The center-right government just proposed a very good budget. Ten years too late.
When the next major fiscal crisis hits, Europe’s credit-challenged governments will pull down the banks with them. A crisis bigger than the one 15 years ago can no longer be ruled out.
The French government is facing the same fiscal crisis as in 2012—but this time, the ECB won’t be able to help them.
If there is one takeaway from this assassination, it is that conservatives must get up from their armchairs and stop being nice. You cannot talk to those who hate you.
Like a rudderless ship, France is sailing straight for the same cliffs that broke the Greek economy 15 years ago. Will President Macron meet his Waterloo in the hallowed hallways of the IMF?
Facing a major budget gap, Bucharest must choose: fix the deficit or launch a broader economic rescue. So far, Prime Minister Bolojan has shown little leadership to do either.
Slovakia faces the same budget dilemma as Germany. Whether Prime Minister Fico will match Chancellor Merz’s bold move to announce an end to the welfare state remains to be seen.
The U.S. president is moving to take control of the Fed board—a power grab that could spell economic disaster for both the U.S. and Europe.
Chancellor Merz has conceded that Germany can no longer sustain its expansive welfare state—a fiscal surrender to economic reality that other nations may soon be forced to replicate.
Doomsday reports on Hungary’s economy are everywhere—but most read more like wishful thinking than real analysis.
Despite widespread predictions, Russia’s economy hasn’t buckled under sanctions—but cracks are starting to show.
As some countries ramp up social benefits to strengthen emerging welfare states, others are scaling back in a bid to rein in systems that have grown beyond what their tax bases can sustain.
