Wednesday

17th Apr 2024

Ticker

Study: EU economy could see 4.2% hit from Russia energy ban

The EU's GDP would shrink by 2.5 to 4.2 percent, and inflation would rise by 1.6 to 2.7 percentage points overall, if Europe were to stop buying all energy products from Russia, the Bank of Spain said in a study out Tuesday. At the same time, Russia's economy is to shrink by 7.6 percent and inflation to almost double to 16.4 percent this year, 18 analysts polled by Reuters said.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

EU leaders mull ways to arrest bloc's economic decline

With Europe falling behind the US and losing ground to China, the special European Council will focus mainly on Europe's economic competitiveness in the global arena. But talks will also cover Ukraine, Turkey and the Middle East.

Police ordered to end far-right 'Nat-Con' Brussels conference

The controversial far-right "National Conservatism" conference taking place in Brussels was ordered to halt at the behest of the local neighbourhood mayor — in what critics described as a publicity victory for the populist right.

Opinion

How Hungary's teachers are taking on Viktor Orban

Orban and his administration are pursuing a strategy of running-down public education in Hungary. They have been explicit in their aims and how their assault on 'non-Christian' teachers is a small price to pay for the cultural shift they want.

Column

What do we actually mean by EU 'competitiveness'?

Enrico Letta and Mario Draghi are coming up with reports on the EU's single market and competitiveness — but although 'competitiveness' has become a buzzword, there's no consensus on a definition for what it actually means.

EU puts Sudan war and famine-risk back in spotlight

The EU is hoping to put the international spotlight back on Sudan amid a war where half the population is at risk of famine. And Josep Borrell, EU foreign policy chief, also warned of Russia's presence in the country.

Join EUobserver

EU news that matters

Join us