BRUSSELS— The European Union head office is opting not to sanction two of its biggest economies just yet for missing public finance targets and instead will give France and Italy until the spring to bring their debts and deficits in line. Paris and Rome have been accused of being too profligate in their budgetary spending plans at a time when the EU and the 18-...» Read More
The state’s grip on the economy has been tightening. Could foreign pressure persuade the new leadership to reverse course?
World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday.