Europe is considering creating another defense fund: Britain, Ukraine, and Norway would be eligible to join the initiative. EU finance ministers will discuss the creation of a joint intergovernmental defense fund on April 12, which would provide large-scale defense financing without increasing public debt levels, a growing... #DefenseIndustryEU #EUbudget #EUdefense #EuropeanDefenseFund #EuropeanDefenseMechanism
Southern European countries do not support the EC’s rearmament plan for Europe. Several European countries have resisted the European Commission’s initiative to boost defense spending through low-interest loans, fearing it would exacerbate their already significant debt burden. I... #DefenseIndustryEU #EUbudget #EUdefense #France #Italy #Spain #UrsulavonderLeyen
Europe is exploring options to restore its military power in light of rising Russian rhetoric. According to the EU’s top diplomat, Kaja Kallas, discussions have intensified on how to boost defense spending, with joint financing increasingly becoming part of the conversation. The bloc may ... #DefenseIndustryEU #EUbudget #EUdefense #investments #KajaKallas
The EU defense commissioner wants to increase EU defense spending by 900%. EU defense and space commissioner Andrius Kubilius wants the next seven-year EU budget to include around €100B for defense needs. The current seven-year EU budget, which exceeds €1T, only includes €10... #AndriusKubilius #DefenseSpending #EUbudget #EUdefense #UrsulavonderLeyen
The new European Commissioner for Agriculture names the Ukrainian agricultural sector the elephant in the room regarding its impact on EU agriculture. Christoph Hansen from Luxembourg has become the new European Commissioner for Agriculture and Food. Hansen comes from a family that owns a large farm in Luxembourg. Hansen has been working in the Euro... #agroUkraine #ChristophHansen #EUbudget #EuropeanCommission #EuropeanIntegration
Ukrainian authorities call on the EU to increase aid to Ukraine in the new 2028-2034 EU budget to €400B. The Prime Minister of Ukraine, Denys Shmyhal, made this proposal at a meeting with the President of the European Commission, Ursula von der Leyen. “We expect to launch a financial instrument for... #DenysShmyhal #EUbudget #LoanForUkraine #SupportUkraine #UkraineFacility #UrsulavonderLeyen
Ukraine seeks to have its EU membership be included in the bloc’s budget for 2028-2034. The EU’s long-term budget programs should consider Ukraine’s future membership in the EU, said the Minister of Foreign Affairs of Ukraine, Andrii Sybiha, at the 20th meeting of Yalta Europ... #AndriiSybiha #EUbudget #EUexpansion #EuropeanIntegration #UkraineEU #YesConference
The cost of Ukraine’s accession to the EU provokes discussions within the bloc. The European Union considers its enlargement as a security tool, but the protests from Polish farmers show that the economic dimension is part of the political process in the EU. There were fears that... #AgroEU #EUbudget #EUexpansion #EUfarmers #UkraineEU
Good investment: Ukraine’s accession to the EU will require a 20% increase in the bloc’s budget. EU budget commissioner Johannes Hahn said that in the event of Ukraine’s accession to the EU, the bloc should increase its seven-year budget by €200B (+20%). He explains this expansion by the cu... #EUbudget #EUreforms #EuropeanIntegration #JohannesHahn #UkraineEU
Western aid to Ukraine exceeds the Marshall Plan. The head of the EBRD, Odile Renaud-Basso, in response to criticism, called the support of Ukraine from the West “huge” in terms of the share of support from GDP, and points out that it ove... #ebrd #EUbudget #financialaidforUkraine #OdileRenaudBasso #SupportUkraine #UkraineFacility
The EU is close to approving €50B in financial aid to Ukraine, and the money may arrive in the first quarter. EU ambassadors approved a “partial negotiating mandate” for a proposal to create a single specialized instrument to support Ukraine’s recovery, reconstruction, and modernization whil... #EUbudget #EUfinancialAid #HungaryVeto #UkraineFacility
Hungary put forward a condition for lifting its veto on €50B aid to Ukraine. According to Politico, Hungary has said that it could lift the veto on a €50B aid package from the European Union, provided the funding is reviewed every year. Budapest proposes that the European Coun... #EUbudget #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban
EU budget disputes put Ukraine at risk of never receiving €50B in crucial aid. Disagreements within the EU regarding the budget have put the provision of €50B over four years to Ukraine at risk; this issue should be decided at the summit on December 14-15. According to the FT, E... #EUbudget #EUfinancialAid #financialaidforUkraine #SupportUkraine #UkraineFacility
Slovakia has put forward its conditions for Ukraine to receive €50B from the EU. Slovakia is ready to increase its contribution to the EU budget over the next four years by €400M so that Ukraine receives an aid package of €50B, with certain conditions. Slovak PM Robert Fico said t... #EUbudget #EUfinancialAid #RobertFico #SupportUkraine #UkraineFacility #UkraineRecovery
The European Commission’s proposal to increase the common budget by €100B for 2021-2027 was resisted by EU members. According to the FT, half of the total amount, €17B in grants and €33B in loans, is intended for Ukraine. There is almost unanimous agreement within the bloc on this matter, although some countries ha... #EUbudget #EuropeanCommission #financialaidforUkraine #UkraineBudget
After joining the EU, Ukraine will be entitled to €186B in aid. As the FT writes, this amount could be allocated to Ukraine within seven years. Calculations by the General Secretariat of the Council of Europe, a body representing the governments of the bloc’... #EUbudget #EUexpansion #UkraineEU
The European Parliament approves amendments to the EU budget and supports the allocation of €50B to Ukraine. The European Parliament adopted a resolution in support of the European Commission’s proposals for revising the EU multi-year budget for 2021-2027 and creating a special Ukrainian fund. The reso... #DenysShmyhal #EUbudget #EUparliament #EUprogramForUkraine #financialaidforUkraine
The war in Ukraine has provoked “budget battles” in the EU. The financing of Ukraine accounts for half of the almost €100B that the European Commission is asking to allocate in order to strengthen the EU budget for 2021-2027. The other half will be divided amo... #EUbudget #EUfinancialAid #EUfundforUkraine #EUprogramForUkraine #SupportUkraine
