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.

The UK’s leading business lobbying group, the CBI, is calling for a major reset in relations with the EU, saying the current post-Brexit setup is “no longer fit for purpose”. Ahead of a UK-EU summit on 19 May, the group has urged both sides to rebuild trust and take “practical steps” to reduce red tape, ease staff mobility, and coordinate on climate, defence and energy.

Almost all of Tuesday’s front pages in the UK cover the Spain and Portugal blackouts – with some right-leaning publications blaming net zero and others looking at the chaos caused by the blackouts. Much of the power has since been restored – although that’s not reflected on the front pages as they had already gone to print.

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