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EU
Italian Prime Minister Giorgia Meloni expressed frustration regarding her government’s relations with the US administration, noting a lack of recent contact with Donald Trump. She emphasised the importance of Western unity while asserting Italy’s sovereignty and rejecting notions of inferiority to other nations.
EU BRIEFING
This morning, leaders address energy supply challenges and military readiness concerns across Europe.
The European Union prepares for notable upcoming sanctions.
The Party of European Socialists is experiencing an internal rift, as Italian and Spanish MEPs criticise Denmark’s Frederiksen for “selective solidarity” in her alignment with Meloni against Spain over Ceuta, while the Danish Social Democrats uphold a stringent migration policy.
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.
EU leaders are responding to European Council President António Costa’s initiative to establish diplomatic contacts with Russia, while Sweden’s EU affairs minister offers exclusive insights ahead of discussions on the bloc’s upcoming long-term budget.
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.
EU LEADERSHIP UPDATE
This morning, European Union leaders convene to address pressing challenges, including trade and geopolitical tensions.
Various resolutions on migration and China relations are planned.
VivaTech, one of Europe’s largest technology events, is highlighting artificial intelligence as a key focus. The Paris event attracts around 200,000 visitors, including Amazon founder Jeff Bezos and French President Emmanuel Macron, as discussions centre on AI’s potential benefits and risks amid a vibrant showcase of innovations.
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