An interesting analysis by Wolfgang Munchau, which does not bode well for Gereman hegemony in the EU.
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
Estonian Prime Minister Kaja Kallas on Friday called for talks on a new government after her ruling coalition fell apart, urging unity because of security concerns over neighbouring Russia. Read Here
NATO’s Vilnius summit is placing fresh demands on Germany to increase its military aid to Ukraine. Foreign Minister Anne Baerbock speaks stridently of the West’s role in the war — but Germans are increasingly reticent […]