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- Germany overtakes UK as largest European defence investor, spending €97 billion
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- Hungarian Prime Minister-elect confirms EU funds could be released soon
EU
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.
French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni have called for the European Union to re-engage diplomatically with Russia to influence post-war security discussions. This push has intensified amid debates on appointing a special envoy to streamline communication with the Kremlin.
European Commission President Ursula von der Leyen stated the proposed “European preference” aims to prioritise EU-made products in public procurement, essential for enhancing competitiveness and reducing dependency on foreign imports. Industry leaders warn of supply chain disruptions and increased costs.
EU officials have expressed concerns about Spain’s plan to regularise undocumented migrants, stating it could set a precedent for other member states. This development is significant as the EU seeks to manage migration effectively amidst ongoing challenges.
The European Court of Auditors (ECA) has raised concerns about a lack of clarity in tracking public funds in the EU’s proposed long-term agricultural budget for 2028-2034, warning it may create unpredictability for beneficiaries and hinder fund delivery.
Iranian chess grandmaster Mitra Hejazipour has urged international powers to intervene against the Iranian government’s crackdown on protests, claiming over 30,000 have died since demonstrations began in December. She criticizes negotiations and sees Crown Prince Reza Pahlavi as a leader for democratic transition.
Ursula von der Leyen, President of the European Commission, proposed that countries unable to reach consensus on economic policies should form smaller groups to advance initiatives, ahead of a pivotal summit aimed at strengthening Europe’s economy against US and China pressures.
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