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- European Parliament estimates digital levy could raise €25bn annually
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EU
The European Parliament’s proposed digital levy could generate up to €25.2 billion yearly, significantly exceeding the European Commission’s prior estimates. MEP Danuše Nerudová highlighted the broader tax base considered, which includes online gambling and digital services, amid ongoing negotiations for the EU’s long-term budget.
E.U. BRIEFING
This morning, Europe addresses various economic and environmental challenges, focusing on sustainability and regulatory developments.
Key discussions are expected on energy, defence, and digital policy.
European defence ministers convened in Brussels to bolster support for Ukraine amid ongoing Russian aggression, which is impacting the region. Discussions will focus on enhancing the EU’s emergency protocols against hybrid threats and addressing financial aid needs for Ukraine’s military, as President Zelenskyy seeks €23.5 billion.
EU UPDATE
This morning, the European Union addresses pressing energy and trade challenges,
focusing on strategic partnerships and regulatory enforcement.
Italy’s foreign minister Antonio Tajani has proposed closing the Schengen area to Spain, citing security concerns following significant migrant crossings from Morocco to Ceuta. Tajani’s remarks, deemed “inappropriate” by Spain, prompted a military deployment for increased border security amid rising political tensions between the two nations.
Suspicions are rising that specific open mesh fabrics may contain Chinese glass fibre, which is already subject to EU anti-dumping and anti-subsidy duties due to unfair pricing and state support. This development raises concerns about compliance within the European market.
Three firefighters died battling wildfires in Greece as gale-force winds intensified the blazes. Over 150 firefighters are responding near Rethymno, with multiple aerial and ground units deployed. Evacuations are ongoing in affected areas, including Agia Galini, amid heightened alerts for local hotels and tourists.
Hundreds of migrants are swimming from Morocco to Ceuta, overwhelming border security, with over 1,500 reaching the Spanish enclave recently. Authorities report that reception centres are at full capacity, prompting rescue efforts from Spain’s Civil Guard and Maritime Rescue Service amid calls for enhanced management of the situation.
Italy has yet to finalise its €14.9 billion SAFE defence loans as domestic issues delay the decision, causing frustration in Brussels. Foreign Minister Antonio Tajani indicated the amount may be lower, complicating access for other EU nations needing unspent funds for military support.
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