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17
May 2026
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Half a billion from defense spending freed up for benefits – Outcome of Athens-Brussels negotiations

Half a billion euros in defense spending is being repurposed to create fiscal space for new benefits. This amount will be added to the budget margin expected to open up toward the end of this year, allowing the government to finance permanent support measures and tax cuts

EU agrees to retaliate against China over medical materials

The Chinese Chamber of Commerce in the EU expressed its disappointment with the measure

Commission sends a warning signal on water supplies & urges member states to reduce consumption by 10%

The risk of water scarcity in Athens - Continuous drought in Cyprus and Southern Europe - The 10% target will not be binding - Increasing the percentage of recycled water is essential

The EU organizes firefighting teams and aircraft fleet for countries at risk, such as Greece

Greece will receive four medium amphibious aircraft and Cyprus two light aircraft – Nearly 650 firefighters from 14 European countries will be strategically deployed in high-risk locations

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