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The U.S. government is already running a lot of red ink, with a projected $1.9 trillion deficit for fiscal year 2025. However, the Trump tax cuts will increase the total deficit by 20% over the next 10 years.To put these numbers in perspective, in 2016, just nine years ago — before Trump’s first time in the White House — the federal deficit was a mere $500 billion. After Trump passed his tax cuts for corporations and wealthy individuals in 2017, the deficit jumped 80% to about $900 billion in one year. Although Congress increased spending on some programs, the tax cuts were the main driver.

Government of the rich, by the rich, for the rich

Trump’s massive tax cuts are designed to wreak havoc in the already feeble social fabric of the United States

In a Europe short on heavyweight leadership, Meloni is emerging as the continent’s most potent political figure. Once dismissed as a fringe nationalist, Italy’s prime minister now holds a powerful position both at home and abroad, while her counterparts in France, Germany, Spain and the UK falter, building momentum and a reputation as the EU’s most stable and strategic player.

Georgia Meloni: The lady of the hour

By: EBR | Wednesday, July 9, 2025

In a Europe short of leaders, the Italian Prime Minister is now fast emerging as the continent’s most influential leader.

Fourth, by understanding the functioning of the global supply chain in combination with the ESG (environment-society-government) legislative framework that will necessarily lead to a new more resilient and sustainable operating model; and Fifth , with the changing nature of competition and market over-concentration. Competition is primarily about prices and is likely to lead to a reduction in profit margins but it is also about quality, service and the overall service provided to the customer.

Τhe Retail market for 2025 and challenges for the day after

By: EBR | Wednesday, July 9, 2025

Estimates for global retail turnover for the year are around $30 trillion and the contribution of e-commerce will be remarkable with over 25% of total turnover and with the dominant markets in e-commerce being those of North America, Asia and Europe

Officials attempted to reassure themselves that all of that was a good thing because it was an implicit extension of what was agreed in Washington. But the lip service and shifting dynamics among allies toward Kyiv were clearly detected in Moscow. Where the Europeans were meant to bring the game-changing moves was through the French and British-led so-called coalition of the willing.

Zelensky is the world’s loneliest leader

By: EBR | Tuesday, July 8, 2025

Ukrainian President Volodymyr Zelensky still has to constantly advocate for real military support, while Russia has escalated its attacks and benefits from more reliable supplies from its partners. To end the war, Europeans must bolster their support, agree on air defense strategies, and weaken Russia’s defense industry

For context, the HFSF currently owns approximately 67% of ATHEX, a stake it acquired during the height of the Greek financial crisis. Euronext’s bid — emerging victorious in a competitive process reportedly including other major international players — is a reflection of confidence in the strategic importance and potential of the Greek market within the broader European framework.

Euronext’s Move to Acquire the Athens Stock Exchange: A tangible vote of Confidence to the Greek Economy.

By: EBR | Thursday, July 3, 2025

Euronext’s ongoing negotiations to acquire the majority stake in the Athens Stock Exchange (ATHEX) mark a significant development for the Greek capital markets

No-one would have been more keenly aware of the potential pitfalls of this summit than Nato Secretary General Mark Rutte, who was involved in a surprising exchange with the US president in which he referred to him as "daddy".Rutte had already flattered Trump in a private message for "decisive action in Iran" that "NO American president in decades could have done". Trump had then posted his words on his social media network and Rutte denied being embarrassed.

Five takeaways from Nato’s big summit on hiking defence spending

By: EBR | Wednesday, July 2, 2025

For the Netherlands this was the biggest security operation in its history; for Nato’s 32 member states the Hague summit was historic too

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Nevertheless, the strikes did weaken the Iranian system’s military capabilities. There is now a short window for effective diplomacy to transform the U.S. intervention into a turning point in resolving one of the region’s most enduring threats. For that, the United States would be wise to leverage Europe’s hawkish posture; team up with France, Germany, and the UK (the E3); and involve Arab partners, China, and Russia.

The small window for an EU-U.S. diplomatic push on Iran

By: EBR | Wednesday, July 2, 2025

To turn U.S. strikes on Iran’s nuclear program into a long-term resolution, Washington should seize the moment and cooperate with France, Germany, and the UK on diplomatic talks

China has over between two and three million employees, known as the 50 Cent Party, whose job is to monitor and censor the Chinese online information environment.Moreover, China is creating a “techno-block” with countries (especially in Africa) to which it is supplying back-end information infrastructure. It is also exporting closed-circuit television (CCTV) surveillance technology for monitoring and controlling their societies.

Welcome to the Gray War

By: EBR | Wednesday, July 2, 2025

China’s cyber and info war is already here — and the U.S. is playing catch-up

For Netanyahu, bombing Iran wasn’t just a security imperative; it was a legacy-defining moment. He had warned about Tehran’s nuclear ambitions since the 1990s. Now, with Israel striking Iranian facilities and Hezbollah leadership eliminated in the north, he has finally fulfilled his career-long promise.

How Bibi Netanyahu outsmarted Biden, defied the EU, and still bombed Iran

By: EBR | Wednesday, June 25, 2025

Despite corruption charges, mass protests, and mounting international pressure, Israel’s longest-serving prime minister used his alliance with Trump and skillfully exploited global divisions to execute his most audacious move yet

Many initiatives have been proposed (Military assistance mission in support of Ukraine, maritime security operation ASPIDES, adoption of the EU space strategy for security and defence, and the cyber resilience act, reinforcement of the single intelligence analysis capacity and the EU satellite Centre, adoption of the third EU-NATO joint declaration, publication of a European defence industry package, including a strategy and a legislative proposal for a defence industry programme among other initiatives).

The European Union at the crossroads

By: EBR | Monday, June 23, 2025

Any observer of the international context may, quite understandably, struggle to process the forces that are at play: the terms under which Russia’s war of aggression in Ukraine might end;

NATO remains the guarantor of last resort for its members that border the Black Sea: Bulgaria, Romania, and Turkey. No matter how the war against Ukraine ends, Russia will still be a challenge. The Kalibr cruise missiles on Moscow’s ships and submarines can wreak havoc beyond Ukrainian cities. NATO is already ensconced on land, with France and Italy leading multinational contingents in Romania and Bulgaria, respectively. As in the Baltic, there is a NATO air-policing mission over the Black Sea. Whether European allies can deter Russia effectively in case of a U.S. drawdown remains to be seen.

The Black Sea has become the fulcrum of Europe’s security

By: EBR | Thursday, June 19, 2025

The Black Sea is pivotal in Russia’s war against Ukraine and the wider standoff between Moscow and the West. To counter the Russian threat in the region, the EU has adopted a new strategy, and Turkey is building up its capabilities

For example, there will inevitably be even greater numbers of Africans seeking refuge in Europe. And the United States, having abandoned the soft power of foreign aid, will alienate many governments across the world that were friends, so damaging U.S. business and security interests over time.  

The humanitarian crises that we dare to ignore

By: EBR | Thursday, June 19, 2025

The failure of Western governments to address the humanitarian disasters and the corruption fueling conflicts in Africa is as short-sighted as it is tragic.

In 1980 it accounted for almost a third of the global economy, but now just 15 per cent. On the other hand, Europe was mostly a geographical description then; the EU numbered nine countries, whereas today it has three times as many, its own currency and an embryo political structure. The bloc is potentially a super-power,” he states.

Giles Merritt’s new book: Timebomb. When Ageing Explodes

By: EBR | Wednesday, June 18, 2025

People may be living longer throughout Europe but that is creating “massive unfairness” says a new book on ageing, recently launched in Brussels

Ironically, U.S. President Donald Trump’s dismantling of subsidies might open the door to a transatlantic tech transfer—an unexpected answer to the competitiveness concerns of former European Central Bank president Mario Draghi. This pragmatic approach could help Europe onshore climate tech that supports the Clean Industrial Deal, and even implement a “reverse Inflation Reduction Act (IRA).”

Europe’s playbook for climate engagement with the United States

By: EBR | Tuesday, June 17, 2025

Europe should leverage the U.S. climate policy shift and safeguard its green transition goals by building cooperation on geothermal energy among other things and focusing on technologies that enhance security and decarbonization

Prosecutors said Goran Vasic, the acting director of the Republic Institute for the Protection of Cultural Monuments, had admitted to fabricating an expert opinion which had been used to justify the change of status. He faces charges of abuse of office and forgery of official documents.

A Belgrade landmark bombed by Nato could get Trump makeover

By: EBR | Monday, June 16, 2025

One of the first sights that greets arrivals to the centre of Serbia’s capital Belgrade are government buildings in an advance state of collapse. Nato planes bombed them back in 1999

Between dependence and deterrence: Recasting the transatlantic relationship

By: EBR | Thursday, June 5, 2025

The Pentagon has it right: Mutual interest and common sense, not pseudo-intellectual exercises in civilizational splittism, ought to govern the U.S.’s relationship with Europe

Making the situation even more complicated are the structural challenges within the British economy. The National Health Service, social care, and hospitality sectors are heavily reliant on migrant workers, most of whom come from non-EU countries. Starmer’s push to tighten visa requirements for low-wage industries risks triggering labour shortages and undermining his drive for economic growth — a key pillar of his government’s success — pitting political promises against economic realities. Business leaders warn that without overseas staff, the UK’s fragile recovery could easily stumble.

Starmer’s international wins can’t hide his domestic migration headaches

By: EBR | Wednesday, May 28, 2025

Despite international deals, the UK prime minister faces rising pressure from Reform UK, internal Labour critics, and voters demanding tougher border controls

Five decades ago, American Jews represented about 20% of Harvard undergraduates. Some critics claim that the decline in Jewish enrollment to 10% indicates a less welcoming attitude at Harvard. But in fact, the decrease reflects the dramatic changes in the racial composition of a class.Fifty years ago, the student body was about 80% white and 12% Black — with a small percentage of Asian Americans. The demographics have changed dramatically since then.

Trump escalates his war on the Ivy League

By: EBR | Monday, May 26, 2025

The Trump Administration has launched an assault on Ivy League universities in an unprecedented attack on academic freedom.

EU and the New World (Dis)Order

By: EBR | Thursday, May 22, 2025

Germany and Europe face a period of strategic uncertainty. How to use it constructively?

Two members of the Brussels commission include age-related responsibilities in their portfolios – Croatia’s Dubravka Suica has demography as part of her Mediterranean overview, and Malta’s Glenn Micallef lists  ‘intergenerational fairness’ along with youth activities and sport. Neither has the budget and a directorate-general to suggest determined EU policy initiatives are in the pipeline.

It’s time for an EU Action Plan to address the impact of Europe’s ageing

By: EBR | Wednesday, May 21, 2025

It’s risky to predict anything nowadays

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EU Actually

Danish social democratic prime minister Mette Frederiksen sometimes tougher on migration than Giorgia Meloni

N. Peter KramerBy: N. Peter Kramer

With her country holding the rotating EU presidency the second half of 2025, Danish prime minister Mette Frederiksen is advocating a stronger EU with more defence and less migration

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Greek MEPs demand tariff-free trade in medicines as new deadline looms

Greek MEPs demand tariff-free trade in medicines as new deadline looms

Greek MEPs Papandreou and Tsiodras warn that US pharma tariffs threaten health and supply chains, urging the Commission to react accordingly.

Business

To save the Single Market, bring back Delors’ 1992 playbook

To save the Single Market, bring back Delors’ 1992 playbook

Most people familiar with EU affairs know the single market is a myth. Hailed as the bedrock of the European Union, it was never completed and is now crumbling.

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