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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.

French MP Olivier Falorni, rapporteur for the proposed assisted dying bill, clarified that psychological suffering alone does not qualify for assisted dying. The bill is significant now as it approaches another National Assembly vote in February amid ongoing debates about its eligibility criteria and safeguards.

NATO Secretary General Mark Rutte announced the Arctic Sentry programme to strengthen NATO’s military posture in the Arctic amid threats from Russia and China. The initiative aims to unify operations of member nations, with the UK doubling its troop presence in Norway as part of the effort.

European lawmakers are debating the “safe third country” concept for asylum as Spain implements a regularisation plan for migrants. Juan Fernando López Aguilar, Chair of the Civil Liberties Committee, emphasised balancing control with rights, while Tomas Tobé called for efficient border management.

European Union defence ministers have approved the national investment plans of eight member states, enabling the first disbursements under the €150 billion Security Action for Europe scheme. Cyprus Defence Minister Vasilis Palmas emphasised the EU’s commitment to strengthening security amid rising defence needs.

Industry leaders, including EUROFER President Henrik Adam, demanded urgent EU action to lower high electricity prices, which threaten competitiveness and investment in energy-intensive sectors. They seek costs around €50/MWh to support decarbonisation and restore industrial capacity amid rising global competition.

Ursula von der Leyen, President of the European Commission, emphasized the need for careful implementation of a “Made in Europe” preference in public contracts, highlighting its potential to boost European production amidst rising concerns over US tariffs and Chinese trade practices.

Greens/EFA group Member of the European Parliament (MEP) Saskia Bricmont described the EU-US trade agreement as a “total capitulation,” urging for increased investments and a decoupling from Washington amid ongoing trade negotiations.

French President Emmanuel Macron has initiated a debate on EU common debt, or eurobonds, as reported by EU news editor Maria Tadeo in Strasbourg. This discussion is significant as it addresses ongoing financial challenges faced by the bloc.