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Jorge Valero

@europressos.bsky.social
454 followers 228 following 213 posts

Brussels-based reporter at Bloomberg News. @unav @UNED & @GCLalumni. . Views my own

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Jorge Valero @europressos.bsky.social · 29/09/2026
❗️SCOOP: IMF estimates that Ukraine faces a funding gap of nearly $55bn by 2029 according to preliminary numbers, we’re told. Donors including EU were waiting for this number to start discussions on additional aid, although Kyiv told to deliver on reforms www.bloomberg.com/news/article...
bloomberg.com
Ukraine to Have $54 Billion Funding Gap by 2029, IMF Predicts
Ukraine is facing a financing shortfall of as much as $54 billion through 2029 as the war-torn nation seeks more funding from partners to repel Russia’s invasion, according to preliminary figures from...
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Jorge Valero @europressos.bsky.social · 20/09/2026
((More and more I think that this may have been the Bear Stearns summer of AI…hoping this time we won’t ignore the signals like in 2007… but it is a big ask)) AI was discussed by EU finance ministers in Dublin. In the corridors, concerns about frontier models but even more about EU falling behind
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Jorge Valero @europressos.bsky.social · 09/09/2026
www.politico.eu/article/anth...
politico.eu
‘Gambling with our lives’: AI researcher quits Anthropic with dire warning about safety
“The people building AI earnestly believe that it could kill us all by the end of the decade,” staffer says in resignation post after leaving the tech giant.
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Reposted by Jorge Valero
Andrea Palasciano @afpal.bsky.social · 08/09/2026
EU and Canada working toward new, all-encompassing relationship ranging from trade to security Canada actively looking at everything short of EU membership, said a Canadian official @albertonardelli.bsky.social @brianplatt.bsky.social @europressos.bsky.social www.bloomberg.com/news/article...
bloomberg.com
EU and Canada Plan Far-Reaching Alliance to Strengthen Partnership
The European Union and Canada are working toward a new, all-encompassing relationship that will range from trade to security, as the transatlantic partners seek to build a new alliance to offset the g...
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Jorge Valero @europressos.bsky.social · 08/09/2026
Politico also reporting this week about our scoop on the first meeting of the trusted advisors group coming this month
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Jorge Valero @europressos.bsky.social · 05/09/2026
It’s the 35th anniversary of Terminator 2 (very timely). The events from this summer made me watch it again and guess what was the climax date of the battle between humans and machines: August 2029
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Jorge Valero @europressos.bsky.social · 26/08/2026
❗️NEW: Canadian PM Carney will address the European Parliament on Sept 17 in a critical moment for both allies as they resist the increasing US pressure amid the ongoing trade tensions, we’re told He will also be a guest to VDL’s SOTEU speech the day before www.bloomberg.com/news/article...
bloomberg.com
Canada’s Carney to Address EU Allies Amid Pressure From Trump
Canadian Prime Minister Mark Carney will address the European Union next month in a push to deepen ties with the bloc as his trade dispute with the US escalates.
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Jorge Valero @europressos.bsky.social · 30/07/2026
❗️NEW: European Commission will launch in early autumn a delayed advisory group for supply chain risks, we’re told. EC has struggled to determine the right format to facilitate the information sharing from companies, who would meet on an ad-hoc basis. www.bloomberg.com/news/article...
bloomberg.com
EU Sets Fall Timeline to Start Advisory Group on Trade Conflicts
The European Union plans to set up a corporate advisory group after the summer break to share information about supply chain risks in an effort to bolster the bloc’s economic security.
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Jorge Valero @europressos.bsky.social · 29/07/2026
❗️NEW: EU is working on proposal (due 9th Sept) to help cities passing measures on touristic apartments -Will introduce common methodology to determine areas under housing stress & proportionality test of the restrictions, key issues vs many litigations they face www.bloomberg.com/news/article...
bloomberg.com
EU Will Support Cities That Want to Curb Short-Term Rentals
The European Union is preparing measures that will help cities clamp down on short-term rental operators like Airbnb, as Brussels aims to tackle the problem of housing affordability and supply.
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Jorge Valero @europressos.bsky.social · 28/07/2026
SCOOP❗️EU is planning to sanction more than 1,600 entities of Russia’s military industrial complex in what would be the largest listing ever made by EU, we’re told. Firms hit have a combined annual turnover of more than $20bn- adoption aimed for October. www.bloomberg.com/news/article...
bloomberg.com
EU Plans to Sanction Record 1,600 Firms For Helping Russia
The European Union is planning to sanction more than 1,600 companies it says are helping Russia’s war against Ukraine, the most firms it has blacklisted in one package.
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Jorge Valero @europressos.bsky.social · 09/07/2026
❗️NEW: EC is set to propose European preference rules for sectors including gas supply and energy extraction, water & electricity networks, railway, ports, airports and postal services, according to draft proposal of EU procurement rules we’ve seen. W Samuel Stolton www.bloomberg.com/news/article...
bloomberg.com
EU to Prioritize European Providers in Public Service Contracts
The European Union is finalizing sweeping changes to its procurement rules that will allow national governments favor European suppliers in critical public services.
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Jorge Valero @europressos.bsky.social · 08/07/2026
❗️NEW: EU executive to allow spending on nuclear power plants to be excluded from deficit calculus under the new energy escape clause, according to doc we’ve seen. Railway projects and metros also included. EU FinMins to discuss matter this week. www.bloomberg.com/news/article...
bloomberg.com
EU To Allow Leniency on Fiscal Rules for Nuclear Spending
The European Union will allow governments to include nuclear power as one of the categories of energy spending that qualify for greater flexibility under the bloc’s strict budgetary rules.
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Jorge Valero @europressos.bsky.social · 03/07/2026
❗️NEW: UK is pushing for joining EU meetings to fine-tune regulation on agrifood standards or ETS, we’re told. EC open to consider only in some cases while EU members split over what access/no access granting post Brexit (At least comitology is sexy in London) www.bloomberg.com/news/article...
bloomberg.com
UK Irks EU With Post-Brexit Request to Participate in Meetings
The UK is pushing to participate in some European Union meetings as the two sides try to reset a post-Brexit relationship, prompting pushback on the continent.
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Jorge Valero @europressos.bsky.social · 18/06/2026
NOW: EU leaders agreed to extend sanctions vs Russia for a year- first time it happens
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Jorge Valero @europressos.bsky.social · 17/06/2026
SCOOP❗️ Costa’s top adviser held two calls with senior Russian official to prepare the ground for more substantive talks as efforts focus on bringing Putin to negotiations, we’re told. With @albertonardelli.bsky.social & @afpal.bsky.social www.bloomberg.com/news/article...
bloomberg.com
EU Chief Reaches Out to Moscow to Set Up Back Channel to Putin
European Council President Antonio Costa has made contact with the Kremlin in an effort to engage Russian President Vladimir Putin in discussions about how to end the war in Ukraine, according to peop...
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Jorge Valero @europressos.bsky.social · 12/06/2026
At least we cannot say they didn’t warn us about the consequences of covering the Ecofin in Luxembourg
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Jorge Valero @europressos.bsky.social · 12/06/2026
❗️NEW: IMF & Ukraine reached a staff-level agreement, paving the way for Ukraine to receive almost $700 million in assistance, despite Kyiv failing to pass key condition on parcels reform, we’re told. With Volodymyr Verbianyi www.bloomberg.com/news/article...
bloomberg.com
IMF Is Said to Agree Loan Deal For Kyiv Despite Missed Condition
The International Monetary Fund agreed to release its next tranche of a loan to Ukraine, despite Kyiv’s failure to meet a key condition as the war-weary nation faces a growing backlash against the req...
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Jorge Valero @europressos.bsky.social · 11/06/2026
❗️NEW: DE, FR, NL among critics in Eurogroup vs EC proposal to give additional fiscal leeway for green energy spending, ES one of very few who defended it inside the room-we’re told. W Kamil Kowalcze www.bloomberg.com/news/article...
bloomberg.com
EU Powers Skeptical of Budget Leeway for Energy Crisis Aid
Several European Union countries are expressing concerns about the bloc’s move to loosen budget rules as the Iran war squeezes markets, arguing the continent may be eroding its fiscal discipline.
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Jorge Valero @europressos.bsky.social · 05/06/2026
❗️NEW: EU has begun work this week on imposing sanctions on Israel’s national security minister, Itamar Ben-Gvir, over his treatment of Flotilla activists, were told. MS taking advantage of new momentum to push forward, EU official said. With @afpal.bsky.social www.bloomberg.com/news/article...
bloomberg.com
EU Is Working to Sanction Israeli Minister Who Berated Activists
The European Union has begun work on imposing sanctions on Israel’s national security minister, Itamar Ben-Gvir, over his treatment of activists who were trying to get aid into Gaza by sea, according ...
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Jorge Valero @europressos.bsky.social · 04/06/2026
❗️NEW: Hungary supports rollover of sanctions against Russia for a year, as Costa is preparing to propose for next EUCO, we’re told. www.bloomberg.com/news/article...
bloomberg.com
Hungary to Back Year-Long Extension of EU Sanctions on Russia
Hungary said it will back a full year’s extension of the European Union’s sanctions against Russia in a major reversal from its previous role in stonewalling the process, according to people familiar ...
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Jorge Valero @europressos.bsky.social · 01/06/2026
❗️NEW EC moving toward granting leeway to capitals to deal with energy-related spending due to Iran war. Will be smaller version of defense clause: figure considered 0.3% of GDP, but details/modalities could change before release With @albertonardelli.bsky.social www.bloomberg.com/news/article...
bloomberg.com
EU Poised to Give Countries Budget Leeway To Cushion Energy Cost
The European Commission is weighing plans to grant member states additional fiscal flexibility to cope with the impact of high energy costs due to the Iran War, according to people familiar with the d...
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Jorge Valero @europressos.bsky.social · 12/05/2026
❗️ Overreach, power grabbing, micromanaging, bottlenecks, delays & lack of focus on what should be her top priority… Von der Leyen has amassed power like no other EU Commission chief, but officials question what for W @albertonardelli.bsky.social & Suzanne Lynch www.bloomberg.com/news/feature...
bloomberg.com
The EU’s Commission Chief Is Increasingly Seen as Too Powerful
Ursula von der Leyen is facing pushback from some member countries.
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Jorge Valero @europressos.bsky.social · 30/04/2026
NEW❗️MS incl 🇫🇷 & 🇩🇪 rejected US metals tariff review aimed at appeasing concerns as it would lead to higher tariffs to nearly half of products. EC also concerned, told MS that would consider measures if talks fail, adding more turbulence to approval of trade deal www.bloomberg.com/news/article...
bloomberg.com
EU Rejects US Plan to End Metals Tariff Spat and Mulls Response
The European Union’s biggest economies are unhappy with a US proposal to resolve a metals tariff dispute, injecting fresh uncertainty into final negotiations to implement a stalled trade deal.
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Jorge Valero @europressos.bsky.social · 28/04/2026
❗️NEW: VDL is due to meet late on Wednesday with companies including ASML, Siemens, Nokia and Ericsson as the bloc seeks to boost its competitiveness amid increasing pressure from US and Chinese rivals. www.bloomberg.com/news/article...
bloomberg.com
EU’s Von der Leyen to Hold Meeting with Chip and Tech Firms
The European Union executive’s arm will meet with companies from the technology and semiconductor sector this week amid concerns from business that the bloc’s competitiveness drive is falling short.
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Jorge Valero @europressos.bsky.social · 28/04/2026
❗️NEW: The European Commissio is preparing an analysis on the possibility of rolling over the NGEU debt, we’re told www.bloomberg.com/news/article...
bloomberg.com
EU Explores Rolling Over Covid-Era Debt as Spending Needs Mount
The European Union is looking into delaying repayments on billions in debt it took on during the pandemic, as countries search for more money to spend now on defense and advanced technologies.
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Jorge Valero @europressos.bsky.social · 24/04/2026
❗️NEW: And Leaders will sign today the joint roadmap to accelerate reforms of internal market after MS adopted the doc yesterday. Doc includes in final version first quarter of 2027 as target date for agreement on ETS reform as EU pushes for ambitious calendar www.bloomberg.com/news/article...
bloomberg.com
EU Targets Deal on Carbon Market Overhaul in First Quarter 2027
The European Union aims to agree on a planned reform of its flagship carbon market by early next year as part of a broader effort to speed up key changes to boost the bloc’s competitiveness.
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Jorge Valero @europressos.bsky.social · 24/04/2026
❗️NEW: EU Exec warned EP amendments to US trade deal could unravel the agreement in closed door meetings with member states. EU commission is also unhappy with recent reform of the long awaited reform of the US tariffs on goods containing steel/aluminium, we’re told www.bloomberg.com/news/article...
bloomberg.com
EU Warns Trade Deal With US at Risk Over Effort to Strengthen It
The European Union warned member states that efforts to strengthen safeguards in the bloc’s trade agreement with the US may cause the deal to unravel.
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Jorge Valero @europressos.bsky.social · 26/03/2026
❗️NEW: IMF is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, we’re told. With Jorgelina do Rosario www.bloomberg.com/news/article...
bloomberg.com
IMF Runs Scenarios on Which Nations May Need Aid Due to Iran War
The International Monetary Fund is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, according to people familiar with the matter.
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Jorge Valero @europressos.bsky.social · 12/03/2026
In case you missed our story landing yesterday night…
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Jorge Valero @europressos.bsky.social · 11/03/2026
❗️SCOOP: Dombrovskis told EU FinMins EU’s inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel & gas prices stay elevated, we’re told. Growth could be as much as 0.4 percentage points lower. www.bloomberg.com/news/article...
bloomberg.com
EU Warns Iran Conflict Could Push the Bloc’s Inflation Above 3%
The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an ...
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Jorge Valero @europressos.bsky.social · 04/03/2026
❗️And in case you missed our story before: EU lawmakers kept on hold ratification of US deal as they ask for more clarity - expecting more info from EU exec on Tuesday, and if so they could vote still in March. www.bloomberg.com/news/article...
bloomberg.com
EU Keeps US Trade Deal Frozen Over Tariff Uncertainty
The European Union’s trade deal with the US will stay frozen after the European Parliament decided to keep its ratification paused in the wake of a court ruling invalidating President Donald Trump’s g...
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Jorge Valero @europressos.bsky.social · 04/03/2026
❗️NEW: EU leaders to urge partners to cover Ukraine’s financing gap, as they struggle to overcome Orban’s veto to €90bn loan They’ll call “for intensified outreach to third countries to help close the remaining gap of €30bn” reads draft summit conclusions we’ve seen www.bloomberg.com/news/article...
bloomberg.com
EU to Push Partners to Cover €30 Billion Aid Gap For Ukraine
The European Union will ask international partners for additional funding for Ukraine as the war-battered nation risks running out of money in the fifth year of Russia’s full-scale invasion.
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Jorge Valero @europressos.bsky.social · 24/02/2026
Only couple of hours before Sefcovic shared the assessment with MEPs, I asked EC whether they made such estimate of the impact. “When we have clarity, we can make assessments,” EC spox said on the podium
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Jorge Valero @europressos.bsky.social · 24/02/2026
❗️NEW: EU trade chief shared w EU lawmakers & MS assessment of Trump’s new tariff: products including agrifood, plastics & esp. cheese will be above agreed 15% ceiling, we’re told. Still majority of EU govs wanna stick to deal. With @albertonardelli.bsky.social www.bloomberg.com/news/article...
bloomberg.com
EU Warns That Trump’s New Tariff Policy Breaks Trade Agreement
A European Union assessment found that President Donald Trump’s new tariff policy will increase levies on some of the bloc’s exports, including cheese and some agricultural products, above the level p...
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Jorge Valero @europressos.bsky.social · 21/02/2026
❗️EU’s lead lawmaker on US trade deal Bernd Lange tells us Supreme Court ruling“was expected” as “legal basis for the unjustified tariffs was not correct.” He called for emergency meeting on Monday to assess consequences for ratifying deal, 1 day before planned vote www.bloomberg.com/news/article...
bloomberg.com
EU Lawmakers Call Meeting on US Trade Deal After Tariff Ruling
European Union lawmakers will hold an emergency meeting Monday to reassess the bloc’s trade deal with the US following the Supreme Court’s decision to strike down some of President Donald Trump’s glob...
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Jorge Valero @europressos.bsky.social · 19/02/2026
👉 EC chief spox Paula Pinho confirms our scoop: “The president will be visiting the Arctic region, including Greenland, in March,” - dates to be confirmed.
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Jorge Valero @europressos.bsky.social · 18/02/2026
❗️NEW: Von der Leyen planning visit to Greenland next month with several commissioners to present support package, we’re told. www.bloomberg.com/news/article...
bloomberg.com
Von der Leyen Plans Visit to Greenland to Offer Support Package
European Commission President Ursula von der Leyen is planning to visit Greenland in March following the clash over the control of the territory with US President Donald Trump.
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Jorge Valero @europressos.bsky.social · 11/02/2026
❗️ITW w Costa to discuss EU’s new attempt to complete its single market. For real now? “My feeling is there is a real commitment for all the leaders and the clear sense of urgency” Because now we badly needed to push back vs US,China W @ocrook.bsky.social & A. Delfs www.bloomberg.com/news/article...
bloomberg.com
Upended World Is Pushing EU to Finish Single Market, Costa Says
European Union leaders are finally ready to unify their markets to compete globally, European Council President Antonio Costa said, arguing that the fracturing world order is driving the continent to ...
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Jorge Valero @europressos.bsky.social · 05/02/2026
❗️NEW Macron plans to raise issue of exchange rates during summit next week as options to boost economy & reduce vulnerabilities, we’re told. EU policymakers want to reduce $ & more € in transactions which would help to shield currency turbulence -w Ania Nussbaum www.bloomberg.com/news/article...
bloomberg.com
Macron Plans to Discuss Strong Euro at EU Summit Next Week
France intends to discuss the euro’s appreciation against the dollar when European Union leaders meet next week to discuss improving the bloc’s ailing competitiveness.
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Jorge Valero @europressos.bsky.social · 04/02/2026
❗️Trump vs assets factor: ITW w Euroclear boss: “We’ve seen throughout 2025 a growing diversification of investment away from US…there’s a growing interest in diversifying investment portfolios” into European assets & players, with Euroclear presenting robust results www.bloomberg.com/news/article...
bloomberg.com
Investors Move Assets to Europe From US, Euroclear Chief Says
Investors are increasingly moving funds into European assets, diversifying away from the US in a reaction to the market turbulence created by President Donald Trump, according to Euroclear Chief Execu...
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Jorge Valero @europressos.bsky.social · 04/02/2026
❗️NEW: EC,US&others to release statement tday in DC’s mineral summit calling to explore plurilateral trade initiative incl. mechanisms “such as border-adjusted price floors, standards-based markets, price gap subsidies, or offtake agreements,” according draft we got. www.bloomberg.com/news/article...
bloomberg.com
EU to Offer US Critical Minerals Partnership to Check China
The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.
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Jorge Valero @europressos.bsky.social · 23/01/2026
How it feels after the EU summit
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Jorge Valero @europressos.bsky.social · 22/01/2026
And seems EU-US trade deal is back to the approval process after Trump’s U-Turn on Greenland, Metsola said at summit’s doorstep. “This means we can continue with our discussions internally…which had been paused,” she said. www.bloomberg.com/news/article...
bloomberg.com
EU Plans to Unfreeze Trade Deal With US and Vote on Ratification
European Union lawmakers are expected to vote on ratifying the bloc’s trade deal with the US, restarting the process after President Donald Trump walked back his latest threat to impose tariffs on Eur...
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Jorge Valero @europressos.bsky.social · 19/01/2026
In case you missed our story… EU opts for diplomacy in coming days with Trump to solve renewed risk of trade war over Greenland, but EU envoys also discussed preparing countermeasures (including duties on €93bn of US goods & more). Macron & analysts call for ACI www.bloomberg.com/news/article...
bloomberg.com
EU Eyes Tariffs on €93 Billion of US Goods Over New Trump Threat
The European Union is in talks to potentially impose tariffs on €93 billion ($108 billion) of US goods if President Donald Trump follows through on his threat to hit European countries with a 10% levy...
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Jorge Valero @europressos.bsky.social · 19/01/2026
“European appeasement strategy has failed,” 🇪🇸 former FM Arancha Gonzalez Laya told us. At the helm of such plan is EC chief Von der Leyen, whose slow progress on economic revival & EC’s modus operandi are also questioned W @albertonardelli.bsky.social & Cory Bennett www.bloomberg.com/news/article...
bloomberg.com
Trump’s Greenland Tariffs Have Blown Up the EU Appeasement Plan
Ursula von der Leyen was preparing to claim a rare victory on Saturday, sealing a trade pact with South America’s biggest economies. Donald Trump had other ideas.
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Jorge Valero @europressos.bsky.social · 16/01/2026
❗️And EP trade committee chief Bernd Lange told us after WH meeting on Greenland that US should respect territorial integrity as part of conditions lawmakers would consider to fix vote on US trade deal - He also expected something coming from DC on derivatives www.bloomberg.com/news/article...
bloomberg.com
EU Parliament Explores Tying US Trade Deal Approval to Greenland
The European Parliament is considering linking approval of a massive US trade deal to Donald Trump backing down from his threats to take over Greenland, putting further strain on an agreement already ...
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Jorge Valero @europressos.bsky.social · 16/01/2026
Wrapping up a week of meetings and amazing food in Cyprus as country takes over rotating EU presidency. We also tell you other stories from here, including EC telling MS not to give in to US pressure to sign bilat minerals deals! 👇 www.bloomberg.com/news/article...
bloomberg.com
US Asks Allies to Step Up Measures on Chinese Minerals
The US will convene dozens of foreign ministers from allied countries next month to pursue an agreement designed to help reduce their dependencies on Chinese critical minerals.
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Jorge Valero @europressos.bsky.social · 14/01/2026
❗️EU’s unprecedented move toward debt union: proposal to finance UA borrowing from markets doesn’t include date to pay back principal (in contrast w NGEU). Dombro: ‘we will roll over the debt’ Attention focused a lot on frozen assets but this is a major development www.bloomberg.com/news/article...
bloomberg.com
EU’s €90 Billion Ukraine Loan to Mostly Support European Firms
The European Union will direct Ukraine to purchase mostly European armaments with a new €90 billion ($105 billion) loan unless there is an “urgent need” and no local option available.
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Jorge Valero @europressos.bsky.social · 15/12/2025
❗️SCOOP: China starts easing minerals control with EU after months of talks, Sefcovic tells us in interview. “We are getting initial reports from our industry that they are getting these general licenses,” he tells us. www.bloomberg.com/news/article...
bloomberg.com
China Starts Granting General Licenses for Rare Earths, EU Says
China has started granting licenses with lengthier terms to allow European companies to obtain critical minerals essential for industries including clean tech, automakers and defense contractors, the ...
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Jorge Valero @europressos.bsky.social · 15/12/2025
❗️NEW: Sefcovic tells us in interview that machinery is one of the priority areas flagged to US to address existing irritants. “The machines are all exported at very low volumes, or not at all, because these machine exporters are afraid that they could get a fine.” www.bloomberg.com/news/article...
bloomberg.com
EU Pushes Back Against US Efforts to Change Bloc’s Tech Rules
The European Union’s chief trade negotiator said he would defend the bloc’s technology rules in a rebuke to US efforts to water down EU digital regulations.
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