EU Budget Talks Stall: What the MFF Deadlock Means for 2028
EU leaders left Brussels without an MFF deal. The Irish Presidency now faces a tight deadline to forge consensus by October 2026.
-
-
Hormuz Ceasefire Extension: What It Means for European Energy
A 60-day US-Iran ceasefire and Hormuz reopening sent Brent crude down $18. European markets, ECB policy, and OPEC+ all hang in the balance.
-
EU Budget 2028–2034: Cyprus Puts €1.73 Trillion on the Table
Cyprus has tabled the first MFF negotiating box with real figures, proposing a €1.73 trillion budget as leaders meet today.
-
EU’s €1.9 Trillion Budget Fight Begins Under Cyprus Presidency
The Cypriot presidency has released the first negotiating figures for the 2028–2034 EU budget, opening the bloc’s most complex financial battle.
-
EU ministers clash over CBAM suspension powers as policy goes live
Finance ministers meet to finalise carbon border tax expansion amid dispute over Commission’s emergency powers. First bills for 2026 imports due September 2027.
-
EU finance ministers resist Commission carbon border powers
Finance ministers meeting in Luxembourg have signalled opposition to granting the European Commission authority to suspend carbon border levies. The dispute threatens progress on extending CBAM scope.
-
Vujcic Takes Over as ECB Vice-President Days Before the Bank’s Pivotal 11 June Vote on a First Rate Hike
Croatian central banker Boris Vujcic begins his term as European Central Bank Vice-President on 1 June 2026, succeeding Luis de Guindos, just ten days before a Governing Council meeting at which markets expect the ECB’s first interest rate increase of the cycle as energy-driven inflation runs at 3%.
-
Brent Tumbles 4-5% as Iranian State TV Reveals Draft US Framework Deal — CAC 40 Closes Up 0.43%, FTSE 100 +0.13%, DAX Edges Lower
European equity markets traded mixed on Wednesday 27 May 2026 as Brent crude plunged 4-5% on news that Iranian state television had reviewed the text of a draft initial framework deal with Washington. The CAC 40 closed up 0.43% at 8,207.89, FTSE 100 finished +0.13% at 10,505.01, while the DAX edged 0.03% lower. The euro firmed to $1.0942 on stronger Ifo data.
-
Paris Stock Exchange Defies Whit Monday Holiday as CAC 40 Rises on Iran Diplomatic Breakthrough Signals
While Wall Street and the London Stock Exchange remained closed on Monday 25 May 2026 for Memorial Day and Spring Bank Holiday respectively, the Paris Bourse operated normally, with the CAC 40 futures gaining 0.7% on encouraging signals from US-Iran negotiations during the weekend.
-
EU Slashes Growth Forecast to 1.1% as Middle East Energy Shock Reignites Inflation Across the Bloc
The European Commission’s Spring 2026 Economic Forecast, published on 21 May, revises EU GDP growth down to 1.1% for 2026 from the 1.4% projected in Autumn, while inflation jumps to 3.1% – a full percentage point higher than previously forecast – as the Middle East conflict drives a new energy shock.
