EU

Former Greek Finance Minister Yanis Varoufakis stated that European Commission President Ursula von der Leyen’s remarks lack substance, asserting that Europe faces a choice between federalisation or dissolution of the euro. His comments coincide with an informal EU summit focusing on eurobonds and competitiveness.

EU leaders are retreating today, according to EU editor Maria Tadeo, who outlines expected discussions on key events impacting Europe. This development is significant as it coincides with ongoing analyses of political climates affecting the EU.

Former Italian Prime Minister and President of the European Central Bank Mario Draghi stated that Europe must transform into a “genuine federation” to avoid becoming subordinated and deindustrialised, as he warned against rising US tariffs and China’s market control.

The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.

The German government, represented by a spokesperson from the Federal Foreign Office, has reiterated its opposition to reopening diplomatic channels with Russian President Vladimir Putin amid ongoing discussions among European leaders on negotiating an end to the war in Ukraine.

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