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Economy commissioner Paolo Gentiloni said new deficit and debt rules will have to be enforceable and realistic (Photo: European Commission)

EU Commission: This Covid wave will not hit economy as hard

The new Covid-19 pandemic wave will not hit the EU economy the same way as it affected the bloc's member states this time last year, the EU Commission said on Wednesday (24 November).

"Our estimate is that the economic consequences will not be as serious as they have been last winter," economic commissioner Paolo Gentiloni told reporters, when presenting the executive's recommendations for EU countries.

He said it is "not only because the economy is more adapted to infections, b...

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

Economy commissioner Paolo Gentiloni said new deficit and debt rules will have to be enforceable and realistic (Photo: European Commission)

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

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