European Union

European economy, In Europe 18th August 2025

Industrial production rises in June in both Eurozone and EU (0.2% and 0.5% respectively)

CdM | Industrial production in the Eurozone rose by 0.2% in June 2025, while in the European Union (EU) the increase was 0.5% compared to the same month last year. According to data from Eurostat, the EU’s statistical office, industrial production fell by 1.3% month-on-month in the eurozone countries, while the decline compared to May was 1% in the EU-27. In May 2025, industrial production had grown by 1.1% in…

European politics, In Europe 20th July 2025

EU proposes strengthening bloc’s independence with €2-trillion budget for 2028-2034

Norbolsa | The European Commission announced on Thursday a budget proposal of €2 trillion for the period 2028-2034, which seeks to strengthen economic competitiveness, double investment in innovation and increase defence spending fivefold. Von der Leyen defines it as a budget to finance the new era, in line with European ambition, which faces challenges and strengthens the bloc’s independence. Most of the funds come from member state contributions, but the…

World economy 1st July 2025

Europe fears Spain’s stance on defence spending could be stumbling block in trade talks with US

Norbolsa | Spain’s lack of commitment to increasing defence spending as agreed with NATO opens up another rift in EU-US relations. Trump threatens to double tariffs on Spain for failing to meet its defence commitments. With trade agreements in place, it seems unlikely that tariffs could be imposed on a member state, but there is a risk that they could impact the country’s most sensitive goods, including oil, wine and…

In Europe 3rd June 2025

Brussels reportedly considering slapping extraordinary tax on arms giants

Intermoney | The German media Spiegel published a report on Monday in which they mentioned that Brussels is considering imposing some kind of measure on arms giants to prevent billions of euros of public money being invested from ending up directly in the pockets of shareholders. These measures could range from taxes on extraordinary profits to partial nationalisations of the companies or stricter contracts with fixed prices. The German company…

European economy 27th May 2025

EUR/USD continues to signal investor concern over US debt but no reallocation expected

Alphavalue/DIVACONS | EUR/USD continues to signal investor concern over US debt, but no widespread reallocation of European assets is expected. Considering Donald Trump’s tariff threat against the EU, it would not make sense. The EU would be hit hard if tariffs of 50% were imposed.

European economy 8th May 2025

Retail sales fall 0.1% in both Eurozone and European Union in March

CdM | Retail sales fell by 0.1% in March in both the Eurozone and the European Union (EU) as a whole compared to the previous month, according to data published by Eurostat, the EU statistics office. In year-on-year terms, the volume rose by 1.5% in the Eurozone and 1.4% in the EU. In detail, compared to the previous month, the volume of retail trade in the eurozone fell by 0.1%…

European economy 16th April 2025

EU plans to revive US gas purchases, looking for ways to aggregate demand

Link Securities | The European Union (EU) plans to revive its bid to buy more US gas, betting that US President Donald Trump is more open to negotiate after temporarily suspending the tariffs from taking effect, POLITICO reported on Monday. The bloc plans to resume talks on increased purchases of US liquefied natural gas (LNG) and will offer specific proposals to address Trump’s position on transatlantic trade, three European officials…

In the World 7th April 2025

UK suggests to EU establishment of institution with fund to finance defence projects

BancaMarch | United Kingdom proposes to the European Union the creation of a supranational institution including a joint fund to finance defence projects. The document is an informal proposal drafted by the British Treasury. Next week, EU finance ministers and their counterparts from the UK and Norway will meet to discuss the financing of defence spending. In the British proposal, the purchased equipment would be recorded on the balance sheet…

In Europe 19th February 2025

EU keeps up pressure on Russia: still on “blacklist” of tax havens, France announces new sanctions against Russian oil

Banca March | The European Union is keeping up the pressure on Russia. On the one hand, France yesterday announced new sanctions against Russian oil for the invasion of Ukraine, without Washington’s backing and despite the apparently limited effect of similar measures introduced by Western countries. The French Foreign Minister, Jean-Noël Barrot, pointed out that Russia earns €100 billion a year from oil sales, while the total cost of the…

In the World 31st October 2024

EU confirms tariffs of up to 45% on electric vehicle imports from China

Bankinter | The EU confirms the imposition of tariffs of up to 45% on imports of electric vehicles from China. The proposal was approved at the beginning of October with the favourable vote of 10 members (France and Italy, among them), the opposition of 5 (Germany being the most notable) and the abstention of 12 (Spain, for example). This decision allows the European Commission to implement the tariffs for a…

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