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Say goodbye to summer. Not just this year’s

Picture taken on August 14, 2026 with a drone shows the „Burg Pfalzgrafenstein” (Pfalzgrafenstein Castle) on an island in the dried-up river Rhine in Kaub, western Germany.

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TagsThe Economist April Bryan Adams Dustin Hoffman Danny Bruce Springsteen Shakespeare Germany

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Europe’s lame-duck year could hardly come at a worse time

Every organisation has an idle period when getting things done becomes all but impossible: universities feel eerily quiet over summer, most offices are dormant over Christmas. Europe may be entering such a period, but one that will last the best part of a...

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Will bonds blow up?

Bankers used to say that countries, unlike companies, can’t go bust. They repeated that comforting slogan until a wave of Latin American countries defaulted in the 1980s. Might a similar shock soon puncture the rich world’s hubris?