EUR News
LAST UPDATE: July 19, 2025
Sefcovic held ‘intensive’ trade talks in Washington, spokesman says
EU Trade Commissioner Šefčovič had intensive discussions with US counterparts to finalize a trade deal and prevent looming US tariffs.
Insight
This reflects urgent efforts to resolve a US–EU trade standoff before tariff implementation, emphasizing last-minute diplomatic negotiations.
Germany, Netherlands, Sweden oppose EU common borrowing
These countries rejected the European Commission’s proposal for €2 trillion common borrowing in the 2028–34 budget during G20 talks.
Insight
Northern EU nations remain wary of joint debt, preferring alternative fiscal tools to avoid long-term liability sharing.
Germany and EU allies push for asylum crackdown and more deportations
Interior ministers from six EU states agreed on tighter asylum rules, faster deportations, offshore processing, and using aid leverage.
Insight
Reflects rising nationalist influence, shifting EU policy toward stricter migration control at the expense of humanitarian norms.
Bank of England scrutinizes lenders for dollar risk amid Trump worries, sources say
The BoE has asked banks to model stress scenarios for a dollar liquidity shock, prompted by uncertainty over US Fed independence and Trump’s policies.
Insight
Proactive measures to guard UK banks against disruption in dollar markets highlight wider caution over global dollar reliance.
Romanian central bank unanimously voted to hold interest rate at July meeting – minutes
Minutes revealed the central bank unanimously kept the policy rate at 6.50% on concerns regarding tax hikes and controlled inflation.
Insight
The decision shows policy commitment to stability, avoiding premature cuts amid fiscal uncertainties.
