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Tuesday, 1 July 2025
Economy

Why Donohoe is leading the race to fill his own job as Eurogroup head

Why Donohoe is leading the race to fill his own job as Eurogroup head

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Good morning. To start news: a fresh push for France is leading More joint European Union Loans As part of an attempt to make the euros more attractive on international markets and increase your profile as a global reserved currency.

Today our finance correspondent reported on a week -long race to lead Eurozone, and our climate reporter has some positive European Union bureaucracy news: Thanks to Brussels your new phone lasts longer!

There is a great weekend.

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The race to lead the eurozone has started officially, and it is to lose Irish adequate Paschal Donoho, Write Paola Tamma,

Reference: Finance ministers of the Euro region have to keep their names ahead for the job by next Friday, and will decide by majority votes – 11 magic numbers – in their regular meeting in July.

Once a high-profile post and the European Union’s role to deal with the Euro debt crisis, has become more as a coordinator of the Euro sector’s fiscal policy in recent years, seeking to lighten the consensus on major files with mixed bags of results.

An ambitious plan to fulfill the banking union was shot by a series of objections from large and small countries, and a more minor amendment of rules related to banks going into resolution has not yet been approved. Similarly, progress on the Capital Markets Union has recently decreased despite advancing the political agenda despite the recent political speed.

Five big countries – Germany, France, Italy, Spain and Netherlands – wrote in a paper viewed by the Financial Times, “The next Eurogrup President’s mandate will begin at a significant turn, which should be increased to these new challenges” and “Eurogrupa from both a macroeconomic and geopolitical point of view”.

He listed DOS and Dons for the next mandate – no overlap with more concentrated discussions, low meetings, and finance ministers’ EU27 assembly workstream.

Some signators are considering whether to enter the race themselves, while others are silent their choice.

The Eurogarup needed to be “more efficient”, Spain’s Carlos Korpo said, “The decision on candidature was not yet taken by adding Madrid.”

Germany’s Lars Klingbeil said in a similar way that “the federal government has not yet decided who it wants to support”.

Officers and French and Italian finance ministries said they cannot express priority at this time.

A dark horse candidate can emerge – Lithuania’s Rementus šadžius decided to throw his hat in the ring, if there was anything to gather social democratic votes around the table; Belgian’s Vincent van Pategham, another conservative, can also enter the race if he can gather enough support.

However, the two -time Eurogrup president Donoho says he “welcomes the strong level of support from several colleagues at this time,” and seems to be unrelated to rival dialects that are reaching 11 votes.

“We have extra with something!”

Chart du Magazine: Spike

Oil hit $ 79 per barrel for the first time yesterday as Israel attacked Iran last week, as a struggle in the Middle East Continues moving forward,

Excited

Happiness if you are buying a new smartphone in the European Union. From today, it should be stronger and a long batsman should be life, Write Alice Hancock,

Reference: The new European Union’s rules came into force as part of the overrching green deal climate law of the block last year to control the design of products.

The law makes energy efficiency measures and labels that you can get acquainted with your washing machine or boiler with specific measures for different types of products. Smartphones are one of the first groups under their rule.

To date, all smartphones and tablets sold in the European Union should be able to charge 800 perfect fee keeping 80 percent of their original battery capacity.

The smartphone will also have to be able to avoid at least 45 casual drops. And the manufacturers will have to provide software updates for at least five years in an attempt to prevent employed untouchability.

Matthew Rama, Senior Program Manager of Environment NGO ECOS, said that this means that the smartphone and tablet should be “longer longer and should be easy to repair” – “Some we can really celebrate”.

However, it is not an endgame for permanent smartphone design. Smartphone manufacturers will also have to prepare for the battery regulation to be implemented in 2027, which will force them to ensure that the battery can be extracted from your phone and replaced.

What to see today

  1. French, German, British Foreign Minister and Chief diplomat of European Union Meet his Iranian counterpart in Geneva.

  2. European Union Finance Minister Meet In Luxembourg.

  3. Poland’s Prime Minister Donald meets Donald Task at Roberta Matsola Warsaw, President of European Parliament.

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