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Stability and growth pact: Council decides on way ahead for Belgium and Romania under the excessive deficit procedure

European Council - Sat, 06/21/2025 - 08:09
The Council today approved a decision regarding Romania and a recommendation to Belgium under the excessive deficit procedure.
Categories: European Union

Recovery and resilience fund: Council gives green light to amended plans of Belgium, Cyprus, Croatia, Italy, Lithuania, Malta, Poland and Slovenia

European Council - Sat, 06/21/2025 - 08:09
The Council approved the Commission’s positive assessment of the amended recovery and resilience plans submitted by Belgium, Cyprus, Croatia, Italy, Lithuania, Malta, Poland and Slovenia.
Categories: European Union

Economic governance: Council approves fiscal expenditure paths for Belgium and Bulgaria

European Council - Sat, 06/21/2025 - 08:09
The Council today adopted recommendations endorsing fiscal expenditure paths for Belgium and Bulgaria.
Categories: European Union

Council calls for greater efforts to protect the mental health of children and teenagers in the digital era

European Council - Sat, 06/21/2025 - 08:09
The Council has approved conclusions calling for greater efforts to protect the mental health of children and teenagers in a rapidly changing digital environment.
Categories: European Union

Remarks by Paschal Donohoe following the Eurogroup meeting of 19 June 2025

European Council - Sat, 06/21/2025 - 08:09
Remarks by Eurogroup President Paschal Donohoe after the Eurogroup meeting on Bulgaria's accession to the euro area, reinforcing security in Europe, removing barriers in the single market, the digital euro and the Eurogroup presidency.
Categories: European Union

Press briefing - Foreign Affairs Council of 23 June 2025

European Council - Sat, 06/21/2025 - 08:09
Press briefing ahead of the upcoming Foreign Affairs Council will take place on 20 June 2025 at 16.00.
Categories: European Union

Euro area member states recommend that Bulgaria become the 21st member of the euro area

European Council - Sat, 06/21/2025 - 08:09
The Eurogroup endorsed a recommendation from euro area member states to the Council of the European Union regarding Bulgaria’s fulfilment of the convergence criteria and introducing the euro on 1 January 2026.
Categories: European Union

Press briefing - European Council meeting of 26-27 June 2025

European Council - Sat, 06/21/2025 - 08:09
The press briefing will take place on Monday 23 June 2025 at 11.00.
Categories: European Union

Council calls for targeted efforts to advance gender equality in the AI-driven digital age

European Council - Sat, 06/21/2025 - 08:09
The Council is calling for targeted efforts to advance gender equality in the digital age, with a focus on the risks and opportunities presented by AI.
Categories: European Union

Simplification: Council agrees position to ‘stop-the-clock’ on due diligence rules for batteries

European Council - Sat, 06/21/2025 - 08:09
Member states’ representatives (Coreper) approved today the Council’s position on one of the Commission’s proposals to simplify EU rules and thus boost EU competitiveness in the field of batteries.
Categories: European Union

Combatting 'false' traineeships: Council agrees its position

European Council - Sat, 06/21/2025 - 08:09
The Council has agreed its position on a new law that aims to improve and enforce working conditions for trainees and combat 'false' traineeships.
Categories: European Union

Council agrees position on a set of updated measures for a competitive and future-proof EU wine sector

European Council - Sat, 06/21/2025 - 08:09
Council agrees its negotiating mandate for a set of updated measures aimed at boosting the competitiveness and resilience of the EU wine sector.
Categories: European Union

Securities trading: Council and Parliament agree on shorter settlement cycle

European Council - Sat, 06/21/2025 - 08:09
The Council and the European Parliament reached a provisional agreement today on new rules to make transactions in transferable securities more efficient.
Categories: European Union

Cohesion policy mid-term review: Council agrees positions to better address current and emerging challenges

European Council - Sat, 06/21/2025 - 08:09
Council agrees negotiating positions to better address current and emerging challenges in the context of EU cohesion policy’s mid-term review.
Categories: European Union

Carbon border adjustment mechanism (CBAM): Council and Parliament strike a deal on its simplification

European Council - Sat, 06/21/2025 - 08:09
The Council presidency and European Parliament’s negotiators reached a provisional agreement today on one of the proposals of the so-called ‘Omnibus I’ legislative package: a regulation, which simplifies and strengthens the EU’s carbon border adjustment mechanism (CBAM).
Categories: European Union

Why Europe needs a Swiss Army knife approach to economic foreign policy

Euractiv.com - Sat, 06/21/2025 - 07:00
Just when Trump is turning the world upside down with tariffs and threats, the EU might have a chance to demonstrate an alternative vision of trade, green industrialisation, and economic security.
Categories: European Union

Meloni, von der Leyen tout €1.2 billion in EU-Africa investment deals

Euractiv.com - Fri, 06/20/2025 - 19:10
The EU and Italy unveiled new investment deals with Africa, touting a bold development agenda – but civil society groups remain unconvinced, warning of old priorities in new packaging.
Categories: European Union

EU review finds Israel in breach of trade pact over Gaza war

Euractiv.com - Fri, 06/20/2025 - 18:33
Despite the finding it's still unlikely the bloc will opt to suspend its trade deal with the country.
Categories: European Union

How does the EU support development in the world?

The European Union (EU) aims to reduce, and eventually eradicate poverty. It is the world’s largest donor of development aid. In 2023, the EU and its member countries provided €95.9 billion for official development assistance to support long-term economic, social, environmental and political development around the world.

EU development aid policies

The EU is committed to implementing the United Nations Sustainable Development Goals to eradicate poverty, find sustainable and inclusive development solutions, and ensure everyone’s human rights by 2030.

In 2021, the EU adopted its Global Gateway strategy. It aims to boost smart, clean and secure connections in the digital, energy and transport sectors, and to strengthen health, education and research systems across the world. Up to €300 billion in public and private investment will be mobilised between 2021 and 2027 to achieve these goals. More information is available in the related press release.

EU action follows the principle of policy coherence for development, which means that EU policies should not have negative effects on developing countries. Under this principle, the EU aims to minimise inconsistencies and improve synergies between different EU policies, for instance in trade, agriculture or on climate action.

The EU therefore supports the private sector through public funding and several initiatives aiming to leverage investment in developing countries. For instance, the European Fund for Sustainable Development Plus (EFSD+) promotes sustainable investment in the EU’s partner countries. It aims at mobilising up to €135 billion of public and private financing to help partner countries achieve the Sustainable Development Goals.

To help improve people’s lives and the economy by fighting hunger and protecting natural resources, the EU also engages in international partnerships with countries in need, providing assistance through financial grants, public procurement contracts and budgetary support. In June 2021, the EU adopted the Neighbourhood, Development and International Cooperation Instrument, which aims to promote stronger partnerships with non-EU countries, including with the European neighbourhood.

European Parliament’s position

In a March 2023 resolution, the European Parliament called to prevent EU policies from negatively impacting poor and vulnerable people in developing countries. Parliament also stressed the need to clarify, strengthen and promote policy coherence for development in line with the Sustainable Development Goals.

In a December 2023 resolution, the European Parliament reaffirmed that everyone has the right to education. It also stressed that, if we are to meet the Sustainable Development Goals by 2030, education – notably basic education – must be free, quality, inclusive, and accessible without discrimination.

In a May 2025 resolution about the updated long-term budget for the Union, the European Parliament emphasised that the EU should aim to remain the world’s leading provider of development aid and climate finance. Parliament also noted that the EU and its member countries have jointly pledged to allocate 0.7 % of their gross national income (GNI) to official development assistance, and stressed that reducing poverty must remain the main goal.

Further information
Categories: European Union

Why the EU and China are on a path to economic disaster

Euractiv.com - Fri, 06/20/2025 - 17:36
The sheer ferocity of the Commission president's remarks at the G7 this week was genuinely shocking. Whence the fury?
Categories: European Union

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