EU News
Canada ‘associate membership’ spurs battle of words with EU capitals
Germany, Italy, France and Greece objected to a draft EU-Canada declaration that cites von der Leyen’s ‘associate membership’ offer, as the member states fear legal uncertainty and a precedent for other third countries ahead of the Montreal summit on Thursday and Friday.
Europe News
EU ends anti-corruption funding curbs on Hungary, freeing €4.2bn
The Council of the EU has ended the 2022 conditionality mechanism imposed on Hungary over corruption risks, releasing €4.2 billion and restoring access to Erasmus+ and Horizon Europe after Péter Magyar’s new government adopted anti-corruption reforms.
Economy
EU debt could hit €1 trillion by 2027, auditors warn
EU auditors said 3.8% of the bloc's spending last year breached funding rules, warning that borrowing could hit €1 trillion by 2027 and that the next long-term budget risks repeating the flaws of the COVID-era recovery fund, as the Commission defended its controls.