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Image header Agence Europe
Europe Daily Bulletin No. 13665
Contents Publication in full By article 27 / 42
ECONOMY - FINANCE - BUSINESS / Economy

European Fiscal Board recommends fiscal restraint for euro area, excluding increase in military spending

In a report published on Monday 23 June, the European Fiscal Board (EFB) takes the view that, excluding an increase in national defence spending, a restrained fiscal stance for the euro area is appropriate in 2026.

“Budgetary flexibility in defence must not become a back door for broader fiscal loosening”, said the new chair of the European Committee, Pieter Hasekamp, convinced that “fiscal responsibility and collective security can go hand in hand”.

According to him, if all the...

Contents

BEACONS
Beacons: A form of European powerlessness as hostilities increase
EXTERNAL ACTION
MIDDLE EAST: following US strikes, Europeans reiterate need for a diplomatic solution
MIDDLE EAST: association agreement - EU Council gives Israel another chance to improve humanitarian situation in Gaza
HUMANITARIAN AID: “Our first goal is to [...] ensure that humanitarian aid gets in” to Gaza, says Kaja Kallas
SYRIA: EU Council calls on international community to step up support
CANADA: EU signs Security and Defence Partnership with Ottawa on occasion of their bilateral summit
CHINA: relations with Beijing require “a dose of realism”, says Kaja Kallas
NEW ZEALAND: Ursula von der Leyen wants to pave way for security and defence partnership
DEVELOPMENT: Sustainable Development Goals, MEPs asked to take a stand in European Parliament committee
SECURITY - DEFENCE
NATO: Allies should agree to increase defence spending to 5% of GDP by 2035
SECTORAL POLICIES
ENVIRONMENT: European Commission will not withdraw Green Claims Directive if micro-enterprises are excluded, but EU Council no longer has a mandate
ENVIRONMENT: European Parliament’s Environment Committee asks Jessika Roswall to clarify future delegated and implementing acts
AGRICULTURE: “There is no robust safeguard clause to protect our agriculture in this draft EU/Mercosur agreement”, says France
AGRICULTURE: EU countries want to retain a say in simplifying CAP
AGRICULTURE: EU Agriculture Ministers hope to reach agreement with European Parliament on ‘wine’ package by end of 2025
MIGRATION: agreements with Senegal, labour migration with India, instrumentalisation in Libya - Ursula von der Leyen takes stock of current projects
JUSTICE: cooperation between EU agencies still limited in fight against organised crime
DIGITAL: EU wants to prepare for era of post-quantum cryptography
DIGITAL: European online retailers worried about potential full reopening of ‘GDPR’
DIGITAL: European Commission consults on guidelines for protection of online media providers
CONSUMERS: proposed €2 handling fee on parcels from third countries deemed ineffective by European industry
TOURISM: European ministers to discuss future of sector, particularly with regard to sustainable development and competitiveness
ENERGY: low-carbon hydrogen - number of industry players urge European Commission to review its draft delegated act
ECONOMY - FINANCE - BUSINESS
FINANCE: MEPs to vote in European Parliament Committee on ‘Lalucq’ report on EU investment effort
COMPANIES: ‘omnibus’ - EU Member States agree to simplify ‘CSRD’ and ‘CSDDD’ directives
INDUSTRY: EU chemicals sector could benefit from advantages like Critical Raw Materials Act, suggests Stéphane Séjourné
ECONOMY: European Fiscal Board recommends fiscal restraint for euro area, excluding increase in military spending
COMPANIES: EFRAG believes it can reduce European Sustainability Reporting Standards burden by half
INSTITUTIONAL
GENERAL AFFAIRS: preparing for European Council, rule of law in Finland and European Semester on agenda of EU countries
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
GENDER EQUALITY: economic autonomy - thirty years after Beijing Platform for Action, European Institute for Gender Equality condemns slow progress made
EDUCATION - YOUTH - CULTURE - SPORT
SPORT: European Commission publishes two concept papers as part of SHARE 2.0 initiative to support digitalisation and entrepreneurship
NEWS BRIEFS
HUMANITARIAN AID: European Commission mobilises €20 million for vulnerable refugees in Turkey
AGRICULTURE: EU Council adopts text on additional aid for Mayotte
FUNDAMENTAL RIGHTS: Kajsa Ollongren appointed EU special representative for human rights
FUNDAMENTAL RIGHTS: accessibility for people with disabilities - applications now open for Access City Award 2026
EMPLOYMENT: logistics sector - ETUI study highlights new risks linked to subcontracting and algorithmic work management
TAXATION: European Economic and Social Committee recommends conducting competitiveness checks on new legislative initiatives
SPORT: ‘#BeActive 2025’ - new campaign celebrates 10 years of European promotion of physical activity and adapts to challenges of digital world
TOURISM: European Commission launches public consultation to develop a strategy for sustainable tourism in EU
TURKMENISTAN: for EU, respect for human rights remains essential guiding principle for development of bilateral relations
Op-Ed
Op-ed: European Savings and Retail Banks are ready to finance Europe’s transitions; Are the Rules, too? - By Nicolas Namias
Kiosk
Kiosk: No. 131