The leaders of the governing coalition in Berlin have agreed on a comprehensive reform package. The 34 measures in areas such as taxation, the pension system, labour law, innovation and red-tape reduction are intended to boost the economy and stabilise German society. "We want to get Germany back on its feet," stressed Chancellor Friedrich Merz. The media take stock.

The US will celebrate the 250th anniversary of its Declaration of Independence from Britain on Saturday, 4 July. In particular since the start of President Donald Trump's second term in office, the global power's standing in Europe has diminished, as a glance at the commentaries confirms.

France will elect aew presidentext spring. More than 30 candidates have already thrown their hats into the ring to succeed Emmanuel Macron. Commentators point to the risks that such a panoply of contenders and proposed policies poses.

As of July 1, customs duties are being levied on parcels of goods fromon-EU countries worth less than 150 euros. These will be subject to a fixed fee of three euros per item type. Untilow, such parcels had enjoyed an exemption. The tariffs are expected to hit online retailers selling cheap goods such as Temu and Shein particularly hard. Commentators debate whether this will strengthen the European economy and drive out discount retailers.