Eurozone News
LAST UPDATE: July 23, 2025
Ireland to spend big budget surplus on infrastructure
Ireland plans to direct its substantial budget surplus into long-term infrastructure, targeting housing, green energy, and transport systems.
Insight
The shift from fiscal caution to investment suggests a strategic pivot. Better infrastructure could support sustainable growth and regional competitiveness.
Giorgia Meloni’s drive to reform Italian judiciary clears Senate hurdle
Meloni’s government cleared a Senate vote on judiciary reforms aimed at speeding legal processes and limiting judges’ activism. Critics warn of threats to judicial independence.
Insight
The move demonstrates political will to address Italy’s systemic inefficiencies. Success depends on balancing reform with preserving checks and democratic norms.
France’s EDF to withdraw from some overseas projects, cut jobs
EDF plans to exit select overseas projects (in Poland, India, Canada), cut ~60 overseas jobs, and sell some renewables assets in North America and Brazil to focus on domestic nuclear under new CEO Bernard Fontana. (Bloomberg.com)
Insight
EDF’s pivot reflects cost-cutting and a return to core operations. While it mitigates financial pressure, it opens opportunities for global competitors in emerging markets.
