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Image header Agence Europe
Europe Daily Bulletin No. 13679
Contents Publication in full By article 21 / 35
ECONOMY - FINANCE - BUSINESS / Economy

Increase in military spending – asymmetry in treatment of EU countries under Stability Pact will be clarified

On Thursday 10 July, the European Commission indicated that discussions were underway with the Member States on the issue of asymmetry in treatment, under the Stability and Growth Pact, between countries subject to an excessive deficit procedure (EDP) and those without an excessive public deficit (less than 3% of national GDP) in the event of activation of the national derogation clause allowing an increase in military spending (see EUROPE B13672A24).

“We’re not looking at changing the...

Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
BUDGET: European Commission is preparing to introduce more flexibility into EU’s next long-term budget
BUDGET: European Commission wants to create a single portal to improve access to EU budget funds
SECTORAL POLICIES
CLIMATE: Member States launch “constructive” discussion while European Commission defends “robust” path to 2040 for post-2030 targets
ENVIRONMENT: EU Member States reaffirm their shared ambition to resume negotiations on ‘Plastics Treaty’ in Geneva in August
HOME AFFAIRS: child sexual abuse material online – Danish Presidency of EU Council attempts to break deadlock on draft regulation
MIGRATION: France and UK launch a pilot project to counter rise in Channel crossings - southern EU countries are concerned
DIGITAL: following publication of code of practice on AI models, sector’s major players are holding off responding—and signing
DIGITAL: European data protection regulators are cautious about targeted reopening of GDPR
AGRICULTURE: MEPs call for an EU approach to livestock farming by sector
AGRICULTURE: EU cereals production up by 6.9% in 2025, according to Copa-Cogeca
ENERGY: Eurelectric wants future European Climate Adaptation Plan to focus on critical infrastructure
TRANSPORT: T&E recommends increasing Connecting Europe Facility rail budget to modernise cross-border corridors
EXTERNAL ACTION
MIDDLE EAST: revision of Association Agreement with Israel – EU High Representative suggests ten possible measures
ASEAN: Kaja Kallas believes that “free trade is driving force behind our economies”
BOSNIA AND HERZEGOVINA: Ursula von der Leyen and António Costa commemorate victims of Srebrenica genocide
TRADE: on 14 July, EU27 will review renewed tensions with Washington and outlook of EU/Mercosur agreement
Russian invasion of Ukraine
DEFENCE: EU and Ukraine launch BraveTech EU initiative to accelerate defence innovation
CULTURE: ‘Team Europe’ – European Union launches first initiative to protect Ukraine’s cultural heritage
ECONOMY - FINANCE - BUSINESS
COMPANIES: European Commission proposes to postpone sustainability reporting obligations by one year
COMPETITION: European Commission consults on review of EU antitrust rules
ECONOMY: increase in military spending – asymmetry in treatment of EU countries under Stability Pact will be clarified
FINANCE: ESMA identifies where Maltese regulator failed in issuing authorisation allowing cryptocurrency firms to operate in EU
COUNCIL OF EUROPE
JUSTICE: Council of Europe’s Committee for the Prevention of Torture remains concerned about state of detention centres for migrants in Malta
JUSTICE: Council of Europe takes stock of situation of children in Ukraine, three and a half years after start of war
NEWS BRIEFS
AGRICULTURE: EU farmers to demonstrate on 16 July in defence of 2028–2034 CAP budget
CENTRAL AMERICA: Association Council between EU and six Central American countries will hold its first meeting on 14 July
LATIN AMERICA: EU to observe upcoming elections in Guyana and Bolivia
CENTRAL ASIA: first dialogue between EU and five Central Asian countries on fight against terrorism
ENERGY: significant upturn in commercial activity linked to geothermal energy projects expected across Europe in 2025, according to EGEC
ACCOUNTING STANDARDS: European Union approves annual improvements to IFRS Accounting Standards
UN: EU “deeply” regrets US sanctions against Francesca Albanese
CSDP: Ralf Schröder appointed head of EUAM Iraq mission
RESEARCH: European Commission seeks views on future ‘European Innovation Act’
SOCIAL: number of people in EU unable to go on holiday in summer rose again in 2023
Op-Ed
BETTER REGULATION: Ctrl+Alt+Delete as policy: why deregulation won’t save EU innovation - by Aída Ponce Del Castillo