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Von Der Leyen: The EU Seeks Constructive Dialogue With The US But Stands Ready To Respond

The European Union is prepared to engage in a constructive dialogue with the United States while maintaining a firm stance against any unfair or arbitrary targeting, European Commission President Ursula von der Leyen stated at a press conference following the informal European Council meeting in Brussels. The summit, which focused on defense and transatlantic relations, underscored the EU’s commitment to cooperation but also its readiness to act if necessary.

Strengthening Transatlantic Cooperation

Addressing reporters, von der Leyen stressed that transatlantic cooperation remains a high priority, especially in the face of evolving geopolitical uncertainties. “We all know that much is at stake,” she remarked, emphasizing the need for a pragmatic and realistic partnership with Washington.

“We discussed how to strengthen a very realistic cooperation with the US,” she noted, adding that the EU remains open to dialogue but is also prepared for potential challenges in its relationship with Washington.

“If the EU is targeted unfairly or arbitrarily, we will respond decisively,” she affirmed, signaling a firm stance against any economic or political measures that could disproportionately impact Europe.

Concerns Over US Tariffs

Von der Leyen also addressed US trade policies, particularly tariffs imposed on Mexico, Canada, and China. She criticized these measures, stating that “nothing positive comes out of this.”

“Tariffs increase business costs, harm workers and consumers, create unnecessary disruptions in the economy, and drive up inflation,” she explained, highlighting the potential negative ripple effects on global trade.

The EU’s Strategy Moving Forward

Despite potential tensions, the European Commission President reaffirmed the EU’s commitment to “productive discussions” with the US, stressing that dialogue must be conducted “in a timely manner.”

At the same time, von der Leyen emphasized the need for Europe to focus on its own economic resilience. “We have to do our job and focus on our own challenges—boosting and improving our competitiveness,” she stated, reinforcing the EU’s strategy of strengthening internal economic foundations while navigating external uncertainties.The message from Brussels is clear: the EU remains committed to collaboration with the US but will not hesitate to defend its interests if necessary. As global economic and political landscapes continue to shift, the strength of transatlantic relations will be tested in the months ahead.

Strained Household Finances: Eurostat Data Reveals Persistent Payment Delays Across Europe and in Cyprus

Improved Financial Resilience Amid Ongoing Strains

Over the past decade, Cypriot households have significantly increased their ability to manage debts—not only bank loans but also rent and utility bills. However, recent Eurostat data indicates that Cyprus continues to lag behind the European average when it comes to covering financial obligations on time.

Household Coping Strategies and the Limits of Payment Flexibility

While many families are managing their fixed expenses with relative ease, one in three Cypriots struggles to cover unexpected costs. This delicate balancing act highlights how routine payments such as mortgage installments, rent, and utility bills are met, but precariously so, with little room for unplanned financial shocks.

Breaking Down Payment Delays Across the European Union

Eurostat reports that nearly 9.2% of the EU population experienced delays with their housing loans, rent, utility bills, or installment payments in 2024. The situation is more acute among vulnerable groups: 17.2% of individuals in single-parent households with dependent children and 16.6% in households with two adults managing three or more dependents faced payment delays. In every EU nation, single-parent households exhibited higher delay rates compared to the overall population.

Cyprus in the Crosshairs: High Rates of Financial Delays

Although Cyprus recorded a notable 19.1 percentage point improvement from 2015 to 2024 in delays related to mortgages, rent, and utility bills, the island nation still ranks among the top five countries with the highest delay rates. As of 2024, 12.5% of the Cypriot population had outstanding housing loans or rent and overdue utility bills. In contrast, Greece tops the list with 42.8%, followed by Bulgaria (18.7%), Romania (15.3%), Spain (14.2%), and other EU members. Notably, 19 out of 27 EU countries reported delay rates below 10%, with Czech Republic (3.4%) and Netherlands (3.9%) leading the pack.

Selective Improvements and Emerging Concerns

Between 2015 and 2024, the overall EU population saw a 2.6 percentage point decline in payment delays. Despite this, certain countries experienced increases: Luxembourg (+3.3 percentage points), Spain (+2.5 percentage points), and Germany (+2.0 percentage points) saw a rise in payment delays, reflecting underlying economic pressures that continue to challenge financial stability.

Economic Insecurity and the Unprepared for Emergencies

Another critical indicator explored by Eurostat is the prevalence of economic insecurity—the proportion of the population unable to handle unexpected financial expenses. In 2024, 30% of the EU population reported being unable to cover unforeseen costs, a modest improvement of 1.2 percentage points from 2023 and a significant 7.4 percentage point drop compared to a decade ago. In Cyprus, while 34.8% still report difficulty handling emergencies, this marks a drastic improvement from 2015, when the figure stood at 60.5%.

A Broader EU Perspective

Importantly, no EU country in 2024 had more than half of its population facing economic insecurity—a notable improvement from 2015, when over 50% of the population in nine countries reported such challenges. These figures underscore both progress and persistent vulnerabilities within European households, urging policymakers to consider targeted measures for enhancing financial resilience.

For further insights and detailed analysis, refer to the original reports on Philenews and Housing Loans.

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