1. French Budget, Growth Targets Seem Overly Optimistic

    France is counting on unspecified budget cuts and high economic growth forecasts to balance its budget.

    France announced €50 billion in savings on Wednesday as part of a budget that is supposed to significantly reduce the share of government spending in continental Europe's second largest economy. But its performance in recent years,…
  1. Crimea Annexation Could Kill Russia’s South Stream Pipeline

    The Black Sea pipeline could fall victim to European countries’ efforts to reduce their dependence on Russian gas.

    Russia's invasion and annexation of the Crimea last month could have repercussions for its plans to lay a pipeline on the bottom of the Black Sea. Britain's The Telegraph newspaper reports that the European Commission has warned Bulgaria not to intervene if it decides to block the project. Bulgarian foreign minister…
  1. Hungarians Reelect Nationalist Premier, Boost for Far Right

    Prime Minister Viktor Orbán wins a parliamentary election that also saw gains for the far right.

    Hungarians reelected the nationalist prime minister Viktor Orbán in a parliamentary election on Sunday, early results showed, and turned out in greater numbers for the far right Jobbik party. While Orbán's national conservative Fidesz party lost support compared…
  1. Greens Leave Government After Hollande Names Centrist Premier

    The ecologists split from France’s ruling coalition after President François Hollande asks his interior minister to form a new government.

    France's Greens broke away from President François Hollande's coalition on Tuesday after the president appointed the relatively centrist Manuel Valls as prime minister. Valls, the former interior minister, replaced Jean-Marc Ayrault after the ruling Socialists were defeated in local…
  1. Dutch, German Coalitions Unpopular Going into European Elections

    Conservative voters in two of Europe’s richest countries are dismayed by their governments’ emphasis on social issues.

    Less than two months before European Parliament elections are due, the ruling coalitions in two of the continent's richest countries are unpopular. A Deutschlandtrend poll published on Friday showed 55 percent of Germans "not very…
  1. Telecom Deal to Defuse China-Europe Trade Tension

    The European Union agreed not to investigate subsidies for Chinese phone companies in exchange for a stable market share.

    China and the European Union are preparing a telecommunications deal that could defuse trade tensions between the world's second largest economy and its largest trading bloc, The…
  1. Euroskeptics Win in French Local Elections, Lose Votes in Netherlands

    Marine Le Pen is building her party into a national force while Geert Wilders has thrown his group’s prospects in serious doubt.

    Right wing Euroskeptic parties in France and the Netherlands both did well in local elections last week. But whereas Marine Le Pen's Front national vastly improved its reach, support for Geert Wilders' Freedom Party dropped slightly in the cities…
  1. Venetians Vote to Break Away from Italy in Online Poll

    The lackluster pace of Italy’s economic recovery fuels separatist sentiment across the north of the country.

    Citizens of Venice and surrounding areas voted last week to secede from Italy, underscoring popular dissatisfaction in the richer north of the country with the lackluster pace of economic improvement. More than two out of nearly four million residents of…