Germany’s economic crisis is weighing on Central Europe
The stagnation of the continent’s leading economy is catching up with the region, which has long served as its subcontracting base. The Czech Republic in particular.
economic crisis
The fight to replace Justin Trudeau is on
Mark Carney has run two central banks and championed the green transition. Now he wants to lead Canadaโs Liberal Party.
Mark Carney tees up campaign to replace Justin Trudeau
Mark Carney is ready to launch his campaign to replace Justin Trudeau as Liberal leader and prime minister of Canada. Carney, a banker comfortable with the Davos set,ย showed up on โThe Daily Showโย Monday night, casting himself as an โoutsider.โ Carney, who has served as governor of central banks in Canada and the U.K., tested his [โฆ]
Thessaloniki’s slow awakening after the Greek crisis: ‘Finally, our ordeal is almost over’
Greece’s second-largest city, hard hit by the economic crisis of 2009-2018, is undergoing a revival with new infrastructure, making it a more pleasant place to live for residents and more attractive for tourists.
โInsaneโ Magdeburg Christmas market attack turns up heat on Germanyโs politicians
Reports that suspect was a refugee from Saudi Arabia who hated Muslims raises complicated questions during German election campaign.
Trump-backed spending deal fails in House, shutdown approaches
A US government default would send credit shocks around the world.
The post Trump-backed spending deal fails in House, shutdown approaches appeared first on Euractiv.
Rightward shift in Europe puts pressure on Green Deal: Will key EU policy survive?
Today, the EUโs Green Deal faces pressure from an atmosphere of economic crisis: car factories in Germany are set to close, farmers protesting about excessive environmental protection measures, soaring energy bills for households. But as the recent fl…
French government collapse turns the screws on Macron
Prime Minister Michel Barnier will leave office having servedย the shortest prime ministerial term in modern French history.
Who were the biggest dunces? Final grades for von der Leyenโs first Commission
Whoโs at the top of the class and who flunked? Here are POLITICO’s grades for each 2019-2024 European commissioner.
Franziska Brantner elected co-leader of German Greens going into snap elections
Let’s “make Green great again,” Brantner says as party prepares for February’s national vote.
Cuba restores power to one-fifth of population after nationwide blackouts
The unprecedented nationwide blackout is the latest blow in the nation of 10 million, already suffering from dramatic shortages of food, medicine and fuel.
China pledges to โsignificantly increaseโ debt to boost economy
Most of China’s fiscal stimulus still goes into investment, but this leads to debt outpacing economic growth as returns are dwindling.
The rise and fall of Macronomics
Macron was once seen a paragon of good economic management, but his opponents now accuse him of ruining France’s finances.
Lebanon yearns for national unity as war revives specter of 1980s
Many in Lebanon are desperate not to let Israel’s attack and economic hardships reignite sectarian divisions.
Public Enemy review โ anatomy of Greeceโs economic crisis framed as epic tragedy
Elisa Mantinโs film shows Greeks as the economic victims of ideologically motivated EU forces, imposing punishment-via-austerityMaybe the true Greek tragedy is the temptation to interpret everything that happens in that country under the long Hellenic …
Ukraine backs Russian oil loophole for Hungary
The deal will allow Viktor Orbรกn’s government to bypass Kyiv’s sanctions on Russian oil giant Lukoil.
How Republicans and Democrats paint starkly different pictures of America
This summerโs conventions featured strongly diverging visions of the future โ and the present.
The killjoyโs guide to how the financial turmoil might screw up your life
What could possibly go wrong?
Smart Clinics: Bringing healthcare to where itโs needed most
In rural Colombia, a converted bus and a 30-strong interdisciplinary team are bringing basic healthcare services to pregnant women affected by poverty.
EIT Knowledge and Innovation Communities ย โ uncovering the major impacts of a 15-year experiment
The EITโs first three industry-focused networks are now set to โgraduateโ. What have they achieved and are they ready to operate independently?
Germanyโs โDonโ Habeck girds for chancellor battle
After Foreign Minister Annalena Baerbock took herself out of the running, Economy Minister Robert Habeck is the likely chancellor candidate for the struggling Greens.
Why a disillusioned, angry Britain voted for change
A tour of Britain’s provincial towns reveals a restless nation with no love for its political class.
Turning Cyprus from a problem into a solution
Despite its division, Cyprus is an island of stability in an increasingly turbulent part of the world, and it offers a platform for political, economic, humanitarian and military reach at Europeโs intersection with the Middle East.
Pro-EU politicians need Roma voters
If taken seriously and treated fairly, the Roma could play an important role in shaping the blocโs future and strengthening its democratic foundations.
EUโs top diplomat slams โIsraeli occupation authoritiesโ
Josep Borrell’s home country, Spain, is taking the lead in the latest push to support Palestinian statehood, a step so far not backed by most EU countries.
Meet Keir Starmer: Britainโs next prime minister?
The buttoned-up lawyer is about to roll up his sleeves on the campaign trail.
Ursula von der Leyen is now a household name โ and that could be Europeโs salvation | Catherine De Vries and Isabell Hoffmann
With national leaders facing war, political division and economic crisis, backing the EU chief for a second term is their best hope of unityAs 400 million EU citizens prepare to cast their votes in Juneโs European elections, a new poll shows that it is…
Thereโs a hard-right tidal wave about to hit Europe โ and it will only make the economic crisis worse | Gordon Brown
Near-zero growth has crushed living standards, sending voters to populist demagogues. But they have no solutions to offerBy the time of the European parliament elections in June, this yearโs rightward ebb in European politics will have turned into a ti…
Economic crisis exposes Germanyโs ideological stalemate
Germany is the worst-performing major economy in the world, but ideological differences within the governing coalition are preventing a strong response, one way or another.
PMQs scorecard: Sunak and Starmer fight over who dislikes Liz Truss more
Liz Truss bore the brunt at prime minister’s questions
What do Europeans truly think of the EU?
Polls donโt tell the full story of what EU citizens want from upcoming EU elections โ and we need to dive deeper into the interplay between Europeansโ views on further EU integration and their takes on specific EU policies, write Bruno Cautrรจs and Thie…
German living standards plummeted after Russia invaded Ukraine, say economists
Energy price shocks had huge knock-on effect, with real wages falling further in 2022 than in any year since 1950, says reportThe energy shock caused by Russiaโs invasion of Ukraine has led to the biggest collapse in German living standards since the s…
EU election needs to bring out the best of Europe โ not the worst
European citizens need their institutions to recognize the demands of interdependence and global risk. They need a global vision โ not just local action.ย
Ursula von der Leyenโs reelection campaign gets off to a bumpy start
The German politician’s campaign apparatus isn’t yet in place but rivals โ and frenemies โ are on the attack.
What the UK wants for Christmas is to get Brexit undone | William Keegan
Importers, exporters, private citizens and the Labour party all urgently need the economy to function better than thisFor a long time, people would ask me: โWhy do you go on all the time about Brexit?โ My answer would take various forms, but essentiall…
How Houthi rebels are threatening global trade nexus on Red Sea
US is marshaling an international fleet as fears grow of Yemeni rebels’ impact on world economy
Angry Greeks recall Wildersโ nasty economic crisis remarks
Greek media reacted negatively on Thursday to the victory of the Dutch far-right PVV partyย in the recent elections saying its leader Geert Wilders built his career on bashing Greece in a populist way during the economic crisis years ago.
Dutch on brink of electing first female leader
Dilan Yeลilgรถz tells POLITICO she wants to cut immigration. With Wednesdayโs election still wide open, she might just get the chance.
Argentina elects far-right, chainsaw-wielding Javier Milei as president
The self-described anarcho-capitalist waved a chainsaw above his head at political rallies, as a symbol of his promise to slash the size of the state.
Cash for Cairo
In this edition of EU Politics Decoded, we look at how Egypt’s economic crisis is likely to drive an EU support package to cope with refugee flows from Gaza.
Spain collects โฌ3 billion in โsolidarity taxesโ on banks, large energy companies
Madridโs solidarity taxes on financial institutions and large energy companies that were implemented last year to mitigate the impact of the post-COVID-19 economic crisis has raised over โฌ2.9 billion, โฌ400 million more than initially planned, Finance M…
As Lebanonโs border simmers, life in downtown Beirut goes on (for now)
One doesnโt have to wander far to understand that affluent downtown camouflages the consequences of the countryโs disastrous financial crisis.
The longer Israel thinks, the more time Washington has to calm its wrath
Righteous wrath risks crushing not only Gaza but neighboring countries too. Is Biden playing for time, hoping to restrain the country?
Lebanese hold their breath as fears grow Hezbollah will pull them into war
Border fighting is crackling, and concern is mounting that Iran will push its Shiite proxy Hezbollah to an all-out assault against Israel.
Israel or Hezbollah miscalculation could blow region apart
The people of Lebanon and Israel are on edge, fearful of a broader conflict engulfing the region.
Economic crisis worse than expected, says German government
The government has downgraded its economic growth projections for the current year, signalling a deeper-than-expected economic crisis and slower recovery, according to their revised autumn forecast published on Wednesday. While the governmentโs spring …
Germany backs Chinaโs aid bank despite Canadaโs concerns
Beijing secures Berlin’s backing for the AIIB during Frankfurt visit by Xi Jinping’s top economic aide.
In Tunisia, the EU is repeating an old and dangerous mistake
The bloc’s migration agreement with Tunisia is just one example of a deeply immoral, dangerous and likely unlawful policy.
EUโs migration obsession is killing its commitment to human rights
The next victim of the blocโs migration obsession may well be itself.
Italyโs Meloni gets tough on migrants
Italian PM announces plan to build new detention centers to hold migrants for up to 18 months.
Von der Leyenโs State of the Union speech in 5 charts
Commission president’s annual address sees a new word rise in prominence.
Absence speaks loudly at the G-20
The summit of many of the worldโs leading economies is expected to tackle an array of issues, including global food security โ though some key players will be missing.
No Soros retreat from Europe
It is my great hope that the Open Society Foundations, in its reconfigured form, will be able to help the European project realize its full promise.
Why the UKโs economic upturn is a false dawn for the Tories
It looks like a recession is averted. But will that be enough?
The Tory heartlands where Liz Trussโ name is mud and โBorisโ is a dirty word
POLITICO dipped into the so-called Blue Wall for a weeklong tour of southern England.
Why China is not as powerful as the West might think
Xi Jinping’s brand of economic policy is less and less convincing to Western companies. Politicians are waking up, too.
As West fears Tunisia collapse, hopes of IMF bailout fade
Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows and have offered financial assistance. Yet prospects of Tunisia’s sealing the biggest deal of all — a $1.9-billion bailout from the IMF — seem increasingly …
Turkey’s deepening economic crisis prompts Erdogan to look West
Turkey’s leader hopes to mend relations and reassure foreign investors who ditched his struggling economy.
Cuba still in crisis two years after historic protests
Two years after unprecedented anti-government protests rocked communist Cuba, the deep economic and social problems that drove people to challenge a government notoriously intolerant of dissent have only gotten worse.