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The Economist Continental Europe Edition

The Economist Continental Europe Edition 06/09/2018

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.

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The Economist Newspaper Limited - Europe
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NOK 2,165
51 Utgaver

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8 min.
the world this week

Politics Italy at long last got a new government. Nominally headed by a non-political lawyer, Giuseppe Conte, it is in reality an uneasy coalition formed from the populist left-wing Five Star Movement and the nationalist Northern League. It is promising both tax cuts and benefit increases, which could rapidly clash with the EU’s budget rules. Spain got a new government, too. Its prime minister, Mariano Rajoy, was ousted by a censure motion related to old corruption charges against his party. The new prime minister is Pedro Sánchez, of the Socialist party, which controls only 24% of the seats in the lower house. In Slovenia, an anti-immigrant party won the most seats in a snap election, but fell short of a majority. Forming a government may prove difficult or impossible, since other parties refuse…

5 min.
demolition man

PICTURE this: next week in Singapore President Donald Trump and Kim Jong Un crown their summit with a pledge to rid the Korean peninsula of nuclear weapons. A few days later America and China step back from a trade war, promising to settle their differences. And in the summer, as sanctions bite, the streets of Tehran rise up to cast off the Iranian regime. These gains would be striking from any American president. From a man who exults in breaking foreign-policy taboos, they would be truly remarkable. But are they likely? And when Mr Trump seeks to bring them about with a wrecking ball aimed at allies and global institutions, what is the balance of costs and benefits to America and the world? Don’t you ever say I just walked away You may…

3 min.
rules of war

OF ALL President Donald Trump’s assaults on multilateralism, his trade policy is the most relentless. On June 1st his administration expanded tariffs of 25% on steel and 10% on aluminium to include imports from allies: the European Union, Canada and Mexico. The tariffs are justified by “national security”, a ruse to render them legal at the World Trade Organisation (WTO). The White House may not stop there. It is investigating whether imports of cars and car parts also pose a “threat”. America’s allies are brandishing their own lists of levies on American imports, as is China. Should they strike back? The arguments against retaliation are clear. A tit-for-tat trade war will unleash destructive mercantilism, which lurks everywhere, not just in the White House. Even in good times, politicians usually forget that…

3 min.
the gain in spain

THOUGH only a few days old, June has been cruel to the European Union. In Italy, on June 1st, the first all-populist government was formed since the second world war. It brings together in bizarre conjunction the maverick left-wing Five Star Movement, a party founded nine years ago by a television comedian, and the hard-right nativists of the Northern League. Also on June 1st Mariano Rajoy, Spain’s prime minister, was dispatched in a confidence vote that has brought to power an even narrower minority government under Pedro Sánchez (pictured). His Socialists control only 24% of the lower house. Not for the first time, Spain and Italy appear to shadow each other through economic and political tumult. Either or both governments may be short-lived. And nervous markets have pushed up the bond…

3 min.
images aren’t everything

RADIOLOGISTS, say the pessimists, will be first against the wall when the machines take over. Analysing medical images is a natural fit for “deep learning”, an artificial-intelligence (AI) technique which first attracted attention for its ability to teach computers to recognise objects in pictures. A variety of companies hope that bringing AI into the clinic will make diagnosis faster and cheaper. The machines may even be able to see nuances that humans cannot, assessing how risky a patient’s cancer is simply by looking at a scan. Some AI researchers think that human beings can be dispensed with entirely. “It’s quite obvious that we should stop training radiologists,” said Geoffrey Hinton, an AI luminary, in 2016. In November Andrew Ng, another superstar researcher, when discussing AI’s ability to diagnose pneumonia from chest…

3 min.
how to win the world cup

“FOOTBALL is a simple game,” explained Gary Lineker, formerly the captain of England’s team. “Twenty-two men chase a ball for 90 minutes and at the end, the Germans always win.” Billions of fans will nonetheless pour their hopes into the World Cup, which begins in Russia on June 14th. Many people will join in even if their countries have not made it to the competition. Bangladeshis follow the World Cup fervently, ignoring killjoy officials who have tried to stop them flying flags. The flags of Argentina and Brazil, that is—Bangladesh’s national team is ranked 197th out of 207 in the world and has never qualified for the World Cup. The Economist is looking forward to the competition, too. Not because we think the country that hosts our head office has much…