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Image header Agence Europe
Europe Daily Bulletin No. 13653
Contents Publication in full By article 4 / 35
ECONOMY - FINANCE - BUSINESS / Economy

European Commission recommends applying flexibility of Stability Pact to allow 15 EU countries to increase military spending

On Wednesday 4 June, the European Commission adopted recommendations approving, in a coordinated manner, the request from EU Member States wishing to activate the national escape clause of the Stability and Growth Pact over the period 2025-2028 in order to increase their military spending (see EUROPE B13632A8).

At this stage, the EU institution has been able to examine requests from the following 15 countries: Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, Greece, Hungary, Latvia,...

Contents

ECONOMY - FINANCE - BUSINESS
EMU: Bulgaria on course to become twenty-first country in euro area at start of 2026
ECONOMY: European Commission identifies measures to be taken in each EU country to boost economic competitiveness and strengthen security
ECONOMY: European Commission suggests options to help Member States finalise their post-Covid-19 recovery plans
ECONOMY: European Commission recommends applying flexibility of Stability Pact to allow 15 EU countries to increase military spending
FINANCE: European Commission is finalising plans for a new framework for securitisation, according to a senior official
TAXATION: MEPs resume discussions on ‘BEFIT’ initiative defining a Framework for Income Taxation of large companies
SECTORAL POLICIES
ENVIRONMENT: European Commission publishes its proposal for a European Water Resilience Strategy
AGRICULTURE : MEPs remain divided on rules on written contracts
AGRICULTURE : Parliament’s Committee on Agriculture hopes to vote on post-2027 CAP on 15 July
HEALTH : EU Member States reach a common position on reform of pharmaceutical legislation
TELECOMMUNICATIONS: EU Council wants to make security and resilience key elements of future European telecommunications policy
DIGITAL : Council of EU wants to strengthen cooperation at all levels of Union to anticipate cyber attacks
CONSUMERS : European Commission wants to propose two different “handling fees” on parcels from online platforms
INDUSTRY: critical raw materials; European Commission announces thirteen strategic projects in third countries
ENERGY : Polish Presidency’s draft conclusions on energy security making good progress ahead of Energy Council
ENERGY : European Commission stresses that hydrogen market is “still in infancy”, with many projects behind schedule
TRANSPORT: with no agreement on compensation, EU Council negotiations on air passenger rights continue at ministerial level
JUSTICE: insolvency law - MEPs examine and support addition of national procedures to European insolvency regulation
SECURITY - DEFENCE - SPACE
NATO: Allied Defence Ministers to adopt new capability goals
Russian invasion of Ukraine
DEFENCE: Ukraine Defence Contact Group to focus on collaborative projects
MIGRATION: European Commission proposing to Member States that temporary protection for Ukrainian refugees be extended until March 2027
EXTERNAL ACTION
NEIGHBOURHOOD: European Commission wants strategic partnerships with Morocco and Lebanon
MIDDLE EAST: “a starving human is not a target”, says Hajda Lahbib after new attacks in Gaza
SYRIA: European Commission proposing €175 million in support for country’s economic and social recovery
MOLDOVA: Kaja Kallas welcomes Chisinau’s progress towards EU membership
UNITED STATES: despite latest increase in US tariffs, Maroš Šefčovič still believes in negotiations with Washington
INSTITUTIONAL
BUDGET: European Commission presents its budget proposal for 2026
COURT OF JUSTICE OF THE EU
RUSSIA: EU General Court dismisses appeal of Russian businessman challenging his inclusion among persons sanctioned by EU
SOCIAL AFFAIRS
SOCIAL/EMPLOYMENT : rules for coordinating social security schemes; co-legislators’ negotiating meeting deemed “a bit disappointing” by European Parliament
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
HUNGARY: rule of law - “The Commission is ready to use all the necessary tools, including infringement proceedings”, says Michael McGrath
NEWS BRIEFS
HOME AFFAIRS: MEPs approve political agreement on EU entry/exit system
CLIMATE : Innovation Fund; European Commission renews assistance agreement with EIB to support up to 250 decarbonisation projects
CIVIL PROTECTION: Romania activates EU’s Civil Protection Mechanism following floods at Praid salt mine
SOCIAL: MEPs set to approve agreement on European Works Councils on 5 June
CORRIGENDUM
SOCIAL/EMPLOYMENT: directive on quality traineeships - clarifications on exclusion of traineeships linked to active labour market policies