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EU
Natacha Polony, a journalist and essayist, has announced her candidacy for the 2027 French presidential election, aiming to overhaul the political landscape. Advocating for economic sovereignty, she launched the movement “Nous sommes la France,” claiming 60,000 supporters concerned about France’s standing and decline.
A Russian ballistic missile hit Kyiv’s CHP-4 power plant, prompting President Zelensky to criticise Western allies for not providing advance warning. This strike occurred despite former President Trump’s assertion that an energy ceasefire was in effect.
Russian ballistic missiles struck Kyiv on Monday night, with no advance air-raid warning provided to residents. President Volodymyr Zelenskyy emphasised the critical need for timely intelligence to save civilian lives, amid speculation regarding potential US intelligence-sharing cuts, which both Ukrainian and European officials have disputed.
Belgium is negotiating with French energy group Engie to take control of its nuclear power plants, aiming to secure energy supplies. Prime Minister Bart de Wever confirmed plans to halt decommissioning operations while advocating for increased use of nuclear energy amid rising energy prices linked to global conflicts.
European defence spending surged by 14% in 2025, totalling €739 billion, with Germany becoming the largest investor after increasing its budget by 24% to €97 billion. This rise comes amid US pressure for NATO members to meet 5% GDP targets by 2035, marking the highest growth since the 1950s.
Hungarian Prime Minister-elect Péter Magyar indicated that EU funds could soon be released to Hungary following productive talks with European Commission President Ursula von der Leyen. Their discussions addressed unlocking billions in frozen funding, necessary for economic support, amid a looming August deadline.
As EU countries debate the European Commission’s proposal, China is urging national governments to abandon the planned law. Beijing has warned that failure to comply will lead to countermeasures, highlighting escalating tensions between the EU and China over regulatory standards.
EU FOCUS THIS MORNING
Europe addresses ongoing energy and security challenges
as imminent discussions on sanctions and reforms continue.
The European Parliament has adopted its stance on the EU long-term budget, advocating for a 10% increase and the implementation of EU-level taxes. Members of the European Parliament are prepared for rigorous negotiations as discussions regarding the budget for the 2028-2034 cycle progress.
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