BOLOGNA — As monetary and fiscal authorities have acted aggressively to blunt the COVID-19 pandemic’s economic impact, public debt and central-bank balance sheets have swelled rapidly. In the European Union, this trend is compounded by a new 750 billion euros ($886 billion) COVID-19 recovery fund, which includes the issuance of so-called “recovery bonds” guaranteed by…
For the longest time, Labour leader Jeremy Corbyn has been accused of sitting on the fence on Brexit. Now, he says he has a plan. But can he lead the UK out of its crisis? Rob Mudge looks at his credentials. It has been a long time coming. But now, with the prospect of Britain…
After two years of Trump treating European allies like adversaries, France and Germany have finally committed to creating an EU-wide army. The move promises to shore up existing alliances, writes German economist Hans-Werner Sinn. We know who our friends are. Source: DPA Donald Trump is making an intolerable show of himself in Europe. Not only…
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 can prevail. On the same day that members of the Social Democratic Party in Germany…