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 European Commission has proposed a new round of sanctions against Russia, aiming to weaken its war economy, according to Commission President Ursula von der Leyen. The plan includes a full ban on maritime services linked to Russian crude oil, aiming to increase pressure on Moscow ahead of the war’s fourth anniversary.

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.

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