Eurotopics.net

The Economic Community of Western African States (Ecowas) will hold a meeting today to discuss how to react to the political situation in Niger. The coup plotters have refused to reinstate the democratically elected President Mohamed Bazoum and the constitutional institutions. The military junta which is now in charge in Niger also ignored a deadline after which Ecowas had threatened with military intervention. Europe's press discusses what the West can do.

Iván Espinosa de los Monteros, co-founder and parliamentary spokesperson of Spain's far-right Vox party, has announced that he is leaving politics. Vox's performance in the general election on 23 July was very disappointing for the party, which ended up losing 19 seats. With his departure it loses one of its more moderate representatives. What does this mean for Vox and for Spain's party landscape?

The Russian currency has plunged to a record low. At the beginning of the year the rouble exchange rate was 76 per euro but in the last two months it has dropped from 89 to 106 roubles per euro. On the Moscow foreign exchange market the US dollar and the euro are currently trading at rates even higher than those triggered by the panic shortly after the war with Ukraine began. The main reason for the drop in value is the slump in foreign exchange revenues due to sanctions and increased imports.

Germany is facing hard times: in its latest forecast the International Monetary Fund predicts that the country's economy will shrink by 0.3 percent in 2023. While other states in the Eurozone are at least registering slight growth, Germany takes last place among the economies included in the analysis. Europe's press takes a worried look at the reasons for the negative trend.