EZ Eurogroup Meetings

The EU expects to mobilise over 400 billion euros ($464.5 billion) by 2027 in investments for Global Gateway, its program to boost investments in the Global South, European Commission President Ursula von der Leyen said on Thursday. Global Gateway was originally designed to invest 300 billion euros, half of it in Africa, from 2021 to 2027, as an alternative to China’s rival scheme. The projects are in areas such as energy, transport, education and research, along with partnerships to help the European Union secure minerals critical ...

European Union finance ministers will discuss on Monday how to pay for defence through new joint borrowing, existing EU funds and a greater role for the European Investment Bank, with a view to decisions in June, the Polish EU presidency said. In an invitation letter to the ministers, Andrzej Domanski, the finance minister of Poland, which chairs EU meetings, said the talks would follow up on decisions by EU leaders last Thursday to explore these sources of financing. European countries are hastening to boost defence spending and ...

The Eurogroup discussed recent developments in the energy markets, after hearing a presentation by the director of the EU Agency for the Cooperation of Energy Regulators (ACER) on recent energy market developments. The exchange will provide input for the assessment of fiscal policy challenges going forward. Compared to last summer, energy prices have come down significantly and the most pessimistic forecasts have not materialised. Developments with regard to demand and storage have been reassuring, but we need to continue with our ...