Several US allies have distanced themselves from President Donald Trump's comments regarding the future of the Gaza Strip without directly criticising the president. US allies in Europe and elsewhere are facing the prospect of US tariffs on their exports and potential reductions in the US' NATO presence. As such, while advocating respect for international law and Palestinian rights, no US-aligned gov't so far has directly called out Trump for seemingly turning away from the US' long-standing support of a two-state solution.
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DSTA notes the borrowing requirement for 2025 is now estimated at 106.4 billion (€1.4 billion higher than the previous estimate). The higher overall borrowing will be funded in full by an increase in money market issuance.