EU

European leaders, including France’s Macron and the UK’s Keir Starmer, convened in Berlin for an E5 summit aimed at strengthening defence collaboration amid shifting US commitments. The summit addressed support for Ukraine and strategic military projects, coinciding with a key NATO summit in Ankara in July.

French far-right leader Jordan Bardella commenced a two-day visit to Poland, aiming to forge alliances with right-wing leaders ahead of France’s presidential election. In Warsaw, he met with President Karol Nawrocki, discussing security, national borders, and the role of both nations in shaping Europe’s future.

EU leaders have reached a preliminary agreement on a €2 trillion long-term budget for 2028–2034, targeting completion by October. The bloc is navigating complex negotiations to balance funding demands from various member states, particularly concerning agriculture and defence expenditures, ahead of a new text proposal by Ireland.

Former French Economy Minister Bruno Le Maire advocates for a coalition of six core European nations—France, Germany, Italy, Spain, Poland, and the Netherlands—to enhance decision-making and address urgent issues, including defence and foreign policy, during the G7 summit in Évian.

The Global Green Bond Initiative aims to mobilise €15 to €20 billion for sustainable projects, but EU officials warn such investments may inadvertently benefit Chinese companies. This undermines efforts to reduce reliance on Beijing amid rising cybersecurity concerns linked to risky technology in energy supply chains.

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