Germany’s Bundesbank has criticized Chancellor Friedrich Merz’s reforms to encourage later retirement, stating they are insufficient to alleviate the fiscal pressures of an ageing population, where early retirement is prevalent due to existing incentives. The central bank suggests more significant policy changes, like linking the retirement age to life expectancy, to address the impending demographic challenges effectively.
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Europe’s ‘happy vassal’ complex
The recent US-EU trade agreement has significantly weakened the EU's global standing, exposing its political vulnerabilities and undermining its climate agenda while highlighting a troubling trend of “vassalisation heureuse.” As Trump’s imperial vision takes shape, the EU struggles to assert its sovereignty amid growing dissatisfaction among Europeans, revealing an existential threat that could reshape international order if not effectively resisted. Want More Context? 🔎
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