Economics reporter at @POLITICOEurope
London, England
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Key takeaways from my #MFF interview w/t Costa:
- Own resources must target € not being collected domestically
- EU tobacco tax must focus on new products (vapes)
- Crypto tax has strong potential
- Budget cuts are no-go for many govts'
Full story 👇
politico.eu/article/eu-budge…
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Takeaways for the day for MFF watchers:
1) Strong support for CBAM/e-waste own resources
2) Other options face strong opposition
3) Govts' need to quantify how much € they want to generate
4) Govts' must propose changes to Comm proposals
More info 👇
politico.eu/article/ireland-…
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Gregorio Sorgi retweeted
🚨 New and exclusive: Our reporting identifies Italian lawyer Mario Gallavotti — a top aide to President Gianni Infantino — as exercising vast, murky influence across FIFA's most sensitive political and commercial files. (See 🧵 below.)
Story with @GregSorgi and Giulia Poloni.
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Gregorio Sorgi retweeted
New: European soccer officials are considering Qatari sports executive Nasser al-Khelaifi as a potential challenger to Gianni Infantino in next year’s election for FIFA president.
w/ @AliWalker24
politico.com/news/2026/07/29…
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Gregorio Sorgi retweeted
Let me say this very directly.
Football does not belong to investors. It belongs to the people who fill the stands and who stand on the touchline week in, week out, rain or shine.
The World Cup is not a product. It is the greatest competition in world sport, and it was never anyone's to sell. Dress the deal up however you like. Once you have sold a piece of it, you have sold out.
Football belongs to the fans. It always has, and it always will.
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Rumors of a watered-down CORE tax were quickly dismissed in Berlin
"Is it worth the trouble?" said an EU diplo familiar w/t Merz’s thinking
It reinforces concerns that CORE is too discredited to be saved by tweaks
Full story w/t @vonderburchard
politico.eu/article/commissi…
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Gregorio Sorgi retweeted
EXCLUSIVE: U.S. tech giant Google will inadvertently help fund the EU’s coffers as the European Commission plans to put its multibillion-euro fine toward the bloc’s central budget.
🔗 politico.eu/article/google-m…
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Gregorio Sorgi retweeted
Red cards are not overturned by political phone calls. They are overturned by rules, evidence and independent bodies. If a U.S. President intervenes with the FIFA President — and a player is suddenly cleared before a World Cup knockout match — the question is unavoidable: Quo vadis, FIFA?
Football must never become a playground for political power. #FIFA #WorldCup #GianniInfantino #DonaldTrump
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NEW: Macron tasked his officials to find new taxes to finance the EU's next €2T budget
Exclusive story 👇
politico.eu/article/france-h…
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NEW: EU Big Six reach deal on key markets package in Berlin
Key compromise is to expand ESMA powers “as soon as possible” (ie: no timeline)
Detailed statement will come out tmrw
politico.eu/pro/eus-big-six-…
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EXC: EU forecasts €13B budget return from new gambling tax for 2028-2034 budget
Potential levies on crypto firms and U.S. tech giants are estimated to respectively generate around €20 billion and €35 billion in seven years
Full story 👇
pro.politico.eu/news/219090
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Gregorio Sorgi retweeted
EU warns UK that Iran energy price shock should not be used as an excuse to water down sanctions on Russia
For a long time, UK's been out ahead of EU in the strength of its Russia sanctions regime. On this one they're looking like laggards
w/ @GregSorgi
politico.eu/article/eu-surpr…
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NEW: Commission cleared Spain of misusing EU post-Covid funds in letter to Parliament
Brussels poured cold water on Spanish auditors claiming that govt used EU money to finance pensions
“They do not call into question the lawful use of NextGenerationEU funds under EU law”
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Gregorio Sorgi retweeted
Expanding joint EU debt issuance would save governments billions of euros in borrowing costs, former Italian Prime Minister Enrico Letta tells POLITICO in an interview.
politi.co/4d30voM
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🚨Will Magyar save Hungary’s €10B EU recovery funds by August?
Negotiators are looking at loopholes: transferring € to national bank; dropping loans; merging projects w/t regular EU funds
Details in this story by @zoyashef @MaxGriera and me 👇🏻
politico.eu/article/hungary-…
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NEW: Russian oil finally arrived to Hungary via Druzhba pipeline at 12:55 p.m., says Hungarian official
It clears the last hurdle to approve EU's €90 billion to Ukraine after months of difficult negotiations
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NEW: Eurostat confirms Italy's deficit at 3.1 percent ... Big setback for Meloni's goal to leave excessive deficit procedure in 2026
ec.europa.eu/eurostat/web/pr…
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Hungarian opposition leader Péter Magyar has pledged to claw back €17B EU payouts in record time if he wins the election.
It won’t be easy.
Full story 👇
politico.eu/article/peter-ma…
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