The executive body of the European Union (EU) laid out a new emergency tool to secure supply chains in times of crisis that would give it sweeping new powers to block member countries from adopting restrictions to the free movement of crisis-relevant goods or force businesses to break contracts and stockpile key products. Details of…
EU Seeks Sweeping New Crisis Powers to Secure Critical Supply Chains
The European Union Is About to Rupture
September 16, 2022
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Commentary The possible, even likely, collapse of the European economy would inflict some heavy costs to present European institutions. In this entry, Dr. Peter Nyberg and I detail why we believe we are likely to see some rupturing of the European Union (EU) as originally conceived. This may occur in two ways: Either the European…
Europe May Face Power Outages as Authorities Prepare for Winter Energy Crisis
September 15, 2022
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European authorities are preparing for blackouts, as many residents are facing the prospect of a very cold winter. The energy squeeze has put governments across the European Union (EU) on edge, as the severance of Russian natural gas supplies has exacerbated the energy shortage week by week. The urgency has been made worse also by…
Skyrocketing Energy Prices Hit as EU Debates Gas Price Cap
September 13, 2022
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Soaring energy costs continue to hit Europe hard this week, as governments in the region are struggling to contend with the rising cost of energy, after Russian gas was drastically cut earlier this month. Russia cut natural gas and oil exports to Europe after the European Union, the United Kingdom, and the United States placed…
EU Signs Ukraine Aid Deal, New Partnerships on Green, Digital World Ambitions
The executive arm of the European Union on Monday announced a 500 million euro (US$497 million) support budget to help Ukraine’s housing, education, and agricultural sectors. The agreement was made in the wings of an EU-Ukraine Association Council meeting in Brussels with Ukrainian Prime Minister Denys Shmygal. It comes more than six months after Ukraine…
EU Split on Visa Ban for Russian Tourists, Kremlin Says Proposal Irrational
PRAGUE—European Union foreign ministers are likely to agree to suspend a visa facilitation agreement with Moscow and make Russians wait longer and pay more for their visas, diplomats said on Tuesday, while the bloc remained split over an outright EU travel ban. Germany and France warned it would be counter-productive to ban ordinary Russians, a…
Greece’s Exit From Enhanced EU Scrutiny Ends 12 Years of Pain: Prime Minister
ATHENS—Greece’s exit on Saturday from the European Union’s so-called enhanced surveillance framework for its economy ends 12 years of pain and allows the country greater freedom in policy making, its prime minister said. Greece’s economic performance and policies have been closely monitored under the framework since 2018 to ensure it implemented reforms promised under three…
UK Universities Cut Off From £80 Billion EU Science Fund: Expert
British universities and businesses will lose out unless the government can fix a row with the European Union over the £80 billion Horizon Europe academic funding programme, according to Stepan Stepanenko, a research fellow at the Henry Jackson Society. He said the government had “shot themselves in the foot” by rejecting the Northern Ireland Protocol, antagonising…
EU and UK Back UN Statement on Hong Kong: Abolish National Security Law
The United Nations Human Rights Committee recently issued a report urging the Hong Kong government to repeal the draconian Hong Kong National Security Law (NSL). Both the European Union and the United Kingdom expressed support for this proposal. EU spokesperson Nabila Massrali issued a statement on July 28, expressing support for the conclusions of the…
France, Italy, and Spain See Improvements in Growth, While Germany Stagnates
July 29, 2022
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The eurozone economy in general grew more than three times than economists had expected, despite inflation in the 19-member currency bloc, rising by 8.9 percent, up from a 8.6 percent rate last month, an all-time high. Analysts claim that the unexpected growth will put the greater European Union (EU) economy on a stronger footing, despite…
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