One year on, implementation of Mario Draghi's recipe for Europe's economic renaissance is shy and partial, as EU headspace has been preoccupied with crisis mode, analysis found. @alicemhancock.bsky.social @bmoens.bsky.social www.ft.com/content/4423...

Trump says Ukraine has to «get ready to sign something» and engage in «some swapping of territories» with Russia as he announces meeting with Putin in Alaska on August 15 - with Amy Mackinnon and @christopherjm.ft.com on.ft.com/3Hs3Y37

EU halts retaliatory tariffs as it finalises US trade deal, in spite of tariff relief for cars, exemptions & quota system for steel and aluminium yet to be agreed www.ft.com/content/16c7...

Trump said he'll levy "rest of world" with tariff of "15 to 20pc range" aka same or slightly higher than what the EU got by lowering tariffs and committing to +1.3TN$ US purchases/investments. I expect this won't sit well with EU countries ... ft.com/content/d974... via @financialtimes.com

Breaking news: Donald Trump has given Russia a shorter window of 10 to 12 days to agree a ceasefire in Ukraine or face tighter sanctions, as his frustration with his Russian counterpart escalates. https://on.ft.com/4l3yDl8

In the aftermath of a handshake and thumbs up picture from Trump's Turnberry golf course - here is what we know of the US/EU trade deal (and what is yet TBD). With @alicemhancock.bsky.social @aimewilliams.bsky.social & Emily Herbert www.ft.com/content/85c5...

As public outcry over of Zelenskyy's power grab grows, @christopherjm.ft.com profiles the man behind Ukraine's wartime president: "Yermak has come to personify ..whether centralised powers imposed by the wartime administration might cripple Ukraine’s democratic future once the war ends"

Ukrainian President Volodymyr Zelenskyy’s controversial move to take control of his country’s anti-corruption bodies poses a risk to European funding and Kyiv’s path to EU accession, top European officials have warned. Story w/ @paolatamma.bsky.social @henryjfoy.ft.com www.ft.com/content/ef23...

How NOT to prepare and present a budget proposal to ensure buy in from colleagues and eventually EU countries — who will have to foot the bill. With @henryjfoy.ft.com and @bmoens.bsky.social www.ft.com/content/c88e...

The EU commission will unveil proposals for the bloc's next budget today - this is what we know so far: 1. the amount (TBC) would be a +60pc increase in current prices compared to present budget / continues www.ft.com/content/4dc4...

Scoop🚨 Brussels will shift billions in EU funds eastward as it seeks to counter security threats from Russia, a leaked formula underpinning the distribution of the future budget shows. www.ft.com/content/c668...

In the big budget battle the EU is readying to fight for the next two years, one winner has already emerged: farmers, who secured their subsidies despite efforts to “modernize” the EU budget. Story with the indefatigable @alicemhancock.bsky.social on.ft.com/44jvTes

EU plans ways to fill Ukraine’s budget gap in 2026 as Kyiv grapples with continued Russian attacks that dashed hopes of a ceasefire. With @henryjfoy.ft.com on.ft.com/45T0uAF

New 🚨The European Commission plans to propose a new joint debt instrument to tap capital markets in times of crisis, as part of the upcoming EU budget. Read it in @financialtimes.com www.ft.com/content/2f12...

NEW: G7 countries reach an agreement that would see US companies exempted from a global taxation deal – in exchange of the US abandoning retaliatory actions against jurisdictions perceives as having discriminatory taxation

Ursula von der Leyen faces no-confidence vote over Pfizergate at the same time that she faces crumbling support from the liberals and left over a greenwashing directive, report my colleagues @andybounds.bsky.social + @alicemhancock.bsky.social www.ft.com/content/8162...

The 🇪🇺 commission is set to give equivalence to non-EU-issued stablecoins, disregarding ECB warnings that it may threaten financial stability. Story with @staffordphilip.bsky.social www.ft.com/content/97c7...

EU officials are considering using revenues from a new carbon tax on homes and petrol for the EU budget — a move that one EU official warned would be “completely toxic”. Scoop w/ @paolatamma.bsky.social @henryjfoy.ft.com on.ft.com/4e37WuV

EU mulls adding Russia to anti-money laundering list, under pressure from a majority of parliamentarians. Adding 🇷🇺 would likely result in approval of the list, which was voted down last year over the exclusion of 🇦🇪🇬🇮. Story w/ @andybounds.bsky.social www.ft.com/content/2fcd...

Welcome to Europe’s Trumpageddon. Over the next five weeks, the continent must negotiate existential questions over its security, defence and economy with the mercurial US President, as officials fear being forced into a grand bargain that leaves Europe weaker and more vulnerable on.ft.com/3FF7h6g

Bulgaria to join the €zone following years of delays and amid populist backlash. "We consider it a tangible sign of our European identity," PM Rosen Zhelyazkov told me. Story with Marton Dunai. www.ft.com/content/cfe4...

“Everything was built on the idea that Poland was going to reform fully when the president would be aligned with Tusk & if not things would be going sideways... Now things are going sideways” said @jakubjaraczewski.bsky.social Story w @paolatamma.bsky.social & @lauramdubois.ft.com on.ft.com/4kEoify

Polish electoral results, seen from Brussels: expect more friction with Warsaw over trade (Mercosur), rule of law (and connected cash flow) + a general sense of "what now?" With @henryjfoy.ft.com & @lauramdubois.ft.com bois www.ft.com/content/a5a6...

The European Commission and G7 member countries 🇮🇹🇩🇪🇫🇷🇬🇧🇨🇦want to lower to $45/barrell an existing $60 price cap on Russian oil - but 🇺🇸 isn't playing ball. Our scooplet in this morning's Europe Express, alongside @andybounds.bsky.social' tireless trade reporting. Sign up! www.ft.com/content/ef47...

To make sense of US/EU trade madness, the one person to follow is @andybounds.bsky.social. The man doesn't sleep. www.ft.com/content/1447...

EU to move on tobacco taxation under pressure from 15 EU countries & despite opposition from 🇮🇹🇷🇴🇬🇷. Scoop with @andybounds.bsky.social www.ft.com/content/21ca...

The EU commission will likely escalate Romania's excessive deficit procedure in June, in a move that would start a process to withhold Bucharest's EU Funds. Details of Dan's fiscal time bomb, with Marton Dunai, via @financialtimes.com www.ft.com/content/efa8...

EU cuts growth outlook as tariffs fuel uncertainty www.ft.com/content/fd16...

EU countries agree on a €150B defence loan scheme - the biggest sticking point had been participation of countries outside the EU, Ukraine or EFTA. The compromise struck allows third countries participation at up to 35% of contract value - a win for 🇮🇹🇩🇪 story with @henryjfoy.ft.com shorturl.at/FGwuq

The EU is preparing to apply much higher tariffs on Ukrainian imports within weeks, hitting Kyiv’s economy at a crucial time in its fight against Russian aggression, @andybounds.bsky.social and @paolatamma.bsky.social report. on.ft.com/4kj5q5R

#Pfizergate: the court ruled in favour of @nytimes.com saying EU commission did not explain why it could not find medsages von der Leyen exchanged with Pfizer CEO 👏 @matinastevis.bsky.social & @alexfanta.bsky.social for keeping EU commission accountable. ✍️ by @lauramdubois.ft.com shorturl.at/FJoak

Great chat with @paolatamma.bsky.social at the @taxobservatory.bsky.social this afternoon. It was great to see so many tax enthusiasts in the room. We had an in-depth exchange on CBAM, Pillar 1 and 2 and other top priorities on the taxation front.

All 👀 on deck Tue 9.30am as the EU court rules whether von der Leyen/Bourla texts ARE documents & need archiving: far from a philosophical Q! HUGE implications for transparency of EU institutions, as FOI extraordinaire @alexfanta.bsky.social explains. Follow our coverage via @lauramdubois.ft.com

🇪🇺 capital markets are the Sacred Graal: desirable yet elusive. But for many companies, the quest is no joke: „This isn’t just about start-ups,” BOLT CEO Markus Villig told me. “It’s about Europe’s place in the world.” Read on @financialtimes.com www.ft.com/content/e231...

🇪🇺Commission plans capital controls/trade as an alternative legal basis to ensure its sanctions against Moscow stay in place despite a threatened Hungarian veto. Scoop with @henryjfoy.ft.com & @alicemhancock.bsky.social www.ft.com/content/7f76...

Sign up to this event by @neweconomics.bsky.social if you want to hear about EU fiscal & monetary policy: is it fit for purpose? See you on May 15th

Hungary pilfering frozen EU funds through a loophole - @paolatamma.bsky.social EU foreign ministers meet UK's Lammy in Warsaw Solar industry rejects blame for the Iberian blackout - @alicemhancock.bsky.social all in today's @financialtimes.com Europe Express w @lauramdubois.ft.com on.ft.com/3GX9kTl

Europe Express, our Brussels-based Europe newsletter, has won best newsletter at World Association of News Publishers awards 🎉 Huge h/t to @henryjfoy.ft.com @lauramdubois.ft.com who put in the real hard graft to make it happen. Sign up here >> www.ft.com/europe-express

Trump's silver lining? The rapprochement of European countries (🇪🇺+🇬🇧 but also 🇳🇴 + potentially 🇨🇭🇹🇷) who feel threatened by turmoil unleashed by 🇺🇸 The EU and UK are seeking closer cooperation on defence, with a summit scheduled on May 19 in London - story w/ @henryjfoy.ft.com www.ft.com/content/34cc...

📢 Want to join the conversation? Join @guntramwolff.bsky.social @rosabalfour.bsky.social and @paolatamma.bsky.social as they discuss European rearmament at Bruegel's next event on Monday 14 April. ⏰ Sign up to attend in person, or follow the stream online with this link! buff.ly/Uvb5mq3

Germany warns against retaliating on US digital services after EU Commission President von der Leyen told @roulak.bsky.social, @henryjfoy.ft.com & @andybounds.bsky.social that the EU could tax Big Tech if no negotiated solution is found in the tariff war. www.ft.com/content/0ab1...

💥 EU could levy new taxes on Big Tech companies' digital advertising revenues if negotiations with Trump over trade tariffs fail, Ursula von der Leyen tells @financialtimes.com “It’s a turning point with the United States without any question... We will never go back" on.ft.com/429u02T

NEW💥: UK floats a new defence funding vehicle by a European "coalition of the willing" to jointly purchase and stockpile weapons, the treasury wrote in a paper we saw. By recording capital purchases on its books it would create fiscal headroom. Via @financialtimes.com www.ft.com/content/93d7...

NEW: We obtained new US proposal. The Trump admin is pushing to gain sweeping control over all of Ukraine’s major minerals and energy assets, while offering Kyiv no security guarantees, in an aggressive expansion of previous demands. w/ @paolatamma.bsky.social www.ft.com/content/896d...

Architects of the EU’s landmark artificial intelligence act have urged Brussels to halt “dangerous” moves to water down the rules, which would spare big US tech groups such as OpenAI and Google from key elements of the law. @melissahei.bsky.social & @bmoens.bsky.social www.ft.com/content/9051...

Dispatch from Kyiv: Ukraine urges the EU to renew barrier-free trade ahead of a June deadline - a sensitive topic for Kyiv's neighbours. It would be a ‘‘very wrong signal’’ if we do not reach some kind of agreement with the EU,” @SergiiMarchenk3 told me. www.ft.com/content/c04a...

The US is seeking new terms on a mineral deal with Ukraine, we're told, which would broaden it to other fields and nail down details of a joint investment fund. Story with @christopherjm.ft.com @benhallnews.bsky.social www.ft.com/content/88e4...

Don't necessarily agree with the conclusion but interesting thread on some overlooked aspects of new EU fiscal rules interpretation by the EU commission.

The EU is making a fresh push for capital markets integration, hoping to unlock trillions of Europeans' savings sitting idle in bank accounts, EU Commissioner Maria-Luís Albuquerque told me. Via @financialtimes.com www.ft.com/content/a0f8...

Brussels proposes joint weapons purchases - giving precedence to European-Made ones. Scoop with @henryjfoy.ft.com www.ft.com/content/2914...