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Data released on Monday showed the 20-nation currency bloc dodged a recession at the end of last year by posting weak-but-positive growth of 0.1%, while inflation has been easing – even if it remains at a high 8.5%.

Lagarde confirms ECB will raise rates again in March

By: EBR | Thursday, February 16, 2023

European Central Bank chief Christine Lagarde reiterated that the institution plans to raise its interest rates by a half percentage point even as the eurozone’s economic outlook improves

Sturgeon became leader of the Scottish National Party in the wake of a 2014 independence referendum when Scotland voted 55% to 45% to remain part of the United Kingdom.

Nicola Sturgeon gives up

By: EBR | Thursday, February 16, 2023

Nicola Sturgeon resigned as Scottish first minister, saying her dominance over her party and the country was no longer the asset it once was in the fight for an independent Scotland

Far from breathing new life into the EU, Chancellor Scholz and his colleagues are accused of sucking out its oxygen.

EU leaders yearn for days when Berlin was more ’Europe-minded’

By: EBR | Tuesday, February 14, 2023

Franco-German relations are central to the European Union’s future, yet they are the focus of growing concern

The FDP took a severe hit in Sunday’s Berlin rerun election: With 4.6% of votes according to the preliminary result, the party did not even pass the 5% threshold and will not make it into the regional parliament.

German Liberals could block climate projects after Berlin election fiasco

By: EBR | Tuesday, February 14, 2023

The coalition’s liberal FDP party could block green measures like new power lines and double down on building more highways to raise its profile among voters following its disastrous results in Sunday’s Berlin regional elections

Few countries are more dependent on Russian gas than Austria. When the Kremlin attacked Ukraine, 80% of gas flows into the Austrian gas market were supplied by Gazprom, owing to a rich history of gas deals with Russia.

Austria hesitant to halt comeback of cheap Russian gas

By: EBR | Monday, February 13, 2023

Stopping the comeback of cheap Russian gas to Austria by adopting measures is something the government is hesitant about, citing concerns of expropriating government-owned assets

After the Economy Commissioner Paolo Gentiloni’s visit to Berlin last week, Habeck promised to “engage constructively” in the debate at the EU level, adding that “the important thing here is not to look first at what doesn’t work, but how we can organise a strong common response.”

Solidarity and joint borrowing scrapped from EU leaders summit statement

By: EBR | Thursday, February 9, 2023

As the focus of EU leaders’ attention shifts away from the economic debate towards migration, a statement on economic “solidarity” within the EU was removed from the draft joint statement ahead of summit in Brussels

The data show that if exports to Ukraine are stopped, the Lukoil refinery will continue to operate only for the Bulgarian market, which is too small for its production capacity.

Bulgaria to continue exporting fuels from Russian oil to Ukraine

By: EBR | Wednesday, February 8, 2023

The export of petroleum products from Russian oil to Ukraine will continue after 5 February, when the government derogation was due to expire, the Bulgarian government said in a statement on Wednesda

For the European Union to transition out of fossil fuels, materials like cobalt, lithium, and rare earths are crucial to developing key technologies such as wind turbines, solar panels and batteries, but very few are sourced in Europe.

Dutch present priority areas for EU critical raw material strategy

By: EBR | Wednesday, February 8, 2023

Ahead of a Commission proposal due in March, the Dutch laid out five priority areas for a “coherent” EU critical raw material strategy to ensure the transition to a green economy and decrease dependence on China

“We urge the Commission to propose an amendment for the RED3 draft, in order to align hydrogen and fuels targets in transport and industry with such a technologically neutral approach,” the nine countries write in the letter.

Nine EU countries want low-carbon hydrogen included in bloc’s renewables goals

By: EBR | Wednesday, February 8, 2023

Nine EU member states, including France, have called on the European Commission to include low-carbon hydrogen – produced from nuclear electricity – in the EU’s renewable hydrogen targets

European Commission President Ursula von der Leyen said last week the EU would prepare a law to make life easier for its green industry and back it up with state aid and a European Sovereignty Fund, as well as a more immediate funding “bridging solution”, to keep businesses from moving to the United States.

Seven EU countries oppose new EU funding as response to US green subsidies

By: EBR | Monday, January 30, 2023

Plans by the European Commission to create new European Union funding for green industries are facing mounting opposition in the 27-nation bloc, as seven EU countries openly rejected the idea

French President Emmanuel Macron set a target of 5% unemployment by the end of his term in 2027.

French unemployment levels reach 11-year low

By: EBR | Thursday, January 26, 2023

The number of job-seekers in France dropped by 3.6% in the last quarter of 2022 to 3.05 million, the lowest figure since 2011

Thoughts of a German Alleingang (going alone) understandably trigger fears all over Europe.

German economic policy at a crossroads

By: EBR | Thursday, January 26, 2023

German economic thinking has gone through a shift. Once a fierce advocate of restraint regarding subsidies and industrial policy, Berlin is looking at how to adapt to new market realities following the US Inflation Reduction Act

As part of its intention to reduce immigration to Sweden, the government, supported by the far-right Sweden Democrats (SD), stated that the country needed to invest more in information efforts abroad.

Sweden launches global campaign against migration

By: EBR | Wednesday, January 25, 2023

Sweden, which currently holds the rotating EU Presidency, will launch an awareness campaign to discourage migrants from coming to the country, Migration Minister Maria Malmer Stenergard and far-right Sweden Democrat leader in parliament Henrik Vinge said

The EU’s own marine environment is in a dismal state, with 99% of European waters unprotected from “high impact activities”, like bottom trawling or mining.

EU failure to protect oceans exposed in projections on Commission building

By: EBR | Tuesday, January 24, 2023

Vast projections of ocean life lit up the European Commission building Berlaymont in  Brussels

Serbia remains the only country in the Western Balkans that has failed to align its foreign policy with the bloc in the case of Russia. It has refused to enforce sanctions and has instead strengthened ties in several areas.

Vucic: France, Germany use investments to pressure Serbia’s EU path

By: EBR | Tuesday, January 24, 2023

Serbian President Aleksander Vucic said during a speech on Monday evening that there is no progress for Serbia on its EU path

“To charge different interest rates for different banks there would of course be a radical change, a fundamentally different system than now,” he said, adding that this would carry “considerable risks”.

ECB rate hikes could derail climate investments, MEP warns

By: EBR | Monday, January 23, 2023

The European Central Bank’s (ECB) decision to increase interest rates to fight inflation could impede investments in green energy, EU lawmaker Rasmus Andresen warned, calling on the bank to differentiate its interest rates

“The worst way to burn biomass is to do it in an open fire,” said Jan Rosenow, director of European programmes at the Regulatory Assistance Project (RAP), a think-tank specialised in clean energy.

Exposed: How EU countries use firewood to bloat their renewable energy stats

By: EBR | Monday, January 23, 2023

The International Energy Agency (IEA) has acknowledged “weaknesses” in how biomass energy is counted in national statistics after several EU countries reported a sudden increase in residential wood burning to meet their 2020 renewable energy goal

Firefighters, bakers, museum workers, teachers, train and metro drivers, but also high-school students and regular citizens stopped work on Thursday in protest of a reform they deem unjust and untimely as the cost-of-living crisis hits an all-time high.

Pensions reform: We’re not going without a fight, the streets tell Macron

By: EBR | Friday, January 20, 2023

Some 1.12 million people, according to official statistics, took to the streets of France on Thursday to express anger at President Emmanuel Macron’s pensions reform, while unions claim the number was over two million

According to Timmernans, there is an “increasing understanding” in EU capitals that a higher renewables target is required to strengthen the EU’s energy security in the face of falling Russian gas exports to Europe.

45% renewables target ‘is ambitious but feasible’, says EU climate chief

By: EBR | Tuesday, January 17, 2023

The European Commission defended its proposal to source 45% of the EU’s energy from renewable sources by 2030 as EU countries look to lower ambition

Germany is particularly keen on relaxing state aid rules that currently ensure fair competition between EU member states within the bloc. The state aid framework “urgently needs to be reformed and brought up to date” to match the US initiative, reads a strategy paper of the governing SPD from last week.

Germany under fire for push to revamp EU-subsidy rules

By: EBR | Tuesday, January 17, 2023

The German push to allow EU countries to subsidise their industries more extensively has been met with opposition from experts and member states, who fear that the move could give Germany a competitive advantage

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