EU

Road fatalities in the EU saw a modest decline of 2% in 2024, but challenges remain significant. Rural roads accounted for over half of the 20,000 deaths, highlighting persistent safety imbalances. Disparities across Member States also persist, with some countries exhibiting up to four times higher fatality rates.

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EU officials warn that rising energy prices could mirror the 2022 crisis, driven by geopolitical tensions and supply disruptions. Despite improvements in clean energy production and infrastructure, uncertainty remains high as the conflict’s duration impacts market stability. Coordinated EU measures are underway to mitigate risks.

The European Commission has finalised trade agreements with Australia, India, and Mercosur, facing farmer discontent over the latter due to concerns about beef imports. While Australia secured 30,600 tonnes of annual beef access with conditions, tensions remain regarding competitive pressures on EU agriculture.

EUROPE MORNING BRIEFING

This morning, tensions escalated as Iran’s new Supreme Leader vowed retaliation against the US and Israel for airstrikes. The European Union is closely monitoring developments amid ongoing military actions that have significant regional implications.

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