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EU leaders push to boost global role of euro as US ties fray
Worldcyprus-mail10d ago

EU leaders push to boost global role of euro as US ties fray

As American and European policymakers know well, global currency dominance and exchange rate movement are different things. But there’s a decent argument that Europe’s push to widen euro usage necessarily involves some revaluation of the single currency. As Transatlantic ties fray and European Commission President Ursula von der Leyen warned of lines that “cannot be […]

EU Leaders Furious At Hungary's Double Veto Defeat Of Anti-Russia Measures
Politicsdanasnaftemporikizerohedge8d ago3 sources

EU Leaders Furious At Hungary's Double Veto Defeat Of Anti-Russia Measures

EU Leaders Furious At Hungary's Double Veto Defeat Of Anti-Russia Measures Hungary strikes again... As the European Union confirms no agreement Monday on a proposed 20th package of sanctions against Russia, EU leaders are furious at Budapest. The majority of EU states were hoping to unveil their next round of punitive sanctions in time for the four year anniversary of the grinding war, on Tuesday. But instead Hungary came in with a resounding veto, and not just one - but two. vi...

The Guardian view on Merz and Meloni: an emerging Berlin-Rome axis is threatening the EU’s green deal
PoliticsThe Guardian12d ago

The Guardian view on Merz and Meloni: an emerging Berlin-Rome axis is threatening the EU’s green deal

The deregulation agenda being pushed by Germany’s chancellor and Italy’s prime minister is economically and ethically flawed When the European Union launched its green deal in 2019, putting into law the goal of climate neutrality by the middle of the century, it showed strategic foresight as well as global leadership. Russia’s war in Ukraine has starkly underlined the extent to which the continent’s energy security – and its future prosperity – is dependent on the transition away from fossil fuels. Lately, however, EU leaders’ environmental approach appears to be echoing the youthful St Augustine’s plea on chastity: make us greener, but not yet. The recent European Industry Summit in Antwerp made unusually big headlines thanks to Sir Jim Ratcliffe’s xenophobic outburst over immigration. But it was also notable for fierce attacks on one of the most important pillars of EU environmental policy. The bloc’s emissions trading system (ETS) – which makes polluters pay for the C02 they emit – has achieved dramatic results in driving down overall emissions since 2005 and encouraging green innovation. Worryingly, the German chancellor, Friedrich Merz, appeared to sympathise with demands from Sir Jim and other CEOs for a radical relaxation of the rules. Continue reading...