Jorge Valero
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europressos.bsky.social
Jorge Valero
@europressos.bsky.social
380 followers 220 following 160 posts
Brussels-based reporter at Bloomberg News. @unav @UNED & @GCLalumni. . Views my own
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europressos.bsky.social
EU member states gave today their preliminary blessing to the safeguards to protect EU farmers from sudden price/volume changes in Mercosur deal, removing one important stumbling block to approve agreement by end year

www.bloomberg.com/news/article...
EU Finalizes Farmer Protections, Advancing Mercosur Trade Deal
The European Union took a step toward approving its massive trade agreement with South American nations, finalizing measures to protect farmers once the pact is adopted.
www.bloomberg.com
November 6, 2025 at 6:03 PM
europressos.bsky.social
EU needs to come up with a “credible” commitment to unlock fresh IMF aid for Ukraine, @vdombrovskis.bsky.social told us in an interview.
EC is racing to finalize the options paper to tap Russia’s immobilized central bank assets

www.bloomberg.com/news/article...
EU Faces Pressure to Provide Credible Funding Plan for Ukraine
The European Union must provide a “credible” funding commitment to Kyiv to unlock fresh International Monetary Fund money, the EU’s economy chief said, as the country’s lenders race to avoid a financi...
www.bloomberg.com
November 6, 2025 at 11:59 AM
europressos.bsky.social
❗️NEW: EC confirmed our earlier scoop on VDL not attending the summit with CELAC nations later this week “in light of the current European political agenda and the low participation of other heads of state and government”

www.bloomberg.com/news/article...
EU Leaders Skip Latin American Summit to Avoid Irking Trump
European leaders including German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen will skip the EU’s summit with Latin American and Caribbean states due in part to con...
www.bloomberg.com
November 4, 2025 at 11:21 AM
europressos.bsky.social
❗️Scoop: EP rapporteur 4 #digitaleuro Navarrete proposes splitting offline & online version- online coming only if not private solution ready once work done- report just out!
He tells us that holding limits should look at €zone, national level & most affected bank
www.bloomberg.com/news/article...
Digital Euro Could Be Curtailed Under EU Lawmaker’s Proposal
A fully-fledged digital euro should only be launched if the private sector doesn’t come up with its own solution to integrate the region’s fractured payments landscape, according to the lead European ...
www.bloomberg.com
October 30, 2025 at 7:30 PM
europressos.bsky.social
❗️NEW: EU’s race to build its autonomy continues, this time on the funding track progressing on its sovereign-like fund for deep tech. We got details of today’s meeting with potential anchor investors.

With a great team of Bloomberg reporters

www.bloomberg.com/news/article...
Europe in Talks With Backers For €5 Billion Critical Tech Fund
The European Union is in discussions with the first anchor investors for a fund that will back companies on the continent working on quantum computing, artificial intelligence, and other strategic tec...
www.bloomberg.com
October 28, 2025 at 8:15 AM
europressos.bsky.social
❗️NEW: A growing list of EU leaders (20 & counting) urge to dismantle “outdated” legislation & call on EC to run systematic review by end-year, in one of strongest calls to date to push ahead with simplification agenda (or rather “dismantling agenda”). Pretty big

www.bloomberg.com/news/article...
Majority of EU Nations Seek to Dismantle Bloc’s Outdated Rules
A majority of European Union countries, including Germany and France, are calling for a systematic review of the bloc’s regulations by the end of the year to dismantle old rules that pose challenges f...
www.bloomberg.com
October 22, 2025 at 3:16 PM
europressos.bsky.social
EU’s largest economies want to discuss China’s latest harmful practices in the summit tomorrow even if the agenda is already super packed. Meanwhile, the commission is urging Beijing to find a solution.
- with Arne Delfs

www.bloomberg.com/news/article...
Germany and France Back China Trade Discussion at EU Summit
Germany and France are supporting a push to discuss China’s increasingly restrictive trade measures at an EU leaders’ summit in Brussels on Thursday, according to people familiar with the matter.
www.bloomberg.com
October 22, 2025 at 7:50 AM
europressos.bsky.social
❗️Ramping up protectionism in key sectors, forcing tech transfers, first-ever econ security doctrine & racing to reduce dependencies weaponized in a hostile world. Europe has a plan, but time to make it?
w @albertonardelli.bsky.social
www.bloomberg.com/news/article...
EU Finally Has a Plan to Fend Off the US and China, But It’s Running Out of Time
The European Union is fighting to salvage industries under threat from American and Chinese competitors that have eroded the defense and economic systems upholding the continent for 70 years.
www.bloomberg.com
October 18, 2025 at 8:39 AM
europressos.bsky.social
Relevance of such move is that while US was leveraging (nowadays weaponizing) its chips & China its minerals, EU will use arguably its biggest asset: internal market (another reason to complete it)
While Trump loves tariffs & China expands export controls, tech transfers my be EU’s key tool coming
October 14, 2025 at 3:04 PM
europressos.bsky.social
❗️SCOOP: EU considering strict conditions such as tech transfers, joint ventures for Chinese investments in Europe in some key sectors, we’re told, as Europe increases pressure on Beijing to rebalance economic relations
- with @johnainger.bsky.social

www.bloomberg.com/news/article...
EU Considers Forced Tech Transfers for New Chinese Investments
The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more compet...
www.bloomberg.com
October 14, 2025 at 1:20 PM
europressos.bsky.social
❗️NEW: Baranowski also told us that Poland is “working with the European Commission to find a way to address”surge of Ukrainian steel imports, “preferably in the short term.”
EC’s proposed steel mechanism imposing 50% tariff over agreed quota will also affect Kyiv
www.bloomberg.com/news/article...
Poland Pushes for Steps to Curb Surge in Ukraine Steel Imports
Poland is seeking protective measures against an increase in imports of duty-free steel from Ukraine that has put its domestic industry in jeopardy, a government official said.
www.bloomberg.com
October 14, 2025 at 12:14 PM
europressos.bsky.social
❗️“This is, in some ways, the worst-case scenario of weaponizing our rare earths dependency,” Poland’s trade chief @michal-baranowski.bsky.social tells me in Horsens 🇩🇰 where EU trade ministers discuss how to respond to China’s power move in tech/materials supremacy

www.bloomberg.com/news/article...
Europe Seeks Tough Response to China’s Minerals Restrictions
European Union officials called for strong measures against China after Beijing imposed fresh export restrictions on rare minerals used in computer chips and other advanced technologies.
www.bloomberg.com
October 14, 2025 at 8:56 AM
europressos.bsky.social
❗️NEW: EU working with US on fresh plan to enact next phase of trade deal, creating checklist that ensures the pact remains on track & moves forward within parameters agreed in Joint Statement & remains mutually beneficial, we’re told

W @albertonardelli.bsky.social

www.bloomberg.com/news/article...
EU Plans New Proposal With US to Implement Trade Deal
The European Union will work with the US on a fresh plan to enact the next phase of their trade deal, aiming to sideline Washington’s proposal that the bloc unwind regulations President Donald Trump h...
www.bloomberg.com
October 10, 2025 at 3:47 PM
europressos.bsky.social
❗️NEW: We’re told EU’s new proposal to restrict steel imports and protect local industry will
- cut existing quotas for foreign steel by half
- increase tariffs above that level mirroring what US does (around 50%)
- won’t be temporary mechanism

www.bloomberg.com/news/article...
EU to Ramp-Up Tariffs on Steel Imports, Mirroring US Duties
The European Union will restrict steel imports into the European market as local producers struggle with the impact of overcapacity coming from Asia and trade barriers from the US and other trading pa...
www.bloomberg.com
October 1, 2025 at 10:14 AM
europressos.bsky.social
From defense to competitiveness, & including EU budget or US trade deal, Merz & von der Leyen clashed since he took over. In private, his message is seen as “I’m the boss”, although some were surprised by their closeness when they first met at EC
With Arne Delfs
www.bloomberg.com/news/article...
Merz Targets Von Der Leyen With German Power Flex
Friedrich Merz wants to see Germany driving the most important decisions in Europe again.
www.bloomberg.com
September 30, 2025 at 9:56 AM
europressos.bsky.social
@marossefcovic.bsky.social says today he will send letter to Trump Admin to solve steel dispute, as he advanced in our interview that he would discuss concrete proposals with them to jumpstart the talks on biggest outstanding issue in the implementation of the EU-US trade deal
europressos.bsky.social Jorge Valero @europressos.bsky.social · Sep 24
❗️NEW: EU-US steel talks stalled as Brussels still waiting for Trump Admin response to bloc’s TRQs proposal, @marossefcovic.bsky.social told us in interview
“We know that it’s very important for our industry and therefore we are permanently putting it on the table.”
www.bloomberg.com/news/article...
EU Makes Fresh Push With US to Revive Talks on Metals Tariffs
The European Union’s trade chief, Maros Sefcovic, will meet with US Trade Representative Jamieson Greer this week to try and restart stalled talks to lower tariffs on steel and aluminum exports.
www.bloomberg.com
September 26, 2025 at 12:19 PM
europressos.bsky.social
🧐 Merz writes in FT that he will present to EU leaders an assets proposal that is basically what EU is preparing (below details we told you this weekend).
Novelty is that he wants to dedicate all funds for UA army, just when Kyiv’s budgetary hole is bigger than expected ($65bn we scooped).
europressos.bsky.social Jorge Valero @europressos.bsky.social · Sep 20
❗️NEW: Even Lagarde’s struggling to understand how new mechanism to support Kyiv will work, but we start to know few more things: cash balance available would be around €130bn & option being consider is bilat guarantees to overcome vetoes, we’re told. Work continues

www.bloomberg.com/news/article...
EU Advances on Russia Assets Plan as Ukraine Funding Needs Rise
The European Union is making progress on a plan to provide loans to Ukraine using Russia’s immobilized central-bank assets — part of efforts to meet Kyiv’s rising financial needs as the 3 1/2-year war...
www.bloomberg.com
September 25, 2025 at 2:15 PM
europressos.bsky.social
Sefcovic will meet with Greer on sidelines of ASEAN ministerial this week where he also brings a concrete proposal to address the issue of the derivatives list, he told us.
europressos.bsky.social Jorge Valero @europressos.bsky.social · Sep 24
❗️NEW: EU-US steel talks stalled as Brussels still waiting for Trump Admin response to bloc’s TRQs proposal, @marossefcovic.bsky.social told us in interview
“We know that it’s very important for our industry and therefore we are permanently putting it on the table.”
www.bloomberg.com/news/article...
EU Makes Fresh Push With US to Revive Talks on Metals Tariffs
The European Union’s trade chief, Maros Sefcovic, will meet with US Trade Representative Jamieson Greer this week to try and restart stalled talks to lower tariffs on steel and aluminum exports.
www.bloomberg.com
September 24, 2025 at 12:01 PM
europressos.bsky.social
❗️NEW: EU-US steel talks stalled as Brussels still waiting for Trump Admin response to bloc’s TRQs proposal, @marossefcovic.bsky.social told us in interview
“We know that it’s very important for our industry and therefore we are permanently putting it on the table.”
www.bloomberg.com/news/article...
EU Makes Fresh Push With US to Revive Talks on Metals Tariffs
The European Union’s trade chief, Maros Sefcovic, will meet with US Trade Representative Jamieson Greer this week to try and restart stalled talks to lower tariffs on steel and aluminum exports.
www.bloomberg.com
September 24, 2025 at 9:11 AM
europressos.bsky.social
❗️NEW: EU, Indonesia trade deal to bring 0 tariffs to near all goods including 🚗, machinery, appliances, agrifood
- deforestation rules won’t change & nickel export ban unchanged
- Deal is “new chapter of huge, huge proportions,” @marossefcovic.bsky.social told us

www.bloomberg.com/news/article...
EU, Indonesia Seal Zero-Tariff Trade Deal for Nearly All Goods
The European Union and Indonesia have secured a trade deal that will eliminate tariffs or bring them close to zero on nearly all goods, boosting relations between the partners amid US President Donald...
www.bloomberg.com
September 22, 2025 at 11:00 PM
europressos.bsky.social
❗️Scoop: IMF to set Ukraine’s financing needs for donors in around $65bn for over the next two years, we’re told. And the bulk of it will likely have to come from Europe via new assets mechanism. IMF eyeing programme around $8bn, we’re told

With Volodymyr Verbianyi

www.bloomberg.com/news/article...
Ukraine Accepts IMF Forecast of Bigger $65 Billion Financing Gap
The International Monetary Fund has persuaded Ukraine’s government to significantly increase its projections of additional funding the country will need through the end of 2027 in the face of protract...
www.bloomberg.com
September 22, 2025 at 8:35 PM
europressos.bsky.social
❗️NEW: Even Lagarde’s struggling to understand how new mechanism to support Kyiv will work, but we start to know few more things: cash balance available would be around €130bn & option being consider is bilat guarantees to overcome vetoes, we’re told. Work continues

www.bloomberg.com/news/article...
EU Advances on Russia Assets Plan as Ukraine Funding Needs Rise
The European Union is making progress on a plan to provide loans to Ukraine using Russia’s immobilized central-bank assets — part of efforts to meet Kyiv’s rising financial needs as the 3 1/2-year war...
www.bloomberg.com
September 20, 2025 at 5:00 PM
europressos.bsky.social
While Von der Leyen blames MS & EU parliament for slow progress on Draghi roadmap, wishing “I could see the same sense of urgency across our competitiveness agenda”, he says “we must move beyond broad strategies,” as her EC has been doing mostly on his report.
www.bloomberg.com/news/article...
Draghi Laments Pace of Economic Change as EU Lags Global Rivals
The European Union is moving too slowly in its efforts to boost economic competitiveness, with the region “failing to match the speed” of a changing global order, former European Central Bank Presiden...
www.bloomberg.com
September 16, 2025 at 10:45 AM
europressos.bsky.social
❗️EU lawmakers are demanding changes to the trade deal reached with the US, including a sunset clause & changes to products covered, EC told member states, we’re told.
Sefcovic pleaded MEPs to be “reasonable” as the overall agreement is at stake
www.bloomberg.com/news/article...
EU Lawmakers Seek Tweaks to US Trade Deal, Risking Trump Detente
The European Parliament is pressing for changes to a controversial EU-US trade deal reached this summer, raising the risk of fresh tensions just as Brussels seeks to stabilize relations strained under...
www.bloomberg.com
September 12, 2025 at 3:20 PM
europressos.bsky.social
As she did with Covid vaccines, VDL wants to lead in coordinating defense ramp up, we’re told, despite its primarily national competency. While move will be welcomed in some smaller MS to move faster in sync, it’s likely to create tension with German & other big ones

More in our story
europressos.bsky.social Jorge Valero @europressos.bsky.social · Sep 9
❗️NEW: VDL expected to propose a European Defense Semester to coordinate (and monitor) governments’ military spending toward 2030 readiness as this theme will dominate her state of the EU speech tomorrow.
“The common element now is fear,” Monti told us.
www.bloomberg.com/news/article...
Europe’s Crisis of Confidence Heaps Pressure Onto Von Der Leyen
European Union officials are trying to work out how to turn their anxiety about an increasingly hostile world into action.
www.bloomberg.com
September 9, 2025 at 5:56 PM