As War Looms, European Powers Revive Diplomacy with Tehran
As hostilities between Israel and Iran stretch into their second week, European powers are intensifying diplomatic efforts to prevent a broader regional war
Andrius Kubilius, the candidate for European Commissioner for Defense and Space, emphasized the need for Europe to prepare for the most extreme military threats, including potential Russian aggression against EU member states. Speaking before several committees, including those on foreign affairs, industry, research, energy, transport, and human rights, Kubilius stressed the urgency of strengthening European defense mechanisms.
Kubilius highlighted the unpredictable nature of the US administration's upcoming strategy, noting that it will likely focus more on the strategic challenges posed by China. This shift, he argued, makes it essential for Europe to bolster its own defense capabilities. He pointed out that by 2025, Russia’s military spending could surpass the combined defense budgets of all EU member states, underscoring the need for a more robust defense union.
The candidate suggested that European defense should be prioritized within the EU budget and proposed that the European Investment Bank (EIB) take on a more significant role in funding defense initiatives. Kubilius also warned of threats to Europe’s peaceful existence beyond its borders, particularly in space. He pledged to collaborate with other member states to establish a European shield to protect against emerging security challenges.
The European Commission has confirmed that Bulgaria meets the inflation criterion necessary for joining the eurozone
At a meeting in Luxembourg on June 19, the finance ministers of EU member states unanimously endorsed the Eurogroup’s recommendation for Bulgaria to adopt the euro starting January 1, 2026
As hostilities between Israel and Iran stretch into their second week, European powers are intensifying diplomatic efforts to prevent a broader regional war
The Eurogroup has given its full support for Bulgaria to join the eurozone
The convergence reports on Bulgaria, issued by the European Commission and the European Central Bank, are expected to receive broad support from all Eurozone countries
The TurkStream gas pipeline, which transits through Bulgaria on its way to the Western Balkans and Central Europ
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