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EU sticks to 90% emissions cut, aims to be clean tech ‘world leader’
The new European Commission promised a transformational Clean Industrial Deal within its first hundred days, but a leaked draft of the eagerly awaited policy agenda is largely a patchwork of previously announced initiatives.
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Europe News
Commission to activate fiscal escape clause to boost defence spending
The EU Commission will propose to activate the escape clause for defence investments, Ursula von der Leyen announced in Munich. "This will allow Member states to substantially increase their defence expenditure," she said.
Europe News
Austrian trade and industry bodies call for Green Deal reversal
Chief of Federation of Austrian Industries, Christoph Neumayer and Chamber of Commerce chief Wolfgang Hattmannsdorfer, called on the EU executive to roll back Green Deal regulations in its ongoing war on red tape, while the European insurance industry lobby has also weighed into the debate.
Europe News
EU leaders avoid controversy as they discuss defence spending options
The Commission estimates that the EU needs to invest €500 billion in the sector over the coming decade so that it can continue to support Ukraine but also ensure it is in a position to defend itself following decades of under-investments.
Europe News
Unions and NGOs fearful of EU Commission's new pro-business plan
Civil society groups and unions are nervous about the political turn taken by the European Commission under Ursula von der Leyen’s second presidency, and warn its new Competitiveness Compass could steer it away from green deal aspirations and workers’ rights.