EU

The European Commission has dismissed German Chancellor Friedrich Merz’s call for a trade deal with China, urging Beijing to address its economic practices. This follows Europe’s ongoing struggle with a significant trade deficit attributed to China’s low-cost exports amid a real estate crisis, raising concerns over competition and industrial decline.

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Energy analysts warn that prolonged halts in Qatari LNG imports to the EU could trigger a significant surge in natural gas prices. A continued interruption, coupled with an extended conflict in Iran, may lead Europe into a crisis reminiscent of the 2022 energy turmoil.

The G7 Summit concluded with key discussions led by Méabh Mc Mahon and Maia de la Baume, focusing on global security and economic cooperation. Concurrently, updates on the conflict in Iran were provided by Mc Mahon and Babak Kamiar, highlighting ongoing tensions in the region.

Alain Berset, Secretary General of the Council of Europe, warned that proposed reforms to the European Convention on Human Rights regarding migration could threaten broader human rights protections. His comments follow an open letter from nine EU countries advocating for changes by May 2025.

Warsaw Mayor Rafał Trzaskowski stated that the outcome of Russia’s war against Ukraine will significantly affect global perceptions of Western resolve. He emphasised the need for a peace agreement reflecting Ukrainian priorities and warned against initiatives perceived as rewarding Russian aggression.

European Investment Bank President Nadia Calviño urged European Council President António Costa to prioritise the Savings and Investments Union, stressing the need for new frameworks to redirect savings into innovative businesses, aiming to enhance Europe’s competitiveness ahead of the informal European Council on 12 February.

Council of Europe chief Alain Berset urged European nations to provide budgetary support for a special tribunal to prosecute crimes of aggression in Ukraine, emphasizing the need for accountability amid ongoing peace talks and highlighting financial challenges in establishing the court.

The European Union is set to sign a memorandum of understanding with the United States and Japan to enhance critical minerals supply chain security within 30 days, according to Stéphane Séjourné, the EU’s industry chief. This partnership addresses urgent supply dependencies revealed in a recent EU audit.

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