2nd Dec 2023


Russia's war to cost Germans €260bn

Russia's war in Ukraine is to cost Germany's economy some €260bn by 2030 according to a study by the Institute for Employment Research. Its GDP will fall by 1.7 percent by next year, putting 240,000 Germans out of work, due to high energy prices, which will hurt the chemicals and metals industries, it noted. Inflation will also see Germans spend less on leisure, hitting the hospitality industry, it added.

Read and decide

Join EUobserver today

Become an expert on Europe

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

... or subscribe as a group

Brussels denies having no 'concern' on Spain's amnesty law

The Spanish government remains secretive about its negotiations with pro-independence Catalans, but claims the EU Commission has "zero concerns" about their proposed amnesty law for Catalan separatists. The EU executive denies that.


Dubai's COP28 — a view from the ground

Discussion of the biggest existential threat humanity has ever faced is barely mentioned on billboards or signage in Dubai — yet visitors are made aware quite quickly that t world rugby sevens tournament is imminent.

Join EUobserver

Support quality EU news

Join us