EU is facing decisive reforms: Focus on competition and sanctions!

EU is facing decisive reforms: Focus on competition and sanctions!

The current discussions of the EU finance ministers focus on critical issues such as the Austrian budget deficit and the implementation of the measures to avoid deficit procedure, which remains on the agenda after the coalition talks of FPÖ and ÖVP in Brussels. According to vienna.at in the spring, the European Commission will re-evaluate the budget, based on the results of 2024 and the planned fiscal measures, which will have to be presented by the end of April. The focus is also on Hungary's austerity measures for which a deficit procedure has already been initiated.

changes in the law in competition and sanctions against Russia

Another central point is the “competition compass”, which is presented by the EU Commission to make Europe more competitive. Various laws are to be loosened and dependencies are to be reduced. Critics warn that this could go at the expense of the environmental and climate network, while the first proposals are expected by the end of February, presseportal.de .

The discussion about the 16th sanction package of the EU against Russia, which is put together in response to the continuing war against Ukraine, is also on the agenda. These measures will be presented on the occasion of the third anniversary of the Russian war of aggression on February 24th. In addition, the European Commission will also address the increased tariffs proposed by President Trump on imports from different countries, which could ensure tensions in international trade.