The UK is starting to get real about Europe – POLITICO

Paul Taylor is a contributing editor at POLITICO. After six years of chaos and recrimination since Britons voted to leave the European Union, there are signs the country is showing an unexpected outbreak of common sense in its approach to the bloc. In his first weeks in office, Prime Minister Rishi Sunak — a Brexiteer … Read more

EU diplomats see ‘London talking to London’ as Westminster debates Swiss-style pact with Brussels – POLITICO

British politics might be abuzz with talk of a “Swiss-style” relationship with the European Union — but the mood on the Continent is one of polite bemusement. UK Prime Minister Rishi Sunak was this week forced to push back at a report in the Sunday Times that “senior government figures” in his fledgling administration are … Read more

EU diplomats see ‘London talking to London’ as Westminster debates Swiss-style pact with Brussels – POLITICO

British politics might be abuzz with talk of a “Swiss-style” relationship with the European Union — but the mood on the Continent is one of polite bemusement. UK Prime Minister Rishi Sunak was this week forced to push back at a report in the Sunday Times that “senior government figures” in his fledgling administration are … Read more

Hungary vows to overhaul its judiciary, hoping to unlock EU funds – POLITICO

Press play to listen to this article Hungary has proposed extensive judicial reforms in a bid to unblock €5.8 billion in grants from the EU’s post-pandemic recovery fund, according to documents seen by POLITICO. The overture is the latest twist in a months-long standoff between Brussels and Budapest over the money, which Hungary increasingly needs … Read more

Liz Truss panics as markets keep plunging – POLITICO

Press play to listen to this article LONDON — Try as she might, Liz Truss just can’t calm the markets. Despite reversing her plan to cut tax for the highest earners, bringing forward a more detailed budget statement by almost a month and halting the appointment of a controversial senior civil servant to oversee the … Read more

Humiliation for UK’s ‘Kami-Kwasi’ chancellor as central bank steps in to halt market rout – POLITICO

Press play to listen to this article LONDON — Britain’s new leadership is facing a full-blown crisis after an unprecedented central bank intervention that appeared aimed at saving the UK from its own government’s policies. The Bank of England stepped in Wednesday to stop “material risk” to the UK economy in the wake of last … Read more

The euro faces its day of reckoning – POLITICO

Press play to listen to this article It should have been a day of celebration as the euro welcomed Croatia as its 20th country. But as finance ministers were endorsing the newest member of their club, the single currency slid towards a less welcome milestone: parity with the US dollar. Analysts are now asking how … Read more