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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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  The European Parliament is preparing to restart work on key legislation underpinning the EU–US Turnberry trade deal, after a majority...
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EU approves €90 billion loan to Ukraine to fund war effort through 2027

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  European Union ambassadors have agreed on the final details of a €90 billion loan package for Ukraine, a major financial commitment...
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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...
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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

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

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  The Parliamentary Assembly of the Council of Europe has renewed its call for stronger youth participation in democratic life, warning...
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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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Greece's Parliament was sworn in Wednesday (July 17) after July 7 elections that saw a broad conservative victory end over four years of leftist rule.

The six-party Parliament will officially begin its functions after electing a Speaker on Thursday.

New Prime Minister Kyriakos Mitsotakis' conservative government has made boosting sluggish growth a priority, powered by tax cuts and accompanied by privatisation deals.

The 51-year-old Harvard graduate and former McKinsey consultant has also pledged to create jobs and get rid of obstacles to business.

Mr Mitsotakis will outline his government's policies at the weekend before a vote of confidence late on Sunday.

His New Democracy party has 158 lawmakers in the 300-seat chamber.

The Greek debt agency said it had raised €2.5 billion (S$3.82 billion) in the sale, while the prime minister said the yield of 1.9 per cent was a "record low".

A previous seven-year sale in February 2018 had a yield of 3.5 per cent amid world market volatility.

Starting in 2020, Mr Mitsotakis has promised to cut a hated property tax called ENFIA - brought in by a previous New Democracy-led government during the economic crisis - by 30 per cent over two years.

REFORMS PACKAGE

He has also offered to reduce income tax thresholds and to gradually cut tax on business profits by 8 per cent.

But just hours after his July 7 victory, euro zone finance ministers warned the new government to stick to the country's strict public spending commitments.

"We must keep our commitments, this is the only way I know to gain credibility," said Eurogroup chief Mario Centeno.

On Tuesday, the euro zone's bailout fund director and a key EU official overseeing Greece's debt repayments, Mr Klaus Regling, suggested that tax cuts be coupled "with a broader tax base".

In a meeting with Regling later on Tuesday, Mr Mitsotakis "confirmed that Greece would respect fiscal targets", the prime minister's office said.

During the election campaign, Mr Mitsotakis said he would persuade Greece's creditors to accept the easing of targets with "a comprehensive reforms package".

The current framework negotiated with creditors by the previous leftist Syriza government holds Greece to a primary budget surplus of 3.5 per cent to 2022 - but the conservatives say that target stifles growth.

There are two fewer parties in Parliament than in the previous chamber, but two of them are new - Greek Solution, a nationalist party formed by TV salesman Kyriakos Velopoulos, and MeRA25, an anti-austerity party founded by maverick economist and Mr Tsipras's former finance minister Yanis Varoufakis.

"We are here to say a massive 'no' to whatever strengthens (Greece's debt burden)," Mr Varoufakis, whose party elected nine lawmakers, said before being sworn in on Wednesday.

In contrast, neo-Nazi party Golden Dawn was shut out of Parliament for the first time since 2012.

Golden Dawn, until recently Greece's third-ranking party, is in disarray amid an ongoing trial for the 2013 murder of an anti-fascist rapper, allegedly carried out with the knowledge of senior Golden Dawn members.afp

 

deneme