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Europe's economy needs help. Political chaos in France and Germany means it may be slower in coming

Even before the French and German governments collapsed, Europe's economy had enough difficulties. Where once there was the so-called French-German axis to push Europe ahead, now there's a vacuum. French Prime Minister Michel Barnier resigned Thursday after losing a vote of confidence,
The article from Yahoo Finance discusses the current economic challenges facing Europe, highlighting the need for political stability and effective policy measures to foster growth. It points out that Europe's economy is grappling with issues like high inflation, energy crises, and the ongoing effects of geopolitical tensions, particularly the war in Ukraine. The piece emphasizes that while the European Central Bank has been raising interest rates to combat inflation, there is a growing call for more comprehensive political action to address structural economic weaknesses. This includes improving energy security, reducing bureaucratic hurdles, and enhancing the competitiveness of European industries. The article also notes the potential impact of the upcoming elections and political shifts, which could either exacerbate or alleviate these economic pressures depending on the policies adopted by new or existing governments.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/europes-economy-needs-help-political-071502026.html ]