In The News

Any Brexit deal requires approval of the European Parliament and a supermajority of EU members, many of which hold messy concerns. For example, Spain is striving for an agreement related to taxes, labor and pollution concerns, and smuggling in Gibraltar. The territory in Southern Spain, under British control since 1713, has 30,000 residents and more than 50,000 registered businesses, so Spain...

The European Union has a lingering problem with some members taking on excessive debt. In turn, economic woes fuel resentment against more disciplined members, suggesting that some loans could go unpaid. “The danger emanating from the current, out-of-control situation doesn't just come from the possible return of the euro crisis and its far-reaching consequences for growth and prosperity,”...

More than 10 weeks after its election, Italy’s Five Star Movement and the far-right League struggle to the finishing touches on a ruling coalition, extending negotiations over issues dividing the parties including who will serve as prime minister. Coalition proposals include a reduced income tax, a flat tax, social security payments and a return to old pension rules. Previous governments had...