Germany now the ‘Sick Man of Europe’
Germany has long been regarded as the engine of the European economy but that engine is sputtering and the "Sick Man of Europe" label is starting to stick.
Finance
Latest reporting and analysis on finance.
Italy strikes deal with EU to unlock third tranche of recovery fund
Italy and the European Union have agreed on a deal that will unlock a long overdue third instalment of Recovery Fund cash, with some of the money and targets pushed…
Economic chaos shows ‘miserable’ Belgium is ‘finished’, separatist party claims
Ongoing chaos surrounding tax reform in Belgium shows that the country is "finished" and should be abandoned as soon as possible, a separatist party in the country…
EC quizzed over legality of cash-ban in EU shops
Questions have been raised over the legality of shops in the European Union refusing to accept anything other than digital payment methods, with the European Commission…
Germany approves austerity budget following economic downturn
The German Government’s cabinet approved its new budget on July 5, which will see substantial spending cuts as the European Union's biggest economy slides further…
Germany sees investors fleeing amid economic downturn
Germany has seen investors fleeing the country at record levels as it enters its worst economic downturn in years.
Ruble hits weakest in 15 months after Wagner challenges Putin
The ruble weakened as much as three per cent against the dollar on Monday, the most this year, after a mutiny by mercenary commander Yevgeny Prigozhin, whose brief…
Not so much Zeitenwende as progressive puffery: Germany’s first national security strategy is long on modish clichés and short on military thinking
Not since Willy Brandt’s 1970s Ostpolitik has a German geopolitical term made such waves as Olaf Scholz’s Zeitenwende.
European Commission urges Germany not to dig in on stricter EU debt rules
European Economy Commissioner Paolo Gentiloni urged governments to set aside rigid positions on the reform of the bloc’s debt rules and seek common ground as the…
British tourists visiting Spain to undergo finance, accommodation checks
British tourists visiting Spain will have to prove they can afford to stay for the duration of their holiday in the sun - and show where they will be based.
Ireland: both rolling in cash and crashing hard
Ireland might have recorded the Eurozone's biggest GDP slump last quarter but a healthy cash surplus, the product of huge corporate taxes paid by a handful of US…
Lira plunges as Erdogan appoints first-ever female central bank governor
The Turkish lira has plunged to record lows after President Recep Erdogan named Hafize Gaye Erkan as the new and first-ever female leader of the country’s central…
Eurozone enters recession
The Eurozone is officially in recession, according to data released by Eurostat on June 8, after the 20-nation bloc suffered two consecutive quarters of economic…
Meloni pushes Tunisia to accept IMF loan
Italian Prime Minister, Giorgia Meloni, is urging Tunisia's president to accept the IMF loan conditions to rehabilitate the country's collapsing economy.
UK still European financial powerhouse
The UK has cemented its role as the financial powerhouse of Europe, extending its lead over France as the most attractive location in the region for foreign direct…
Tunisian President central bank power grab could derail IMF bailout
The President of Tunisia, Kais Saied, wants to reduce the independence of the country’s central bank, Banque Centrale de Tunisie, in a move that threatens a much-needed…
Record deaths among homeless people on the streets of Brussels
More homeless people died on the streets of Brussels last year than ever, according to a group dedicated to addressing homelessness and fatalities among those with…
Crypto anonymity ‘no longer possible’ in EU
The anonymity deemed essential in the crypto universe will “no longer be possible” following the adoption of EU legislation on May 16, according to EU sources.
Italians ‘prepared to strike’ over soaring cost of pasta
Profiteering pasta producers and war in Ukraine blamed for price spikes impacting Italian appetites