The scary EU elections result and the delayed Council’s repentance

The European elections on 25 May revealed the rise of extremist parties in Europe. 12 countries out of 28 will send ultranationalists deputies to the new European Parliament. France chose the radical Front National (French Nationalist Party) to represent its citizens at the European Parliament. Around 25% of the French votes were in favour of the Front National; […]

Italy and Greece zeroed their fiscal deficits, expect Germany’s response

While the political scenery in Italy and Greece – the two key countries in Eurozone’s fight against sovereign excessive debt – could be termed as critical, their economic prospects do not seem discouraging at all. In this respect Italy gained a positive assessment from the IMF last week. The Fund’s report points to the zeroing […]