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“European Political Community” project from the EU

“European Political Community” project from the EU


President of the European Council Charles Michel, President of the EU Time period President of France Emmanuel Macron and President of the EU Fee Ursula von der Leyen held a press convention at the finish of the EU Leaders’ Summit.

Michel said that the first challenge addressed in the second a part of the summit was the “European political neighborhood”.

There shall be no various to EU enlargement

Underlining that this isn’t a substitute for the enlargement of the EU, Michel said that they are going to maintain a gathering to debate this challenge throughout the Czech Presidency after the summer time.

Macron additionally stated that from Iceland to Ukraine, the European Financial Space nations, the nations which have joined the EU and wish to turn out to be a member of the EU, and the Western Balkans nations that haven’t but obtained candidate standing shall be invited.

In the closing declaration of the summit, it was said that the European political neighborhood might embody all European nations with which the EU has shut relations, and that it might function a political coordination platform to strengthen the safety, stability and prosperity of the continent.

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Financial measures

Based on AA; Stating that the second challenge is the inflation in power and meals costs resulting from the struggle began by Russia in Ukraine, Michel stated, “Banking Union” and “Capital Market Affiliation” said that it’s amongst the priorities of the institution.

Michel introduced that the resolution of Croatia’s inclusion in the eurozone as of January 1, 2023 was additionally accepted by the leaders.

Von der Leyen additionally stated that each one member nations reviewed their nationwide emergency plans at the summit in the face of inflation, “widespread European emergency demand discount plan” He stated they have been engaged on it.

Underlining that the fundamental drawback is dependence on fossil fuels, particularly fossil fuels bought from Russia, von der Leyen stated that they’re evaluating completely different choices to exchange 150 billion cubic meters of fuel (the quantity purchased from Russia final 12 months) with different sources.

Von der Leyen said that nations corresponding to Azerbaijan, Norway, Egypt, Israel and Algeria have began to extend their fuel flows to the EU, they usually perceive that the EU is a vital buyer.

The President of the European Fee reminded the goal of decreasing Russian oil by 90 p.c by the finish of the 12 months.

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