EU

Montenegro’s EU accession process could establish a significant precedent for financing future enlargements, with the European Commission proposing a financial package of €3.2 billion. This amount underscores complex budget discussions as member states debate the implications for the EU’s long-term budget negotiations.

UK Prime Minister Andy Burnham has pledged political stability and support for Ukraine in his inaugural speech outside Downing Street, emphasising a plan to tackle the cost-of-living crisis. He aims for national renewal, with an immediate focus on ending rough sleeping across the country.

EUROPE MORNING BRIEFING

This morning, political pressure mounts within the European Union to address high electricity prices as oil surpasses $114 per barrel. The Council is advocating for urgent reforms to the carbon market to limit volatility and enhance energy infrastructure.

EUROPE MORNING BRIEFING

Today, Slovak Prime Minister Robert Fico will meet European Commission President Ursula von der Leyen in Paris, reiterating that Slovakia may block the EU’s €90 billion loan package for Ukraine if oil flows through the Druzhba pipeline are not restored.

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