EU

The European Parliament’s rapporteurs have reached an agreement on the digital euro’s design, facilitating both online and offline payments. This development addresses growing economic tensions with the US and aims to reduce dependence on American payment systems, advancing the legislative process following months of impasse.

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The EU has enacted a comprehensive customs reform to manage increasing trade volumes and streamline standards enforcement. The agreement, deemed the most significant since 1968, introduces a customs data hub for efficient monitoring and simplified procedures for compliant traders, while enhancing controls on non-compliant goods.

Valérie Hayer, MEP and President of Renew Europe, discussed key policy directions and strategies for enhancing the bloc’s economic resilience. She emphasised the importance of innovation and collaboration among EU member states to address current challenges and strengthen economic stability across Europe.

Political groups in the European Parliament agreed on the EU-US trade deal, established in July 2025 by US President Donald Trump and European Commission President Ursula von der Leyen. The deal requires ratification following controversies around tariffs and territorial sovereignty issues.

MEPs from Hungary’s Tisza party opposed European Parliament safeguards for the EU’s Mercosur trade deal, asserting support for local farmers. Their stance raises concerns within the European People’s Party as they lead in upcoming elections against Viktor Orbán’s government.

French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni have called for the European Union to re-engage diplomatically with Russia to influence post-war security discussions. This push has intensified amid debates on appointing a special envoy to streamline communication with the Kremlin.

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