On 2026-04-12, eleven EU member states-Austria, Denmark, Belgium, Finland, France, Germany, Luxembourg, the Netherlands, Romania, Spain, and Sweden-sent a letter to Kaja Kallas, the EU High Representative for Foreign Affairs and Security Policy. ^[1] The signatories formally requested that the possibility of transitioning from unanimity to qualified majority voting in EU foreign policy be considered. ^[2] The CSSF, Luxembourg's financial market regulator, refused to renew the validity of a prospectus that allowed Israel Bonds to be sold in the European Union. ^[3] On September 2, gasoline prices in the Netherlands reached a historic high of 2.666 euros per liter. ^[4] The letter argues that the right of veto by individual member states increasingly blocks the collective action of the European Union in a changing international environment. ^[5] The letter proposes five principles to improve the Common Foreign and Security Policy, including greater use of constructive abstention instead of vetoes and avoiding linking foreign policy decisions to unrelated issues. ^[6] Israel's ability to raise funds from investors in the European Union through these specific bonds has ended following the refusal. ^[7] The validity of the prospectus approved by the CSSF the previous year expired on August 31. ^[8] Fuel prices in the Netherlands surged due to the war in Iran that began in late February and ongoing shipping disruptions through the Strait of Hormuz. ^[9] In May, fuel and lubricant prices across the European Union increased by an average of 20.7 percent. ^[10] Ireland previously served as the regulatory hub for Israel Bonds in the EU but refused to renew its approval due to pressure from its parliament and civil society groups. ^[11]