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The Latest Breaking News from Bruegel

EU mulls new defence funding mechanism with third countries to boost military readiness

Existing EU defence instruments lack the scale and incentives needed to close capability gaps and respond to growing security challenges as the US steps back from its traditional role in European defence, according to a policy paper by think tank Bruegel, set to be discussed this week in Warsaw.

Euronews

Europe's military personnel shortfalls exposed as Trump warns US security priorities lie elsewhere

The Trump administration’s warning last month that Europe must now take care of security in its own backyard raises troubling questions

The Independent UK

Facing Trump And Putin, Are The EU's Defence Plans Enough?

Faced by a menacing Russia and unreliable United States, the EU is pushing a mammoth plan to boost its defences that Brussels says could unlock up to 800 billion euros ($860 billion).

International Business Times

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Can Europe guarantee Ukraine’s security without the US?

European nations work on security guarantees for Ukraine against Russia with, Trump making clear that the US won’t.

Al Jazeera

The EU beat COVID and ditched Russian energy. Now it must learn to live without US security help

The European Union is getting good at adapting to unprecedented circumstances

The Independent UK

American troops pack more punch than European ones, and fighting Russia without the U.S. would require adding more than 300,000, think tank says

“U.S. troops would come in large, cohesive, corps-sized units with a unified command and control tighter even than NATO joint command.”

Fortune

European elections leave markets jittery: What do far-right gains mean for EU?

A cloud of uncertainty is hovering over Europe this June in the wake of the European elections. In France, the National Rally party of Marine Le Pen dominated the polls to such an extent that President Emmanuel Macron immediately dissolved parliament and called for new elections. The possibility of seeing…

France 24

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Europe and the US should work with China. Joint climate action could be a win-win

From deals on electric cars to solar panels, all sides could benefit from the global green energy transition, says Simone Tagliapietra of the Brussels-based thinktank Bruegel

The Guardian - UK

Collapse & chaos: SVB, Signature Bank failures spark global panic

Is America facing a banking crisis? As regulators try to stem the fallout from the collapse of Silicon Valley and Signature Banks, we look at the risks for the rest of the system. Kate Moody speaks to economist Nicolas Veron from the Peterson Institute for International Economics and the European…

France 24

Europe leaps towards energy autonomy as sanctions undercut Russia

Moscow has waged an energy war against the EU over the past year, but the bloc appears to be holding firm.

Al Jazeera

How Putin’s plans to blackmail Europe over gas supply failed

Within eight months of Russia invading Ukraine, the EU’s 27 states had replaced about 80% of the natural gas they used to get from Moscow

The Guardian - UK

Top energy historian says oil prices could go anywhere next year, it all depends on 3 factors

It's anyone's guess where oil prices go next year, but these three factors are likely to be critical.

Fortune

Why sanctions against Russia aren't working — yet

When sanctions were enacted against Russia in February of this year, many forecasts were of an imminent collapse in the Russian economy. A new report looks at why that hasn't happened.

WEKU

Russia abandons Kherson city and digs in farther east

In the 37th week of Russia’s war in Ukraine, Russia announced a troop withdrawal from the southern city of Kherson.

Al Jazeera

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Reuters

European governments spend half a trillion euros on energy crisis - report

Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday.

The Hindu

Data | India, China help lift Russia’s post-war crude oil exports

Only 1% of India’s crude oil imports came from Russia in the past five years

The Guardian - UK

Could a cartel of large energy consumers cut oil and gas prices?

Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap

Asharq Al-Awsat

Microsoft Announces Changes after Cloud Computing Complaints

Microsoft, which had been fined 1.6 billion euros ($1.7 billion) by EU antitrust regulators, will revise its licensing terms and allow cloud service providers to better compete in response to complaints, its president Brad Smith said on Wednesday. The company was taking the first step but not the last to…

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The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

The European Union's executive commission has proposed phasing out imports of Russian oil within six months

Al Jazeera

Russian gas crisis: 5 things to know about Europe’s supply

Russia is cutting gas supplies to Poland and Bulgaria, and is threatening to cut off other countries in Europe.

The Independent UK

EXPLAINER: What's behind Russia's natural gas cutoff?

Russia's playing hardball on natural gas

The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

Europe is discussing a boycott of Russian oil over the Kremlin's invasion of Ukraine

The Independent UK

What would a shut off of Russian gas mean for Europe?

Using analysis by Brussels-based think tank Bruegel, we explore the impact and options for Europe.

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