The Ministers of Finance of 10 EU countries called for strengthening the European Stability Mechanism in a joint statement (ESM), the Finnish Ministry of Finance reported. "Strengthening the European Stability Mechanism will make the EU's crisis management strategy more reliable and effective, say the finance ministers of ten EU member states in a joint statement," the report says. A statement...

New US sanctions against Iran come into force On November 5. They will affect the banking and oil sectors of the country and can finally paralyze the Iranian economy. The EU is unhappy with the new US sanctions adopted after Washington left the Iranian nuclear program, which is a key element in the global security system. Here are key facts regarding US sanctions against Iran. What sanctions...

The European statistical agency Eurostat presented data on the dynamics of euro zone GDP for the third quarter of the year. The economy’s growth was only 0.2% compared with the previous quarter, which is the lowest rate since 2014. Experts attribute the decline in economic activity in the euro zone to the slowing economy in Italy, as well as the decline in industrial production in Germany...

Chancellor Merkel actually lost the next election - this time in Hesse. At the elections held on Sunday, the ultra-right from the AFD and the Greens greatly added, while the Christian Democrats and their allies lost a lot of seats in the Landtag. The elections in Hesse, the central land of Germany, have always attracted everyone’s attention, and one of the reasons for this is that the land hosts...

The right-wing radical politician, former military man Jair Bolsonaro, became Зresident of Brazil: he won 55% of the vote as a result of the second round of elections on October 28. The voters were not deterred by the numerous warnings that they choose a "homophobe", "sexist", "racist" and even "fascist". Those who voted believe that the new President will be able to rid the country of corruption...

The rapid digitalization of the economy resulted in the fact that the majority of the population of small and medium-sized businesses in Europe is finding it difficult to find people with the proper skills and qualifications in the field of digital technologies. Not only officials and experts of the labor market of individual European countries, such as the United Kingdom and France, but also...

The European authorities should not approach the upcoming elections to the European Parliament as an ordinary event, Justice Commissioner Věra Jourová warned her colleagues. And it’s not only and not so much about the coming political race between supporters of Eurocentrism and nationalists. According to the European Commissioner, scandals surrounding the leakage of data in Cambridge Analytica...

For thousands of US companies, the changes associated with the conclusion of a new agreement on the North American free trade zone, replacing NAFTA, can lead to complications and uncertainties when doing business in Mexico, and this country is the third largest US trading partner. The previous trade agreement, NAFTA, included provisions that allowed American firms operating in Mexico and Canada...

A draft budget proposed by the Italian government, suggesting a threefold increase in the deficit, to 2.4% of GDP, caused criticism not only in Brussels. On Friday, the rating agency Moody`s lowered the country's credit rating by one notch. A similar review can be undertaken in a week by Standard & Poor`s. The parliamentary coalition, however, declares its intention to adopt the budget...