Slower growth comes on the back of households counting the pennies as they are confronted with higher borrowing rates and decreasing state help to cover energy costs, which shot up after Russia invaded Ukraine two years ago. “After a bruising 2023, the European economy has emerged a little weaker than expected, although the rebound should … Read more
Miguel Otero-Iglesias a senior analyst at the Elcano Royal Institute in Madrid. Faced with a choice between successfully completing the green transition, effectively achieving economic security and aiming for fiscal discipline, the European Union is confronted with a new trilemma — and it cannot accomplish all three. But while Germany — with its debt brake, … Read more
Last ditch talks between the EU’s finance ministers planned for Wednesday on an overhaul of the EU’s public spending rules look set to fall short amid continued disagreement between Germany, France and Italy, according to officials in Brussels. French Finance Minister Bruno Le Maire and his German counterpart, Christian Lindner, will face the press on … Read more
