Austerity

Italy harbors doubts about hitting 2 percent NATO target
Rome outwardly says it can easily reach politically unpopular defense spending targets without cutting vital services.

Why five judges could blow a hole in Labour’s economic plans

No Plan B? Labour’s Project Growth still isn’t paying off

Will the threat of Trump end Germany’s austerity zeal?

‘Not why I joined Labour’: Keir Starmer’s MPs agonize about welfare cuts

Welfare vs. warfare: France’s political parties divided over cash for defense

Germany’s Merz has 2 weeks to deliver historic spending revolution
Scottish Labour’s Keir Starmer problem
The Scottish party hopes crucial elections won’t be a referendum on Keir Starmer’s faltering start as UK prime minister.
As Trump torches overseas aid, will Britain step up?
Britain used to lead the world on international development. But in the era of right-wing populists, its Labour government is now treading carefully.
Eurozone economy stagnates as Germany struggles
The currency union is settling into a two-speed economy.
Macron unveils plans to move ‘Mona Lisa,’ build new Louvre entrance as billions in budget cuts loom
The French president said the project would be paid for by the museum’s own resources and private donors, not taxpayer money.
EU goes easy on France’s Bayrou as he tries to plug €53B black hole
The fledgling Paris government is “trying their best” to get a budget through parliament after a previous version sunk its predecessor.
Forget Elon Musk — here’s what’s really terrifying the UK government
A return to austerity was not in Keir Starmer’s plans — and it risks shredding Labour’s credibility while populists snap at its heels.
Colonialism and greed are undermining action to stop biodiversity loss, report says
Radically transforming the way we live is challenging, experts say, but it’s necessary to address nature destruction as well as social inequity.
EU’s top diplomat demands answers from von der Leyen on embassy cuts plan
Kaja Kallas was asked by lawmakers about a plan first seen by POLITICO to cut staffing at EU embassies around the world.
Commission urges gradual spending cuts to dodge austerity repeat
The EU’s outgoing commissioner Gentiloni encourages reforms and investments to keep growth alive.
UK budget: 5 things you need to know as Labour hikes taxes
Big swings from the new chancellor will reshape the British state.
UK budget: 7 things to watch for as Labour hikes taxes
From splashing the cash to going for growth, here’s how Britain’s first female chancellor wants to run the economy.
Charge tourists to access Notre-Dame in Paris, French minister proposes
Non-EU visitors could also have to pay extra to enter the Louvre Museum, under proposals made by Rachida Dati.
Schadenfreude reigns as Berlin pays the price of its tough line on debt
“It’s karma, no?” said one European official.
The great switcheroo: How France overtook Italy as the EU’s No. 1 budgetary basket case
As Paris blows its long-earned fiscal credibility, Rome has started to look respectable in the eyes of the EU’s fiscal cops.
100 days of Starmer: How Labour’s big win went off the rails
After just a few months in office, the new British government is finding life tough.
Top Labour MP resigns, decrying ‘greed and power’ of Starmer’s party
Rosie Duffield quit the party over the ongoing freebies scandal and the prime minister’s austerity policies.
Financial services role goes to Albuquerque ― but she brings baggage
Former Portuguese finance minister is known for introducing harsh economic austerity.
Rachel Reeves’ 7 reasons to be cheerful
Britain’s strait-laced chancellor was sent out to cheer up the nation — and insist there’s more to Labour than penny-pinching.
Justin Trudeau loses governing partner
Progressive NDP says Liberals are “too weak, too selfish” to take on Canada’s Conservatives.
Keir Starmer doesn’t want the UK to end up like Germany
On a visit to Berlin, the new British prime minister may look at Chancellor Olaf Scholz as a cautionary tale.
Keir Starmer says he wants a better Brexit trade deal
The new U.K. prime minister told Northern Ireland’s government in Belfast existing rules must be enforced before he could seek further changes.
Labour’s top policy priorities
A deep dive into what Keir Starmer’s government will tackle in their first 100 days and then in their first year.