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EU
Protesters in Venice greeted American ambassador Tilman Fertitta’s luxury yacht with inflatable toys and signs reading “Venezia non si USA” during his visit on Friday. The demonstration, opposing perceived American influence, led to clashes with police as activists voiced opposition to current U.S. foreign policy.
Hungary’s recent reforms under Prime Minister Péter Magyar aim to restore the rule of law, the European Commission reported. Key developments include joining the European Public Prosecutor’s Office and dismantling the controversial Sovereignty Protection Office, reflecting significant progress in anti-corruption measures and judicial independence.
German MEP Engin Eroglu warned that restricting Chinese access to the EU market could destabilise China’s export-driven economy. With an unprecedented €1 billion deficit in 2026, the European Commission plans unilateral measures, including tariffs and quotas, to protect industries from the surge of low-cost imports.
Brent crude oil prices have surged to $100 per barrel, a significant rise since military actions against Iran commenced. In response, five EU ministers are advocating for a new EU-wide contributory mechanism to tax excess profits from multinational oil firms, addressing market distortions amid soaring fuel prices across Europe.
Roberto Mazzarella, 48, one of Italy’s most wanted fugitives, has been captured, reducing the list of dangerous criminals to three. Authorities seized €20,000 in cash and forged documents during the operation, linked to Mazzarella’s extensive drug trafficking and money laundering activities in Naples.
EU ENERGY CONTEXT
This morning, Europe faces escalating pressures on energy supply and costs amid ongoing geopolitical tensions.
Continued discussions on regulatory measures are expected.
The Global Terrorism Index 2026 highlights a troubling trend in terrorism, noting that minors and young adults now represent 42% of terror-related investigations in Europe and North America. This marks a threefold increase since 2021, indicating a rapid shift in radicalisation processes.
Under EU treaties, member states retain the right to veto decisions impacting core sovereignty, including foreign policy and taxation. However, Hungary’s repeated vetoes on issues like aid to Ukraine and sanctions against Russia raise concerns about using sovereignty claims as leverage, complicating reform efforts within the bloc.
Despite strikes and rising flight costs linked to the Iran conflict, European travel is expected to surge this Easter. EasyJet anticipates nearly 30,000 flights, marking its busiest season. However, UK and Dutch airports hold the highest parking fees, with London Stansted charging around €66 for 24 hours.
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