US Treasury secretary charms EU officials in Brussels – POLITICO

 US Treasury secretary charms EU officials in Brussels – POLITICO

Within 24 hours of landing in Brussels, U.S. economy chief Janet Yellen had successfully stalled EU plans for a digital levy and told national governments how to run their economies.

Yet EU officials had nothing but effusive praise for their American visitor.

“We could say that in terms of our relationships with the U.S. we have gone from a winter of discontent to a summer of cooperation,” Economy Commissioner Paolo Gentiloni told journalists on Monday evening.

The former chair of the Federal Reserve is in town to hold meetings with commissioners and EU finance ministers — and to protest against a planned digital levy.

The European Commission confirmed Monday it would bow to U.S. demands to put its plans on hold until the fall. Washington has been arguing strongly against the plans, warning the tax would unfairly target U.S. tech giants and undermine a global tax accord endorsed by G20 finance ministers…

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