-
9 votes
-
Brazil’s Luiz Inácio Lula da Silva in Portugal amid Ukraine remarks controversy
7 votes -
Finland is the European country with the highest proportion of under 25s dying from drugs
6 votes -
Kosovo celebrates fifteen years of independence with eye to reaching deal with Serbia
9 votes -
European Commission contacted Swedish authorities after it emerged they were planning to deport a 74-year-old British woman with severe Alzheimers
4 votes -
European Parliament votes to take action against loot boxes, gaming addiction, gold farming and more
8 votes -
In northern Sweden, EU and Swedish officials have inaugurated the first spaceport for satellite launches on the European Union mainland
4 votes -
Croatia begins new Euro and Schengen area era
9 votes -
Meta prohibited from use of personal data for advertisement in Europe
22 votes -
Setback for EU migration plans as Sweden assumes bloc's presidency – Swedish government thought to be reluctant to alienate far-right Sverigedemokraterna
4 votes -
Iceland Foods has lost its ongoing legal battle with the country Iceland over the frozen food retailer's trademark name after the EUIPO dismissed its appeal
7 votes -
How a chair almost broke Europe (and still could)
3 votes -
Sixteen searches, four arrests in European Parliament after Qatar corruption investigation
5 votes -
Sweden finds explosive traces at Nord Stream blast sites, confirms sabotage
7 votes -
In Finland, where forests cover around 75% of land, the EU's upcoming biodiversity strategy has sparked outrage in the forestry industry, as well as the government
6 votes -
Apple executive on adoption of USB-C under EU law
13 votes -
Germany plans to legalise recreational cannabis
10 votes -
Top performers include Sweden, Denmark and the Netherlands in the European EIGE Gender Equality Index for 2022
4 votes -
EU lawmakers declare that Hungary is no longer a democracy
13 votes -
Norway says ‘no’ to a gas price cap – Oslo's gas payday is equivalent to about £350 for each Norwegian man, woman and child
7 votes -
What is the European Union really doing in Africa?
3 votes -
Norway wants Facebook fined for illegal data transfers – European regulators are finalizing a decision blocking Meta from transferring data to the US
6 votes -
Finland could become the first country in the EU to trial a mobile app with digital copies of travel documents
4 votes -
Ukrainian exhibition that was left stranded in a gallery in Denmark, unable to return to Kyiv when Russia invaded, has reopened after being adopted by the EU
5 votes -
Copenhagen left looking sheepish after feta cheese judgment – Denmark loses Greek cheese fight at top EU court
11 votes -
Accession talks: When will North Macedonia and Albania join the EU?
5 votes -
North Macedonia votes to end dispute with Bulgaria, clears way for EU talks
9 votes -
Euro reaches parity with dollar
I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:...
I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:
https://www.cnn.com/2022/07/11/investing/euro-dollar-parity/index.html
As of 5:00 pm Eastern on July 11th 2022, if you check the exchange rate, the dollar is now 1:1 with the Euro.
In terms of effects, it seems complicated. Europe has a decently export heavy economy, unlike the US (for which only 10% of its GDP comes from manufacturing), so a weak Euro will help that.
However, it will make all imports more expensive. This is another supply shock, as most of continental Europe already faces heavy issues with regards to energy given the sanctions on Russia, one of the primary energy providers.
So it will certainly make domestic inflation worse (note: domestic inflation and the value of the currency on FX are different things - although they can mutually affect each other). If nothing else, the LNG Europe is buying from the US will be more expensive. The ECB has struggled to raise interest rates to fight inflation given Spain and Italy's high debt levels, and this won't help.
Winter could potentially be very, very bad.
For the US, a strong dollar is probably fine. The US is not a heavy export country, and the dollar surge helps cement reserve currency status from which the US gets a number of benefits. A slowdown in exports will also help tamper inflation.
The pound for the most part has tracked with the Euro, brexit or not.
17 votes -
Polish court rules that four "LGBT-free zones" must be abolished
16 votes -
Russia defaults on foreign debt for first time since 1918
15 votes -
Ukraine and Moldova given EU candidate status
10 votes -
Can Finland and Sweden help decarbonize EU economies? Geopolitical realities and pandemic-related supply chain issues are increasing the pressure on EU
4 votes -
European Commission backs candidate status for Ukraine, Moldova, Georgia
8 votes -
Continued drop in EU’s greenhouse gas emissions confirms achievement of 2020 target
4 votes -
Denmark on course to back joining EU's common defence policy – exit polls showed 69% of voters in favour of removing opt-out
5 votes -
Why Denmark is voting on its defence relationship with the EU – and what it says about democracy in Europe
5 votes -
EU triggers rule of law procedure against Hungary
8 votes -
Norway seeks solution to looming EU tax on car batteries – batteries produced outside the UK or the EU after 2027 face a 10% customs tax
5 votes -
EU triggers mechanism to strip Hungary of billions worth of budget funds
11 votes -
Apple would be forced to allow sideloading and third-party app stores under new EU law
23 votes -
One Vladimir Putin move and behold: West’s unity tightens overnight
19 votes -
Finland, Sweden and Norway to cull wolf population – conservation groups appeal to EU to take action against slaughter they allege flouts rules
9 votes -
A new type of powerful artificial intelligence could make EU’s new law obsolete
5 votes -
David Sassoli, European Union parliament president, dies at age 65
6 votes -
Taiwan supports Lithuania as China applies sanctions
10 votes -
Malta becomes first EU nation to legalise cannabis for recreational use
13 votes -
UK has reached an agreement with Norway and the EU over how to divide fish stocks in the North Sea next year
6 votes -
The invisible wall - Tired of migrants arriving from Africa, the EU has created a shadow immigration system that captures, and sends them to brutal Libyan detention centers run by militias
10 votes -
EU companies issues formal complaint against Microsoft OneDrive Windows integration
10 votes -
Bosnia’s Serb President Milorad Dodik threatens secession
5 votes