cysv 5 things we learned from the EU s summit in Copenhagen

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Icup I thought there would be more Jeff Flakes, more John McCains, more Bob Corkers
16 countries to ask EU for fiscal leeway to spend big on defenseGermany is the only one of Europe   big five economies to take up the EU executives offer. Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInFree article usually reserved for subscribersOver half of the countr stanley cup ies in the European Union plan to trigger an emergency clause allowing them to make defense investments that push them over the bloc s budgetary spending limits. | Leszek Szymanski/EPAApril 30, 202510:38 pm CETBy Giovanna FaggionatoBRUSSELS 鈥?Over half of the countries in the European Union plan to trigger an emergency clause allowing them to make defense investments that push them over the bloc s  budgetary spending limits.Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Slovenia, Slovakia, and Finland want greater flexibility to boost their own defense capacity, according to a Council statement.Twelve of them have already filed a formal request to the EU executive, the Commission said.Advert stanley taza isementAdvertisementThe exemption gives countries room to  stanley cup increase their spending on defense up to 1.5 percent of their gross domestic product each year for four years without breaching EU fiscal rules.Germany is the only major EU economy planning to use the clause. Countries with stretched budgets, such as Italy or France, are not asking fiscal flexibility for procuring military equipment 鈥?nor are countries with muc Cwbe Trump hit by twin Russia bombshells as he departs for foreign trip
Banking on changesCopy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInDecember 9, 20099:04 pm CETCompetition for the top financial jobs.Jean-Claude Juncker was thought to be a shoo-in for a further term as president of the Eurogroup,  stanley flask which has become an official EU body under the Lisbon treaty. But he has rivals for the job 鈥?in the shape of Christine Lagarde, Frances capable f stanley mug inance minister, and Italys Giulio Tremonti. A decision will be taken in January. The outcome will be affected by a number of other key appointments in the financial field. Germany would like Axel Weber, the director of the Bundesbank, to replace Jean-Claude Trichet as president of the European Central Bank  ECB  when his mandate ends in 2011. Italy is keen for Mario Draghi, the director of Italys national bank, to run the ECB. Next May, Lucas Papademos, the vice-president of the ECB, will also step down. Contenders for his job include Yves Mersch, governor of Luxembourgs national bank, Peter Praet, a director of the Belgian national bank, and Vitor Constancio, governor of Portugals national bank. AdvertisementAdvertisementRelated CountriesFranceGermanyItalyLuxembourgPortugalRelated PeopleChristine LagardeMario DraghiPeter PraetYves MerschOur readers read nextMacron appoints new chief of staff as ex-aide eyes Bank of France jobApr 302 mins readECB holds interest rates but keeps June hike in pl stanley cup ay as war drags onApr 304 mins readEurozone growth limps on as Iran war fuels stagflation