EU-African Union summit: Economic issues and money on the table
19 February 2022 | 6:35 am
European Union leaders are meeting with their counterparts from the African Union in Brussels this Thursday. Several major economic issues will be discussed, including the €150 billion investment plan promised by EU Commission President Ursula von der Leyen. Ahead of that gathering, French President Emmanuel Macron promised a deal on reallocating of up to $100 billion of International Monetary Fund finance to African countries. Also today, we bring you the latest on the fuel shortage crisis in Nigeria.
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Sri Lanka's financial woes have caused severe food and fuel shortages, runaway inflation, and prolonged blackouts. The resulting public outrage forced then-president Gotabaya Rajapaksa to flee the country and resign.
Following an EU-hosted donors conference, the bloc says it will fund humantiarian assistance, but not full-scale reconstruction in Syria.
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Berlin wants last-ditch changes to the landmark EU law spelling the demise of the combustion engine from 2035. It’s not a good look on the international stage, observers in Brussels warn.
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France, Germany face off on EU's 2035 internal combustion car ban. In this edition: Germany seeks an "e-fuels" exemption to the EU's ban on the sale of new petrol and diesel cars after 2035, while France pushes for an all-electric transport future.
Talking Europe speaks to the European Commissioner for Jobs and Social Rights, Nicolas Schmit. With anger growing in France about the government's push to increase the retirement age from 62 to 64, and the EU facing an ongoing cost-of-living crisis, his portfolio is very much in the spotlight – including recommendations to encourage a Minimum Income for all.
The EU's ambition is to turn hydrogen from a polluting niche market to a clean mass market. Renewable hydrogen is seen as crucial for Europe to meet its international climate commitments, and to limit its dependence on natural gas providers, be that Russia or other countries.
Germany's foreign minister says the door to EU candidate status is "wide open" for Georgia. But she stressed the Caucasus country would first need to implement reforms to address concerns over democracy.
While European bank shares have slumped, EU leaders are not worried. But they warn to "never be complacent."
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