Germany warns of a “second Syria” as the EU receives Libyan Prime Minister

Germany warns of a “second Syria” as the EU receives Libyan Prime Minister

EU leaders met the head of Libya’s UN-recognised government Wednesday (8 January) as they scramble to contain the escalating crisis there, with Germany warning the country could deteriorate into a “second Syria”. Fayez al-Sarraj, whose beleaguered Government of National Accord is facing an offensive by rival forces who control the country’s east, met EU diplomatic chief Josep Borrell, who cautioned that Libya was facing a “watershed point”. He also met EU Council President Charles Michel and German Foreign Minister Heiko Maas, who told reporters that “we want to prevent Libya…

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Eurozone growth driven by services weighed down by industrial decline

Eurozone growth driven by services weighed down by industrial decline

While the eurozone’s private sector stagnated until December 2019, the manufacturing sector has seen more of a prolonged slump. It is the services sector that continues to drive the eurozone’s growth. The European economy remains at a standstill. According to the latest Markit composite indicator published on Monday (6 January), the eurozone’s growth still disappointed by the end of 2019. The final composite index went from 50.6 in November to 50.9 in December. On 16 December, Markit announced that the index would stagnate at 50.6, knowing that activity increases whenever…

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