Debt

Klingbeil, Pistorius, Bas … German Social Democrats reveal ministers for Merz Cabinet
Germany’s junior coalition partner hands key ministries to familiar faces — and springs a few surprises.

16 countries to ask EU for fiscal leeway to spend big on defense

Mediobanca rebels at Rome’s efforts to force it into a shotgun marriage

Battle over top Italian insurer Generali pits oligarchs against Milan elite

Why US and China economic own goals give Europe an unlikely chance of glory

Europe’s debt set to surge again in new era of uncertainty, IMF warns

Longtime US allies say they have ways to fight back against Trump, and they’ll use them
Trump: ‘No intention’ of trying to fire Fed’s Powell
Trump has repeatedly called on the Fed to cut borrowing costs, which would help boost the economy ahead of a potential hit to growth from tariffs.
Can France and Germany’s new love-fest survive their lingering differences?
Paris and Berlin have been at loggerheads for years, but things are at last looking up.
Belgium warns defense spending boost will hurt welfare state
“Defense definitely requires our full attention, but so does also the sustainability of our welfare state,” says Budget Minister Vincent Van Peteghem.
Postwar Russian energy return ‘illusory,’ Belgium says
Belgian Energy Minister Mathieu Bihet told POLITICO he wants to phase out the country’s Russian gas imports — but didn’t back an outright ban.
The untold story of how Trump shocked Europe in a few short days
When the world changed, here’s how it looked to political insiders.
ECB expected to lower interest rates amid mounting recession fears
Analysts are predicting a cut to 2.25 percent from 2.5 percent.
EU warms to boosting defense funding to secure eastern flank
Eastern EU countries like Poland say they are currently bearing the financing brunt.
Shootings, debt and political paralysis show Brussels is falling apart
Losing €4 million a day and without a government, Belgium’s capital is in desperate need of leadership.
Breton urges EU to flex its muscles on trade
The market volatility caused by Trump’s back and forth on tariffs shows the U.S. “is not in a strong position,” the former EU commissioner tells Le Soir.
EU channels inner ‘Buddha’ as it reels from White House shocks
Finance ministers gathering in Warsaw will discuss tariffs and rearmament.
Trump tariffs: What just happened ― and what’s Europe’s gameplan?
It was a week when penguins, bonds, the new German coalition, Louisiana soybeans, fossil fuels, the EU’s Digital Markets Act, France’s creaking politics and American bourbon all became one news story. POLITICO explains what got us all yippy.
Friedrich Merz’s cabinet: Who will lead Germany’s key ministries?
Here are the politicians most likely to occupy top posts in the next government.
Facing Trump tariff threat, Germany’s new government bets big on boosting economy
Friedrich Merz’s new administration promises tax cuts, energy price reductions and a blitz of public-private investment funds.
China condemns JD Vance’s ‘peasants’ jibe
Beijing hammers US vice president as lacking “knowledge and respect” in escalating feud.
Trump’s tariffs add urgency to Germany’s coalition talks, says Merz
Merz signals a tougher stance on economic policy.
France risks missing deficit target because of Trump’s trade war, economy minister says
PARIS —The trade war with the United States might prevent France from bringing down its sky-high budget deficit, French Economy and Finance Minister Eric Lombard said on …
UK joined European officials at secret dinner to plot radical rearmament fund
A supranational bank would sidestep the European Commission, involve the British, and allow defense-spending off the balance sheet.
Macron’s new ‘second brain’ is an economic whizz and … Taylor Swift fan
Emmanuel Moulin is set to take over as the French president’s chief of staff later this month.
Italy’s Meloni struggles to hold her coalition together
The Italian prime minister has kept her government surprisingly intact for years — but pressure is building as Donald Trump pushes Europe to pick sides.
ECB’s Rehn on Trump tariffs: Europe must give as good as it gets
Bank of Finland governor says the EU should draw up “proportionate countermeasures” against U.S. tariffs.
Farm fight erupts over Brussels budget shake-up
As budget hawks eye the EU’s farm billions, Agriculture Commissioner Christophe Hansen and the agri world are digging in to defend the status quo.
Can Keir Starmer bring down bills before bills bring him down?
Downing Street is worried about rising energy bills. Every option for bringing them under control could bring political pain.