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Image header Agence Europe
Europe Daily Bulletin No. 13851
Contents Publication in full By article 5 / 24
WAR IN MIDDLE EAST / Economy

‘Group of Seven’ calls for coordination to stabilise world economy in event of a prolongation of conflict in Middle East

On Thursday 16 April, the Economic and Financial Affairs Ministers of the Group of Seven (G7) countries agreed on the urgent need to “limit the cost to the world economy of a prolongation of the conflict” in the Middle East involving Iran, the United States, and Israel (see EUROPE B13850A11).

“More than ever, coordination among G7 members remains key to addressing the economic and energy impacts of the crisis. G7 members are particularly vigilant about the direct and indirect effects...

Contents

EXTERNAL ACTION
MEDITERRANEAN: EU presents its first 21 concrete actions to implement Pact for Mediterranean
MOROCCO: Kaja Kallas and Nasser Bourita stress importance of EU-Morocco partnership
SUDAN: Quintet welcomes call by Sudanese civil society for de-escalation
WAR IN MIDDLE EAST
LEBANON: Europeans welcome announcement of ceasefire between Israel and Lebanon
ECONOMY: ‘Group of Seven’ calls for coordination to stabilise world economy in event of a prolongation of conflict in Middle East
SECTORAL POLICIES
INTERNAL MARKET: ahead of Cyprus informal summit, European Commission sends draft ‘roadmap’ for boosting competitiveness to EU27
COMPETITIVENESS: EU27 authorise European Commission to sign Memorandum of Understanding with United States regarding Strategic Partnership on Critical Minerals
COMPETITIVENESS: ‘Pax Silica’—no new date for green light from EU27 although European Commission and Washington want to formalise their alliance in mid-May
ENERGY: ‘Networks’ - compatibility with Water Directive, defence prerogatives, longer deadlines, Cyprus continues work on granting permits
DIGITAL: EU27 define their ‘red lines’ for negotiations with European Parliament on revision of AI Act
DIGITAL: EU strengthens its digital sovereignty in cloud domain by choosing exclusively European suppliers
TRANSPORT: initial meeting of Conciliation Committee to take place on 20 April over air passenger rights in EU
SEA: EU and Iceland strengthen their cooperation on oceans
AGRICULTURE/ENVIRONMENT: EU trade associations call for simplification of text on combating deforestation
INSTITUTIONAL
BUDGET: MFF 2028-2034 - European Parliament study analyses evolution by Member State of envelopes allocated for financing of national and regional plans
ECONOMY - FINANCE - BUSINESS
ECB: retailers welcome position of Social Democrats in European Parliament on digital euro transaction fees
COURT OF JUSTICE OF THE EU
JUSTICE: Court of Justice confirms that EU General Court does not have jurisdiction to review legality of procedural acts taken by European Public Prosecutor’s Office
CLIMATE/TAXATION: carbon market - national taxation cannot neutralise free allowances, according to CJEU
NEWS BRIEFS
AFRICA: EIB Group, European Commission and IFC mobilise €75 million for creation of first integrated vaccine manufacturing site
DEFENCE: EU and Japan wish to strengthen cooperation between their defence sectors
ECONOMY: euro area inflation confirmed at 2.6% in March 2026
DIGITAL: European Union and South Korea strengthen their trade and technology cooperation
HEALTH: European Medicines Agency (EMA) to launch pilot programme for medical devices
TRANSPORT: European Commission rules out any risk of systemic shortage of kerosene at present