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French Economy Downgraded by Fitch Financial Agency
The downgrade by Fitch is a slap in the face for the French government, and especially for Emmanuel Macron.
The downgrade by Fitch is a slap in the face for the French government, and especially for Emmanuel Macron.
The official story is that the U.S. economy grew by 1.1% in the first quarter. This number is heavily modified and tells us nothing. We have the real numbers.
Twenty years ago, Central Europe had the lowest birth rate in the EU. The region has seen the greatest improvement in recent years. At the same time, female employment is also at its peak, the at-risk-of-poverty rate is much lower, and real earnings are rising steadily.
While the EPP tried to reassure colleagues that the proposed legislation preventing child sexual abuse does not violate the personal privacy of EU citizens, many MEPs remain unconvinced, calling for different approaches.
The continent is decidedly moving towards the Right. This could mean that the current balance of power in Brussels could radically change in favor of the center-Right in 2024.
New data suggests an elevated risk for stagflation in Europe. Policymakers beware!
America’s states are supposed to be sovereign jurisdictions. Yet when the federal government is their main source of revenue, how independent are they really?
Financial markets are important to governments that need a lot of tax revenue to pay for their welfare states. The problem with taxes levied on financial markets is that they generate unstable revenue.
The more a tax system relies on financial markets, the more volatile and unpredictable those tax revenues will become. There is no doubt that the U.S. government is experiencing that in real time in 2023.
As dangerous as TikTok is, it’s not the only Chinese creation that deserves closer attention.
The troubles of this winter may cause Europeans to search for leadership alternatives focused more on national interests. The politics of Hungary and Italy may spread across the continent, with a rise of conservative victories.
We cannot know for certain what the outcome of the election will be; the very fact that there will be recounts only gives more weight to the “what happened?” question.
Jordan Bardella’s campaign relied entirely on the theme of continuity and loyalty with Marine Le Pen. In his inaugural speech, he focused on the traditional themes of the Rassemblement National, emphasising migration and civilisational issues.
Biden has become such a problem for the Democrats that some candidates have quietly asked him not to come and stump for them in their local races. His appearances would lose more voters than they would gain.
To cut the Gordian Knot constraining the Swedish economy, I suggest repealing the long-standing ‘fiscal framework’ that currently dictates how the Swedish Parliament conducts fiscal policy.
The government would like to achieve “almost 100% enforcement.” But, while the number of illegal immigrants continues to increase, removal measures are less and less applied. Statistically, an illegal immigrant is more likely to be regularised than to be removed.
Currently, the Democrats control both legislative chambers, but with very small margins. This is about to change.
So long as the Bank of England is entrusted with as much power as it has assumed for itself—it matters little whether the prime minister is Boris Johnson, Liz Truss, or even Margaret Thatcher.
The numerically smaller Ukrainian ‘David’ stumped the behemoth Russian ‘Goliath’ at the start of the operation. ‘Mission command’ style of leadership is the source of Ukraine’s strength.
There is only one path forward for conservatives: to combine tax cuts with structural reforms to welfare-state spending.
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