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EU
EFFECTS ON EUROPE
Overnight developments highlight Europe’s urgent response to energy shortages and economic challenges.
Focus remains on policy measures across the European Union.
Partial results from Iceland’s EU referendum show ‘No’ leading with 59.8% of votes cast, as counting continues. Approximately 10,000 votes are scrutinised, reflecting regional sensibilities about EU membership. Voter turnout appears comparable to the 2024 parliamentary elections, reaching around 80%.
Reykjavík recorded a higher voter turnout in the EU referendum by noon on Saturday, with 13.7% in the North constituency and over 14% in the South, surpassing 2024 parliamentary election figures. A close outcome is anticipated, with polls indicating a near tie on EU membership support.
European governments are keen to collaborate with ICEYE, a Finnish space company specialising in mini satellites. These high-resolution radar satellites provide critical Earth observation and military reconnaissance capabilities, reinforcing national sovereignty for allied nations.
Germany emerged as the world’s largest exporter of plastic waste in 2025, exporting 810,000 tonnes. The UK followed with 675,000 tonnes, marking an eight-year high. The European Union exported 1.5 billion kg annually, primarily to non-OECD countries, with Turkey as the largest recipient.
Warsaw has registered its first same-sex marriage, following a court ruling requiring recognition of marriages registered abroad. This follows a November decision by the EU’s highest court, prompting local authorities to comply. Mayor Rafał Trzaskowski confirmed further recognitions will be pursued proactively.
A senior NATO military official confirmed that the planned withdrawal of 5,000 US troops from Germany will not affect NATO’s deterrence and defence strategies, following a dispute between President Trump and Chancellor Merz. The decision highlights ongoing tensions in transatlantic military commitments.
EU BRIEFING
This morning, Europe confronts challenges in energy dependency and strategic reforms.
Attention turns to exchange rates and economic forecasts.
The European Political Community convened in Armenia last week, addressing global instability and escalating US-EU trade tensions, particularly regarding potential tariffs on European cars. Participants, including Canadian Prime Minister Mark Carney, discussed strengthening democracy, military cooperation, and economic ties amid shifting geopolitical landscapes.
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