Tag #European Union

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elmundo.es

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Jul 18, 13:13

EU Imposes 18th Sanctions Package on Russia After Slovakia Lifts Veto

The EU approved its 18th sanctions package against Russia, including a dynamic oil price cap (\$45-50/barrel), Nord Stream pipeline ban, sanctions on 20 banks, and measures against shadow fleets, after a two-month delay caused by Slovakia's veto, which was lifted on Friday.

EU Imposes 18th Sanctions Package on Russia After Slovakia Lifts Veto

The EU approved its 18th sanctions package against Russia, including a dynamic oil price cap (\$45-50/barrel), Nord Stream pipeline ban, sanctions on 20 banks, and measures against shadow fleets, after a two-month delay caused by Slovakia's veto, which was lifted on Friday.

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Peace, Justice, and Strong Institutions

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What are the key components of the EU's 18th sanctions package against Russia, and what is their immediate impact on Russia's economy and war effort?

The European Union finally approved its 18th sanctions package against Russia after a two-month delay caused by Slovakia's veto. The package includes a dynamic price cap on Russian oil imports, initially set between \$45 and \$50 per barrel, \$15 below market price; a ban on Nord Stream pipelines; sanctions on 20 more Russian banks; and increased control over shadow fleets used to circumvent sanctions.

politico.eu

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Jul 18, 07:14

EU's Proposed Business Tax Faces Strong Opposition

The European Commission's proposed tax on businesses with over €100 million in revenue, expected to raise €6.8 billion annually, faces strong opposition from member states and the European Parliament due to its potential negative impact on competitiveness and lack of legal basis within the EU.

EU's Proposed Business Tax Faces Strong Opposition

The European Commission's proposed tax on businesses with over €100 million in revenue, expected to raise €6.8 billion annually, faces strong opposition from member states and the European Parliament due to its potential negative impact on competitiveness and lack of legal basis within the EU.

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Decent Work and Economic Growth

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How does the proposed tax's structure and intended purpose conflict with stated EU goals regarding business competitiveness and economic growth?

The proposed tax, while intended to fund EU initiatives, clashes with efforts to boost European competitiveness. Opposition stems from concerns about its impact on mid-sized firms, particularly in already struggling economies like Germany's. The flat fee structure, regardless of profitability, is viewed as unfair and counterproductive to economic growth.

welt.de

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Jul 18, 07:14

German Steel Production Plunges 12% Amidst Economic Crisis

Germany's steel production fell nearly 12 percent in the first half of 2025 to 17.1 tons due to foreign competition and weak domestic demand, mirroring 2009 crisis levels; Thyssenkrupp is cutting 11,000 jobs.

German Steel Production Plunges 12% Amidst Economic Crisis

Germany's steel production fell nearly 12 percent in the first half of 2025 to 17.1 tons due to foreign competition and weak domestic demand, mirroring 2009 crisis levels; Thyssenkrupp is cutting 11,000 jobs.

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How do high energy prices and weak domestic demand contribute to the crisis in Germany's steel sector?

The drastic drop in German steel production underscores the challenges facing the country's industrial sector. High energy prices, particularly electricity costs, severely hinder competitiveness. The situation mirrors the 2009 financial crisis, highlighting the impact of both foreign competition and weak domestic demand.

fr.euronews.com

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Jul 18, 04:12

EU Budget Conditions Funding on Democratic Values, Threatening Hungary's Access

The European Commission's proposed 2028-2034 budget conditions EU funding for member states, including Hungary, on upholding democratic values, potentially resulting in the loss of billions of euros in funding for Hungary due to rule of law concerns and corruption allegations.

EU Budget Conditions Funding on Democratic Values, Threatening Hungary's Access

The European Commission's proposed 2028-2034 budget conditions EU funding for member states, including Hungary, on upholding democratic values, potentially resulting in the loss of billions of euros in funding for Hungary due to rule of law concerns and corruption allegations.

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Peace, Justice, and Strong Institutions

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How does this proposal aim to address existing concerns about Hungary's rule of law and potential misuse of EU funds?

The proposal introduces a 'smart conditionality' linking EU funding to compliance with the EU Charter of Fundamental Rights and Article 2 of the Treaty on European Union, emphasizing values like democracy, equality, and the rule of law. Hungary, already facing frozen funds, could lose further access to EU funding under this new budget proposal, impacting its agricultural and cohesion policies. This action is a direct response to concerns about Hungary's democratic backsliding and corruption.

euronews.com

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Jul 18, 13:13

French Air Traffic Control Strikes Cost Aviation Industry €120 Million

French air traffic controllers' strikes on July 3-4 caused over 2,900 flight cancellations and 7,400 delays, impacting over 1 million passengers and costing the industry €120 million due to understaffing, outdated equipment, and management issues; EasyJet alone lost €17.3 million.

French Air Traffic Control Strikes Cost Aviation Industry €120 Million

French air traffic controllers' strikes on July 3-4 caused over 2,900 flight cancellations and 7,400 delays, impacting over 1 million passengers and costing the industry €120 million due to understaffing, outdated equipment, and management issues; EasyJet alone lost €17.3 million.

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What were the underlying causes of the French air traffic controllers' strike action?

The strikes, driven by two of France's largest air traffic control unions, stemmed from grievances related to understaffing, outdated equipment, and a perceived toxic management culture. The walkout significantly impacted flights across Europe, particularly those routed over French airspace, highlighting the vulnerability of the European air traffic system to such disruptions. The high cost of the disruption emphasizes the economic impact of these labor disputes.

corriere.it

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Jul 18, 04:12

France's Political and Economic Crisis

France is experiencing a deep political and economic crisis following inconclusive legislative elections, resulting in the rise of Marine Le Pen's party as the largest bloc in the National Assembly, despite its inability to form a government. This instability is compounded by a high national debt an...

France's Political and Economic Crisis

France is experiencing a deep political and economic crisis following inconclusive legislative elections, resulting in the rise of Marine Le Pen's party as the largest bloc in the National Assembly, despite its inability to form a government. This instability is compounded by a high national debt an...

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How did the 2022 legislative election results contribute to the current political instability in France?

The current crisis stems from President Macron's inability to form a governing coalition reflecting election results, leaving France politically fractured. Le Pen's party's rise, while unable to form a government, poses a significant threat to stability and the EU, given France's unique geopolitical role. This instability is compounded by a high national debt, exceeding Italy's, and a deficit more than double the Maastricht Treaty limit.

es.euronews.com

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Jul 18, 22:16

EU's €2 Trillion Budget: Concerns over Spanish Agricultural Funding and Fiscal Risks

The European Commission's record €2 trillion budget merges agricultural subsidies and regional development funds, sparking concerns in Spain about bureaucratic inefficiency and potential misallocation of resources, particularly impacting farmers and raising questions about fiscal responsibility and ...

EU's €2 Trillion Budget: Concerns over Spanish Agricultural Funding and Fiscal Risks

The European Commission's record €2 trillion budget merges agricultural subsidies and regional development funds, sparking concerns in Spain about bureaucratic inefficiency and potential misallocation of resources, particularly impacting farmers and raising questions about fiscal responsibility and ...

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Reduced Inequality

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What are the immediate impacts of the proposed €2 trillion EU budget on Spanish agriculture and administration?

The European Commission proposed a €2 trillion budget, significantly altering EU agricultural funding (2021-2027). A new €865 billion megafund merges agricultural subsidies and regional development funds, causing concern among Spanish farmers. This fund includes a €300 billion allocation for the Common Agricultural Policy (CAP), mainly supporting farmer incomes, expanding beyond direct payments to encompass co-funded programs.

pt.euronews.com

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Jul 18, 13:13

French Air Traffic Control Strikes Cause Widespread European Flight Disruptions

French air traffic controllers' strikes on July 3rd and 4th caused nearly 3,000 flight cancellations and over 7,400 delays, affecting over one million passengers and costing the aviation industry an estimated €120 million, with EasyJet alone losing £15 million.

French Air Traffic Control Strikes Cause Widespread European Flight Disruptions

French air traffic controllers' strikes on July 3rd and 4th caused nearly 3,000 flight cancellations and over 7,400 delays, affecting over one million passengers and costing the aviation industry an estimated €120 million, with EasyJet alone losing £15 million.

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Decent Work and Economic Growth

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What were the immediate consequences of the French air traffic controllers' strike on European air travel?

French air traffic controllers' strikes in early July caused the cancellation of almost 3,000 flights and over 7,400 delays, impacting over one million passengers. EasyJet alone reported £15 million in losses due to 660 flight cancellations. This disruption significantly decreased on-time flight percentages across Europe.

es.euronews.com

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Jul 18, 22:16

EU Budget Restructure Risks Funding Competition, Jeopardizing Regional Cohesion

The EU's proposed €2 trillion budget for 2028-2034 merges cohesion funds with agriculture, migration, and border control into a mega-fund, sparking concerns about reduced local control and increased competition for funding among regions, potentially jeopardizing decades of progress in reducing regio...

EU Budget Restructure Risks Funding Competition, Jeopardizing Regional Cohesion

The EU's proposed €2 trillion budget for 2028-2034 merges cohesion funds with agriculture, migration, and border control into a mega-fund, sparking concerns about reduced local control and increased competition for funding among regions, potentially jeopardizing decades of progress in reducing regio...

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Reduced Inequality

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How will the EU's proposed budget restructure of cohesion policy impact regional development and funding distribution across its member states?

The EU's proposed budget for 2028-2034 risks turning its cohesion policy into a funding competition by merging it with other large spending areas. This merger, creating a single mega-fund, raises concerns about reduced local control and insufficient support for disadvantaged regions. The current system has demonstrably reduced regional disparities for decades.

hu.euronews.com

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Jul 18, 04:12

EU Allocates €42.6 Billion to Enlargement and Migration Management in New Budget

The European Union unveiled a €2 trillion budget (2028-2034) significantly increasing funding for enlargement and neighborhood policies (€42.6 billion, a 37% rise) to accelerate reforms in candidate countries, support Ukraine's reconstruction (€100 billion), and manage migration in the Mediterranean...

EU Allocates €42.6 Billion to Enlargement and Migration Management in New Budget

The European Union unveiled a €2 trillion budget (2028-2034) significantly increasing funding for enlargement and neighborhood policies (€42.6 billion, a 37% rise) to accelerate reforms in candidate countries, support Ukraine's reconstruction (€100 billion), and manage migration in the Mediterranean...

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What are the potential long-term economic and geopolitical implications of the EU's increased commitment to enlargement and managing migration flows?

The EU's substantial investment in enlargement and migration management reveals a strategic shift toward proactive engagement in its geopolitical sphere. This long-term commitment aims not only to address immediate challenges but also to shape future regional stability, economic growth, and migration patterns, thereby securing the EU's long-term interests and competitiveness. The emphasis on legal migration pathways indicates a move beyond reactive crisis management.

politico.eu

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Jul 18, 07:14

Bayrou's Budget Bombshell Exposes Europe's Looming Fiscal Crisis

French Prime Minister François Bayrou's budget, unveiled Tuesday, proposes austerity measures to tackle France's rising debt and deficits, reflecting wider European fiscal challenges driven by an aging population and increased defense spending, facing political opposition and highlighting the risk o...

Bayrou's Budget Bombshell Exposes Europe's Looming Fiscal Crisis

French Prime Minister François Bayrou's budget, unveiled Tuesday, proposes austerity measures to tackle France's rising debt and deficits, reflecting wider European fiscal challenges driven by an aging population and increased defense spending, facing political opposition and highlighting the risk o...

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How do demographic trends and increased defense spending contribute to the fiscal challenges faced by European nations?

The fiscal crisis in France reflects a broader European trend of increasing debt and demographic pressures. The International Monetary Fund projects a widening budget deficit for the eurozone, reaching 3.3 percent of GDP by the end of the decade. This is driven by factors such as rising pension costs and the need for increased defense spending, as highlighted by the OECD's projections and the NATO commitment.

hu.euronews.com

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Jul 18, 04:12

EU's €2 Trillion Budget: Restructured Agricultural Funding Sparks Controversy

The European Commission unveiled a €2 trillion budget, merging agricultural and regional funds into an €865 billion mega-fund, allocating €300 billion to the CAP, despite concerns about a real-term decrease in agricultural funding and farmer protests.

EU's €2 Trillion Budget: Restructured Agricultural Funding Sparks Controversy

The European Commission unveiled a €2 trillion budget, merging agricultural and regional funds into an €865 billion mega-fund, allocating €300 billion to the CAP, despite concerns about a real-term decrease in agricultural funding and farmer protests.

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Zero Hunger

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How does the proposed €2 trillion EU budget impact agricultural funding, specifically the CAP, compared to previous allocations?

The European Commission proposed a €2 trillion budget, significantly altering EU agricultural funding. A new €865 billion mega-fund combines agricultural and regional development funds, allocating €300 billion to the Common Agricultural Policy (CAP), primarily for farmer income support. This includes previously separate rural development initiatives, resulting in their phasing out.

Showing 529 to 540 of 4,969 results