EU

EU leaders have reached a preliminary agreement on a €2 trillion long-term budget for 2028–2034, targeting completion by October. The bloc is navigating complex negotiations to balance funding demands from various member states, particularly concerning agriculture and defence expenditures, ahead of a new text proposal by Ireland.

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Former French Economy Minister Bruno Le Maire advocates for a coalition of six core European nations—France, Germany, Italy, Spain, Poland, and the Netherlands—to enhance decision-making and address urgent issues, including defence and foreign policy, during the G7 summit in Évian.

EUROPE MORNING BRIEFING

This morning, tensions escalated as Iran’s new Supreme Leader vowed retaliation against the US and Israel for airstrikes. The European Union is closely monitoring developments amid ongoing military actions that have significant regional implications.

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