Ukraine, Gentiloni: war impact on EU growth, let’s keep up the path taken with PNRR

EU Gentiloni budget mechanisms are needed to facilitate investments

(Finance) – “The economy in Europe was recovering vigorously and we expect strong growth in the EU of 4%. Certainly the war in Ukraine will have an impact, we see it frominflation, which is + 6.2% and we expect it to grow further. Of course, the prices ofpower increase and there is a compromise of the value chains: all this generates uncertainty and has an effect on consumers and on investors. But if we act together at the European level, we can limit the impact of this crisis. “This is the message launched by the European Commissioner for Economic Affairs Paolo Gentiloni during his visit to Romania.

“Essentially, in this moment in which the war risks having an impact on our economic growth, we must keep the recovery on the path already taken thanks to growth and resilience plans. Obviously these plans were drawn up before the war but they are of extraordinary importance now, because they are capable of producing growth in a difficult situation – he added -. We cannot miss this unique opportunity because of the war. ”

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