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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Prospects for Eurozone's economy have worsened: ECB

  • By Al Mayadeen English
  • Source: Agencies
  • 27 Jul 2023 19:48
2 Min Read

The ECB will be keeping an "open mind" on future interest rate decisions, fueling speculation that the ECB could decide to pause in its hiking campaign.

  • x
  • President of European Central Bank Christine Lagarde speaks during a press conference in Frankfurt, Germany, Thursday, July 27, 2023, after a meeting of the ECB's governing council. (AP)
    President of European Central Bank Christine Lagarde speaks during a press conference in Frankfurt, Germany, Thursday, July 27, 2023, after a meeting of the ECB's governing council (AP)

After the European Central Bank (ECB) decided to hike interest rates for the ninth time in an effort to counter inflation, ECB President Christine Lagarde told a press conference on Thursday that the economic outlook in the eurozone has "deteriorated."

"The near-term economic outlook for the euro area has deteriorated owing largely to weaker domestic demand (and) high inflation," she said. 

Russia's decision to withdraw from the Black Sea Grain Initiative is likely to worsen economic prospects as food prices are forecasted to increase, she added, noting that the withdrawal constitutes "upside risks to inflation."

The ECB will be keeping an "open mind" on future interest rate decisions, Lagarde said, fueling speculation that the ECB could decide to pause its hiking campaign.

"We are deliberately data dependent, we have an open mind as to what the decisions will be in September and in subsequent meetings," she said. 

Related News

Bulgaria faces protests as Euro adoption nears approval

German economy shrinks 0.3% in 2023

Read more: Eurostat: 22% of EU population were expected to face poverty in 2022

The Eurozone entering recession was no surprise to anyone. The slowdown was anticipated as soon as the first Russia sanctions came into effect with Russia gaining back control over Crimea.

Back then, the EU had enforced several sanctions targeting specific entities and individuals linked to the Russian State.

Although limited in scope, these sanctions showed clear signs that relations between the EU and Russia were treading on a fine line.

What is certain, however, is that the conditions for non-belligerence between Russia and Europe never existed on account of structural power rifts.

Russia is too big to handle and must come apart for the EU/US constellation to maintain global hegemony. 

Read more: Eurostat: 22% of EU population were expected to face poverty in 2022

  • Eurozone
  • Christine Lagarde
  • European Union

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  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

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