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Europe Faces Economic Turmoil: Stagflation, Populist Surge, and Limited Aid

Europe is grappling with a severe economic crisis as energy prices soar due to the Iran conflict, pushing oil past $100 a barrel and triggering stagflation. Populist forces are on the rise, with Kremlin-friendly Rumen Radev winning in Bulgaria, coalition drama threatening Romanias pro-EU leader, and Germanys far-right Alternative for Germany eyeing victories. Frances National Rally could also secure the presidency next year. Leaders warn of a slow decline without reforms and global powers interference. Limited aid, such as tax cuts and subsidies, is being discussed, but high debts from Covid and Ukraine limit big spending. Targeted fixes are the focus as north-south budget battles escalate over the EUs $1.8 trillion plan through 2034.

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