World
MEPs vote in favour of including energy measures in recovery plans
The European Parliament accredited on Thursday a draft legislation that will permit for billions of euros to be redistributed in direction of a plan to make the European Union unbiased of Russian fossil fuels.
The plan, named REPowerEU, was proposed by the European Fee earlier this yr to put money into new vitality saving measures, increase clear vitality manufacturing, and diversify vitality provide amid a disaster fuelled by the struggle in Ukraine.
The parliament overwhelmingly endorsed by a vote of 471 to 90 having EU governments amend their COVID-19 restoration plans to incorporate measures to save lots of vitality whereas amending the proposal to prioritise investments to deal with vitality poverty for weak households and small firms.
“It was adopted with a really giant majority. This reveals the significance of this laws and the united place of this home,” mentioned European Parliament President Roberta Metsola.
“It additionally reveals that each obtainable euro should be used to assist member states to deal with the vitality disaster. The clear message from the parliament…is that we want this laws now.”
The parliament agreed that the EU ought to redirect the unused loans left within the pandemic-era Restoration and Resilience Facility (RRF), price round €225 billion, into REPowerEU.
Lawmakers additionally need an extra €20 billion in grants, proposed by the Fee, to return from an earlier auctioning of carbon emission allowances underneath the EU Emissions Buying and selling System.
States have to submit new plans to unlock the cash underneath REPowerEU, which goals to mobilise as much as €300 billion in low-interest loans and grants earlier than the top of the last decade.
Romanian MEP and co-rapporteur Siegfried Muresan informed Euronews that addressing vitality poverty ought to turn out to be one of many principal goals in nationwide programmes.
“This will likely be performed by investments, which can improve our vitality effectivity and, in flip, will carry down prices for vitality payments, for households and firms,” he mentioned.
Muresan, a member of the centre-right European Folks’s Celebration, mentioned nevertheless that he doesn’t assume the funds needs to be used for direct transfers to assist weak residents.
“The RRF is a performance-based mechanism, whereby funding is allotted for measures based mostly on the completion of sure milestones and targets,” he defined.
“There are different EU devices which intention at offering assist to weak residents, such because the Fund for European Assist for the Most Disadvantaged which helps actions to offer meals and/or fundamental materials help.”
finance assist for weak households?
Of their final summit in Brussels, EU leaders requested the Fee to provide you with new proposals “to guard households and companies, particularly probably the most weak in our societies.”
Germany lately got here underneath hearth for asserting a €200 billion bundle to assist residents and enterprise to deal with the vitality payments, as different EU nations don’t have the fiscal house to take action.
The German bundle raised fears of unfair competitors and fragmentation within the single market.
“REPowerEU is about investments, and so it might higher stay like that. Help to weak households and companies would higher be engineered through totally different schemes,” mentioned Simone Tagliapietra, an skilled in vitality coverage on the Brussels-based financial assume tank Bruegel.
Tagliapietra mentioned one possibility can be to observe the mannequin of SURE — an EU programme that supported short-term employment schemes and saved folks in jobs in the course of the pandemic.
SURE was funded by an issuance of €100 billion in social bonds, however Muresan doesn’t agree that it needs to be a part of the answer.
“SURE was adopted at a special time and in several circumstances. There are ongoing discussions, however in comparison with the pandemic, the EU has performed many issues as effectively throughout this disaster, equivalent to securing fuel provide whereas chopping demand, or mitigating the consequences of excessive vitality costs on households and companies. We must see how the present disaster evolves and what different measures would be the wanted,” he mentioned.
The European Parliament additionally known as on the Fee to establish further sources to enrich the financing of REPowerEU actions, equivalent to offering the flexibleness to make use of unspent EU funds, notably from the 2014-2020 finances.
Tagliapetra agrees that this could possibly be an alternative choice “to create an EU Vitality Disaster Response Fund.”
“To be credible, further sources would have to be added, through joint EU borrowing,” he mentioned.
However the thought of joint EU borrowing, which might come on prime of the €750 billion from COVID-19 restoration fund and REPowerEU, is predicted to be met with opposition from frugal EU nations.
“We should always quite give attention to the best way to repay the debt (from the restoration fund) quite than to create further one,” added Muresan.
“As a way to immediately assist households and firms, Member States can use their nationwide budgets and arrange such assist schemes for probably the most weak customers, because the EU Price range is mostly an funding instrument,” the MEP added.
However nations battling slim budgetary margins to deal with the continuing disaster could desire a new and sturdy widespread EU answer, particularly contemplating the rising risk of a recession.
World
Lithuanian FM warns Russia can do 'so much damage to its neighbors'
UNITED NATIONS, New York – Lithuanian Foreign Affairs Minister Gabrielius Landsbergis shared with Fox News Digital his perspective as someone on the border of the Ukraine invasion, including concerns Russia can do “so much damage” even as its power wanes.
“In 2014, before the first war in Ukraine, people in the U.S. and … Western leaders would say ‘Russia is going down, it’s on its way down, its regional power – it’s not a global power anymore, its influence is waning,’” Landsbergis said. “But on its way down, it can do so much damage to its neighbors.”
“It’s not the right assessment,” he added, saying that even if Russia were declining as much as Western leaders think, the death “convulsions” of such a great power could “last for decades.”
“Who knows when or how it would stop … it’s a very difficult thing to imagine, to predict,” he said.
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Lithuania has remained one of the most vocal nations in Eastern Europe throughout Russia’s aggression against Ukraine, even before the 2014 invasion of Crimea. Part of that has been to proudly embrace NATO’s role on the continent.
While Lithuania fell far below the 2% required expenditure on defense in 2014, by 2021 – a full year before the invasion of Ukraine started – Lithuania had met the requirement and only continued increasing its defense expenditure.
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Lithuania in 2023 hit 3.2% expenditure, making it one of the highest-spending (by percent of GDP) members of NATO after only Poland, the U.S., Greece and Estonia.
Landsbergis used this – and the general increase in defense spending among NATO members over the past two years – to argue that European countries have proven their ability to “muster strength” and stand up to a power of Russia’s size.
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“Even the biggest critics should have to admit that more than $100 billion, now … I mean, it’s huge. Nobody really could have predicted that Europe would be able to do that,” Landsbergis said.
“The question is: Is that enough? And does that forbid such action against your neighbor like Ukraine to be repeated in the future?” he said. “This is where we see a problem that Europe needs to grow because every industry in Europe needs to step up with its spending towards defense.”
When pressed on whether Europe lacks clear leadership or has stagnated in recent years, Landsbergis disagreed but acknowledged that the union has room to improve.
“The union is structured with 27 members and each with a veto, right?” Landsbergis noted. “It’s difficult to have a smooth process that doesn’t require a lot of debate or consensus building.”
“This is the way that we are currently at this juncture. There’s talk about the need for reform,” he added. “I think that it … will be happening. Europe has to adapt to the new requirements of this age and time, and maybe the principles change as well.”
World
Former Netanyahu rival Gideon Saar joins Israeli cabinet
The move will boost the prime minister’s governing coalition domestically as Israel attacks countries across the region.
Israel’s Prime Minister Benjamin Netanyahu has announced that his former rival Gideon Saar is joining the Israeli cabinet, a move that will boost the government coalition and bolster its support in the country’s parliament.
The hawkish Saar will serve as a minister without a portfolio, the prime minister said on Sunday.
Saar’s inclusion in the government coalition takes its support in the 120-seat Israeli parliament from 64 to 68, weakening the de facto veto power that far-right parties have over the cabinet.
The move comes as Israel intensifies its attacks on Lebanon, Gaza and across the Middle East in what is increasingly looking like a wider regional war.
Saar had been one of Netanyahu’s most vocal critics in recent years, but the Israeli prime minister suggested that the two politicians have been on the same page since the start of the war on Gaza.
“Gideon accepted my request and agreed to return to the government,” Netanyahu said in a joint statement, as reported by the Israeli newspaper Haaretz.
“During security cabinet discussions, I was deeply impressed by Saar’s broad vision and his ability to offer creative solutions to complex problems. On more than one occasion, we have seen eye to eye on the necessary actions. It’s no secret that we’ve had our differences in the past, but since October 7, we have both put all past grievances behind us.”
For his part, Saar said described the decision to join the government as “the patriotic and right thing to do now”.
“At this time, it is crucial to strengthen Israel, its government, and the unity and cohesion within it,” he said.
Earlier this month, Israeli media reported that Netanyahu was considering replacing Defence Minister Yoav Gallant with Saar. Haaretz and Ynet also reported that Saar and Netanyahu were jointly going to pick the new Israeli army chief to replace Herzi Halevi.
A former lawyer and journalist, Saar was first brought into politics 20 years ago by Netanyahu, who made him his cabinet secretary during his first term in office.
He was considered a rising star in Netanyahu’s Likud Party and one of the few independent voices in a party that has largely been synonymous with the prime minister and his policies.
Saar defected from Likud after unsuccessfully challenging Netanyahu for the party’s leadership. Late in 2020, Saar formed his own political movement – dubbed New Hope.
Expanding the government will likely strengthen Netanyahu by making him less reliant on other members of his coalition.
World
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