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Europe is beset by problems, from Donald Trump’s trade war to an ageing population. It knows it needs to change but, like aristocrats transfixed by their past splendour, keeps putting it off. Our Charlemagne columnist identifies
five luxury habits
that Europe can no longer afford.
Elsewhere, yesterday’s news that America’s GDP contracted in the first quarter of this year surely stung the Trump administration. The headlines blamed a surge in imports by businesses rushing to avoid Mr Trump’s tariffs. But, as
our analysis shows,
there is more to the story. | 
