Topic
Politics EU Italy

France pushes eurobonds, Germany resists

8m

EU leaders met at a moated castle in eastern Belgium and clashed over how to boost competitiveness, with France pushing eurobonds and "Buy European" measures while Germany resisted.

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Antonio Costa was once a socialist, a shorthand for understanding capitalism first, and then reform/revolution.

this deregulation push is nuts. it wont work, because we are not in the 1990s neoliberalism, but a world of heavy state intervention and transformative ambitions.
If the aim of European policy was wellbeing of the people rather than merely competing against others, conclusions and solutions would probably diverge a lot from more and more #deregulation, and more and more military spending www.ft.com/content/53df...
EU needs a ‘big bang’ on regulation, says top official
European Council president António Costa blames national capitals for inertia that has left economy trailing China
www.ft.com
February 12, 2026 at 7:55 AM

Reposted by Daniela Gabor

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If the aim of European policy was wellbeing of the people rather than merely competing against others, conclusions and solutions would probably diverge a lot from more and more #deregulation, and more and more military spending www.ft.com/content/53df...
EU needs a ‘big bang’ on regulation, says top official
European Council president António Costa blames national capitals for inertia that has left economy trailing China
www.ft.com
February 12, 2026 at 7:49 AM
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The plan remains to get the MFF agreed before the years end, that means before the regular deadline in order to avoid running directly into the French presidential elections. Usually an MFF takes at least one failed summit and one marathon summit. Still remain sceptical this will work though.
EU leaders plan to discuss the next budgetary framework over three or four summits, including one specifically devoted to the issue if necessary 🥵🥵🥵
February 12, 2026 at 7:45 AM
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Reposted by Ben Tonra

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Bundesbank urges eurobonds, Germany objects

Bundesbank chief urged EU leaders at an Antwerp competitiveness summit to endorse common European debt (eurobonds), a proposal Germany’s government opposed.

With replies by 🎓Isabel M. Schnabel, 🎓Benjamin Braun, 🎓Laurent Pech +13 more scholars.
Bundesbank urges eurobonds, Germany objects
Replies by 🎓Isabel M. Schnabel, 🎓Benjamin Braun, 🎓Laurent Pech, 🎓Jussi T. Eronen, 🎓Ulrich Speck +11 more scholars
www.lightnews.app
February 12, 2026 at 6:41 AM

Reposted by Ben Tonra

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This (missing) national planning exercise is the mirror to the EU Council debate about fixing the fragmentation of Europe’s services market and capital market to allow EU growth, stimulate domestic consumption rather than export growth, and compete with U.S., China.
February 12, 2026 at 6:33 AM
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“Although she has yet to say which other areas [beyond removing barriers to trade in established industries e.g. chemicals] she would like to see covered by the new approach, Reeves has told colleagues that an EU-UK summit later this year should identify new workstreams.”

www.ft.com/content/98e5...
Reeves to limit deregulatory drive as she seeks closer UK ties with EU
UK chancellor says Britain prepared to align with Brussels’ rules to try to boost trade with the bloc
www.ft.com
February 12, 2026 at 6:29 AM