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Lessons from Ljubljana in uncertain times

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Speech by Christine Lagarde, President of the ECB, at the official dinner of Banka Slovenije in Ljubljana, Slovenia

Ljubljana, 16 October 2024

It is a pleasure to be here this evening.

Not far from here, tucked away in the National and University Library, lie copies of the Abecedarium and the Catechism. These two texts, written by the religious reformer Primož Trubar in 1550, were the first ever books to be printed in Slovenian.[[1]

At a time when German was the language of the ruling classes, Trubar’s pioneering act was fundamental in helping to establish the national identity of Slovenians.[[2]

Today, his portrait graces the €1 coin in Slovenia, framed by the famous words found in the Catechism, “Stati inu Obstati” – “to stand and withstand”.[[3]

It is telling that both books – one a primer for the Slovenian language, the other guidelines for religious observance – were designed to teach, for there is much that Europe can learn from Slovenia in the uncertain world we now face.

The global order we knew is fading. Open trade is being replaced with fragmented trade, multilateral rules with state-sponsored competition and stable geopolitics with conflict.

Europe had invested considerably in the old order, so this transition is challenging for us. As the most open of the major economies, we are more exposed than others.

So, in this new landscape, we too must learn “to stand and withstand”. And we can do so by drawing on two valuable lessons from Ljubljana.

Opportunity in times of uncertainty

The first lesson is that uncertainty can create opportunity.

While many in Europe are anxious about the future, Slovenians are no strangers to uncertainty.

Within a single generation, Slovenia made a success of the extraordinarily difficult transition from a planned economy to a market economy. Policymakers defied the odds by implementing tough structural reforms to first join the EU and, later, the euro area.

Today, Slovenia is a success story. It is a developed, stable and high-income economy, with the highest GDP per capita at purchasing power parity of central and eastern European countries (CEECs).

The nation’s success owes much to the creativity and vigour of its people and their innate ability to seize economic turning points and transform them into opportunities.

For example, when Slovenia joined the EU, it was exposed to greater levels of competition from other Member States in the economic bloc.

But Slovenia quickly capitalised on its skilled workforce to develop a new business model based on deep integration in the Single Market. Today, every single car produced in Europe has at least one component that is made in Slovenia.[[4]

For Europe, the changes in the global economy today represent a similar turning point. But if we approach it with the right spirit, I believe it can be an opportunity for renewal.

A less favourable global economy can push us to complete our domestic market. Fiercer foreign competition can encourage us to develop new technologies. More volatile geopolitics can drive us to become more energy secure and self-sufficient in our supply chains.

For Slovenia, the transformation of the automotive supply chain will be a particular challenge. But the economy is already adapting. For example, in July this year Slovenia secured a major investment in domestic electric vehicle production.[[5]

For many Slovenians, striding into an unpredictable future may seem like second nature.

One of your most famous paintings, “The Sower”, hangs on display here at the National Gallery. Depicting an agricultural labourer at the crack of dawn hard at work sowing seeds in a field, the painting represents Slovenians’ resolute determination in the face of uncertainty.

The rest of us in Europe will need to draw on this example in the uncertain times ahead. If we do so, we can also turn uncertainty into opportunity.

The importance of sharing the benefits of change

The second lesson from Slovenia is that the benefits of change can – and should – be more widely shared.

The path of renewal for Europe is inescapably linked with new technology, especially digitalisation. But new technologies can sometimes lead to uneven labour market outcomes.

Slovenia has undergone remarkable technological change over the past 20 years. Today, the country’s level of digital development is 7% above the CEEC average and it can compete with some of the most digitally developed EU countries in certain areas.[[6]

Yet Slovenia’s Gini coefficient – a measure of income inequality – is the second lowest in the OECD.[[7] The country also benefits from high levels of gender equality. Female labour force participation is higher than the EU average and nearly equal to that of men.[[8]

Many in Europe are worried about the challenges ahead, such as the effects of artificial intelligence on social inclusion. But we should let Slovenia’s example inspire us.

With the right approach, we can move forward and become more technologically advanced while ensuring everyone can benefit from the gains.

And when everyone benefits, Europe benefits too. Over three-quarters of citizens in Slovenia feel attached to Europe, and almost two-thirds identify as both Slovenian and European – levels that are well above their respective EU averages.[[9]

Conclusion

Let me conclude.

In today’s uncertain world, Europe must learn “to stand and withstand”. And it can do so by looking to Slovenia as an example of how to overcome challenges that come its way.

First, we must work hard to sow the seeds of success. And then, as the folk singer Vlado Kreslin sings, “vse se da” – “everything is possible”.

Thank you.

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EU Parliament Tackles Steel Industry, Fundamental Rights, and Budget Priorities in Plenary Session

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Strasbourg, 2 April 2025 – The European Parliament convenes today for a busy plenary session, addressing critical issues ranging from the future of the EU’s steel industry to threats to fundamental rights in Hungary, alongside votes on the bloc’s 2026 budget priorities. With debates spanning energy-intensive industries, security, and human rights, MEPs engaged with key EU figures, including Commission Executive Vice-Presidents and Polish Minister for EU Affairs Adam Szłapka, who represented the rotating EU Council presidency.

Steel and Energy-Intensive Industries Take Center Stage

The day kicked off at 9:00 with a debate on a new action plan aimed at ensuring a competitive and decarbonized steel and metals industry in Europe. MEPs, joined by Commission Executive Vice-President Stéphane Séjourné and Minister Szłapka, discussed strategies to bolster the sector amid global competition and the EU’s ambitious climate goals. Baptiste Chatain, spokesperson for the EP’s Industry Committee, emphasized the importance of balancing economic viability with sustainability, noting that a resolution on the plan will be voted on Thursday.

From 10:30, the focus shifted to the broader landscape of energy-intensive industries. Vice-President Séjourné outlined the Commission’s approach to supporting these sectors, which are pivotal to the EU’s economic backbone but face mounting pressure to adapt to green policies. The discussions underscored the delicate interplay between industrial competitiveness and the bloc’s net-zero ambitions.

Hungary’s Fundamental Rights Under Scrutiny

At around 15:00, attention turned to Hungary, where recent legislative changes have raised alarm bells over their impact on fundamental rights. MEPs debated the issue with Commissioner Conor McGrath and Minister Szłapka, focusing on concerns about democratic backsliding, media freedom, and judicial independence. Kyriakos Klosidis, spokesperson for the EP’s Institutional Affairs team, highlighted the session as a critical moment to assess Hungary’s compliance with EU values, with outcomes likely to influence future relations between Budapest and Brussels.

Budget Priorities for 2026: Security and Sustainability

At noon, MEPs voted on their priorities for the 2026 EU budget, a draft text that emphasizes strengthening security and defense capabilities, economic resilience, and climate action. The resolution also calls for reinforcing the single market to boost competitiveness. Rapporteur Eszter Zalán, who will address the press at 14:00, stressed the need for a budget that reflects the EU’s evolving challenges, particularly in light of geopolitical tensions and environmental imperatives.

Security, Social Europe, and Cyprus

The afternoon featured a debate at 16:00 on military mobility, with MEPs assessing the role of cross-border transport infrastructure in bolstering Europe’s security. Commissioner Margaritis Tzitzikostas and Minister Szłapka joined the discussion, framed by Russia’s ongoing war in Ukraine, which has heightened the urgency of such investments.

Earlier, at 13:00, a debate on the cost-of-living crisis saw MEPs, Vice-President Roxana Mînzatu, and Szłapka explore ways to safeguard jobs, wages, and healthcare amid economic strain. Meanwhile, at 11:50, EP President Roberta Metsola delivered a statement on UN-led efforts to resolve the Cyprus problem, followed by remarks from political group leaders, signaling continued EU support for a negotiated settlement.

Roma Rights and Global Human Rights

From 18:00, MEPs and Commissioner Hadja Lahbib tackled discrimination against Roma communities, discussing strategies to protect their rights and integrate them into the EU’s social fabric. Later, the evening session shifted to urgent human rights concerns, with debates on the prosecution of journalists in Cameroon, Iran’s execution spree, and repression under Belarusian leader Alexander Lukashenka. Resolutions on these issues will be voted on Thursday.

Additional Votes and Closing Notes

The midday voting session also covered the EU’s foreign and security policies for 2024, human rights globally, and a fisheries agreement with Guinea-Bissau, among other topics. Live coverage of the plenary is available on Parliament’s webstreaming platform and EbS+, offering a window into the EU’s legislative pulse.

As the session unfolds, the European Parliament continues to navigate a complex landscape of industrial transformation, democratic integrity, and global responsibility, setting the stage for pivotal decisions in the days ahead. For more details, the EP’s newsletter and plenary resources provide comprehensive insights into this dynamic agenda.

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EU Stands Firm on Human Rights Amid Global Challenges, Kallas Tells European Parliament

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Strasbourg, April 1, 2025 – In a powerful address to the European Parliament plenary session on the 2024 Annual Report on Human Rights and Democracy in the World, High Representative and Vice-President Kaja Kallas underscored the European Union’s unwavering commitment to defending human rights and democracy amid a turbulent global landscape. Delivered on April 1, 2025, in Strasbourg, the speech highlighted both the mounting threats to the rules-based international order and the EU’s proactive efforts to counter them.

Kallas opened her remarks by thanking Rapporteur Isabel Wiseler Lima and other contributors to the Parliament’s report, before drawing on her recent address to the United Nations Security Council. She emphasized that the principles enshrined in the UN Charter—peace, prosperity, human rights, dignity, and development—are under unprecedented strain. “Eighty years on, we see these principles under heavy fire,” she said, pointing to violations of international law, democratic backsliding, and assaults on gender equality and media freedom.

The High Representative singled out Russia’s ongoing war against Ukraine as a stark example of this erosion, calling it “a direct challenge to the rules-based international order and an assault on sovereignty.” She also referenced the conflict between Israel and Gaza as a sobering reminder of the fragility of human rights in wartime. Closer to home, she noted the growing threat posed by authoritarian regimes, a concern echoed in the Parliament’s 2024 report.

Yet, amid these challenges, Kallas struck a note of cautious optimism. She cited the fall of the Assad regime in Syria in December 2024 as a historic turning point, ending 54 years of dictatorship. “There is hope, nonetheless,” she said, stressing that the EU must work to ensure the rights of all Syrians are protected during the country’s fragile transition.

A Steadfast Partner in Turbulent Times

Kallas outlined the EU’s robust response to global human rights crises, positioning the bloc as a reliable and predictable partner. In 2024 alone, the EU supported over 10,000 high-risk human rights defenders, adding to a total of 80,000 individuals aided since 2015. Just two weeks prior to her speech, the EU adopted a €349 million funding package to bolster human rights and democracy initiatives worldwide through 2027. This commitment, she said, extends to countering pushback against gender equality and the rights of women, girls, and LGBTIQ+ individuals.

The EU’s support for the United Nations human rights framework also took center stage. Kallas reaffirmed the bloc’s advocacy for the UN High Commissioner for Human Rights and its push for accountability through mechanisms like the International Criminal Court (ICC). “Respect for international humanitarian law by state and non-state actors, and accountability for violations committed, are the cornerstone for peace and security,” she declared. She revealed that she met with the ICC President in March 2025 to reinforce the EU’s backing, amid discussions on enhancing financial and diplomatic support for the Court.

The EU Global Human Rights Sanctions Regime, established in 2020, has proven a vital tool, with swift measures imposed in 2024 targeting human rights abusers in Russia, the Middle East, and North Korea. “This demonstrates our determination to strengthen our role in addressing serious human rights violations and abuses worldwide,” Kallas said.

Democracy in Action

Reflecting on 2024 as a “super election year,” with over 75 countries holding elections, Kallas praised the role of EU Election Observation Missions in safeguarding electoral integrity and democratic governance. She pledged continued support for parliaments, independent media, and democratic actors operating in hostile environments, promising close collaboration with the European Parliament in these efforts.

In her closing remarks, Kallas framed the defense of human rights as inseparable from the pursuit of peace. “Peace is not simply the absence of war; it is active cultivation of justice,” she said, emphasizing that human dignity and rights are foundational to lasting stability. She called on the EU to leverage its values as a strategic asset, fostering partnerships with third countries based on sustainable progress and mutual benefit.

A Call to Unity

Kallas concluded with a rallying cry for unity, urging the Parliament to stand firm against the erosion of the EU’s core principles. “The European Union is founded on peace, democracy, and unity,” she said. “We must make very clear that we will not tolerate the erosion of these rights and freedoms that really define us.”

As the High Representative prepares to release her own 2024 human rights and democracy report, her speech served as both a sobering assessment of global challenges and a resolute affirmation of the EU’s leadership in confronting them. With the European Parliament as a key ally, Kallas signaled that the bloc’s commitment to human rights remains a cornerstone of its identity—and its future.

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Political Turmoil Spans Continents: Dutch “Ribbons Debacle” and Trump’s Third-Term Ambitions

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April 1, 2025 – From The Hague to Washington, D.C., political storms are brewing, shaking the foundations of governance on both sides of the Atlantic. In the Netherlands, a seemingly trivial dispute over ribbons has escalated into a full-blown confrontation between the Tweede Kamer and PVV Minister Marjolein Faber, threatening her tenure. Meanwhile, in the United States, former and current President Donald Trump has reignited constitutional debates by musing about a third term, while his administration purges career prosecutors perceived as disloyal.

The Netherlands: Ribbons Ignite a Firestorm

In The Hague, what began as a minor disagreement has spiraled into a high-stakes showdown. Minister Marjolein Faber, a prominent figure in the far-right Party for Freedom (PVV), finds herself at the center of controversy dubbed the “ribbons debacle.” Though details remain murky, the dispute reportedly stems from Faber’s decision to mandate—or perhaps ban—certain symbolic ribbons in official settings, a move critics in the Tweede Kamer, the Dutch House of Representatives, have branded as authoritarian overreach.

The clash has exposed deeper tensions between Faber’s hardline policies and the coalition government’s fragile unity. Opposition lawmakers accuse her of leveraging her position to push a divisive ideological agenda, while her supporters argue she’s defending national values against progressive excess. By Tuesday morning, the rhetoric had escalated to the point of action: a no-confidence motion against Faber was formally tabled, setting the stage for a contentious vote that could topple her from office.

“This isn’t just about ribbons—it’s about power, principle, and the direction of this country,” said one MP, speaking anonymously ahead of the debate. Political analysts suggest that even if Faber survives the motion, the episode could weaken the PVV’s influence within the coalition, with ripple effects for upcoming policy battles.

United States: Trump’s Third-Term Trial Balloon

Across the ocean, Donald Trump continues to dominate headlines with a provocative suggestion that has constitutional scholars scrambling for their textbooks. Speaking at a rally in Ohio on Monday night, the recently re-elected president floated the idea of seeking a third term, a notion that would defy the 22nd Amendment, which limits U.S. presidents to two terms. “I’ve done so much—maybe we need more time to finish the job,” Trump quipped to a roaring crowd, leaving it unclear whether he was serious or merely stoking his base.

The remark has reignited a perennial debate about executive power in America. Legal experts are divided: some argue the Constitution’s text is ironclad, while others point to historical precedents of bending norms—like Franklin Roosevelt’s four terms before the amendment’s ratification in 1951. Trump’s allies in Congress have already begun testing the waters, with one House Republican suggesting a repeal of the 22nd Amendment might be “worth discussing.”

Critics, however, see the comment as part of a broader pattern of norm-breaking. “This is a dangerous flirtation with autocracy,” warned Senator Elizabeth Warren (D-MA) in a statement Tuesday. Public reaction is similarly polarized, with social media ablaze over whether Trump’s musings are a masterstroke of political theater or a genuine threat to democracy.

Loyalty Purge at Justice

Adding fuel to the fire, the Trump administration announced the dismissal of several career Justice Department prosecutors this week, a move insiders say reflects a loyalty test gone nuclear. The fired officials, some with decades of service, were reportedly seen as insufficiently aligned with Trump’s agenda, particularly his calls to investigate political rivals. Attorney General nominee Mike Davis defended the decision, stating, “The president needs a team he can trust to drain the swamp.”

The purge has drawn sharp rebukes from legal circles and former DOJ officials, who warn it undermines the department’s independence. “This isn’t about loyalty—it’s about turning justice into a political weapon,” said Preet Bharara, a former U.S. Attorney ousted by Trump in 2017. Democrats in Congress are now vowing to investigate, though their leverage in a Republican-controlled Senate remains limited.

A Tale of Two Crises

While the Dutch “ribbons debacle” and Trump’s third-term gambit differ in scale and stakes, they share a common thread: the erosion of political norms under pressure from populist figures. In The Hague, Faber’s fate hangs in the balance as lawmakers weigh ideology against stability. In Washington, Trump’s provocations test the resilience of a constitutional framework already strained by years of partisan warfare.

As debates rage in both capitals, the coming days promise more drama. Will Faber weather the no-confidence storm? Can Trump’s third-term rhetoric translate into action? For now, the world watches as these parallel sagas unfold, each a microcosm of the turbulent politics defining 2025.

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