ENERGY CRISIS
The EU and the US are likely to settle for a loosely policed cap at a higher price than the stricter system once envisioned. The shift in US thinking comes after officials spent months pressuring the bloc to amend its sanctions on Russian oil and is likely to add to EU frustrations. Brussels already believes the US has placed more emphasis on bolstering global oil supplies and hasn’t always been as prepared as Europe to take an economic hit to punish Russia.
Putin has said Russia won’t sell oil to anyone who participates in the US-EU price cap.
Russia took in an estimated $15 billion from oil sales in September, helping to fuel its war machine in Ukraine - a flow of money that US and European leaders have sought to curb ever since Russian President Vladimir Putin ordered his invasion. - Bloomberg - Brussels edition
The European Union Agency for the Cooperation of Energy Regulators (ACER) called, on Tuesday 25 October in a press release, for solidarity among European countries during the coming winter to maintain the flow of electricity and gas across the borders of EU Member States. - AGENCE EUROPE
> More here.
WAR IN EUROPE
Russia conducted its first major nuclear drills since the start of its war in Ukraine. President Vladimir Putin argued that Kyiv was seeking to develop a “dirty bomb”, in what Ukrainian officials see as attempts to bully western allies into stopping the flow of weapons.
>Russia's invasion of Ukraine in maps - latest updates - Financial Times
ECB
Despite growing economic problems in the eurozone, the ECB’s governing council is on Thursday expected to raise borrowing costs by 0.75 percentage points to 1.5 per cent — pushing the deposit rate to its highest level since January 2009. Inflation in the euro area hit 9.9 per cent in the year to September.
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Quel temps fera-t-il cet hiver? Réponse du Service Copernicus de surveillance de l'atmosphère.
L’hiver sera un peu plus doux que la moyenne. Les précipitations seraient « neutres à légèrement déficitaires ». Pas de vague massive et prolongée de froid en vue.
>Plus ici, avec RTBF.
EU COHESION - COHESION POLICY
ENERGY
ENLARGEMENT
EU INSTITUTIONS
This week, we take look at the future of Party politics, taking on different examples in the European Union. On one hand, center-right parties are struggling to maintain consensus (it was a hard week for British Tories), and the historic center-left parties aren't doing as well either, as seen in the rise to government of Italian far-right party Brothers of Italy. Indeed, how do far-right parties behave when they switch from their opposition role to a governing one? Find and article on Meloni framing climate change as a right-wing issue. What is more, "Macronism" might be wavering in France.
Discourse on party affiliations in the European Parliament has intensified as well. Presidents' of the European Left Manon Aubry and Martin Schirdewan respond, with the op-ed linked below, to an op-ed previously published on EUobserver by European People's Party (EPP) MEP Romana Tomc. It also responds in part to this opinion article published on Politico 10 October, written by EPP Secretary-General Thanasis Bakolas.
Discover this fascinating book about "Ikigai", the Japanese secret to a long and happy life. García and Miralles investigate the places in the world with highest longevity rates. For Okinawans, "finding their ikigai means people integrate their passions into their work and personal lives, filling them with joy and meaning, and extending their lives. "
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