EU budget spending needs serious re-thinking, OECD second-in-chief warns on 07/06/24 Before talking about new sources of income for the EU budget – known as ‘own resources’ – the EU should assess the efficiency of its current spending, Fabrizia Lapecorella, the deputy secretary-general of the Organisation for Economic Cooperation and Development, said this week.
Impact of EU sanctions on aluminum would be disastrous for Europe’s industry on 07/06/24 A new set of sanctions against Russia is being considered - the 14th round of sanctions since the Russian invasion of Ukraine began in early 2022. There are no good ideas for new economic measures against the Kremlin, but this does not justify the pursuit of bad ideas, writes Naike Gruppioni.
ECB starts cutting rates, but warns on inflation on 06/06/24 The ECB made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.
German businesses warn against ‘Dexit’ amid fears of far-right gains on 06/06/24 Germany's exit from the EU, labeled as "Dexit", would cost the country's economy €200 billion a year, business lobby INSM warned, as Germany's far-right AfD party, currently second in the polls ahead of this weekend's EU elections, maintains a strong anti-EU rhetoric.
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