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Eurozone inflation accelerates to 3.0% in April, driven by energy surge

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  Inflation across the euro area is expected to rise to 3.0% in April 2026, marking a notable increase from 2.6% in March, according to...
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EU business investment slumps to decade low at end of 2025

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China urges Belgium to act as bridge in EU trade tensions

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EU lawmakers renew push for ban on goods from Israeli settlements

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EU steps In to support workers after Belgian tech firm collapse

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Nearly one in four asylum seekers in the EU are children, new 2025 data shows

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Latest News

Eurozone inflation accelerates to 3.0% in April, driven by energy surge

Eurozone inflation accelerates to 3.0% in April, driven by energy surge Eurozone inflation accelerates to 3.0% in April, driven by energy surge
  Inflation across the euro area is expected to rise to 3.0% in April 2026, marking a notable increase from 2.6% in March, according to...
Read More...

EU business investment slumps to decade low at end of 2025

EU business investment slumps to decade low at end of 2025 EU business investment slumps to decade low at end of 2025
  Business investment across the European Union fell to its lowest level in more than ten years at the close of 2025, underlining a sustained...
Read More...

China urges Belgium to act as bridge in EU trade tensions

China urges Belgium to act as bridge in EU trade tensions China urges Belgium to act as bridge in EU trade tensions
  China has called on Belgium to take on a constructive role within the European Union to help ease ongoing economic and trade tensions,...
Read More...

EU and Armenia strengthen strategic ties at historic first summit in Yerevan

EU and Armenia strengthen strategic ties at historic first summit in Yerevan EU and Armenia strengthen strategic ties at historic first summit in Yerevan
  The European Union and Armenia are set to elevate their partnership during their first-ever summit, taking place on 4–5 May in Yerevan.This...
Read More...

Weekend work remains widespread across EU workforce in 2025

Weekend work remains widespread across EU workforce in 2025 Weekend work remains widespread across EU workforce in 2025
  In 2025, more than one in five employed people across the European Union regularly worked weekends, highlighting the persistence of non-standard...
Read More...

EU Parliament calls for justice mechanisms and expanded sanctions over Russian attacks in Ukraine

EU Parliament calls for justice mechanisms and expanded sanctions over Russian attacks in Ukraine EU Parliament calls for justice mechanisms and expanded sanctions over Russian attacks in Ukraine
  The European Parliament has adopted a resolution strongly condemning Russia’s repeated and deliberate strikes on civilian infrastructure...
Read More...

EU lawmakers renew push for ban on goods from Israeli settlements

EU lawmakers renew push for ban on goods from Israeli settlements EU lawmakers renew push for ban on goods from Israeli settlements
A coalition of European lawmakers is stepping up pressure on Brussels to halt trade with Israeli settlements, reflecting widening divisions...
Read More...

EU poverty rate slightly declines in 2025, but nearly 93 million still at risk

EU poverty rate slightly declines in 2025, but nearly 93 million still at risk EU poverty rate slightly declines in 2025, but nearly 93 million still at risk
The number of people facing poverty or social exclusion across the European Union saw a modest decline in 2025, yet the scale of the issue...
Read More...

EU steps In to support workers after Belgian tech firm collapse

EU steps In to support workers after Belgian tech firm collapse EU steps In to support workers after Belgian tech firm collapse
  The European Commission has announced plans to mobilise €2 million from the European Globalisation Adjustment Fund for Displaced Workers...
Read More...

Nearly one in four asylum seekers in the EU are children, new 2025 data shows

Nearly one in four asylum seekers in the EU are children, new 2025 data shows Nearly one in four asylum seekers in the EU are children, new 2025 data shows
  In 2025, children made up a significant share of those seeking refuge in the European Union, highlighting the growing humanitarian dimension...
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Greece's Parliament was sworn in Wednesday (July 17) after July 7 elections that saw a broad conservative victory end over four years of leftist rule.

The six-party Parliament will officially begin its functions after electing a Speaker on Thursday.

New Prime Minister Kyriakos Mitsotakis' conservative government has made boosting sluggish growth a priority, powered by tax cuts and accompanied by privatisation deals.

The 51-year-old Harvard graduate and former McKinsey consultant has also pledged to create jobs and get rid of obstacles to business.

Mr Mitsotakis will outline his government's policies at the weekend before a vote of confidence late on Sunday.

His New Democracy party has 158 lawmakers in the 300-seat chamber.

The Greek debt agency said it had raised €2.5 billion (S$3.82 billion) in the sale, while the prime minister said the yield of 1.9 per cent was a "record low".

A previous seven-year sale in February 2018 had a yield of 3.5 per cent amid world market volatility.

Starting in 2020, Mr Mitsotakis has promised to cut a hated property tax called ENFIA - brought in by a previous New Democracy-led government during the economic crisis - by 30 per cent over two years.

REFORMS PACKAGE

He has also offered to reduce income tax thresholds and to gradually cut tax on business profits by 8 per cent.

But just hours after his July 7 victory, euro zone finance ministers warned the new government to stick to the country's strict public spending commitments.

"We must keep our commitments, this is the only way I know to gain credibility," said Eurogroup chief Mario Centeno.

On Tuesday, the euro zone's bailout fund director and a key EU official overseeing Greece's debt repayments, Mr Klaus Regling, suggested that tax cuts be coupled "with a broader tax base".

In a meeting with Regling later on Tuesday, Mr Mitsotakis "confirmed that Greece would respect fiscal targets", the prime minister's office said.

During the election campaign, Mr Mitsotakis said he would persuade Greece's creditors to accept the easing of targets with "a comprehensive reforms package".

The current framework negotiated with creditors by the previous leftist Syriza government holds Greece to a primary budget surplus of 3.5 per cent to 2022 - but the conservatives say that target stifles growth.

There are two fewer parties in Parliament than in the previous chamber, but two of them are new - Greek Solution, a nationalist party formed by TV salesman Kyriakos Velopoulos, and MeRA25, an anti-austerity party founded by maverick economist and Mr Tsipras's former finance minister Yanis Varoufakis.

"We are here to say a massive 'no' to whatever strengthens (Greece's debt burden)," Mr Varoufakis, whose party elected nine lawmakers, said before being sworn in on Wednesday.

In contrast, neo-Nazi party Golden Dawn was shut out of Parliament for the first time since 2012.

Golden Dawn, until recently Greece's third-ranking party, is in disarray amid an ongoing trial for the 2013 murder of an anti-fascist rapper, allegedly carried out with the knowledge of senior Golden Dawn members.afp

 

deneme