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EU
Hungary’s recent reforms under Prime Minister Péter Magyar aim to restore the rule of law, the European Commission reported. Key developments include joining the European Public Prosecutor’s Office and dismantling the controversial Sovereignty Protection Office, reflecting significant progress in anti-corruption measures and judicial independence.
German MEP Engin Eroglu warned that restricting Chinese access to the EU market could destabilise China’s export-driven economy. With an unprecedented €1 billion deficit in 2026, the European Commission plans unilateral measures, including tariffs and quotas, to protect industries from the surge of low-cost imports.
The European Commission has submitted a list of EU products to the US, seeking exemptions from the 15 per cent tariffs established under the 2025 trade deal. Key items include Roquefort cheese, olive oil, and machinery, representing approximately €150 billion in exports.
EUROPE MORNING BRIEFING
The Council of the European Union sanctioned four individuals this morning for hybrid manipulation and foreign interference on behalf of Russia. Their assets will be frozen, and EU citizens are prohibited from funding them.
EUROPE MORNING BRIEFING
The European Commission has delayed a proposal to permanently ban Russian oil imports, impacting energy markets this morning. Tensions with Hungary and Slovakia persist over the Druzhba pipeline amid ongoing geopolitical challenges.
EUROPE MORNING BRIEFING
Hungary’s Foreign Minister Péter Szijjártó confirmed ongoing communications with Russian counterpart Sergei Lavrov during EU meetings. The European Commission has requested clarification amid rising political tensions ahead of Hungary’s parliamentary elections.
EUROPE MORNING BRIEFING
This morning, the European Commission confirmed provisional application of the Mercosur trade deal from 1 May, linking the EU with Argentina, Brazil, Paraguay, and Uruguay, despite ongoing legal challenges in the European Parliament.
EUROPE MORNING BRIEFING
This morning, European Commission President Ursula von der Leyen finalised a free-trade agreement with Australia, significantly reducing tariffs on EU goods and farm exports, with projected annual savings of €1 billion for the bloc.
EUROPE MORNING BRIEFING
The European Commission has requested clarification from Budapest this morning regarding reports of Hungarian foreign minister Péter Szijjártó briefing his Russian counterpart Lavrov on confidential EU Council meetings.
This has caused significant uproar within the bloc.
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