Carlos Cuerpo, Spain’s economy minister, told the Financial Times he had come to Davos to counter the view that Europe was moribund, touting his country’s own stellar record, after it outpaced US ...
Europe’s generous welfare states are coming under increasing strain as weak economic growth collides with rising demands on government budgets, particularly from aging populations.
Domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle inflation, which has accelerated under record military spending.