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Image header Agence Europe
Europe Daily Bulletin No. 13629
Contents Publication in full By article 15 / 28
SECURITY - DEFENCE / Nato

European and Canadian Allies spent 19.4% more on defence in 2024 than in 2023

NATO’s European Allies and Canada have invested a total of $486 billion in defence, an amount that is 19.4% higher in real terms than in 2023, the Alliance announced in a report published on Friday 25 April.

This is the tenth consecutive year of increases. Over the last decade, the European and Canadian Allies have added more than $700 billion to their defence budgets.

Total military spending by the Allies in 2024 is estimated at around $1,300 billion.

In 2024, 22 Allies met the...

Contents

ECONOMY - FINANCE - BUSINESS
TAXATION: US withdrawal from corporate minimum tax reform - EU Member States considering a solution
ECONOMY: Germany activates national escape clause of Stability Pact
ECB: dollar-backed stable coins - Luis de Guindos advocates “revisiting” ‘MiCA’ Regulation
STATE AID: European Commission approves German State aid of €321.2 million for Condor airline
INSTITUTIONAL
EPP: European Christian Democrat family “ready to lead Europe in years to come”
SECTORAL POLICIES
INDUSTRY: EU will not be able to produce 20% of world semiconductors by 2030, according to European Court of Auditors
DIGITAL: European Commission will not back down on implementation of Code of Practice for general-purpose AI models
DIGITAL: several European data protection authorities are concerned about Meta’s resumption of AI training programme
ENERGY: Europe is closely monitoring giant power cut in Iberian peninsula
ENERGY: electricity prices - split of Germany-Luxembourg bidding zone would offer best economic efficiency, according to ENTSO-E
ENERGY: Strategic Perspectives highlights “geopolitical gamble” of replacing Russian gas with American LNG
ENERGY: ACER calls for improved data quality in amended ENTSO-E Balancing Monitoring Plan
CLIMATE/DEFENCE: Bruegel think tank identifies seven areas where agendas of two sectors converge, so that they no longer opposed each other
TRANSPORT: European aviation traffic and emissions have almost returned to pre-pandemic levels, according to T&E
SECURITY - DEFENCE
NATO: European and Canadian Allies spent 19.4% more on defence in 2024 than in 2023
EXTERNAL ACTION
LIBYA: EU Council amends European Union sanctions in line with United Nations decision
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: Europe’s workplace stress kills around 10,000 people a year, according to a new study
COUNCIL OF EUROPE
MIGRATION: Council of Europe warns of risks of trafficking for migrants in Cyprus
HUMAN RIGHTS: French judge Mattias Guyomar elected President of European Court of Human Rights
NEWS BRIEFS
ARMENIA: Kaja Kallas to visit country soon
CANADA: after attack, EU expresses solidarity with country
CHINA: EU imposes definitive countervailing duty on Chinese mobile access equipment
DEVELOPMENT: “We must mobilise private capital”, Jozef Síkela insists to World Bank and IMF
EDUCATION: Erasmus +, call for contributions to improve digitalisation
ENVIRONMENT: European Commission’s proposals for revising REACH regulation too similar to those of chemical industry, according to EEB
GUATEMALA: EU deeply concerned by detention of Vice-Minister Luis Pacheco
RESEARCH: League of European Research Universities opposes civilian and miliary redirection of budget dedicated to Framework Programme
Kiosk
KIOSK: No. 127