Britain can’t buck the markets

Jamie Dettmer is opinion editor at POLITICO Europe. Last week, Britain was the center of global attention as it pulled off a breathtaking royal funeral, replete with the military pomp of yesteryear. “Queen’s farewell makes Britain proud again, just for one day,” was the headline over a column by the Guardian’s John Crace. “Thoughts that […]

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France to look into MidCat pipeline again as energy crunch tightens

PARIS — The French government said Wednesday it is re-assessing its opposition to completing the so-called “MidCat” pipeline from the Iberian Peninsula to Northern Europe. France has repeatedly ruled out the €3 billion gas pipeline project, but faces renewed pressure from Portugal, Spain and Germany, who argue the project can help solve the Continent’s energy supply problems. In the […]

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Slovak PM warns energy crisis will ‘kill our economy’

Soaring electricity costs are leaving Slovakia’s economy at risk of “collapse,” Prime Minister Eduard Heger told the Financial Times. In an interview published Wednesday, the Slovakian leader said the huge increase in prices following Russia’s invasion of Ukraine would “kill our economy” unless Bratislava receives billions of euros of support from Brussels. Heger added that […]

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IMF urges Liz Truss to think twice about UK tax-cutting plan

The International Monetary Fund urged U.K. Prime Minister Liz Truss to “re-evaluate” her tax-cutting plan, saying it will “likely increase inequality” in a harsh statement released Tuesday evening. The IMF is “closely monitoring” the situation in the U.K. after Chancellor Kwasi Kwarteng announced the mini-budget last Friday, which sparked the pound crashing to an all-time […]

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