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Homeownership in the EU: 68% of residents own their homes in 2024

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  In 2024, more than two-thirds of people living in European Union households—68%—owned their own home, a slight decrease from 69%...
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EU–US trade deal back on track: European Parliament moves to revive Turnberry tariff laws

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EU approves €90 billion loan to Ukraine to fund war effort through 2027

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Interest earned on frozen Russian assets at Euroclear drops 26% as rates ease

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Europeans call for stronger EU action as security, economy and global risks fuel anxiety

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G20 Youth turn away from western democracies as global influence shifts East, new report finds

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EU approves €614 million payment to Czechia as housing, green transport and energy reforms advance

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Dutch universities urged to speak out more strongly for Jewish student safety after campus protests

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Council of Europe chief Alain Berset visits Belgium to push democratic security and rule of law

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Council of Europe urges governments to treat young people as equal partners in democracy

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Latest News

Homeownership in the EU: 68% of residents own their homes in 2024

Homeownership in the EU: 68% of residents own their homes in 2024 Homeownership in the EU: 68% of residents own their homes in 2024
  In 2024, more than two-thirds of people living in European Union households—68%—owned their own home, a slight decrease from 69%...
Read More...

EU–US trade deal back on track: European Parliament moves to revive Turnberry tariff laws

EU–US trade deal back on track: European Parliament moves to revive Turnberry tariff laws EU–US trade deal back on track: European Parliament moves to revive Turnberry tariff laws
  The European Parliament is preparing to restart work on key legislation underpinning the EU–US Turnberry trade deal, after a majority...
Read More...

EU approves €90 billion loan to Ukraine to fund war effort through 2027

EU approves €90 billion loan to Ukraine to fund war effort through 2027 EU approves €90 billion loan to Ukraine to fund war effort through 2027
  European Union ambassadors have agreed on the final details of a €90 billion loan package for Ukraine, a major financial commitment...
Read More...

Interest earned on frozen Russian assets at Euroclear drops 26% as rates ease

Interest earned on frozen Russian assets at Euroclear drops 26% as rates ease Interest earned on frozen Russian assets at Euroclear drops 26% as rates ease
  Interest income generated from frozen Russian assets held by Euroclear declined sharply last year, falling by 26 per cent to around €5...
Read More...

Europeans call for stronger EU action as security, economy and global risks fuel anxiety

Europeans call for stronger EU action as security, economy and global risks fuel anxiety Europeans call for stronger EU action as security, economy and global risks fuel anxiety
  Growing geopolitical instability is reshaping how Europeans view their future — and many are calling on the European Union to respond...
Read More...

G20 Youth turn away from western democracies as global influence shifts East, new report finds

G20 Youth turn away from western democracies as global influence shifts East, new report finds G20 Youth turn away from western democracies as global influence shifts East, new report finds
  Young people across the world’s major economies are no longer instinctively drawn to Western liberal democracies, according to new...
Read More...

EU approves €614 million payment to Czechia as housing, green transport and energy reforms advance

EU approves €614 million payment to Czechia as housing, green transport and energy reforms advance EU approves €614 million payment to Czechia as housing, green transport and energy reforms advance
  The European Commission has approved Czechia’s fifth payment request under the EU’s Recovery and Resilience Facility, unlocking €614...
Read More...

Dutch universities urged to speak out more strongly for Jewish student safety after campus protests

Dutch universities urged to speak out more strongly for Jewish student safety after campus protests Dutch universities urged to speak out more strongly for Jewish student safety after campus protests
  Dutch universities are being urged to take a clearer and more public stand in support of Jewish students and staff who say they feel...
Read More...

Council of Europe chief Alain Berset visits Belgium to push democratic security and rule of law

Council of Europe chief Alain Berset visits Belgium to push democratic security and rule of law Council of Europe chief Alain Berset visits Belgium to push democratic security and rule of law
  Democratic security and the future of Europe’s rule-based order will be at the heart of the first official visit to Belgium by Alain...
Read More...

Council of Europe urges governments to treat young people as equal partners in democracy

Council of Europe urges governments to treat young people as equal partners in democracy Council of Europe urges governments to treat young people as equal partners in democracy
  The Parliamentary Assembly of the Council of Europe has renewed its call for stronger youth participation in democratic life, warning...
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It's not often German big business openly dabbles in politics, but many companies are urging their employees to reject eurosceptics and right-wing populists in May 26 European

Parliament elections.

From Volkswagen to Eon and Thyssenkrupp, Germany's corporate titans have become unusually engaged in defence of an open Europe, a position that is in their own strategic interest.

"Vote for Europe on 26.5. -- it's about freedom, it's about prosperity, it's about our Europe," read a huge poster in downtown Munich unveiled Monday by Bavarian industry federation VBW.

It was the latest such initiative after the VCI chemical industry association recently launched a "Ja zu Europa" ("Yes to Europe") campaign.

Alarmed by projections that see the far-right garnering at least one in five votes in the polls, the head of the German Employers' Confederation, "boss of bosses" Ingo Kramer, in February warned of the "serious" threat extremist forces pose to the European project.

"I ask all German companies to clearly show their colours," he wrote, cautioning that "anti-Europeans from the left and the right" could end up obstructing the European Parliament.

Hubertus Bardt, head of the IW economic research institute, said that "never before have I seen so many companies publicly call for people to go and vote".

"Businesses are realising the importance of European integration," he told AFP.

- Open markets, free trade -

Most of the initiatives have come from large export-driven corporations that "are among the biggest beneficiaries of the European single market," said Alexander Kritikos from the German Institute for Economic Research (DIW).

The rest of the European Union accounted for 780 billion euros ($870 billion) worth of German exports last year, its biggest market.

"Developments such as Brexit, increasing populism, euroscepticism and nationalism pose an enormous economic risk, especially for companies of this size," said Andrea Roemmele of the Hertie School of Governance.

She said big business profits from the European single market and favours a strong EU that can assert economic interests on the world stage, while "nationalist efforts, such as those we see in the USA under President Trump, mean declining revenues".

Among other German business players, the Central Association of German Trade has published a "Yes to Europe" leaflet, while Ruhr industrial region giants Thyssenkrupp, RWE, Eon and Evonik will also encourage their employees to vote. 

Thyssenkrupp boss Guido Kerkhoff told local media last month that "we need to better explain why we need open markets and free trade to succeed, not a withdrawal into our national shells".

Volkswagen will also issue a "clear call for a vote", its human resources chief Gunnar Kilian said earlier this year, stressing that "for European unity, for our common values, for peaceful cooperation ... our democracy needs every voice".

- Brand image boost -

Kritikos said the Brexit drama had driven home the point in the remaining 27 EU states that "it would be fatal for businesses if the single market were to break up".

Beyond the issue of maintaining open trade, a company taking a clear political stance can also boost its image as a responsible corporate citizen, experts say.

In another initiative, around 50 family-run enterprises recently launched a campaign against racism and xenophobia called "Made in Germany - Made by Diversity".

"Consumers are becoming increasingly critical and are consuming not only according to economic but also social and political criteria," said Roemmele.

Citizens with pro-European views, she added, "tend to be well educated and have strong purchasing power".

On the other hand, such campaigns can further alienate those employees already drawn to far-right ideas, as populist political groups are seeking influence in works councils, particularly among several car manufacturers. 

"Companies must be careful not to fuel partisan conflicts in their factories," warned Bardt.

He pointed out that the corporate initiatives do not tend to mention any of the far-right parties by name, and said that the best way to combat extremist parties is high voter turnout. AFP

deneme