- Germany, the EU's largest economy, has entered a recession, with a 0.3 percent drop in GDP in the first quarter of the year.
- The recession is expected to ripple effect on other European countries and exacerbate political tensions within Germany's ruling coalition.
- Economy Minister Robert Habeck warned of brutal budget cuts of up to €22 billion next year.
- The downturn in Germany is driven by low consumer spending and rising interest rates, dampening investment outlook and demand.
- The recession will likely slow Germany's decision-making process on key EU policy questions.
- The economic downturn is also expected to impact neighboring countries in Central Europe, eastern France, and parts of Italy.
- Hungary's upcoming European Council presidency is being canceled due to rule-of-law issues and ongoing Article 7 proceedings.
- The European Parliament proposes measures to sideline Hungary's presidency if the Council fails to act.
- China is influencing Western European countries through direct propaganda and covert funding of institutions.
- Support for EU and NATO membership has increased in Central and Eastern European countries following Russia's invasion of Ukraine.
- European Council President Charles Michel is facing criticism for his carbon offsetting scheme, seen as greenwashing.
- Eva Kaili, a primary suspect in a corruption probe at the European Parliament, is no longer under house arrest.
- Local elections in Spain are seen as a dress rehearsal for the upcoming national election.
- A report by the GLOBSEC think tank highlights growing concerns about Russia's influence and a lack of awareness about China's influence in the region.
- The European Political Community (EPC) is seen as a return to an older idea of Europe, uniting countries based on a shared territory.
- The Porto Social Forum discusses the social dimension of EU governance, including combating homelessness and youth unemployment.
- POLITICO is hosting a Twitter Space to discuss the U.S. debt ceiling crisis and its impact on Eurodollar markets.
- The New European Bauhaus Collateral Event at the Venice Biennale continues, featuring speeches by Commission President Ursula von der Leyen and Commissioner Elisa Ferreira.
- European Parliament President Roberta Metsola is visiting Vienna, Austria, for meetings with government officials.
- Commission Executive Vice President Frans Timmermans is in New Delhi, India, for meetings.
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