Countries like France and Germany have seen a recent rise in populist political parties that were once written off as archaic extremists but have been picking up seats in governments because of a growing public frustration with the political establishment.
The economic output of the 20-country Eurozone grew just 0.2 percent in this year’s second quarter, Eurostat, the European Union’s statistics agency, reported after previously estimating a 0.3-percent expansion.
Economic hardship in various countries across the globe has contributed to massive political unrest that has resulted in killings, violent protests, and material damage.
Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
The U.S. does not support a plan proposed by Brazil and supported by France and several other countries to impose a global tax on billionaires, treasury secretary Janet Yellen said last week.
Emmanuel Macron, the French president intent on playing an important role in Europe’s response to Russia’s invasion of Ukraine, announced last week that Paris will provide Kyiv with another military package that was previously unannounced as Russian forces seize more territory in the north.
France announced a state of emergency last week in New Caledonia, an island off the coast of Australia that has faced a violent uprising after Paris pushed plans for electoral reforms in its overseas territory... i.e., colony.
Activity in Germany’s export-dependent manufacturing sector fell again this month, sliding more than expected.
Ukrainian President Volodymyr Zelensky signed major defense agreements with Germany and France to ensure that his war with Russia will continue to drag on and continue to kill Ukrainians and Russians instead of negotiating for peace.
Surprising analysts, France’s economy contracted by 0.1 percent in this year’s third quarter, the national statistics agency said after revising its estimate down from an initial 0.1-percent gain.