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Speech by President von der Leyen at the European Parliament plenary debate on the EU strategy in response to the ongoing Middle East crisis, its implications on energy prices and the availability of fertilisers

· Ursula von der Leyen, President of the European Commission (European Union)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, payments, digital money and crypto-assets, climate, energy and nature, public finances and debt

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· Ursula von der Leyen Wiki · European Commission WikiSpeech by President von der Leyen at the European Parliament plenary debate on the EU strategy in response to the ongoing Middle East crisis, its implications on energy prices and the availability of fertilisers

ContextSpeech by the President of the European Commission at a European Parliament plenary debate, after an informal summit of EU leaders.

Why it mattersSets out the EU's plan against the Middle East energy and fertiliser shock, including support for Ukraine and the budget's role.

Problems raised
  1. The Middle East crisis raises energy and fertiliser prices.
  2. Europe needs to fund new priorities.
  3. NextGenerationEU repayments start in 2028.
Solutions proposed
  1. Disburse the EUR 90 billion loan to Ukraine.
  2. Use the EU budget to de-risk and crowd in private capital.
  3. Invest in competitiveness while keeping national contributions in check.
Read full speech on ec.europa.eu ↗

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