Why Europe pays several times the price of the war in the Middle East
Key Takeaways
- End-February hostilities penalize Europe’s economy.
- War allows Russia to monetize its oil more.
- European impatience grows as leaders distance themselves from Washington.
Europe bears costs of war
Why Europe is paying multiple times the price of the war in the Middle East.
“Why Europe is paying multiple times the price of the war in the Middle East”
The hostilities launched at the end of February penalize the continent's economy and, at the same time, give Russia a bit of air, as it can monetize its oil more.
In the end, Europe's security is at stake.
Impatience is growing in Europe, where even leaders favorable toward Washington no longer hesitate to distance themselves from the war in the Middle East.
Thus the German chancellor, Friedrich Merz, who has become increasingly critical after having first seemed to give the go-ahead, at the end of February, to the United States and to Israel.
The Christian Democrat cited among his concerns the rise in energy prices and the 'large-scale migratory flows' that could be triggered.
Domestic political shifts
On the same topic: The fate of Marseille is hanging on the decision of outgoing mayor Benoit Payan to ally with LFI to prevent the RN's victory, Franck Allisio.
The former head of Olympique Lyonnais, Jean-Michel Aulas, was described as the big favorite in the polls.
Supported by the right and the center, he ultimately finished behind the outgoing ecologist mayor, Grégory Doucet.
Election results in Le Havre
The Horizons candidate in the presidential election topped the first round of municipal elections in Le Havre (Seine-Maritime), with 43.8% of the votes, far ahead of the communist candidate, supported by the left outside LFI, Jean-Paul Lecoq (33.2%).
“Why Europe is paying multiple times the price of the war in the Middle East”
The UDR candidate, Franck Keller, qualified for the second round with 15.3% of the votes.
Grants delays, Yves Rocher ruling
Troubles.
For three weeks now, individuals can again submit a grant application, but at the price of surreal waiting times.
The applications for the first half of 2025 are still under review.
The Paris judicial court has just condemned, on March 12, the parent company of Yves Rocher to pay damages to former employees of a Turkish subsidiary, dismissed after having joined a union recently established in the company, on the grounds of the duty of vigilance.
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