AGP Executive Report
Last update: an hour agoEU Budget Standoff: Leaders ended talks in Brussels without a deal on the 2028–34 budget, rejecting a proposed €141bn cut. António Costa urged governments to consider new EU revenue sources; a year-end agreement now looks uncertain. Energy Costs: The summit also produced no agreement on relief, as high gas and diesel prices squeeze households and industry. Leaders are weighing temporary measures ahead of winter. Ukraine Support: Friedrich Merz called for more European funding to help Kyiv through winter and next year. France’s foreign minister said Europe now provides two-thirds of Ukraine’s intelligence. China Trade and Cars: France and Germany are nearing a deal to soften the 2035 car emissions target while tightening “Made in Europe” rules; the proposal could include the UK if it aligns with EU trade measures. Leaders are also considering safeguards for Chinese imports in sectors including chemicals and machinery. Romania Politics: Prime minister-designate Luca Niculescu has gained support ahead of a confidence vote, offering a possible route out of months of political uncertainty.
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