This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets.At the root […]
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Back to news homeEuro Hits Parity With U.S. Dollar for First Time in 20 Years
Take a look: €1 = $1.With a war on the eurozone’s border, an uncertain energy supply from Russia and a growing risk of recession, the pressures bearing down on the […]
Weakened Euro May Become Equal to the U.S. Dollar
The list of ailments troubling the eurozone economy was already stark: the highest inflation rate on record, energy insecurity and increasing whispers about a recession. This month, another threat emerged. […]
Russia-Ukraine War Is Reshaping How Europe Spends
Nicolae Ciuca spent a lifetime on the battlefield before being voted in as prime minister of Romania four months ago. Yet even he did not imagine the need to spend […]
Workers in Europe Are Demanding Higher Pay as Inflation Soars
PARIS — The European Central Bank’s top task is to keep inflation at bay. But as the cost of everything from gas to food has soared to record highs, the […]