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Economy

Lagarde says ECB interest rate hike ‘robust across three scenarios’

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Business

Portugal triggers EU budget safeguard clause over energy crisis

The EU safeguard clause allows member states to cover energy-related costs in response to the crisis, just as they did in the field of defence.

Europe News

Cyprus proposes €32.8 billion cut to next EU budget as compromise

Cyprus proposes a 2% cut — worth €32.8bn — to the EU's draft €2 trillion budget for 2028–2034, in a bid to bridge the gap between "frugals" and cohesion-minded member states. The figures, now on the table for the first time, will serve as the starting point for the sensitive negotiations ahead.

Europe News

EU budget, Meloni: scrap rebates or Italy will demand them too

The Italian Prime Minister has attacked the EU's disbursement to so-called frugal states and warned Brussels that Rome's patience with them is at an end.

Economy

ECB raises interest rates for the first time in three years

The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.

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Europe News

EU steps in to shield households from fuel and heating price spikes

The upcoming carbon costs due to kick in in 2028 will hit road transport and buildings, likely pushing energy prices higher.

Europe News

European Parliament tests new rules to avoid empty seats

The European Parliament is testing new rules to avoid empty seats during the debates and engage more with the Commissioners. MEPs often miss discussions due to conflicting political activity.

EU.XL

Why Europe's labour needs clash with its migration policy

Europe faces a paradox: economies need workers while governments tighten migration rules. This tension grows as the EU’s Migration and Asylum Pact takes effect on 12 June, marking the bloc’s strictest migration policy in decades.

Europe News

Bulgaria to end weapons supplies to Ukraine, PM Radev says

Bulgaria, which is member of NATO and the European Union, has been providing military aid Ukraine since Russia launched its full-scale invasion in 2022.

Europe News

Five EU countries push tougher safeguards for future members

Germany, France, the Netherlands, Belgium and Luxembourg want stronger safeguards to act faster against democratic and legal breaches in future EU members. The proposal reflects the lessons learned from the Orbán era.

Europe News

'Europe should evolve its carbon market, not dilute it,' investors say

A group of investors managing €11.4 trillion in funds are advocating for complementary industrial policies such as grids, electrification and clean tech financing, reflecting a broader shift in European climate policy from setting targets toward managing industrial transformation.

Europe Today

Watch: Batteries, microchips, and K-Pop—what's at stake at the EU-Korea Summit

European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit. Why it is important?

EU.XL

EU migration rules kick in, but enforcement is already in doubt

Two years after it was signed, the EU's Pact on Migration and Asylum takes effect this Friday, and the gap between promise and delivery is already wide. Will it hold? Watch the video.

Europe News

EU targets Russia's Patriarch Kirill in new sanctions proposal

Patriarch Kirill, the head of Russia's Orthodox Church, is among the many names included in the latest proposal of EU sanctions against Russia.

Europe Today

Letta: Europe must unite or risk becoming a 'colony' of US and China

The nascent "EU inc" strategy will attempt to complete the single market before the bloc becomes unable to compete with global superpowers.

Europe News

EU warns of rising risks as Europe drug market grows complex

Europe’s drug market is growing more complex, with potent opioids, stronger cannabis and new substances raising health risks, the EU agency warns.

Europe Today

Newsletter: Squeezing Moscow's war chest

Also in this newsletter: A group of MEPs are up in arms over planned technical talks between EU and Taliban officials on the return of migrants to Afghanistan.

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