Christine Lagarde among those to take top EU jobs after marathon summit

Christine Lagarde has been proposed for the presidency of the European Central Bank ( AFP/Getty Images ) European Union leaders have agreed on who should next fill the bloc’s top positions following a marathon summit. European Council President Donald Tusk announced … Read More

EU heads back Germany’s von der Leyen to be new Commission president

The European Union’s leaders have thrown their weight behind German Defence Minister Ursula von der Leyen to become the new president of the European Commission, a development that came after a marathon of contentious talks that saw Europe’s political heavyweights abandon the … Read More

2019: Europe’s year of reckoning

posted in: European Union, News

What with Brexit and EU parliament elections looming, dramatic change could happen in Europe next year, writes Joschka Fischer, a former German foreign minister. Politically, 2019 will be an extraordinarily important year for the European Union. The United Kingdom is … Read More

Europe’s economy is getting hit from all sides

Europe’s economy turned in its best performance in decades in 2017. There won’t be a repeat anytime soon. Growth is expected to slow dramatically this year as Europe grapples with new trade barriers, uncertainty over Brexit and political spats that … Read More

Turkish lira in free-fall as Trump doubles metals tariffs

posted in: European Union, News

After US president hikes taxes, Turkish president encourages Turks to buy lira in two separate speeches as currency hits record lows. The value of the lira dropped as much as 20 percent on Friday (AFP) President Recep Tayyip Erdogan told … Read More

Deutsche Bank shifts key business away from London. Brexit could spark an exodus

Two years ago, London had a lock on a key financial business called euro clearing. Then came Brexit. Deutsche Bank has 98,000 staff around the world, including 7,000 in the United Kingdom and 30,000 in Germany. (File Photo) LONDON (CNNMoney) … Read More

Germany’s political crisis is about the future of Europe

posted in: Germany, News

Can you say “No” to a German chancellor when all she is asking you for is 14 days? There is one man who did. Horst Seehofer, interior minister and chairman of the Christian Social Union, the Bavarian sister party of … Read More

Italy’s New Populist Government Pledges to Deport 500,000 Migrants

Italy’s new populist government is expected to deport 500,000 immigrants from the country. Giuseppe Conte, who became Prime Minister on June 1, heads a coalition between the Five Star Movement and Lega parties. Conte’s cabinet, comprised of chiefs of anti-establishment … Read More

How did EU-founding member Italy go Eurosceptic?

The Lega party’s leader Matteo Salvini (C), accompanied by party colleagues Gian Marco Centinaio (L) and Giancarlo Giorgetti (R), addresses the media after a meeting with Italian President Sergio Mattarella at the Quirinal Palace, Rome, Italy, 21 May 2018. [EPA-EFE] … Read More

Want to Understand What Is Wrong With Europe? Look at Italy

Luigi Di Maio, of the Five Star Movement, celebrating victory with his supporters in Pomigliano D’Arco, Italy, on Tuesday. CreditCiro Fusco/European Pressphoto Agency CAMBRIDGE, England — Italy’s election this week has destroyed any remaining hope that the center in European politics … Read More