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Brussels Edition: Peace in Europe, Green Deal

Published by Yahoo on Mon, 09 Dec 2019


(Bloomberg) -- Welcome to the Brussels Edition, Bloomberg's daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.The leaders of Russia, Ukraine, France and Germany have a chance to end a war that has scarred Europe when they meet in Paris today. At stake isn't just peace in eastern Ukraine.A Franco-Germanpush for a rapprochement with Russia, the continent's energy supply, andEmmanuel Macron's ambition to secure a spot as Europe's dealmaker, all depend on the outcome of negotiations.With Volodymyr Zelenskiy's popularity fading, European diplomats fear the window of opportunity for a deal is closing.What's HappeningTory Lead| With only days until the U.K. goes to the polls in a general election that will determine its relationship with the EU, polls suggest that Prime MinisterBoris Johnsonis on course to win a majority 'unless Brexit opponents can find a way to coordinate votes against him. If you want to understand this election, read our postcard from the seaside town that encapsulateshow Britain has ended up at what is likely to be awatershed moment.Green Business| This isno small thing. The leaders of Europe's biggest multi-national companies signaled they will get behindthe EU's plan to zero-out the continent's carbon emissions by 2050. But they asked the European Commission toadopt protective measures so as 'to avoid carbon and investment leakage and guarantee a global level playing fieldfor competition.'French Turmoil| France is bracing for another round of protests, with both the government and labor unions vowing to stick to their guns in the battle over Macron's reforms of the pension system. The stakes are high for the president. He has told associates that he couldn't consider running for a second term in 2022 unless he gets his measures through.Troubled Waters | Ankara's latest muscle flexing in the Mediterranean will cast a shadow over today'smeeting of EU foreign ministers.Turkey and Libya approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters, where both countries are at odds with Greece and Cyprus.Maltese Reckoning| Once celebrated for steering one of the EU's fastest-growing economies,Maltese Prime Minister Joseph Muscatcan't leave his house these days without running the risk ofbeing pelted by eggs and coins. Here's whyhe became the target of a nation's anger over corruption.In Case You Missed ItGerman Turmoil| The leftist new leadersof Germany's Social Democrats signaled that the party will stay in government'at least for the time being. But putting pressure on ChancellorAngela Merkel's bloc to consider new policy initiativesfailed to give them any sort of meaningful bump in the polls.Quite the contrary.Tech Taxes| French Finance Minister Bruno Le Maire urged the U.S. to support a global overhaul of how the digital economy is taxed.The debate over how to tax big tech companies is heating up, with the U.S. threatening to impose tariffs on about $2.4 billion of French products inretaliationfor a new digital levy.Youngest PM | Finland is set to get its youngest-ever prime minister. Sanna Marin, 34, won the backing of her Social Democratic Party on Sunday, and parliament is set to vote on her appointment on Tuesday. She will preside over a five-party coalition that agreed to keep working together after the shock resignation of the premier last week.The Other Orban | Romania's new prime minister might share a surname with Hungary's anti-immigrant leader Viktor Orban, but the similarities end there. Ludovic Orbantold us in an interview he wants to return his country to the EUmainstream by snuffing out the kind of populism his namesake has championed. He has much to do.Chart of the DayEconomies on the verge of collapse, a yearning for greater democracy, revulsion against corruption and inequality' the grievances that drove people onto the streets in 2019 were consistent across continents. Alan Crawford takes you on a tour of a year of protests that sparked change around the globe.Today's AgendaAll times CET.9 a.m.EU health ministers meet in Brussels 9:45 a.m. Keynote speech by the EU lower court president van der Woude 10 a.m. EU foreign ministers meet in Brussels, to discuss current affairs, Libya, Bolivia, EU-Africa relations and the situation in Iran 5 p.m.EU foreign policy chief Borrell and NATO Secretary General Stoltenberggive press statement following meeting in Brussels EU Commission Presidentvon der Leyen addresses a meeting of chairmen of the EPP Parliamentary Groups EU antitrust and tech chief Vestager delivers a speech at the Chillin' Competition Conference; and speaks at the Politico event 'Scaling up Europe', in Brussels Macron hosts Merkel, Putin and Zelenskiy in a push to end the violence in eastern Ukraine COP25 Conference continues in Madrid. EU Commission Vice Presidents Dombrovskis and Timmermans attendLike the Brussels Edition'Don't keep it to yourself. Colleagues and friendscan sign up here. We also publishthe Brexit Bulletin, a daily briefing on the latest on the U.K.'s departure from the EU.For even more:Subscribe to Bloomberg All Accessfor fullglobal news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.How are we doing'We want to hear what you think about thisnewsletter.Let our Brussels bureau chiefknow.--With assistance from Kati Pohjanpalo and Andrew Langley.To contact the author of this story: Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net, Iain RogersFor more articles like this, please visit us at bloomberg.com2019 Bloomberg L.P.
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