Skip to content
Opinion
Lionel Laurent

A Euro Warning Worth Heeding From Italy

Ex-Premier Enrico Letta says Europe needs to step on the gas to address soaring energy costs.

Enrico Letta has a message for European leaders.

Enrico Letta has a message for European leaders.

Photographer: Mondadori Portfolio/Mondadori Portfolio Editorial

It’s the summer calm before the winter storm in Europe. 

Tourists are back in Paris, Madrid and Rome, but they can’t save the Old Continent from the threat of recession. Strikes and staff shortages give a hint of the high inflation eating into people’s pockets -- and darkening their mood. France and Germany, the engines of European policymaking, are showing signs of slowdown.