My Tiny Feed

corriere.it

Fitto's Nomination Faces Opposition in European Parliament

Opposition to Raffaele Fitto's nomination as executive vice-president of the European Commission due to concerns over political alliances and potential betrayal of agreements supporting von der Leyen's second term.

Read original article in Italian

Italian

Italy

PoliticsEuropean UnionFranceParliamentCommissionVote

European CommissionEuropean ParliamentSocialist GroupRenew EuropePpe

Raffaele FittoUrsula Von Der LeyenRafael GlucksmannValerie HayerIratxe García Pérez

What is the PPE's strategy regarding Fitto's candidacy?: While the PPE supports Fitto's candidacy and seeks broader support, the Socialists' opposition makes his confirmation uncertain. The vote could go to a simple majority in the regional development committee if he doesn't initially secure the two-thirds needed.
How might the political situation in Spain affect the vote on Fitto's nomination?: The political situation in Spain, following recent floods, might influence the vote. The Spanish Vice President Ribera, a socialist, will be heard after Fitto, and her performance might affect the outcome, though all parties are expected to uphold the initial agreement.
Why are the Socialists in the European Parliament opposed to Raffaele Fitto's nomination?: The Socialists in the European Parliament oppose Raffaele Fitto's nomination as executive vice-president of the European Commission, citing that the alliance supporting von der Leyen in July did not include Fitto's party (ECR). They believe his appointment would be a betrayal of that agreement.
What is the overall outlook for Raffaele Fitto's confirmation as executive vice-president?: Fitto's confirmation hinges on securing sufficient support from other parliamentary groups. The PPE's strategy focuses on emphasizing the importance of recognizing Italy's significant role within the EU but faces resistance from key groups.
What is the position of other parliamentary groups besides the Socialists regarding Fitto's nomination?: The Liberals and Greens also express reservations about Fitto's appointment. Valerie Hayer, Renew Europe's president, wrote to von der Leyen expressing concern about a potential breach of the agreement supporting her second term as Commission president.

Jan 16, 10:09

EU Gives France Leeway on Austerity Budget

France's new €53 billion austerity plan, involving spending cuts and tax hikes to reduce its deficit, has been met with tacit approval from the EU, although concerns remain about long-term fiscal impacts and the potential dilution of pension reforms.

Jan 6, 01:05

Le Maire to Advise ASML on European Semiconductor Investment

Former French Economy Minister Bruno Le Maire will advise Dutch semiconductor company ASML on European investment starting January 2025, following approval from France's public transparency authority with conditions to avoid conflicts of interest; this comes as ASML considers moving production to France due to French government investment in the sector.

Jan 1, 10:06

French Political Crisis Increases Borrowing Costs Despite Stable Economy

France faces a political crisis following the dissolution of the National Assembly, threatening the 2025 budget; while economic indicators (1.1% growth, 7.4% unemployment) are not alarming, the spread between French and German borrowing rates is widening to 0.8 points, reflecting diminished investor confidence.

Dec 24, 07:11

French Political Crisis Creates Paradox for Israeli Investors

France's political crisis, triggered by the rejection of Michel Barnier's budget, has caused economic instability, increasing public debt to 113% of GDP and decreasing investor confidence, creating a paradox for Israeli investors weighing risks against potential opportunities in undervalued sectors.