Eurozone News
LAST UPDATE: June 14, 2025
Germany wants next EU budget to focus on defence
Germany is pushing for the upcoming EU budget (2028–34) to allocate greater funding to defence and security, aiming to support joint military capabilities and signals .
Insight
Berlin’s proposal signals a shift in EU priorities towards strategic autonomy. It underscores Germany’s leadership role and may prompt broader consensus on shared defence spending.
Dutch pick Olaf Sleijpen as new central bank president
The Dutch government appointed Olaf Sleijpen (former Rabobank executive) as the next president of the Dutch central bank (DNB), effective November 2025, succeeding Klaas Knot .
Insight
Selecting a private-sector veteran suggests DNB may lean toward pragmatic oversight and financial innovation. His leadership could influence Dutch and broader Eurozone monetary viewpoints.
Senior ECB Official Says Trump Can’t Derail Agenda on Climate
ECB governing council member Isabel Schnabel said the ECB’s climate-focused banking agenda is not deterred by U.S. political shifts, referencing Trump. She emphasised ongoing integration of climate risk into regulation .
Insight
This signals ECB’s determination to embed climate risks into financial regulation, independent of external political pressures. It reinforces Europe’s role as climate policy pioneer.
Dutch sign up to NATO spending target
Dutch leaders confirmed the Netherlands will meet NATO’s defense spending guidelines, with updated targets to be disclosed soon .
Insight
Fulfilling NATO budget pledges boosts alliance solidarity and reflects the Netherlands’ intent to share the burden of collective defence amid geopolitical uncertainty.
Spain economy minister urges fair, balanced EU-US tariff deal
Spain’s Economy Minister Carlos Cuerpo emphasized in a June 12 interview that any upcoming EU–US tariff deal must be “fair and balanced.” He noted considerable progress but highlighted significant differences as the July deadline approaches (business.inquirer.net, patientcareonline.com).
Insight
The remarks reflect Spain’s push for equitable trade terms that protect key domestic sectors like automotive and agriculture. With the July 9 deadline looming, it underscores the political and economic urgency driving both Brussels and Washington.
