Europe
European leaders form “coalition of the willing” to support Ukraine without US
Ukrainian President Volodymyr Zelenskyy’s fiasco-ending US visit prompted European countries to gather in London to continue support for Kyiv.
The summit, hosted by UK Prime Minister Keir Starmer, focused on forming a “coalition of the willing” without US involvement. EU’s chief diplomat Kaja Kallas stated that “the free world needs a new leader” and Europeans must take up this challenge.
Sunday’s London summit, bringing together leaders from 18 countries including France, Germany, Denmark, Italy, Canada, and Turkey, appears to have made progress for the first time in weeks.
Starmer announced that several countries expressed willingness to join a “coalition of the willing” to provide security guarantees to Ukraine in the event of a ceasefire.
Britain and France will lead efforts with Ukraine to prepare a peace plan to present to US President Donald Trump.
Britain willing to deploy troops; Meloni wants to bridge US-Europe divide
In his post-talks statement to journalists, Starmer signaled potential troop deployment to Ukraine, saying, “The United Kingdom is ready to support this with others on land with boots and in the air with planes.”
Following the summit, Starmer announced that Europe would step in as a “mediator” for Volodymyr Zelenskyy after his argument with US President Donald Trump in the Oval Office, and would “try to stop the conflicts.”
Italian Prime Minister Giorgia Meloni also expressed readiness to use her good relationship with Trump as a “bridge builder.”
In her statement, Meloni called for an urgent meeting “to speak frankly about how we will tackle today’s great challenges, starting with Ukraine, which we have defended together in recent years.”
Germany, Spain and Poland hesitant about sending troops
Although Polish Prime Minister Donald Tusk was among the first to support Zelenskyy, Warsaw has yet to signal any significant initiative regarding Ukraine.
Germany, Spain, and Poland are among European countries showing hesitation about sending peacekeepers to Ukraine.
European Council President António Costa described Sunday’s consultations as “useful and important” ahead of the March 6 EU summit, where he said leaders must be “ready to make decisions.”
It remains debatable whether all 27 EU member states can bridge potential internal divisions with Hungary and Slovakia.
European Commission President Ursula von der Leyen announced Sunday that she would present a “comprehensive plan” on defense at the March 6 summit, though criticism has mounted over why preparation has taken so long, especially given the urgency.
Starmer and Rutte asked Zelenskyy to repair relations with Trump
Despite promises of support for Ukraine, some European leaders signaled to Kyiv that they would prefer to see relationships with Washington repaired rather than proceeding entirely without the US.
An EU official stated after the talks, “There was broad consensus on the importance of continuing to work closely with the US in the NATO context and strong agreement that future European contributions toward additional security guarantees should be developed hand in hand with the US.”
Indeed, both Starmer and NATO Secretary General Mark Rutte had previously tried to convince Zelenskyy to find a way to repair relations with the US administration, despite Trump clearly stating he didn’t want Kyiv to continue fighting.
However, repairing ties between Trump and Zelenskyy won’t be easy. While European allies lined up to express support for the leader of the war-damaged country, the US clearly stated it wants a public apology.
Trump’s Director of National Intelligence Tulsi Gabbard told Fox News, “For President Trump to be willing to re-engage on this issue, there will need to be a rebuilding of interest in good faith negotiations.”
Starmer told journalists he had spoken with Trump before the London summit to coordinate proposals. Starmer also hasn’t abandoned plans to convince Washington to support European troops deploying to secure a ceasefire.
Starmer said Europe needs to “lift the heavy burden” but “this effort needs to have strong US support.”
Details of the British-French plan
New details of the European peace plan emerged after French President Emmanuel Macron told Le Figaro that he and Starmer were proposing a month-long ceasefire between Russia and Ukraine “in the air, at sea, and on energy infrastructure.”
Macron added that this approach would have the advantage of verifying Russia’s intentions and would be easier than monitoring a ceasefire across the entire front line, saying, “In a ceasefire situation, it will be very difficult to verify compliance at the front.”
The British prime minister’s office declined to comment, but Starmer said Britain could deploy troops if a ceasefire were accepted. A month-long ceasefire covering air, sea, and infrastructure areas is suggested to “help build trust on both sides.”
The second key piece of the European plan involves Zelenskyy giving Washington an economic stake in the peace agreement by signing a deal that would give the US a share of revenue from some of Ukraine’s mineral reserves.
Trump wanted Zelenskyy to sign this agreement during his visit to Washington last Friday.
The UK’s Ambassador to Washington, Lord Peter Mandelson, called on Zelenskyy to sign the agreement and urged Ukraine and all European leaders to give “unequivocal support to President Trump’s initiative” to mediate peace.
In his statement to ABC, Mandelson gave another indication of British thinking, saying, “Ukraine should be the first country to commit to a ceasefire and challenge the Russians to follow suit.”
Starmer said, “I feel very strongly that unless progress is made, we will remain in the position we are in. This is not the time for more talk. It’s time to act, take steps, and lead.”
Desperate calls for US “firepower”
Starmer and the British still believe that US military power is essential for a “ceasefire” in Ukraine, despite everything.
The British leader said UK and US teams had discussed how Trump could help secure any peace agreement, but the President had always made it clear that he saw this as a responsibility for European countries.
NATO Secretary General Mark Rutte, leaving the summit, said the discussion was “ongoing” about whether the US would contribute to security guarantees.
France may act as nuclear umbrella
After Trump cut military support to Ukraine, discussions about increasing Europe’s defense capacity intensified.
In his interview with Le Figaro after the meeting, Macron said the EU should provide €200 billion to increase its defense capacity.
Macron also said they should set a target equivalent to 3% to 3.5% of economic output for expenditures.
Macron said, “We will give a mandate to the European Commission to determine our capacity needs for common defense. This major financing will likely reach hundreds of billions of euros.”
The French President also stated he wanted to begin discussions about sharing France’s nuclear umbrella with European neighbors. Macron added, “We have a shield but they don’t. And they can no longer rely on America’s nuclear deterrence. We need a strategic discussion with those who don’t have it; and this will make France stronger.”
In the interview, Macron said truly strengthening European defense “will take five years, ten years” and added, “But that doesn’t matter, because I believe today is a moment of strategic awakening.”
Cotton hands in pockets for Europe’s defense
The broader European Council will meet Thursday to discuss a €20 billion military package for Ukraine and steps to increase defense spending, including relaxing financial rules.
Starmer, Macron, and Meloni all clearly expressed that Europe needs to do more to defend itself, but the path to peace in Ukraine must go through the White House.
In this context, Starmer announced a £1.6 billion British export guarantee for the supply of more than 5,000 air defense missiles to Ukraine, to be produced in Belfast.
According to Bloomberg, the refocus on Europe’s defense strengthened regional currencies against the dollar, along with investors’ expectations that higher spending would boost growth.
The euro rose 0.4% against the dollar, outperforming most major peers, while the Polish zloty, Romanian leu, and Scandinavian currencies also gained.
European defense stocks showed increases in early trading on Tradegate Monday compared to Friday’s main stock exchange closings: BAE Systems up 23%, Rheinmetall 19%, Thales 17%, Saab 17%, Dassault Aviation 16%, Rolls-Royce 13%, and Leonardo 12%.
Europe
EIB to unveil 15 billion euro tech initiative to scale European startups
The European Investment Bank (EIB) will announce a €15 billion initiative today, in collaboration with EU capitals and private investors, aimed at supporting the growth of European technology companies.
For decades, startups on the continent have struggled to raise the large-scale funding rounds necessary to scale on this side of the Atlantic, frequently turning to US investors or relocating abroad as they expand.
“We are catching up. Now we need to accelerate,” EIB President Nadia Calviño said.
Under the existing European Tech Champions Initiative, the EIB had already pooled resources with six EU governments to establish funds that invest in high-growth companies across the EU.
Calviño described the initiative as “very successful,” noting that it has supported 12 European “unicorn” companies valued at over $1 billion, including the German artificial intelligence translation firm DeepL.
The bank is now expanding the program with a new phase nearly four times the size of the original.
Twenty-five EU governments, alongside private investors such as Santander and Danske Bank, are expected to participate in the program.
This initial €15 billion aims to mobilize up to €80 billion in total investment. Calviño stated that this estimate is based on the multiplier effects achieved under previous programs.
As part of these efforts, the EIB also aims to attract European pension funds, which manage immense pools of capital but have historically allocated fewer resources to technology investments compared to their US counterparts.
In addition to the new funding, Calviño noted that the EIB will create a platform providing a single point of access for existing European scale-up initiatives, including the European Commission’s Scaleup Europe Fund, France’s Tibi initiative, and Germany’s Win initiative.
Europe
Germany to purchase US Tomahawk missiles to build own long-range strike capability
Germany will purchase Tomahawk cruise missiles from the United States and deploy them on German territory, Chancellor Friedrich Merz announced on Thursday.
The move marks a shift away from planned US deployments and toward Germany establishing its own long-range strike capability.
Merz told lawmakers that he finalized the agreement with the US government during the NATO summit in Ankara, adding that the talks held on Tuesday and Wednesday had exceeded his expectations.
“While we close a critical strategic gap in our defense, we are also working to develop our own European systems and deploy them in Europe,” the Chancellor said.
According to German government sources, Washington committed in a letter of intent signed on Tuesday to approve Germany’s acquisition of Tomahawk missiles and their land-based Typhon launchers in August.
The number of missiles and launchers Germany plans to purchase was not disclosed because the information is classified.
The planned acquisition appears aligned with US President Donald Trump’s pressure on European allies to cover their own security costs, such as by purchasing US weapons.
The fate of the Tomahawk procurement had become uncertain after Trump announced in May that he would reduce the US military presence in Germany.
That development was seen as a cancellation of a plan made under the previous administration to deploy a US battalion equipped with long-range Tomahawk missiles to Germany.
That original plan was designed as a temporary solution to serve as a strong deterrent against Russia while Europeans developed their own versions of such weapons.
Germany produces its own cruise missile, the Taurus, but its range of approximately 311 miles is three to five times shorter than that of the Tomahawk missiles.
Europe
Apple loses EU court appeal over Digital Markets Act gatekeeper designation
The General Court of the European Union has rejected Apple’s challenges against its “gatekeeper” status designated under the Digital Markets Act (DMA).
With this ruling, the company’s designated status for the App Store and iOS remains valid, while its applications regarding iMessage were also rejected.
Apple had argued that the five separate App Stores it operates for the iPhone, iPad, Apple Watch, Mac, and Apple TV should be evaluated as distinct, individual services.
The court rejected this argument, ruling that these stores serve a common purpose of connecting developers and users, regardless of the specific device.
The court also dismissed Apple’s defense that the DMA’s interoperability obligations violate its fundamental rights.
However, it did not conduct a substantive assessment on the legality of this obligation, stating that a direct legal link could not be established between the regulation in question and the determination of “gatekeeper” status.
Following the ruling, Apple argued that the obligations under the DMA “exceed the boundaries of legality and proportionality.” The company asserted that the new rules jeopardize the work it has carried out for years to ensure user privacy and security.
Apple retains the right to appeal the decision, though a company spokesperson did not comment on whether there are plans to do so.
Apple previously declared that DMA rules prevented the launch of the updated version of Siri in Europe, resulting in European users being unable to benefit from the service.
In force in the European Union since 2024, the DMA covers a total of 22 services and products belonging to Alphabet, Amazon, Apple, ByteDance, Meta Platforms, and Microsoft.
The regulation obliges these companies to share certain data with competitors, provide access to user-generated data, and offer verification tools to advertising partners.
Additionally, it prohibits platforms from engaging in anti-competitive practices that favor their own products. Companies failing to comply with the rules face fines of up to 10% of their global turnover, which can rise to 20% in cases of repeated violations.
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