EU News
Canada ‘associate membership’ spurs battle of words with EU capitals
Germany, Italy, France and Greece objected to a draft EU-Canada declaration that cites von der Leyen’s ‘associate membership’ offer, as the member states fear legal uncertainty and a precedent for other third countries ahead of the Montreal summit on Thursday and Friday.
Europe News
EU ends anti-corruption funding curbs on Hungary, freeing €4.2bn
The Council of the EU has ended the 2022 conditionality mechanism imposed on Hungary over corruption risks, releasing €4.2 billion and restoring access to Erasmus+ and Horizon Europe after Péter Magyar’s new government adopted anti-corruption reforms.
Economy
EU debt could hit €1 trillion by 2027, auditors warn
EU auditors said 3.8% of the bloc's spending last year breached funding rules, warning that borrowing could hit €1 trillion by 2027 and that the next long-term budget risks repeating the flaws of the COVID-era recovery fund, as the Commission defended its controls.
Europe News
EU Commission poised to back Albania's 2027 accession deadline
The Commission is set to formally back Albania's 2027 accession deadline in a new roadmap, which is also due to include a list of key deliverables Tirana will have to prioritise to complete the process by the end of next year.