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Europe
Meloni asks Brussels for fiscal leeway as energy shock squeezes Italy
Italian prime Minister Giorgia Meloni is urging the European Commission again to relax the EU's fiscal rules, saying that higher inflation due to soaring energy prices is squeezing households and businesses, according to a letter seen by Euronews.
Europe
EU holds crisis meeting as US pressure mounts to release emergency oil
EU countries and the European Commission are holding talks on Friday that could pave the way for a new emergency oil reserves release, as pressure from Washington mounts. Energy Commissioner Dan Jørgensen told Euronews a fresh emergency release is "a possibility".
Europe
Greece urges EU to loosen fiscal rules as energy crisis deepens
High energy prices and military escalation at energy facilities in the Middle East prompted Greek Prime Minister Kyriakos Mitsotakis to ask Brussels for greater fiscal flexibility. Greece has the largest debt among EU countries and is heading to polls in 2027.
European Union
Can Canada be the EU's answer to 'unreliable' trade partners?
Ahead of October's EU-Canada summit, both sides are considering a partnership beyond CETA and €130 billion in annual trade. Nothing is agreed on financial services, and the new "associate member" tier has no legal definition.
Europe
Belgian minister warns Europe: Everything has to go faster on defence
Belgian Defence Minister Theo Francken told the Euronews Defence Summit in Brussels that Europe faces a “dark winter” of Russian hybrid attacks and urgently needs stronger air defences, describing Russia as the biggest threat to Belgium’s security.
Europe
No energy shortages, but a painful winter looms for Europe
Europe needs to protect consumers from another energy price shock while making fossil fuels less central to the economy. Emergency measures can soften the immediate blow, but Brussels is warning governments not to let short-term subsidies or tax decisions undermine the green transition.
Europe Today
Ukraine’s double crunch: funding and grain
Good morning. This is Mared Gwyn in Brussels, penning today’s newsletter with my colleague Angela Skujins. In this edition: our correspondent captures an attempted Russian ‘double-tap’ drone strike in central Kyiv, and the latest on Ukraine’s funding crunch.
Tech News
Europe’s AI demand could set off nuclear energy boom, says JP Morgan
The EU’s goal of ramping up data centre capacity is already driving more investment in nuclear energy projects as the bloc seeks to decarbonise and secure energy security at the same time, says the global investment firm.