EU

EU finance ministers convened in Brussels to deliberate on Spain’s proposal for a new joint borrowing mechanism, potentially allowing up to €850 billion annually. ECB President Christine Lagarde supports the initiative, emphasising its importance for economic stability amid ongoing geopolitical uncertainties.

US President Donald Trump has revived annexationist rhetoric regarding Greenland, prompting renewed scrutiny. In Brussels, ambassadors express disagreement over strategies for Serbia, while a controversial letter concerning FIFA gains traction in the European Parliament, highlighting ongoing tensions within EU governance.

Lithuanian President Gitanas Nauseda announced that top political leaders have agreed to amend the constitution, removing Article 137, which bans nuclear weapon deployment. Nauseda cited outdated geopolitical conditions, noting the presence of Russian nuclear capabilities in nearby Kaliningrad and Belarus as a pressing concern.

Spain has seen nearly 1.2 million undocumented migrants apply for legal status under a recent initiative launched by Prime Minister Pedro Sánchez. The scheme, open since April, contrasts sharply with measures taken across Europe amid increasing far-right pressures. Of the applications, 67% are from Latin America.

During the inaugural ceremony of Ireland’s EU Council presidency, President Volodymyr Zelenskyy stated Ukraine has fulfilled all requirements to advance its EU accession negotiations. Despite this, Hungary’s Prime Minister raised concerns, casting doubt on rapid progress, while relations with Poland have strained over historical issues linked to Ukraine’s military unit naming.

The National Committee for the Administration of Gaza reported productive talks in Cyprus aimed at alleviating humanitarian suffering and planning reconstruction efforts following the conflict. The committee expressed commitment to a US-backed plan and stressed the need for transparency in managing international aid, though no specific timeline was provided.

The European People’s Party (EPP) has called on Climate Action Commissioner Wopke Hoekstra to recalibrate the bloc’s Emissions Trading System (ETS) by extending free pollution allowances for heavy industry beyond 2030. The EPP insists that protecting Europe’s manufacturing base must align with emissions reductions.

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