Monday

2nd Oct 2023

Ticker

Bundesbank: German recession increasingly likely

Germany's Bundesbank warned in a report on Monday that a recession in the eurozone's largest economy is increasingly likely, and inflation will continue to soar, possibly peaking at over 10 percent this autumn, Reuters reports. Germany's heavy industry is highly exposed to Russian gas supplies, with the spike in costs meaning "declining economic output in the winter months has become much more likely," the central bank said.

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Analysis

Slovak's 'illiberal' Fico victory boosts Orban, but faces checks

Fico has the potential to shift Slovakia from the West and jeopardise the EU unity in its stance against Russia's Ukraine war. His victory could also have a domino effect in central Europe and empower of other far-right, populist movements.

Agenda

European Political Community and key media vote This WEEK

A major meeting of leaders from all over Europe will take place this week, with security and enlargement as key topics for discussion. In the Parliament, MEPs are expected to vote on the European Media Freedom Act.

Analysis

Is the ECB sabotaging Europe's Green Deal?

The European Central Bank (ECB) recently raised interest rates to the highest point in the currency's 21-year existence — but the effects of its policies on renewables are badly understood.

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