Paola Tamma
EU correspondent at Financial Times
Made in Italy. Email paola.tamma@ft.com
ft.com/paola-tamma
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- One year on, implementation of Mario Draghi's recipe for Europe's economic renaissance is shy and partial, as EU headspace has been preoccupied with crisis mode, analysis found. @alicemhancock.bsky.social @bmoens.bsky.social www.ft.com/content/4423...
- Trump says Ukraine has to «get ready to sign something» and engage in «some swapping of territories» with Russia as he announces meeting with Putin in Alaska on August 15 - with Amy Mackinnon and @christopherjm.ft.com on.ft.com/3Hs3Y37
- EU halts retaliatory tariffs as it finalises US trade deal, in spite of tariff relief for cars, exemptions & quota system for steel and aluminium yet to be agreed www.ft.com/content/16c7...
- Trump said he'll levy "rest of world" with tariff of "15 to 20pc range" aka same or slightly higher than what the EU got by lowering tariffs and committing to +1.3TN$ US purchases/investments. I expect this won't sit well with EU countries ... ft.com/content/d974... via @financialtimes.com
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- In the aftermath of a handshake and thumbs up picture from Trump's Turnberry golf course - here is what we know of the US/EU trade deal (and what is yet TBD). With @alicemhancock.bsky.social @aimewilliams.bsky.social & Emily Herbert www.ft.com/content/85c5...
- As public outcry over of Zelenskyy's power grab grows, @christopherjm.ft.com profiles the man behind Ukraine's wartime president: "Yermak has come to personify ..whether centralised powers imposed by the wartime administration might cripple Ukraine’s democratic future once the war ends"
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- How NOT to prepare and present a budget proposal to ensure buy in from colleagues and eventually EU countries — who will have to foot the bill. With @henryjfoy.ft.com and @bmoens.bsky.social www.ft.com/content/c88e...
- The EU commission will unveil proposals for the bloc's next budget today - this is what we know so far: 1. the amount (TBC) would be a +60pc increase in current prices compared to present budget / continues www.ft.com/content/4dc4...
- 2. How does the EU pay for it? Mostly from taxpayers' money, with richer countries paying in more than they get out. But Germany, largest net payer, has ruled out paying more, as have the Netherlands, Austria, Sweden www.ft.com/content/f71b...
- 3. To make up the shortfall, the commission is proposing a host of new levies, including a tax on companies that turn over €50m/y, another on e-waste, a fee on flown-in packages, and hikes in tobacco tax, custom duties, VAT, etc. www.ft.com/content/238c...
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View full thread10. If this is how it is being received WITHIN von der Leyen's commission — just imagine once it lands across the road in the council, where EU countries will tear it apart for the next two years. Fun times ahead.
- Scoop🚨 Brussels will shift billions in EU funds eastward as it seeks to counter security threats from Russia, a leaked formula underpinning the distribution of the future budget shows. www.ft.com/content/c668...
- In the big budget battle the EU is readying to fight for the next two years, one winner has already emerged: farmers, who secured their subsidies despite efforts to “modernize” the EU budget. Story with the indefatigable @alicemhancock.bsky.social on.ft.com/44jvTes
- EU plans ways to fill Ukraine’s budget gap in 2026 as Kyiv grapples with continued Russian attacks that dashed hopes of a ceasefire. With @henryjfoy.ft.com on.ft.com/45T0uAF
- New 🚨The European Commission plans to propose a new joint debt instrument to tap capital markets in times of crisis, as part of the upcoming EU budget. Read it in @financialtimes.com www.ft.com/content/2f12...
- NEW: G7 countries reach an agreement that would see US companies exempted from a global taxation deal – in exchange of the US abandoning retaliatory actions against jurisdictions perceives as having discriminatory taxation
- Ursula von der Leyen faces no-confidence vote over Pfizergate at the same time that she faces crumbling support from the liberals and left over a greenwashing directive, report my colleagues @andybounds.bsky.social + @alicemhancock.bsky.social www.ft.com/content/8162...
- The 🇪🇺 commission is set to give equivalence to non-EU-issued stablecoins, disregarding ECB warnings that it may threaten financial stability. Story with @staffordphilip.bsky.social www.ft.com/content/97c7...
- Reposted by Paola TammaEU officials are considering using revenues from a new carbon tax on homes and petrol for the EU budget — a move that one EU official warned would be “completely toxic”. Scoop w/ @paolatamma.bsky.social @henryjfoy.ft.com on.ft.com/4e37WuV
- EU mulls adding Russia to anti-money laundering list, under pressure from a majority of parliamentarians. Adding 🇷🇺 would likely result in approval of the list, which was voted down last year over the exclusion of 🇦🇪🇬🇮. Story w/ @andybounds.bsky.social www.ft.com/content/2fcd...
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- Bulgaria to join the €zone following years of delays and amid populist backlash. "We consider it a tangible sign of our European identity," PM Rosen Zhelyazkov told me. Story with Marton Dunai. www.ft.com/content/cfe4...
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- Polish electoral results, seen from Brussels: expect more friction with Warsaw over trade (Mercosur), rule of law (and connected cash flow) + a general sense of "what now?" With @henryjfoy.ft.com & @lauramdubois.ft.com bois www.ft.com/content/a5a6...
- The European Commission and G7 member countries 🇮🇹🇩🇪🇫🇷🇬🇧🇨🇦want to lower to $45/barrell an existing $60 price cap on Russian oil - but 🇺🇸 isn't playing ball. Our scooplet in this morning's Europe Express, alongside @andybounds.bsky.social' tireless trade reporting. Sign up! www.ft.com/content/ef47...
- To make sense of US/EU trade madness, the one person to follow is @andybounds.bsky.social. The man doesn't sleep. www.ft.com/content/1447...
- EU to move on tobacco taxation under pressure from 15 EU countries & despite opposition from 🇮🇹🇷🇴🇬🇷. Scoop with @andybounds.bsky.social www.ft.com/content/21ca...
- The EU commission will likely escalate Romania's excessive deficit procedure in June, in a move that would start a process to withhold Bucharest's EU Funds. Details of Dan's fiscal time bomb, with Marton Dunai, via @financialtimes.com www.ft.com/content/efa8...
- EU cuts growth outlook as tariffs fuel uncertainty www.ft.com/content/fd16...
- EU countries agree on a €150B defence loan scheme - the biggest sticking point had been participation of countries outside the EU, Ukraine or EFTA. The compromise struck allows third countries participation at up to 35% of contract value - a win for 🇮🇹🇩🇪 story with @henryjfoy.ft.com shorturl.at/FGwuq
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- #Pfizergate: the court ruled in favour of @nytimes.com saying EU commission did not explain why it could not find medsages von der Leyen exchanged with Pfizer CEO 👏 @matinastevis.bsky.social & @alexfanta.bsky.social for keeping EU commission accountable. ✍️ by @lauramdubois.ft.com shorturl.at/FJoak
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- All 👀 on deck Tue 9.30am as the EU court rules whether von der Leyen/Bourla texts ARE documents & need archiving: far from a philosophical Q! HUGE implications for transparency of EU institutions, as FOI extraordinaire @alexfanta.bsky.social explains. Follow our coverage via @lauramdubois.ft.com
- 🇪🇺 capital markets are the Sacred Graal: desirable yet elusive. But for many companies, the quest is no joke: „This isn’t just about start-ups,” BOLT CEO Markus Villig told me. “It’s about Europe’s place in the world.” Read on @financialtimes.com www.ft.com/content/e231...
- 🇪🇺Commission plans capital controls/trade as an alternative legal basis to ensure its sanctions against Moscow stay in place despite a threatened Hungarian veto. Scoop with @henryjfoy.ft.com & @alicemhancock.bsky.social www.ft.com/content/7f76...
- Sign up to this event by @neweconomics.bsky.social if you want to hear about EU fiscal & monetary policy: is it fit for purpose? See you on May 15th
- Really exciting event we have coming up in Brussels on May 15th! What macroeconomic approach does the EU need in order to meet its economic goals in this new era of shocks? We'll hear from Swati Dhingra of the Bank of England, and two expert panels chaired by @paolatamma.bsky.social
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- Reposted by Paola TammaEurope Express, our Brussels-based Europe newsletter, has won best newsletter at World Association of News Publishers awards 🎉 Huge h/t to @henryjfoy.ft.com @lauramdubois.ft.com who put in the real hard graft to make it happen. Sign up here >> www.ft.com/europe-express
- Trump's silver lining? The rapprochement of European countries (🇪🇺+🇬🇧 but also 🇳🇴 + potentially 🇨🇭🇹🇷) who feel threatened by turmoil unleashed by 🇺🇸 The EU and UK are seeking closer cooperation on defence, with a summit scheduled on May 19 in London - story w/ @henryjfoy.ft.com www.ft.com/content/34cc...
- Reposted by Paola Tamma📢 Want to join the conversation? Join @guntramwolff.bsky.social @rosabalfour.bsky.social and @paolatamma.bsky.social as they discuss European rearmament at Bruegel's next event on Monday 14 April. ⏰ Sign up to attend in person, or follow the stream online with this link! buff.ly/Uvb5mq3
- Germany warns against retaliating on US digital services after EU Commission President von der Leyen told @roulak.bsky.social, @henryjfoy.ft.com & @andybounds.bsky.social that the EU could tax Big Tech if no negotiated solution is found in the tariff war. www.ft.com/content/0ab1...
- Read the exclusive interview in full on ft.com: www.ft.com/content/fba1...
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- NEW💥: UK floats a new defence funding vehicle by a European "coalition of the willing" to jointly purchase and stockpile weapons, the treasury wrote in a paper we saw. By recording capital purchases on its books it would create fiscal headroom. Via @financialtimes.com www.ft.com/content/93d7...
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- Dispatch from Kyiv: Ukraine urges the EU to renew barrier-free trade ahead of a June deadline - a sensitive topic for Kyiv's neighbours. It would be a ‘‘very wrong signal’’ if we do not reach some kind of agreement with the EU,” @SergiiMarchenk3 told me. www.ft.com/content/c04a...
- The US is seeking new terms on a mineral deal with Ukraine, we're told, which would broaden it to other fields and nail down details of a joint investment fund. Story with @christopherjm.ft.com @benhallnews.bsky.social www.ft.com/content/88e4...
- Don't necessarily agree with the conclusion but interesting thread on some overlooked aspects of new EU fiscal rules interpretation by the EU commission.
- The EU is making a fresh push for capital markets integration, hoping to unlock trillions of Europeans' savings sitting idle in bank accounts, EU Commissioner Maria-Luís Albuquerque told me. Via @financialtimes.com www.ft.com/content/a0f8...
- Brussels proposes joint weapons purchases - giving precedence to European-Made ones. Scoop with @henryjfoy.ft.com www.ft.com/content/2914...
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- NEW: €150bn in 🇪🇺 loans will be spent on weapons procured in EU and like-minded countries🇬🇧🇳🇴🇨🇭. Currently, 2/3 of EU-bought weapons are made in USA. Big consequence of Trump's European retreat: more spending on made-in-Europe kit. Via @financialtimes.com www.ft.com/content/c205...
- France and Germany at odds over Europe’s rearmament bid and giving priority to “made in EU” weapons. With @henryjfoy.ft.com @benhallnews.bsky.social www.ft.com/content/7693...
- EU puts on show of solidarity with Volodymyr Zelenskyy after clash with Donald Trump With @henryjfoy.ft.com @andybounds.bsky.social @benhallnews.bsky.social www.ft.com/content/4268...
