European Union
Spain joins Ukraine support document after exclusion from Washington group
The Spanish government initially downplayed a Ukraine support document signed by European leaders from the 'Washington group', but within two hours requested to join it at Ukraine's request. Pedro Sánchez was not part of the core group that accompanied Volodymyr Zelensky to the United States last summer. The text responds to Donald Trump's positions on the war and emphasizes respect for Ukrainian borders.
RN reverses position on anti-immigration text in European Parliament
The Rassemblement National (RN) group in the European Parliament has made an unexpected reversal on a text aimed at combating irregular immigration. Initially opposed, the party ultimately chose to abstain during the vote. This decision surprises amid political tensions in France and Europe.
ECB adopts transitional provisions for Bulgaria's euro reserves
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The European Central Bank has set transitional rules for minimum reserve requirements as Bulgaria prepares to adopt the euro on January 1, 2026. These provisions aim to smoothly integrate Bulgarian banks into the Eurosystem without undue burden. The decision follows the ECB's Executive Board adoption on September 23, 2025.
Egypt's Al-Sisi arrives in Brussels for first EU-Egypt summit
Egyptian President Abdel Fattah Al-Sisi arrived in Brussels on Tuesday for the first-ever EU-Egypt summit, aimed at deepening the strategic and comprehensive partnership between the two sides. The summit, set for Wednesday, October 22, will focus on economic cooperation and regional challenges. It marks the culmination of the partnership launched in Cairo in March 2024.
Spain Revises 2024 Economic Growth Upward to 3.5 Percent
Spain's national statistics institute has revised its estimate for the country's 2024 economic growth to 3.5 percent, citing stronger-than-expected performance in key sectors. This upward adjustment reflects robust domestic consumption and tourism recovery, signaling optimism amid broader European economic challenges. The revision comes as policymakers grapple with inflation and global uncertainties.
Lagarde addresses euro's international role at EU parliament hearing
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European Central Bank President Christine Lagarde spoke before the European Parliament's Committee on Economic and Monetary Affairs on October 6, 2025, highlighting the euro area's economic resilience amid global uncertainties. She outlined growth and inflation projections while emphasizing the need to strengthen the euro's global standing. Lagarde called for reforms to enhance Europe's economic foundations and geopolitical position.
BBVA president willing to maintain lawsuit against government
Carlos Torres, BBVA's president, is inclined to proceed with the lawsuit against the Spanish government for interventionism, even after the OPA on Banco Sabadell failed. He argues that the Council of Ministers' decision on June 24 is not in accordance with the law and constitutes an overreach on principle. Sources close to the matter confirm his stance, though no final decision has been made.