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The Economist Continental Europe Edition

The Economist Continental Europe Edition May 4, 2019

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 Juan Guaidó, who is recognised as interim president of Venezuela by many democracies, appeared outside an air-force base in Caracas and urged the armed forces to overthrow the socialist dictatorship of Nicolás Maduro. Leopoldo López, an opposition figure kept under house arrest by the regime, appeared with Mr Guaidó after being freed by security personnel. America reiterated its support for Mr Guaidó. Backed by Russia and Cuba, Mr Maduro said he had defeated an attempted coup. Amid more protests, Mr Guaidó called for strikes to topple the government. Unions staged a national strike in Argentina to protest against the austerity policies of Mauricio Macri, the president. Mr Macri’s popularity has taken a dive of late, and he is up for re-election in October. Cristina Fernández de Kirchner, a spendthrift populist ex-president,…

5 мин.
tech’s raid on the banks

OVER THE past two decades people across the world have seen digital services transform the economy and their lives. Taxis, films, novels, noodles, doctors and dog-walkers can all be summoned with a tap of a screen. Giant firms in retailing, car-making and the media have been humbled by new competitors. Yet one industry has withstood the tumult: banking. In rich countries it is perfectly normal to queue in branches, correspond with your bank by post and deposit cheques stamped with the logo of firms founded in the 19th century. Yet, as our special report this week explains, technology is at last shaking up banking. In Asia payment apps are a way of life for over 1bn users. In the West mobile banking is reaching critical mass—49% of Americans bank on their…

3 мин.
how to get rid of maduro

APRIL 30TH DAWNED promisingly in Venezuela. Juan Guaidó, acknowledged as the country’s interim president by many democracies and millions of Venezuelans, appeared outside an air-force base in Caracas flanked by national guardsmen to declare that the end of the dictatorship was imminent. By his side was a leader of the opposition, Leopoldo López, who had somehow been freed from house arrest. His presence, and that of the guards, suggested that Venezuela’s security forces were ready at last to withdraw their support for Nicolás Maduro, who has ruled his country catastrophically and brutally for the past six years. Thus began two days of rumour, intrigue and violence (see Americas section). As The Economist went to press the regime was still in charge and the generals were proclaiming their loyalty to it. Mr…

4 мин.
agent orange

WHEN THE Bharatiya Janata Party (BJP) won a landslide victory in India’s general election in 2014, its leader, Narendra Modi, was something of a mystery. Would his government initiate an economic lift-off, as businessfolk hoped, or spark a sectarian conflagration, as secularists feared? In his five years as prime minister, Mr Modi has been neither as good for India as his cheerleaders foretold, nor as bad as his critics, including this newspaper, imagined. But today the risks still outweigh the rewards. Indians, who are in the midst of voting in a fresh election (see Asia section), would be better off with a different leader. Mr Modi is campaigning as a strongman with the character to stand up to Pakistan for having abetted terrorism. In fact, sending warplanes to bomb India’s nuclear…

4 мин.
the west’s forgotten war

LOOKING SOMEWHAT dishevelled and sometimes confused, the leader of Islamic State (IS), Abu Bakr al-Baghdadi, issued his first video message in five years on April 29th. His tone was mostly gloomy. His followers have been vanquished in battle. His “caliphate” in Iraq and Syria lost its last bit of territory in March. Yet the fanatic who popularised beheading videos also offered his followers some hope. He welcomed the recent pledges of allegiance to IS from jihadist groups in Mali and Burkina Faso, and singled out for praise Abu Walid al-Sahrawi, the leader of Islamic State in the Greater Sahara. The front line of the jihadists’ war against everyone else has moved to Africa. Last year almost 10,000 people, mostly civilians, were killed in jihadist-related violence in Africa. That is almost as…

3 мин.
netflix and pills

A WORLD WITHOUT antibiotics is horrible to contemplate. They underpin much of modern medicine and are essential for patients undergoing chemotherapy for cancer, organ transplants or common surgeries such as caesarean sections. Yet the global rise of antimicrobial resistance, exemplified by the spread of Candida auris—the latest infection terrorising hospitals—and super-resistant gonorrhoea, is alarming. Resistance could kill 10m people a year by 2050, up from 700,000 today. This week a UN commission recommended immediate and co-ordinated action to avoid a calamity whose economic cost, the World Bank reckons, could rival that of the financial crisis of 2008-09. That the pharmaceutical market does not always work well is hardly news. It has failed to develop many kinds of drugs, including new vaccines and treatments for diseases that mainly afflict the poor. But…