Expansion of the Schengen Area to Include Bulgaria and Romania

French foreign minister Laurent Fabius announced on September 24 France’s opposition to the expansion of the Schengen area to include Bulgaria and Romania. Both countries, which entered the European Union in 2007, have officially integrated into the EU and have met all preconditions set by the Schengen agreement to become a part of this passport […]

Disappointing EU Factory Data Raises Doubts About Recovery

Eurozone manufacturing numbers plunged in July to their lowest level in three years, according to newly-released macroeconomic data. A fall of 1.5% in industrial output was reported across the 17-country Eurozone, instead of the 0.1% increase forecast by economists. The drop, reported by European Union statistics agency Eurostat, raises serious questions about whether European leaders […]

An Economic Recovery May Save Hollande’s Presidency

France’s recession is officially over, as newly released economic data showed a surprising return to growth in the second quarter. The national economic statistics agency, INSEE, reported that the French economy grew by 0.5% between April and June, its best showing in the last two years. The unexpected boost was attributed in large part to […]