Die Welt Front Page 5/12/2024
The front page of Die Welt reports “Europe’s largest economies are stagnating”.
Germany, France and Italy are the economic heavyweights of the Eurozone. But these countries are the ones that are stagnating. The OECD has lowered its forecasts even further for the coming year. Germany stands out in particular – to the detriment of several other countries.
‘France on verge of economic and political meltdown’ – Paper Talk Europe
Several political stories dominate the bloc’s news today. The ongoing crisis facing the French government leads most websites. France is grappling with a mounting fiscal crisis, with government debt levels and budgetary constraints pushing the country into uncharted territory. PM Michel Barnier’s choice to force through the budget was always going to be an issue, and amid the turmoil far-right leader Marine Le Pen has emerged as a key figure capable of stabilising the political landscape.
France’s financial struggles carry significant implications for the EU. France’s inability to adhere to fiscal targets undermines broader EU economic stability.
The results of Ireland’s snap general election are expected to be tight as counting continues and no clear winner has emerged.
Georgia is in its fourth night of protesting as the country finds itself at a crossroads. The government’s push for a “Brexit-like” mandate clashes with growing demands from a minority faction advocating for closer ties with the European Union.
