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- Greek parliament lifts immunity of Dimitris Avramopoulos for investigation
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- Impact of U.S. Federal Reserve interest rate hike on Canadian dollar and borrowers
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EU
The Greek parliament has voted overwhelmingly to lift the parliamentary immunity of former European Commissioner Dimitris Avramopoulos, facilitating the ongoing Belgian investigation into the Qatargate scandal. Avramopoulos, who denies any wrongdoing, requested the immunity’s removal to cooperate fully with authorities.
European leaders are responding to rising oil prices as Saudi cargo deliveries face disruptions from Middle Eastern conflicts. The closure of the East-West oil pipeline threatens up to 4% of global supply, prompting urgent measures, including France’s push for alternative routes and Italy’s abolition of car taxes to alleviate costs.
Residents of Piddington, a village near Oxford, have voted overwhelmingly in a symbolic referendum to “secede” from the UK, protesting plans to convert a former military site into an asylum seeker accommodation. With 285 of 312 ballots supporting self-determination, villagers celebrated by declaring the area the “Principality of Piddington.”
Hungary’s incoming Prime Minister Péter Magyar announced that oil flows from Russia via the Druzhba pipeline could potentially resume next week, following communication from Hungary’s MOL. This pipeline, delivering oil through Ukraine, was halted after damage from a Russian drone strike in January, straining relations with Kyiv.
US Vice President JD Vance defended just war theory during a Turning Point USA event, criticising Pope Leo XIV’s stance on the war in Iran. Citing over a millennium of theological tradition, he warned the pontiff to tread carefully in theological matters. The pope was in Algeria, commemorating Saint Augustine.
The European Commission has dismissed claims of imminent jet fuel shortages, despite warnings from the International Energy Agency regarding potential cancellations of flights due to geopolitical disruptions. Officials state there are currently no shortages in the EU, though assessments and preparations for possible supply issues continue.
EFFECTS OF EU POLICY
This morning, Europe grapples with implications of new regulations, impacting trade and member state dynamics.
Key discussions continue over energy strategies and economic resilience.
Since Russia’s full-scale invasion of Ukraine, European countries have significantly increased their military and financial aid to Kyiv, providing extensive support in the form of weapons systems and ammunition for Ukrainian armed forces.
Staff at immigration offices across Spain have cancelled planned strikes after securing a deal with the government, including a pay rise of 10-18% and the filling of 700 vacancies. This comes in response to increased workloads following a new amnesty programme for around 500,000 undocumented migrants.
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