EU

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.

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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.

EUROPE MORNING BRIEFING

This morning, polling stations in Italy remain open for a two-day referendum on judicial reform, with voter turnout at 14.88%. The outcome will significantly impact Prime Minister Giorgia Meloni’s government ahead of national elections.

EUROPE MORNING BRIEFING

This morning, Hungarian Prime Minister Viktor Orbán addressed attendees at a CPAC event in Budapest, emphasising a global right-wing realignment and their challenge against progressive forces within the European Union.
Overnight, Czech Prime Minister Andrej Babis returned to Prague due to a suspected arson incident at a drone factory.

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