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- European Parliament demands 10% hike in EU long-term budget plan
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EU
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.
Relations between Hungary and its neighbours deteriorated ahead of the 12 April election, which saw newcomer Magyar defeat long-standing nationalist leader Viktor Orbán. This political shift marks a significant change in Hungary’s approach to regional relations and governance.
The European Commission is shifting towards a firmer stance on China, spurred by China’s threat of retaliation against the EU’s Made in Europe legislation. On 29 May, EU Commissioners will debate a new strategy amid rising pressures from industry and economic threats perceived from Beijing, signalling potential changes in trade policy.
Ukraine will receive a €90 billion loan to support its budget and defense, as confirmed by European officials. The European Parliament aims to expedite voting, given the urgent need to address funding before the budget is empty in April.
The European Investment Bank (EIB) is allocating €3 billion to assist EU countries in managing expected energy bill increases from the 2028 carbon tax, announced Climate Action Commissioner Wopke Hoekstra. This funding supports vulnerable households transitioning to cleaner energy solutions.
Centre-left candidate António José Seguro has claimed a decisive victory in Portugal’s presidential election, securing 67% to 73% of the vote against far-right candidate André Ventura, who garnered 27% to 33%. The results matter as Seguro’s win consolidates his position over Ventura’s growing opposition party.
Portugal has commenced voting in the presidential election runoff, with António José Seguro, Socialist Party candidate, expected to beat Chega leader André Ventura. Approximately 11 million voters are eligible, marking a key moment in Portugal’s evolving political landscape.
Former Israeli Prime Minister Ehud Olmert spoke on Euronews regarding ongoing US–Iran nuclear talks, emphasising the urgency of diplomatic efforts amid escalating tensions in the region, highlighting the need for immediate resolution for global security.
The European Parliament, via François Kalfon, Shadow Rapporteur on military mobility, advocates for EU plans to enhance military logistics with a European preference to prevent foreign ‘kill switches’ in critical infrastructure. This is crucial as the EU aims to reduce military transit times amid increasing geopolitical tensions.
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