European Central Bank Vice President Luis de Guindos highlighted that trade tensions, elevated funding costs, and sluggish economic growth continue to pose significant risks to the euro area's financial system.

The European Central Bank aims to finalize the political framework for a digital euro by early 2026, with a potential launch two to three years thereafter. This initiative seeks to reduce Europe's reliance on U.S. payment systems.

Germany anticipates a reduction in tax revenues by over €80 billion between 2025 and 2029, attributed to economic downturns and planned tax relief measures.

Italian Prime Minister Giorgia Meloni plans to further reduce payroll taxes in the upcoming budget, aiming to alleviate the tax burden on workers and stimulate economic growth.

Belgium's parliament has voted to abandon its planned nuclear power phase-out, allowing for the continued operation of nuclear reactors beyond 2025.

Portugal is heading to its third general election in as many years, with citizens expressing fatigue over political instability. The center-right Democratic Alliance leads in polls but may not secure a majority, potentially leading to continued legislative gridlock.

French President Emmanuel Macron engaged in his first conversation with the newly elected pope, emphasizing the importance of peace and collaboration between France and the Vatican on global issues.