European Economic Area

Reverting to fiscal discipline

The European Union member-states, including Greece, are returning to fiscal discipline after four years of the Stability Pact's suspension, due to the Covid-19 and energy crises. This is according to the agreement reached on Saturday between the European Council and the European Parliament on new EU fiscal rules.

EU Commission signs 400 million euro earthquake aid package

Deputy Foreign Minister Mehmet Kemal Bozay and EU Commissioner for Cohesion and Reforms Elisa Ferreira signed the official authorization agreement for a 400 million euro aid package to be provided to Türkiye through the EU Solidarity Fund for the region affected by the Feb. 6 earthquakes last year.

Orban Folds: EU Approved €50 Billion Deal For Ukraine

Today, EU leaders reached a rapid consensus on a €50 billion support package for Ukraine, breaking a deadlock that threatened crucial financial assistance for Kyiv. The breakthrough came after Hungarian Prime Minister Viktor Orbán, who had been obstructing the release of funds, conceded during intense negotiations at the extraordinary summit.

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