Europe’s economy

Italy stands up to the EU

Matteo Salvini, Italy’s interior minister and leader of the Northern League © Alamy

Italy is defying the EU over public spending. But this time, the markets won’t come to Brussels’ aid. That’s going to be a big problem for the EU.

The two faces of Emmanuel Macron

Emmanuel Macron, the French president, presents himself internationally as a bold statesman – yet his much-needed domestic reforms are remarkable for their timidity, says Frédéric Guirinec.

Turkey’s coming default will shake the world

The emerging market may not seem like a significant player in the global economy, but if it reneges on its debt, that could have huge repercussions. John Stepek reports.

Turkey is just the canary in the coal mine

Turkey’s President Erdogan is pointing fingers for the collapse of the lira. But Turkey was never a target, says John Stepek. Rather, it is a victim of a changing economic environment.

What happens if we end up with a no-deal Brexit

There’s talk of chaos and the need to stockpile food and medicines – but what would really happen if Britain crashes out of the EU without a trade deal? Simon Wilson reports.

Things are getting ugly in Turkey – what does that mean for global markets?

Turkey’s currency is crashing, its debt is spiralling out of control, and foreign investors are deserting the country. If things get worse, says John Stepek, it could spark wider trouble.

Increasingly dire straits for Turkey

Turkey’s problems are going from bad to worse. Inflation is running at almost 16%, a 15-year high; faith in the government has deteriorated; and the currency has fallen by about 28% against the US dollar.

Emerging Europe comes of age

Central Europe is enjoying an EU-backed boom as manufacturers open facilities in countries such as Slovakia and Hungary.

A ceasefire in the trade war

There are doubts over whether Trump’s EU deal will last. Matthew Partridge reports.

The spectre of a crisis still haunts Europe

With talk of a trade war hampering equities in a region that is dependent on exports, investors are going cold on Europe.

Crunch time at Chequers

Theresa May has taken steps to end her Brexit fudge. Matthew Partridge reports.

Calling time on the supranationals

Countries are lining up to assert their sovereignty, says Merryn Somerset Webb. That’s bad news for supranational organisations.

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