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Image header Agence Europe
Europe Daily Bulletin No. 13681
Contents Publication in full By article 29 / 40
ECONOMY - FINANCE - BUSINESS / France

‘Bayrou’ government unveils a plan to save almost €44 billion by 2026

On Tuesday 15 July, the French government unveiled the broad outlines of the draft national budget for 2026, which aims to make substantial savings of €43.8 billion.

The government has set as its first rule not to spend any more in 2026 than it did in 2025 (€7 billion in savings hoped for with this ‘blank year’), with the exception of the increase in defence spending (+€3.5 billion) and the cost of public debt (€65 billion in 2025).

Other areas where savings will be made...

Contents

EXTERNAL ACTION
UNITED STATES: aviation, automotive, chemicals - European Commission draws up a second list of tariffs targeting €72 billion worth of US exports
MIDDLE EAST: EU countries expect “more concrete steps” from Israel to improve humanitarian situation in Gaza
IRAN: EU Council sanctions eight people and one entity for their responsibility in assassinations
GEORGIA: EU threatens to suspend its visa waiver regime
MOLDOVA: EU sanctions three entities and seven individuals responsible for destabilisation operations on behalf of Russia
HAITI: EU Council sanctions three new individuals implicated in violence by armed groups
CENTRAL AMERICA: Europeans and Central Americans strengthen political and economic ties
DEVELOPMENT: a European Parliament study highlights limits of traceability for critical raw materials in Africa
Russian invasion of Ukraine
UKRAINE: Europeans welcome Donald Trump’s decision on weapons and possible sanctions against Russia
ENERGY: Robert Fico says European Commission’s guarantees are not sufficient to address concerns about REPowerEU
MIGRATION: EU Council formally approves extension of temporary protection for Ukrainian refugees until 4 March 2027
MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
BUDGET: European Commission wants to transform Multiannual Financial Framework into an instrument for implementing its political priorities
BUDGET: CAP, competitiveness, security and defence and humanitarian aid... Ireland takes position on post-2027 Multiannual Financial Framework
INSTITUTIONAL
BETTER REGULATION: European Ombudsman asks European Commission for clarification on drafting of first ‘omnibus’ text
TRIBUTE: tireless advocate for Europe Paul Collowald has died
SECTORAL POLICIES
AGRICULTURE: MEPs strengthen protection for farmers against unfair trading practices
AGRICULTURE: European Commission opens door to “targeted” amendment of pesticides regulation
AGRICULTURE: Danish minister Jacob Jensen aiming for agreement on new genomic techniques by end of 2025
AGRICULTURE: Farm Europe urges Ursula von der Leyen not to dismantle CAP
FISHERIES: EU and Iceland strengthen their cooperation on sustainable fisheries
ENERGY: abandoning Russian gas - European Parliament’s co-rapporteurs call for deadline proposed by European Commission to be brought forward by one year
CLIMATE: MEPs call European Commission to account over inclusion of international carbon credits in 2040 target
RESEARCH: critical technologies and Multiannual Financial Framework on agenda of European ministers
TRANSPORT: businesses, cities and civil society organisations call on European Commission to take action to decarbonise company vehicles
DIGITAL: Danish Presidency of EU Council determined to regulate minors’ access to online platforms
HOME AFFAIRS: Danish Presidency of EU Council has told European Parliament it has decided to encourage “innovative solutions” to reduce arrivals to EU
ECONOMY - FINANCE - BUSINESS
TAXATION: MEPs in favour of simplified tax architecture
BANKS: Dominique Laboureix advocates rapid implementation of European Parliament/EU Council agreement on ‘CMDI’ bank crisis management package
FRANCE: ‘Bayrou’ government unveils a plan to save almost €44 billion by 2026
SOCIAL AFFAIRS
SOCIAL/EMPLOYMENT: algorithmic management at work - European Parliament’s Committee on Employment and Social Affairs broadly supports call for draft directive
COURT OF JUSTICE OF THE EU
BANKS: EU Court of Justice refers a case concerning ECB’s takeover of Banca Carige to General Court
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
Interview WOMEN’S RIGHTS: “If the Commission wants to act, the moment is right”, says Evin Incir regarding European consent-based definition of rape
WOMEN’S RIGHTS: Social Democrat MEPs Evin Incir and Joanna Scheuring-Wielgus relaunch discussions on European definition of rape
NEWS BRIEFS
FOREIGN AFFAIRS: EU Council extends mandates of Special Representatives Johan Borgstam and Magdalena Grono
MEDIA: new project by European Digital Media Observatory to support fight against disinformation in Ukraine and Moldova
ACCOUNTING STANDARDS: MEPs approve reappointment of Wolf Klinz as Chairman of EFRAG’s Financial Reporting Board
DIGITAL: European Commission validates transfer of data with European Patent Organisation
DIGITAL: EU Council approves agreement to include Ukraine in its data roaming zone
RUSSIA: EU sanctions five Russian judges responsible for Alexei Gorinov’s convictions
FOOD SAFETY: European Commission welcomes progress towards pesticide reduction targets