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ECB Governing Council member Dorenz: The situation could change rapidly before the next meeting.

2026-07-01

ECB Governing Council member Dorenz: The situation could change rapidly before the next meeting.

Other News
2026-06-30

Germany has asked for a €400 bln reduction to the European Commission's proposed €2.0 tln 2028-34 EU budget, saying the plan is "unaffordable", according to an internal government paper. Berlin warned the proposal would make it impossible to reach an

Germany has asked for a €400 bln reduction to the European Commission's proposed €2.0 tln 2028-34 EU budget, saying the plan is "unaffordable", according to an internal government paper. Berlin warned the proposal would make it impossible to reach an agreement under current terms. The demand (~$456bln) presages tough negotiations since unanimity of all 27 members is required. As the EU's largest net contributor, Germany said the draft represents a large rise from the €1.3 tln 2021-27 budget; even after a €400 bln cut the 2028-34 package would be about 27% larger and would push Germany's annual contribution above €50 bln.
2026-06-30

The Times reports Prime Minister Starmer will announce an extra £15 on Tuesday billion defense budget, unveil plans for a new generation of fighter jets, warships and drones, and publish his long-delayed 10-year defense investment plan.

The Times reports Prime Minister Starmer will announce an extra £15 on Tuesday billion defense budget, unveil plans for a new generation of fighter jets, warships and drones, and publish his long-delayed 10-year defense investment plan.
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