Business & Finanz
The Economist Continental Europe Edition

The Economist Continental Europe Edition 11/25/2017

The Economist is the premier source for the analysis of world business and current affairs, providing authoritative insight and opinion on international news, world politics, business, finance, science and technology, as well as overviews of cultural trends and regular Special reports on industries and countries.

United Kingdom
The Economist Newspaper Limited - Europe
Mehr lesen
CHF 349
51 Ausgaben

in dieser ausgabe

8 Min.
the world this week

Politics Talks in Germany over forming a new coalition government headed by the Christian Democrats (CDU) collapsed when the Free Democrats walked out. The previous “grand coalition” of the CDU and Social Democrats was punished by voters in September’s election, losing over 14% of the vote. Angela Merkel said she would prefer to hold a fresh election rather than lead a minority government. Ratko Mladic, the commander of Bosnian-Serb forces during the Bosnian wars of the 1990s, was sentenced to life in prison by a UN tribunal for genocide and other crimes against humanity. His troops slaughtered more than 7,000 male Bosnian Muslims in the town of Srebrenica in 1995. Gerry Adams, the president of Sinn Fein for 34 years, announced that he would retire next year. A dominant figure among Northern Irish…

5 Min.
the case for taxing death

NO TAX is popular. But one attracts particular venom. Inheritance tax is routinely seen as the least fair by Britons and Americans. This hostility spans income brackets. Indeed, surveys suggest that opposition to inheritance and estate taxes (one levied on heirs and the other on legacies) is even stronger among the poor than the rich. Politicians know a vote-winner when they see one. The estate of a dead adult American is 95% less likely to face tax now than in the 1960s. And Republicans want to go all the way: the House of Representatives has passed a tax-reform plan that would completely abolish “death taxes” by 2025. For a time before the second world war, Britons were more likely to pay death duties than income tax; today less than 5% of…

3 Min.
one out of two ain’t good

WHY is America’s Department of Justice (DoJ) trying to block a merger between AT&T, a telecoms giant, and Time Warner, a media conglomerate? Simple, say some: President Donald Trump has it in for CNN, which is owned by Time Warner. It matters to the independence of America’s trustbusters whether Mr Trump’s tastes have steered the DoJ. But he happens to be right when he says that the deal is “not good for the country”. The real problem is not the DoJ’s move, but the contradictions in his administration’s competition policies. A day after the DoJ filed its complaint, the Federal Communications Commission (FCC) announced plans to repeal rules which protect “network neutrality”, the principle that internet-service providers (ISPs) must treat all sorts of digital traffic equally. That would enable AT&T and…

3 Min.
deadlock in berlin

IN THE churn of European politics, with America seemingly pulling out and Russia pushing in, many hoped that Germany would rise up. They looked to Angela Merkel, its chancellor, to resist populism. They dreamed that the Franco-German partnership, energised by France’s new president, Emmanuel Macron, could strengthen the enfeebled European Union—just as soon, of course, as Mrs Merkel got her fourth poll victory out of the way. German voters thought otherwise. In the election on September 24th they punished Mrs Merkel’s grand coalition of Christian Democrats (CDU/CSU) and Social Democrats (SPD) . These “GroKo” parties collectively lost almost 14% of the vote, most of that going to right-of-centre parties, including the populist Alternative for Germany. The chancellor tried to negotiate a three-way coalition of her CDU/ CSU, the revived pro-business Free…

3 Min.
winter is coming

THE glass of booze that chancellors of the exchequer may sip while delivering the budget speech is well deserved. High economics, low politics and bad jokes combine in an hour-long monologue before a baying crowd. Philip Hammond, who presented his budget on November 22nd, had it harder than most. The deficit still yawns, voters are sick of austerity and, amid a Conservative civil war, many of Mr Hammond’s own side want rid of him. Impressively, he stuck to mineral water. It was a decent speech, focusing on the dire productivity problem that is holding Britain back (see page 33). It should be enough to save his job, which is just as well, since he is one of the few remaining sensibles in Theresa May’s cabinet. But Mr Hammond’s budget was a…

4 Min.
a more perfect union

MARRIAGE idealises permanence, and yet it is changing more rapidly than at any time in its history. Almost everywhere it is becoming freer, more equal and more satisfying. As our special report this week explains, wedlock has become so good that it is causing trouble. The most benign changes are taking place in poor and middle-income countries (where most people live). Child marriage, once rife, is ebbing. So is cousin marriage, with its attendant risk of genetic defects, though it is still fairly common in the Middle East and parts of Asia. Relations between husbands and wives have become more equal (though not equal enough). As women earn more and the stigma of divorce fades, more men are finding that they cannot treat their wives as servants (or, worse, punchbags), because…