· 5d · on MSN
Euro jumps, focus on Ukraine talks and defence spending
European leaders back defense spend push amid uncertainty over Trump aid to Ukraine
European leaders have upped the ante on defense spending plans as they look to support Kyiv and fill a potential void of U.S. aid.
EU summit on Ukraine: Europe seems ready to spend on defense
From "watershed moment" to "turning point," there's been no shortage of declarations about the danger from Russia as the US turns on Ukraine and Europe. Von der Leyen spoke of a "watershed moment" for Europe and Ukraine.
Unchanged at $1.04 The euro has traded in a wide range over the past month. Starting with a slump at the end of January as another European Central
What might surprise the Trump administration is the reaction not just from liberal European powers but backlash from populist leaders such as Nigel Farage, who said the spat would “make Putin feel like the winner” and added that Ukraine needed security guarantees.
Eutelsat in talks with Euro leaders
The euro rebounded on Monday as hopes for a Ukraine peace deal improved, and interest rate differentials moved against the dollar ahead of a possibly pivotal steer on U.S. economic growth in the February payrolls report late in the week.
The pound edged down against the euro and rose versus the U.S. dollar on Monday after European leaders agreed on Sunday to draw up a Ukraine peace plan to present to the United States.
Ukrainian President Volodymyr Zelensky personally asked President Trump for continued American support during a cross-ocean G7 meeting held Monday — the third anniversary of Russia’s full-scale invasion of Ukraine.
Ukrainian President Volodymyr Zelenskyy says talks between Ukraine and the US on ending the war will take place in Saudi Arabia next week.
The U.S.’s threat to withdraw support for Ukraine has heightened pressure on European countries to formally seize the funds and use them to help Kyiv.
Tánaiste Simon Harris told RTÉ’s This Week programme that he plans to bring a proposal for €100 million in non-lethal military assistance for Ukraine.
The PM will tell European leaders they need to play their part on defence and “step up for the good of collective security”
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