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France’s bond market hit by another bout of selling as country recovers from weekend protests
French borrowing costs continued to rise on Thursday, as investors fret that France’s government is struggling to pass a federal budget after public protests gripped the country.
France’s bond market was hit with another bout of selling, with the difference between French and German 10-year borrowing costs – a metric for the risk premium attached to French debt – rising to its highest level in almost 15 years.
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© Photograph: Telmo Pinto/NurPhoto/Shutterstock
© Photograph: Telmo Pinto/NurPhoto/Shutterstock
© Photograph: Telmo Pinto/NurPhoto/Shutterstock
L'articolo Cosa è e cosa rappresenta il quotidiano Repubblica. Non è un giornale. proviene da Blondet & Friends.
Sanae Takaichi has done something few Japanese leaders manage. She’s reached her first anniversary in office more popular than her predecessors, and she looks well placed to keep the job. In a country that has burned through five prime ministers in a decade, this counts for a lot. Popularity, though, is only one of two […]
The post Takaichi’s next vote is in the bond market appeared first on Asia Times.
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The European Parliament approved €489.15 million in financial assistance for Portugal, Spain, Italy and Malta on Wednesday, 21 October, following severe storms and flooding that damaged infrastructure and disrupted communities across southern Europe during the opening months of 2026.
The allocation from the European Union Solidarity Fund was approved by 651 votes to 17, with three abstentions. Portugal will receive the largest share, approximately €261.5 million, followed by Spain with €149.1 million, Italy with €74.9 million and Malta with €3.7 million.
The funding is intended to support recovery operations and help national authorities meet the costs of restoring essential public infrastructure and services damaged by the disasters.
Portugal’s €261.5 million allocation follows flooding and storms that affected the country during January and February.
The Portuguese authorities applied for assistance from the EU Solidarity Fund after assessing the extent of the damage and the associated costs of emergency operations and infrastructure recovery.
The funds will contribute to eligible public expenditure arising from the disasters, potentially including the restoration of transport links, damaged public facilities and other essential infrastructure.
Portugal has already received approximately €65.37 million in advance funding, according to the figures accompanying the parliamentary decision.
Spain will receive €149.1 million following destructive weather during the same period, including severe flooding in February.
The Spanish government had also requested European assistance to cover part of the expenditure associated with recovery operations.
Approximately €37.26 million of Spain’s allocation has already been paid in advance.
The two countries together account for the substantial majority of the assistance approved on Wednesday, reflecting the scale of their eligible recovery costs.
Italy and Malta will receive assistance following Storm Harry, which struck parts of the central Mediterranean in January 2026.
Italy’s allocation amounts to €74.9 million, while Malta will receive €3.7 million.
The storm caused significant disruption in affected Mediterranean areas, with heavy rainfall, strong winds and damaging sea conditions placing pressure on local infrastructure.
Italian authorities sought European support for recovery operations in the affected territories, while Malta submitted its own request following the damage sustained during the storm.
The Maltese allocation includes approximately €931,000 already made available through an advance payment.
The final assistance amounts were proposed by the European Commission after examining the applications submitted by the four governments.
The Commission’s September proposal to mobilise the EU Solidarity Fund set out the amount of assistance required for each country.
The total proposed mobilisation was €489,148,220.
The European Union established the Solidarity Fund in 2002 to assist member states and certain countries participating in the EU accession process following major natural disasters.
The mechanism provides financial support for public emergency and recovery expenditure rather than operating as a general insurance scheme for individuals or businesses.
Eligible expenditure can include emergency accommodation, restoring essential infrastructure, securing protective infrastructure, cleaning disaster-affected areas and protecting cultural heritage.
National authorities submit applications to the Commission, which evaluates them against the relevant eligibility requirements and financial thresholds.
Assistance depends on the assessed disaster damage and applicable regulatory criteria, rather than simply reimbursing every euro of economic loss.
The fund is financed through EU budgetary arrangements and is mobilised following the required institutional approvals.
Payments are made to the countries concerned, which remain responsible for ensuring that assistance is used in accordance with EU financial rules.
The Solidarity Fund can therefore help governments manage exceptional recovery costs, but it does not replace national budgets, private insurance or other financial arrangements.
The latest allocation comes against a background of increasingly frequent demands on European disaster-response mechanisms.
Southern European countries have experienced damaging floods, storms, heatwaves and wildfires in recent years, leading to repeated requests for assistance.
Recovery expenditure extends beyond immediate emergency operations. Damaged roads, bridges, coastal defences, water systems and public buildings can require prolonged reconstruction.
These costs can place considerable pressure on local authorities, particularly where a disaster affects tourism, transport or economic activity.
The EU faces the additional challenge of maintaining sufficient funds to respond to major disasters affecting several countries within a relatively short period.
Extreme weather events can also expose weaknesses in existing infrastructure, prompting governments to consider whether reconstruction should incorporate additional protection against future disasters.
However, such investments must be assessed against the eligible spending categories of the Solidarity Fund and the availability of other EU financing programmes.
Wednesday’s vote represents parliamentary approval of the mobilisation proposed by the European Commission.
The decision concerns disasters that occurred earlier in 2026 and does not constitute a new emergency response operation.
The funds will support eligible recovery measures carried out by the national authorities in the four countries.
The payments already made to Portugal, Spain and Malta will be taken into account when the remaining assistance is disbursed.
EU authorities will retain responsibility for monitoring compliance with the relevant financial and reporting requirements.
The substantial parliamentary majority indicates broad support for assistance to the affected countries, although future disaster-funding arrangements will continue to depend on the resources available in the European budget.
For the four governments, the immediate task is to use the approved assistance to meet eligible recovery costs and restore damaged public infrastructure following the storms earlier this year.
In this segment of Free Media, Reason Senior Editor Robby Soave and Daily Caller Editor in Chief Amber Duke discuss Vivek Ramaswamy's controversial attack ad against his opponent Amy Acton in Ohio's gubernatorial race.
If you enjoy Free Media, come watch Robby debate at our upcoming Reason Versus in Washington, D.C. Tickets are available here.
The post Vivek Ramaswamy Is Defending Controversial Ad With Amy Acton's Mother appeared first on Reason Magazine.
Since transitioning, Lane Michael Stanley has struggled with his interactions with straight men—especially the classic ‘man-hug’: brief, side-angled, all back slaps and no stomach touching. As he navigates this new territory, he reflects on his other relationships and forms of physical intimacy, examining his life and gender norms from both sides of his transition.
Straight men are generally more standoffish with me than I remember them being before. They make less eye contact, they touch less, they smile less. Do I not know how to read their friendship cues? Maybe straight men befriend other men differently from how they befriend women: no more touch of the arm that they swear is innocent, no more questions they feel entitled to ask or basic facts they appoint themselves to explain. Maybe I should learn to read a curt nod as a sign of camaraderie from men now, replacing whatever a straight man’s sly smile was supposed to convey before.
Or are they more standoffish because they can tell I’m gay? Maybe straight men want to keep me at a distance. Maybe there is a reality to the coldness I read from them, a hostility they throw my way unconsciously. Most of the gay men I know are friends with other gay men, so I’m not sure how gay/straight male friendships function, or if they really exist. My partner (a cis gay man) did have a close straight male friend, but they went barhopping and ended up trading blow jobs, so that doesn’t really count anymore.
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