Free Trial

EU Aff. Mins Meet Today Ahead Of 26-27 EUCO Summit

EUROPEAN COUNCIL

European Affairs ministers meet in Luxembourg today to discuss draft conclusions ahead of the upcoming European Council summit of member state leaders taking place 26-27 October. A number of topics of notable significance are set to be on the agenda for member state leaders, including the war in Ukraine, the EU's 2021-7 multiannual financial framework (long-term budget), the EU economy - with particular focus on competitiveness, industrial policy, and energy - and migration issues.

  • On Ukraine, the EUCO is expected to debate the allocation of an additional EUR50bn in funding for Kyiv as part of talks over revisions to the MFF.
  • Both the EU Affairs ministers and member state leaders will discuss the security situation in the Middle East amid a lack of clear communication from the EU regarding its stance on the conflict between Israel and Hamas.
  • Different member states take a starkly different line on levels of support for Israel and stances on Palestine, with Commission President Ursula von der Leyen raising hackles among some EU members for her vocally strong support for Israel.
  • Given this division, and the heightened domestic tensions amid terrorist attacks in Belgium and France, reaching any conclusive agreement may prove too difficult for this week's EUCO summit.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.