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The Economist Continental Europe Edition

The Economist Continental Europe Edition 07/07/2018

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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8 min.
the world this week

Politics Andrés Manuel López Obrador, a left-wing populist, won Mexico’s presidential election with 53% of the vote. He defeated candidates from the ruling Institutional Revolutionary Party (PRI) and the National Action Party, which between them have governed the country since the early 20th century. Mr López Obrador’s Morena party and its allies won a majority in both houses of congress and five of the nine governorships that were contested in the elections. The PRI is now the fifth-largest party in congress. A court in Ecuador ordered the arrest of a former president, Rafael Correa, who now lives in Belgium. A former legislator, Fernando Balda, has accused Mr Correa of arranging his kidnapping in Colombia in 2012. During Mr Correa’s presidency the government accused Mr Balda of participating in an unsuccessful coup attempt.…

5 min.
transatlantic rift

AMERICA did as much as any country to create post-war Europe. In the late 1940s and the 1950s it was midwife to the treaty that became the European Union and to NATO, the military alliance that won the cold war. The United States acted partly out of charity, but chiefly out of self-interest. Having been dragged into two world wars, it wanted to banish Franco-German rivalry and build a rampart against the Soviet threat. After the Soviet collapse in 1991, the alliance anchored democracy in the newly liberated states of eastern Europe. Today, however, America and Europe are separated by a growing rift. The mood before the NATOsummit in Brussels on July 11th and 12th is poisonous. As President Donald Trump accuses the Europeans of bad faith and of failing to…

5 min.
how india fails its women

LAKSHMI, the goddess of wealth and fortune, is the closest thing Hinduism has to an economic deity. How poorly her earthly sisters in present-day India are faring. There, women are less likely to work than they are in any country in the G20, except for Saudi Arabia. They contribute one-sixth of economic output, among the lowest shares in the world and half the global average. The unrealised contribution of women is one reason India remains so poor. Yet far from joining the labour force, women have been falling away at an alarming pace. The female employment rate in India, counting both the formal and informal economy, has tumbled from an already-low 35% in 2005 to just 26% now. In that time the economy has more than doubled in size and the…

3 min.
mistrust and verify

To: Secretary Pompeo From: CIA DPRK Senior Desk Officer Re: Your Forthcoming Mission to Pyongyang Classification: Top Secret SIR: Decades of trying to keep tabs on North Korea’s bombs and missiles have taught us that the Norks lie and cheat and that they throw hissy fits when we call them out. Kim Jong Un and POTUS got along famously but we must assume that Little Rocket Man is going to try it on again. We need an agreement that stops him doing that. Some basic requirements: 1. A plausible declaration. In the past few days we have facilitated some stories in the press about what they are up to: stepping up uranium enrichment and expanding one of their missile factories. This has let the Norks know that we know that they plan to cheat. So…

3 min.
faangs v bats

IT IS the world’s most titanic commercial fight. Facing off are the towering giants of American and Chinese tech, led by the FAANGs (Facebook, Amazon, Apple, Netflix and Google’s parent, Alphabet) on one side and the BATs (Baidu, Alibaba and Tencent) on the other. These are some of the planet’s biggest firms, with a combined stockmarket capitalisation of more than $4trn. At play are some of its most promising markets. Why, then, has the battle largely escaped attention? One reason is where it is taking place. The titans have avoided each other in their home markets, and rising trade tensions make it ever less likely that a clash will happen there (see Finance section). Except for Amazon and Apple, the FAANGs are already all but banned in China. America, meanwhile, is…

3 min.
fall in, or halt

CITIZEN armies have been replaced in most countries by professional soldiers, who tend to do a better job of defending the nation than conscripted interns. But the draft is making a comeback in some surprising places. Sweden brought back military service this year, after an eight-year hiatus. France’s president, Emmanuel Macron, is planning to revive national service, which was abolished in 1997. Thinkers in America, Britain and elsewhere have floated the idea—and polls suggest that voters like it. Some small countries with menacing neighbours, like Sweden and Lithuania, are resuming conscription for defensive purposes. But others have different motives. France, which will let teenagers work in a civil organisation rather than the armed forces if they prefer, hopes to foster social cohesion. This cuddlier sort of conscription is already popular in…