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France’s fiscal woes cast a long shadow over Macron’s EU ambitions

France’s fiscal woes cast a long shadow over Macron’s EU ambitions

PARIS  — French President Emmanuel Macron's lofty European leadership ambitions are once again getting a reality check. The French government is scrambling to make savings and reassure financial markets after official figures this week showed that public...

6 months ago
France pitches radical joint EU borrowing plan to pay for defense

France pitches radical joint EU borrowing plan to pay for defense

BRUSSELS ― The French government is pushing for the European Union to issue joint debt to pay for increased military spending and is pitching the radical idea to its European counterparts, according to a confidential letter seen by POLITICO.In the diploma...

6 months ago
More ideas than cash: 5 takeaways from the EU’s defense push

More ideas than cash: 5 takeaways from the EU’s defense push

It took a bloody Russian invasion to get the European Union to start thinking seriously about defense.In a taboo-breaking presentation on Tuesday, top EU officials laid out their plan for a dramatic overhaul of the bloc’s defense industry. The strategy in...

6 months ago
Macron warns Europe ‘can die’ in alarmist speech on protectionism, geopolitical threats

Macron warns Europe ‘can die’ in alarmist speech on protectionism, geopolitical threats

PARIS  — French President Emmanuel Macron warned Thursday that Europe faces possible demise if it does not take bold action to tackle U.S. and Chinese protectionism, amid serious geopolitical threats from authoritarian regimes.In a bleak and solemn speech...

5 months ago
Defense firms need full access to EU cash as Putin haunts Europe, Draghi says

Defense firms need full access to EU cash as Putin haunts Europe, Draghi says

European defense firms must not fear red tape as they ramp up weapons production, according to a new report seen exclusively by POLITICO.As Russia's full-scale invasion of Ukraine continues with knock-on effects for European security, the Continent's defe...

1 month ago
EU Commission mulls delaying budget proposal until after German election

EU Commission mulls delaying budget proposal until after German election

BRUSSELS ― The European Commission is considering postponing setting out plans for its €1.2 trillion seven-year budget until after next year's German national election.With Chancellor Olaf Scholz's Social Democrats trailing in the polls behind the Christi...

1 month ago
Von der Leyen’s first 100 days: What she’s promised, what it means and what she’ll really deliver

Von der Leyen’s first 100 days: What she’s promised, what it means and what she’ll really deliver

Ever since U.S. President Franklin Delano Roosevelt referred to his “first 100 days” as a key milestone way back in 1933, global leaders have referenced the occasion to promise electrifying changes to their electorate.Now it’s Ursula von der Leyen’s turn....

3 weeks ago