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The Economist Continental Europe Edition

The Economist Continental Europe Edition November 19, 2016

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, a former economy minister in France’s Socialist government, announced that he would run for the French presidency next year. Mr Macron has set up his own political party, En Marche! (“On the Move!”), and will run as an independent. This has riled many Socialists, who worry that by entering the race Mr Macron will hinder their chances of getting to the second round of the election. Russia withdrew its signature from the founding statute of the International Criminal Court. Though Russia had never ratified the ICC treaty, the move by Vladimir Putin carried symbolic weight, and came a day after the court released a report describing the annexation of Crimea in Ukraine by Russia as an occupation and armed conflict. Bulgaria’s presidential election was won by Rumen Radev of the…

5 мин.
the new nationalism

W HEN Donald Trump vowed to “Make America Great Again!” he was echoing the campaign of Ronald Reagan in 1980. Back then voters sought renewal after the failures of the Carter presidency. This month they elected Mr Trump because he, too, promised them a “historic once-in-a-lifetime” change. But there is a difference. On the eve of the vote, Reagan described America as a shining “city on a hill”. Listing all that America could contribute to keep the world safe, he dreamed of a country that “is not turned inward, but outward—toward others”. Mr Trump, by contrast, has sworn to put America First. Demanding respect from a freeloading world that takes leaders in Washington for fools, he says he will “no longer surrender this country or its people to the false song…

3 мин.
and a pony for everyone

WHEN trying to answer a big question without much information, it is tempting to assign great significance to the few facts that can be found. So it is with Donald Trump and the Republican Congress that will be sworn in next year. Mr Trump’s proposed cabinet is being scrutinised for signs of how he will govern, but no one yet knows whether the president-elect will let his team run their fiefs or take all the decisions himself. No one knows what will be the balance of power between the White House, the vice-president, the Senate and the House. Nor does anyone know if Mr Trump will stick to the promises he made while campaigning or whether he will abandon them. It is probable that he himself does not know. One available…

4 мин.
europe’s biggest populist danger

ONE by one, liberal democracies are waking up to find their certainties trampled by the march of close-the-borders populism. First came the vote for Brexit, then Donald Trump’s election as America’s next president. Now France is bracing itself for a momentous presidential vote in 2017 in which the stakes could not be higher—not just for the well-being of France, but for the future of Europe itself. Of the two spots in the run-off next May, one will almost certainly go to Marine Le Pen, leader of the National Front (FN). That is turning the French primaries campaign into a nerve-racking contest: a race for the candidate best placed to defeat Ms Le Pen (see page 23). She has vowed to pull France out of the euro and to hold a “Frexit”…

3 мин.
try, persist, persevere!

ONE of the first casualties of Donald Trump’s victory on November 8th has been the Trans-Pacific Partnership (TPP), a free-trade deal with 11 Pacific Rim countries that Barack Obama saw as central to one of his defining foreign policies—the “pivot”, or “rebalance”, to Asia. White House officials this week made clear that they will now not try to push TPP through the lame-duck session of Congress before the inauguration of president-elect Trump in January. On the face of it, that also kills TPP for the 11 other Pacific Rim countries that signed it in February (see page 44). Yet, as the leaders of the TPP countries gather in Lima on November 19th to join their colleagues at the Asia-Pacific Economic Co-operation (APEC) chat-fest, instead of burying TPP, they should try to…

3 мин.

WHEN the management of a giant company engages in a civil war, everyone gets hurt. That is the sorry situation at Tata Group. It is India’s most important firm, with $100bn of sales, tens of millions of customers and products that range from salt to software. Tata is also one of the emerging world’s largest multinationals, spanning technology services, steel in Europe and carmaking in China. And until a few months ago it was a rare beacon of good governance in Asia. That reputation has now been shredded owing to a brutal fight for control between Ratan Tata, the group’s 78-year-old patriarch, and Cyrus Mistry, his successor. The battle is bad for Tata, rotten for its outside investors who have tens of billions of dollars at risk, and damaging to India.…