The emergency defense summit in Paris on Monday on the eve of negotiations over the war in Ukraine strongly implies that a large increase in defense spending among European Union nations is coming. That outlay may be as large as $3.1 trillion over the next decade, Bloomberg reported. Any such move ... READ MORE >
European Union
European energy crisis: A quandary with no good policy options
Europe is facing a growing energy crisis as Russia cuts off natural gas supplies, leaving nations with no good policy choices to contain the fallout. The United Kingdom on Thursday announced a price cap that will freeze the average household’s energy bill at 2,500 pounds for two years. This scheme ... READ MORE >
Private equity and venture capital stay resilient in the EU and UK
After a year of upheaval, private equity and venture capital dealmaking ended last year on a strong note in the European Union and the U.K., and that momentum is poised to continue. Consider where the industry stood at the beginning of 2020. After the Conservative Party’s decisive victory in late ... READ MORE >
RSM Brexit Stress Index eases as Johnson secures deal
Prime Minister Boris Johnson and the European Union reached a Brexit deal in last-minute talks on Thursday, giving reassurance to the foreign exchange market and a boost to the equity market. But its passage is far from assured, with several immediate hurdles still to be overcome, including what is ... READ MORE >