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The Economist Continental Europe Edition

The Economist Continental Europe Edition 06/17/2017

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.

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The Economist Newspaper Limited - Europe
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8 мин.
the world this week

Politics Emmanuel Macron’s movement came first with 32% of the vote in the first round of France’s legislative elections. The result puts the president’s party, La République en Marche!, on track for the largest majority ever in the National Assembly after the second round on June 18th. The centre-right Republicans came second, while the far-right National Front led by Marine Le Pen was sidelined. Hundreds of people were arrested in protests held in dozens of cities across Russia. They were organised by Aleksei Navalny, an anti-corruption activist who plans to run against Vladimir Putin in presidential elections next year. Mr Navalny was subsequently arrested and sentenced to 30 days in jail. Coalition negotiations in the Netherlands collapsed after the GreenLeft party refused to support restrictive asylum policies that seemed to contravene the international…

5 мин.
europe’s saviour?

FLORENCE LEHERICY is a nurse, but on Monday she is likely to start a new career as a parliamentary deputy for Calvados, in northern France. Jean-Marie Fiévet, a fireman, will join her from a constituency in Deux Sèvres in the west. Both are political novices. They belong to La République en Marche! (LRM), the movement behind Emmanuel Macron, who last month also won his first ever election—and duly took control of the Elysée Palace. Welcome to the revolution. Across France people have risen up against a political class that failed them (see page 19). The first round of voting for the legislature, on June 11th, suggests that LRM, which Mr Macron created only14 months ago, will win at least 400 of its 577 seats. The Socialists will lose 90% of their…

3 мин.
taxi for travis

IT HAS been a wild ride. Seven years ago Uber launched itself as an app connecting well-heeled users with nearby limousines. It has since become the most prominent tech startup in the world, with a valuation of $70bn. The company’s hard-charging culture—embodied in Travis Kalanick, Uber’s co-founder and boss—was celebrated, not questioned. No longer. The firm is fending off accusations of stealing autonomous-car technology. It is being investigated for allegedly designing software to identify and evade transport regulators. Most toxic are charges of rampant sexism. Mr Kalanick and his band of brothers created a workplace more reminiscent of a bar than a business. For months a law firm has investigated what are believed to be more than 200 claims of misconduct, including sexual harassment, discrimination and bullying. Uber is belatedly making efforts…

4 мин.
storm clouds and silver linings

THERESA MAY called a snap election two months ago to build a “strong and stable” government. How those words will haunt her. On June 8th voters decided that, rather than transform her small majority into a thumping one, they would remove it altogether. The result is a country in an even deeper mess. Mrs May is gravely wounded but staggering on. If and when she goes, yet another election may follow—and its plausible winner would be Jeremy Corbyn, of Labour’s far-left fringe. On the eve of the Brexit referendum’s first anniversary, the chaos it has unleashed rumbles on unabated. With negotiations due to begin in Brussels in days, the circumstances could hardly be less promising. Yet the electoral upset has thrown up a chance for Britain and the European Union to…

3 мин.
maple grief

IN MATTERS of finance, if not climate, Canada is usually temperate. It was barely moved by the economic storms that blew the roof off America and Europe in 2008-09. Its banks were steady, it was argued, in part because they were shielded from the ferocious competition for market share that pushed banks elsewhere into hazardous loans. For all that, in its housing market Canada has lately become a place of extremes. Household debt has climbed to almost 170% of post-tax income. House prices rose by 20% in the year to April. Looked at relative to rents, they have deviated from their long-run average by more than any other big country The Economist covers in its global house-price index. In Toronto, one of two cities, along with Vancouver, where the boom has…

3 мин.
champions chained

SHORTLY after he took over as China’s leader in 2012, Xi Jinping had some encouraging words—at least, so they seemed to some of China’s eternally beleaguered liberals. It was essential, said Mr Xi, “to ensure that all citizens are equal before the law, to respect and guarantee human rights, and to enable citizens to enjoy extensive rights and freedoms in accordance with the law.” His exhortation was aimed at the rapidly growing middle class that wanted the Communist Party to rule with a lighter and fairer touch. Without their support, officials feared, the party’s grip on power would be in jeopardy. But it turns out that Mr Xi is even more fearful of giving the middle class freer rein than he is of upsetting them. Three years later, in 2015, he…