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In a landmark agreement, EU finance ministers on June 20 approved a comprehensive overhaul of the Stability and Growth Pact, balancing fiscal discipline with greater flexibility for member states. The reform addresses post-pandemic debt burdens and economic divergences across the bloc.

EU energy ministers have reached a political agreement to drastically cut permitting times for renewable energy projects, aiming to boost clean energy deployment amid the ongoing energy crisis. The deal is a key step in the REPowerEU plan to reduce reliance on Russian fossil fuels.