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- Rapporteurs agree on digital euro design amid EU-US economic tensions
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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.
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.
EU UPDATE
EU leaders convene today to address recent security challenges.
Discussions focus on energy cooperation and migration policies.
EUROPE MORNING BRIEFING
Prime Minister Donald Tusk has raised concerns this morning about the possibility of Poland exiting the European Union amid growing far-right sentiments.
He emphasised the potential risks, stating that leaving would be a “catastrophe” for the country.
EUROPE MORNING BRIEFING
This morning, Iceland’s government is preparing for a referendum on 29 August 2026 regarding the resumption of EU membership negotiations. The foreign minister emphasised the importance of EU membership for economic security amid a shifting global landscape.
EUROPE MORNING BRIEFING
This morning, energy costs are surging due to the ongoing war in Ukraine and tensions in the Strait of Hormuz. European Union leaders are convening in Brussels amid concerns over rising grocery prices and security implications.
EUROPE MORNING BRIEFING
A high-level NATO delegation visited Ukraine overnight, marking the first such engagement since Russia’s invasion. Discussions focused on the future participation of Ukrainian military personnel in NATO exercises.
EUROPE MORNING BRIEFING
This morning, polls opened in Slovenia for parliamentary elections, featuring a close contest between Prime Minister Golob and Janez Janša. Allegations of foreign interference have surfaced amid a tightly contested race.
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