Politics
Portugal’s President urges EU to face post-war challenges with determination
In his speech to MEPs, Portugal’s President Marcelo Rebelo de Sousa identified the post-war recovery, enlargement, migration and energy as the main challenges for the EU.
Addressing MEPs during a formal sitting, President Rebelo de Sousa said he considers the Russian war of aggression against Ukraine to be a “shocking mistake of the Russian Federation” to which Europe responded with “firmness, unity, solidarity, and transatlantic and forward-thinking cooperation”. It is urgent, he said, to ensure that “a just and moral peace” will be the result of this war, preventing further wars.
On what comes after the war, which will result in a “new balance of powers”, the President said the EU should play “the biggest, the strongest role possible! If not, it will not end up being the smallest, the weakest possible”.
Mr Rebelo de Sousa also spoke in favour of EU enlargement and stressed the need to accelerate Europe’s economic recovery while taking into account social obligations and rights, as well as impact of inflation.
Speaking about the EU’s global connections, Portugal’s President called for openness and cooperation to collectively tackle challenges like migration and help increase Europe’s influence in the world. EU’s values should, he said, take precedence over national interests.
President Rebelo de Sousa also called on the EU to become a pioneer in climate, energy, and digital policy. If not, it will be “left behind,” he said.
He urged the EU to follow the example of other continents and act when it needs to, and to reinvigorate the EU’s political, economic and social systems. President Rebelo de Sousa warned that not doing so could alienate young people and lead to the emergence of populism and anti-system movements. If this happens, “it is our fault,” he said.
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On November 7, Ecumenical Patriarch Bartholomew sent a congratulatory letter to the newly elected US President Donald Trump, wishing him health, strength and success in his upcoming second presidential term.
“Recognizing the enormous responsibilities of such a leadership position, we pray that your decisions will be guided by wisdom and compassion, as well as by the strength necessary to maintain harmony and security in your great and God-protected nation,” noted Patr. Bartholomew:
“The Ecumenical Patriarchate, with its ancient history and its fundamental commitment to dialogue and reconciliation, remains a constant supporter of all efforts to promote peace and understanding between people of different cultures and beliefs. We hope that under your leadership the United States will continue to support the cause of religious freedom and human dignity – values that resonate deeply in the Orthodox Christian tradition and all faith communities,” the congratulatory letter said.
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The last of Russia’s major state-owned banks, which retains access to the SWIFT system for international payments in the world’s major currencies, will become subject to new US sanctions.
The White House is considering blacklisting Gazprombank, the Russian Federation’s third-largest bank by assets, which is a “hub” for gas payments with Europe. As the Nikkei reported, citing officials familiar with the matter, GPB could be subject to blocking sanctions: it would be barred from any transactions with US banks. A decision on sanctions will be made by the end of November – the United States has notified its G7 partners about this, sources told the publication, including high-ranking European officials.
Directly owned by Gazprom with a third and another 40% by its pension fund, Gazprombank is not yet subject to strict Western restrictions: in the United States it is only prohibited from raising capital on the debt market, although its top managers and a subsidiary are subject to blocking sanctions IT company. In the European Union, GPB also avoids blacklists, and only Britain has introduced blockers against the bank.
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