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EU finance ministers convened in Brussels to deliberate on Spain’s proposal for a new joint borrowing mechanism, potentially allowing up to €850 billion annually. ECB President Christine Lagarde supports the initiative, emphasising its importance for economic stability amid ongoing geopolitical uncertainties.
Andy Burnham, a veteran politician, has garnered support from 322 Labour MPs in his bid to succeed Keir Starmer as Labour leader. With nominations closing on 16 July, Burnham stands poised to become the sole candidate, potentially taking office on 20 July following a special conference.
Jamie Shea, former NATO security adviser, articulates a shift towards NATO 3.0, emphasising it will predominantly be “a European show” rather than an American-led initiative. He notes the US is expected to play a reduced role in collective defence, diverging from its historical influence during the Cold War.
More than 6,500 participants began a peace march in Bosnia and Herzegovina on 8 July, commemorating the victims of the 1995 Srebrenica genocide. Over three days, walkers will cover 100 kilometres, visiting significant sites of the tragedy before arriving in Potocari for the memorial on 10 July.
Barcelona recorded its highest ever temperature of 40.5C on Wednesday, exceeding the previous record of 40C set in July 2024. The heatwave, which began on Sunday, is expected to persist, prompting AEMET to issue red warnings for extreme heat across Catalonia and Valencia.
US President Donald Trump has revived annexationist rhetoric regarding Greenland, prompting renewed scrutiny. In Brussels, ambassadors express disagreement over strategies for Serbia, while a controversial letter concerning FIFA gains traction in the European Parliament, highlighting ongoing tensions within EU governance.
Estonian Prime Minister Kristen Michal and Ukrainian President Volodymyr Zelenskyy have signed an agreement to enhance collaboration on drones, military technology, and the defence industry. The accord, established during the NATO summit in Ankara, aims to leverage Ukraine’s battlefield experience for mutual defence capabilities.
US President Donald Trump has reiterated his controversial claim that Greenland should be controlled by the United States, undermining diplomatic efforts made earlier this year. His remarks came shortly after arriving in Ankara for a NATO summit, as he criticised European allies for their military support.
French President Emmanuel Macron visited Syria on Monday, marking the first trip by a Western European leader since the country’s new government formed. Accompanied by a business delegation, Macron aims to discuss regional security and investment while emphasising France’s commitment to a peaceful, sovereign Syria.
Hungary’s Prime Minister Péter Magyar proposes a constitutional amendment to remove President Tamás Sulyok, citing his allegiance to Viktor Orbán. The Tisza Party’s supermajority facilitates this change, prompting Fidesz to schedule a demonstration in support of Sulyok, who criticises the move as a threat to democracy.
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