BRUSSELS — EU governments should use the €150 billion in loans the Commission wants to borrow on markets to boost the bloc’s defense capacity to buy from European defense firms, Commission President Ursula von der Leyen told lawmakers on Monday. “These loans should finance purchases from European producers to help boost our own defense industry,” […]
Macron’s calls for more military spending without tax increases have sparked fears over future cuts to social programs.
The French president also wants to open a debate on expanding France’s nuclear deterrent.
Paris is looking into whether Russia’s €200 billion can be used to guarantee new loans to Ukraine.
President Emmanuel Macron announced the new target as Europe grapples with the prospect of American disengagement.
Eric Lombard described the negotiations as ‘tough’ on French radio on Tuesday, but said it was important to keep a ‘cool head,’ adding ‘the European Union is the United States’ first market.’
SNEAK PEEK — JD Vance lands in Paris as the U.K. tries to get on message. — Peter Kyle says an AI bill will avoid upsetting voluntary agreement with AI labs. — The U.K.’s own mini-summit kicks off in London. Good morning and happy Tuesday, This is Tom, coming to you from a cold press room in […]
Europe’s richest man praises new president’s business-friendly policies.
PARIS/BRUXELLES — La France fait pression pour retarder l’entrée en vigueur de deux réglementations européennes majeures pour les entreprises. Ces textes leur imposent notamment de fournir des informations sur l’empreinte environnementale de leur activité et leur exposition au risque climatique, et de vérifier que leurs fournisseurs respectent les règles en matière d’environnement et de travail […]
Endorsement in Brussels is major boost to new prime minister after 2025 budget toppled his predecessor.
The fledgling Paris government is “trying their best” to get a budget through parliament after a previous version sunk its predecessor.
The French government has shown openness to revisiting the 2023 law changing the retirement age in exchange for tacit support from the center-left.
Bayrou will lay out how he plans to navigate the same fragmented legislature which brought down his predecessor.
A potential deal with the center left now looks more likely but could involve a significant concession.
But finance ministry officials insist it’s just a time-saving move, not an endorsement of Michel Barnier’s plans.
Certains espèrent que cet ancien conseiller d’un ministre socialiste permettra de trouver des soutiens au Parlement pour faire adopter un budget.
The new minister will certainly have his work cut out for him.
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