to overcome stalemate-A deal is within reach.But talks may conclude aftr breakfast. @susanafrexes @lluispellicer @marcobreso @grispastor #Spitzenkandidat

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Jorge Valero

@europressos

5 years

This is ⁦ @eucopresident ⁩’s EU budget proposal for the EU leaders, amounting to 1.07% of EU’s GNI, as the Finns proposed. As expected, big cuts on Agri & Cohesion #EUCO

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Jorge Valero

@europressos

5 years

Diplomats confirm that main discussion now is btw how EPP & liberals split other posts- Commission presidency 4 Timmermans. Tentative agreement would be Georgieva for European Council chief and liberals High Rep (Michel or Vestager). EP presidency spilt btw Weber & liberal #EUCO

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Jorge Valero

@europressos

5 years

. @JunckerEU : "Nobody understands England but everybody understands English"

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Jorge Valero

@europressos

3 years

❗️BREAKING: Spanish recovery plan: EFC (Council) has endorsed today the Commission’s positive preliminary assessment of Spain’s 1st payment request. Process to be completed tomorrow (comitology). €10bn expected to arrive by end year, as 🇪🇸 was pushing hard to secure.

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Jorge Valero

@europressos

4 years

'Great Stimulus' day has come! @vonderleyen will present this afternoon in EU Parliament the largest fiscal stimulus ever in the EU history to protect the integrity of € & internal market & save the bloc...& his mandate. A lot at stake, cc: 'Frugal 4' #coronavirus

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Jorge Valero

@europressos

3 years

More info 👇

Stephanie Bodoni

@StephanieBodoni

3 years

This has been months in the making: The European Union is kick-starting a long process that could ultimately deny newly re-elected Hungarian Prime Minister Viktor Orban more than €40 billion in EU funding via @bpolitics with @europressos @ZoltanSimon10

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Jorge Valero

@europressos

3 years

Back from Canary Islands and never thought that the first thing I would need to unpack is the sunblock

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Jorge Valero

@europressos

4 years

#Davos days are insane (in many ways), hectic, full of stories & anecdotes. It was a great (& exhausting) experience over the past years & what I’ll miss the most is sharing the fondue & the piano bar with great colleagues like @agvicente , David Del Río & my dearest @BeaRios_

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Jorge Valero

@europressos

4 years

Bea is a dedicated journalist, an amazing reporter, a generous and fun colleague and, above all, an excellent person. These 2 years wouldn’t have been the same without you. Simply, eres la mejor.

Beatriz Ríos

@berios

4 years

And now that EU finances are on track, personal news klaxon🚨 After two extremely enriching & stimulating years, I am leaving @EURACTIV this summer. If you are searching for an experienced reporter, I am open to new opportunities and available for assignments 🚀

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Jorge Valero

@europressos

3 years

Un día como hoy, hace 10 años, un grupo de corresponsales y enviados especiales nos hicimos una foto con Zapatero tras su última cumbre europea en Bruselas…

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Jorge Valero

@europressos

3 years

Italy & Spain, largest beneficiaries of EU's recovery fund, will face one of their toughest committed reforms already by end of this year: Justice system (IT) & labour market (ES), as both countries are frontloading their reforms. So we'll know pretty soon if RRF has a future

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Jorge Valero

@europressos

4 years

❗️OUR EXCLUSIVE this morning. We took a deep dive into the Commission's contracts with the 'Big Four' consultancy firms. And I have to admit I was the first one surprised by the immense amount of resources spent in consultants. #THREAD 👇

EXCLUSIVE: Commission’s ballooning bill with consultancy firms revealed

The European Commission spent more than €462 million between 2016 and 2019 in contracts with the ‘Big Four’ consultancy firms, according to estimates made by EURACTIV based on official documents.

www.euractiv.com

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Jorge Valero

@europressos

3 years

❗️OUR STORY now: EU Commission to send letters to Hungary & Poland within days (possibly early next week) seeking info on how EU funds spent amid concerns of misuse of €. Only pending @vonderleyen ’s blessing to trigger RoL mechanism. With @StephanieBodoni

EU Ready to Turn Up the Financial Heat on Poland and Hungary

The European Union is ready to formally ask Poland and Hungary to address allegations that they have been misusing the bloc’s funds, according to officials familiar with the discussions.

www.bloomberg.com

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Jorge Valero

@europressos

3 years

My first story with @Bloomberg . We got details of the Northern Ireland package that the Commission will present as early as next week

John Follain

@JohnFollain

3 years

The EU is drafting proposals to address British concerns about trade flows between Northern Ireland and the rest of the U.K. to be presented as early as next week via @bpolitics @europressos

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Jorge Valero

@europressos

11 months

❗️NEW: EU Commission is nearing approval of around €550m of EU funds for Poland to reduce energy dependence from Russia (Repower pre-financing), we are told. Decision with no conditionality to be confirmed by Ecofin in early Dec. -with @Natalia_Ojewska

Poland Is Set to Win Approval for Some EU Funds by End of Year

Poland is expected to access some additional European Union financing by the end of the year, as opposition leader Donald Tusk prepares to take over the country’s premiership.

www.bloomberg.com

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Jorge Valero

@europressos

3 years

EU Commission calls on Spain to respect commitment to submit labour market reform by end year, as agreed in recovery plan. 🇪🇸 Gov finding difficult to reach deal with employers/unions. But EC warning is for all member states: respect the reform calendar included in recovery plans

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Jorge Valero

@europressos

4 years

❗️❗️LEAK: We got the long-awaited #cryptocurrency proposal. Commission proposes strict rules for "significant e-money tokens" like #Libra , including a new 'superbody' of national & EU authorities to oversee it. They'll be considered as credit institutions.

LEAK: EU to create 'superbody' of watchdogs to oversee digital currencies

The EU will set up a new college of supervisors, including national and European authorities, to oversee “significant” digital currencies including Facebook’s Libra, according to the European...

www.euractiv.com

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Jorge Valero

@europressos

2 years

👉Minimum tax deal removed from the #ecofin agenda tomorrow as Poland continues to block the EU agreement. FR didn’t convince Warsaw despite the efforts made till very last minute… (but expect solution to come once EC approves Polish recovery plan)

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Jorge Valero

@europressos

5 years

INTERESTING: while Juncker said before that “there will be no prolongation”, Tusk just said that “if there’s a request for an extension, I will consult with member states to see how they react”. This is key, considering how likely is Westminster’s rejection. #EUCO #BrexitDeal

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Jorge Valero

@europressos

5 years

Here (again) the distribution per member state of Commission’s #coronavirus liquidity assistance. 1st column is the unused funds (that they would have to give back to Brussels) & they can reallocate to health sector, SMEs, workers. 2nd column EU funds they could unlock using them

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Jorge Valero

@europressos

1 year

❗️NEW: We got the digital euro proposal: EU Commission's plan would require the ECB to set limits on its use without proposing specific thresholds, only certain conditions. Digital euro mandatory with few exceptions, according to draft.

EU Plans to Have ECB Set Limits on Use of Digital Euro

The EU’s executive arm will unveil plans for a digital euro that would require the European Central Bank to set limits on its use without proposing specific thresholds on transactions or holdings.

www.bloomberg.com

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Jorge Valero

@europressos

5 years

Here my last story of the season. Member states (especially France) pushing for improving the functioning of EU summits. But maybe @CharlesMichel won’t be happy with the interference. And now... holidays!!! 💃💃💃

Leak: Capitals seek to reform EU summits to cope with Trump era

EU countries are working on a review of their summits to improve their efficiency amid the challenges posed by Donald Trump, China and other foreign actors, according to official notes seen by...

www.euractiv.com

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Jorge Valero

@europressos

6 years

Great pic by the @EUCouncilPres : @markrutte intervenes in the "robust" discussion @theresa_may had with @JunckerEU today, as she described it. Apparently she complained about Juncker's remarks yesterday when he called her demands on the backstop "nebulous" #EUCO #Brexit

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Jorge Valero

@europressos

3 years

We’re told that @EU_Commission will relaunch the Stability & Growth Pact review on 19 October. Energy crisis likely to become another argument for those who want to ease the fiscal rules (social spending & green investment needed).

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Jorge Valero

@europressos

4 years

So it happened. EU's recovery fund & long-term budget blocked by Hungary & Poland

Sebastian Fischer

@SFischer_EU

4 years

‼️ #COREPER update: Own resources decision 👉 EU Ambassadors could not reach the necessary unanimity for initiating the written procedure due to reservations expressed by two member states.

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Jorge Valero

@europressos

3 years

❗️EU Commission will publish tomorrow its strategy to counter China's influence in standard-setting in key technologies. The EU is also concerned about the 'excessive influence' of some companies. We got the draft document- with @AlbertoNardelli

EU Seeks to Counter China’s Influence Over Global Standards

The European Union is seeking to boost its role in standard setting for key digital and green technology amid concerns that China and some corporations are wielding “excessive influence.”

www.bloomberg.com

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Jorge Valero

@europressos

2 years

#Germany basically "too big to fail" (in energy field) so MS solidarity required to avoid what could quickly become a huge economic mess for EU market if Berlin absorbs all demand reduction - this is EC's line (as per its chief spox) & what I heard from senior EU diplomats

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