At first, debt just exists on paper. Anyone taking out a bank loan signs a contract promising to return a borrowed sum, plus interest. But if you default on your mortgage, for instance, the bank will repossess your home.
Germany and France are the drivers of European Union integration. But Chancellor Angela Merkel could struggle if she tries keeping up with President Emmanuel Macron's breakneck reform agenda, says DW's Jens Thurau.
The 5-Star Movement triumphed in Italy's election and intends to carry through on the promise of a basic income. Party officials insist that they can make it a reality sooner or later, Michele Bertelli reports.
For the first time since 2007, France's public deficit is finally within the set EU limit. While boosting the president's aim of convincing Berlin to support eurozone reform, some now want to spend rather than save.
A spate of recent deals and gas finds in the eastern Mediterranean Sea has positioned Egypt to be a major energy hub. Turkey, which is flexing its military muscles, may be left out.
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