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Europe’s big election season is about to kick off. It could change everything | Nathalie Tocci

If far right nationalists gain power in four big countries simultaneously, we are in for a dramatic Trumpian tilt When it comes to Europe’s economy or its peace and security, it is obvious that decision-making has to be done largely at the European level to be meaningful. Yet electoral politics is still conducted mostly at the national level. The silver lining of this mismatch is that from country to country in Europe we have governments with different political priorities and leanings. Unlike in the US, where one presidential election can radically change the entire country’s course, as we have seen so vividly under Donald Trump’s leadership, the same drama has not so far unfolded in Europe. This may be about to change. Pedro Sánchez rolled the dice in Spain last week, calling a snap election for next month after an unholy alliance of the conservative People’s party (PP), the far-right Vox and Catalan pro-independence party Junts blocked his big housing reform package in parliament....
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IMF warns global economy ‘could soon test the limits of resilience’

World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026

The global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned.

In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months.

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