Georgieva Urges EU VAT Harmonization and Preservation of Emissions Trading System

• Kristalina Georgieva said the EU should harmonize VAT across Europe and keep the emissions trading scheme, arguing both systems work well.
• She stressed that deeper fiscal convergence is needed in the EU and that emissions trading supports cleaner production and renewable energy development.
• Georgieva warned that crisis support should be temporary and targeted, and backed the ECB’s policy to fight inflation.
• She said Europe must be prepared for further shocks, with a real risk of recession if the current fuel-price crisis is not resolved soon.
• She also highlighted growing risks from AI and cyber threats, and said sanctions and war are weakening Russia’s economy.

Source: bta.bg

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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