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Welcome to the online edition of the “European Business Review (EBR)”, where journalists and distinguished guest-writers express their views and opinions on European affairs and Business issues with in-depth articles, analyses and commentaries.
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Formally , this is not possible because the ECB is independent according to its statute. But informally relations between the Commission and the ECB have become increasingly close in recent years. The ECB, whispered by the Commission, is now interfering in climate policy and defence.

The digital euro is coming and that’s bad news

ECB President Christine Lagarde announced that EU legislation must be finalised in October to make sure nothing is standing in the way of the digital euro

So how could a global debate be kick-started? It’s unlikely that governments in Europe or elsewhere will want to initiate anything official, yet might welcome progress towards a revised and strengthened international rule of law.

Trump’s antics open way to an EU-led global rulebook re-think

There’s little international consensus in these times of turmoil, but the one thing everyone seems agreed on is that the post-World War 2 rules-based global order is finished

EU institutions cannot fill that vacuum: While their governance still enjoys a shrinking political majority in the European Parliament, they can be hostage to party politics. Many of the EU’s decisions require implementation in the member states. Imposing measures without national ownership has proven an unsuccessful strategy in the past.

The case for Europe

Europe has the resources and ideas to grow stronger, but domestic challenges hinder their implementation. Achieving Europe’s strategic autonomy requires a radical shift in defense, security, and economic integration

Trade in LNG started before the Russian invasion of Ukraine but has since increased sharply.

Russian LNG imports into the EU increased by almost 20 percent last year

Trade in LNG started before the Russian invasion of Ukraine but has since increased sharply

It suggests that some of the costs of the plan could come from a scheme that takes windfall profits from Russian assets inside the EU and uses them for the benefit of Ukraine.

EU diplomats suggest doubling military aid for Ukraine this year

The European Union should be prepared to go as far as doubling its military aid to Ukraine this year to 40 billion euros

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