Good morning, readers. Angela Skujins here, guiding you into the final stretch of the working week. A quick reminder: there’ll be no newsletter or Europe Today on Monday for the Whit Monday holiday.
But before Brussels empties out for a sun-soaked public holiday weekend, Friday’s political menu is already sizzling. It's stuffed with economic tensions, transatlantic ties and the question of how much Europe can still count on Washington.
Let’s start with the cash crunch.
European Commissioner for the Economy Valdis Dombrovskis spoke to Euronews’ Europe Editor Maria Tadeo about his economic analysis from February to April – a period compounded by energy price shocks triggered by the war in Iran and inflation. The short of it: “We do not see a recession but rather further slowdown of the economy,” Dombrovskis said.
Despite the financial pain, of inflation expected to reach 3.1% this year, the EU's economic chief was firm that that Europe would not turn to Russia for relief.
