Europe Shows Concern About Its Industrial Future at Belgium Meeting

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EU ministers will press U.S. officials to enforce more parts of the July trade deal, especially reducing tariffs on European steel and removing duties on wine and spirits. Washington’s delay in approving tariff changes, along with new and expanded U.S. tariffs on metals and derivative products, is causing concern in the EU. Both sides will also discuss cooperation on regulations, energy purchases, and economic security in response to Chinese export controls.

A nationwide strike in Belgium has forced all departing flights to be cancelled at major airports, disrupting travel for hundreds of UK passengers and affecting Eurostar services. Brussels-Zaventem Airport and Brussels South Charleroi Airport are halting operations, while rail and public transport services are also reduced. The strike is in response to government plans to reform pensions and benefits to reduce national debt.

Greece's finance minister, Kyriakos Pierrakakis, has been appointed president of the Eurogroup, reflecting the country’s strong economic recovery since its debt crisis. Greece now enjoys steady growth, high investment rates, budget surpluses, and declining public debt despite remaining the highest in Europe. As Eurogroup President, Pierrakakis will represent the euro area at G7 meetings, shape agendas, and foster consensus among member states.

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