在欧洲的两个地方，正在上演着具有讽刺意味的两幕戏剧。首先在荷兰的芬洛小镇，深夜时分，几张极 右翼领导人维尔德斯的竞选海报被一群年轻人撕得粉碎。与此同时，在芬兰的议会大厅里，右翼执政联 盟通过了削减公共服务的财政预算，并将其变成了正式的政策文件。 表面上，一张被撕毁的海报和一份国家的财政预算似乎毫不相干。然而，它们却源自同一个深刻的社会 问题，反映出民众的焦虑与政治承诺和现实之间的巨大鸿沟。当普通民众的生活困境遇到政治领导人许 诺的理想与治理现实之间的差距时，社会将如何应对这一挑战？ 极右翼领袖维尔德斯及其自由党，巧妙地将荷兰的住房短缺问题简化为一个易于理解的目标——移民。 这个简化的策略虽然粗暴，却取得了意想不到的效果。许多深感生活压力的当地人开始私下认为，维尔 德斯提出的强硬移民政策似乎不无道理。类似的情况在芬兰也发生过。芬兰的芬兰人党通过关心工人阶 级的姿态，成功将国家经济困境的责任转嫁到外部，吸引了大量选民的支持。 这种民粹的叙事方式引发了另一种情绪化的反应。在芬洛小镇，那些年轻人用撕毁海报的方式表达了他 们的不满。这种举动并非简单的反对，而是一种直接的政治行动，宣告着他们不认同这种将责任推给移 民的说 ...

Core Viewpoint - The European Central Bank (ECB) is signaling a slowdown in monetary easing amid complex challenges including deflationary pressures, geopolitical uncertainties, and structural issues, particularly in Germany [2][4]. Group 1: ECB Monetary Policy and Economic Outlook - On June 5, 2025, the ECB decided to lower the deposit rate by 25 basis points to 2%, indicating the end of the monetary easing cycle [3]. - The inflation rate in May 2025 was 1.9%, influenced by multiple factors, despite stable import levels and a significant decline in exports [3]. - The ECB has revised its inflation forecasts down by 0.3 percentage points for 2025 and 2026, with expected inflation rates of 2% and 1.6% respectively [8]. - The ECB's economic growth forecasts remain unchanged, predicting real GDP growth of 0.9% in 2025, 1.1% in 2026, and 1.3% in 2027 [8]. Group 2: Germany's Economic Challenges and Policy Changes - Germany's GDP contracted by 0.3% in Q2 2025, primarily due to reduced exports to the U.S., with the economy facing two consecutive years of recession [10]. - Structural issues, geopolitical factors, and a decline in exports to China due to its GDP slowdown are significant contributors to Germany's economic challenges [10]. - Germany plans to increase defense spending to 3.5% of GDP by 2029 and has allocated €500 billion for infrastructure modernization [12][13]. - The "debt brake" mechanism, which limits structural deficits, has been a key factor in maintaining fiscal discipline, resulting in a 16% reduction in debt-to-GDP ratio over 15 years [10][12]. Group 3: Investment Initiatives and Economic Fragmentation - A private sector initiative called "Made for Germany" aims to invest a total of €631 billion in Germany by 2028, supported by a new tax reduction policy [14]. - Despite global trade negotiations and geopolitical challenges leading to economic fragmentation, the ECB is expected to significantly reduce its intervention in economic activities in the coming months [14].

Core Viewpoint - The European Central Bank Executive Board member Schnabel emphasizes that the funds released from the relaxation of debt brake mechanisms should be used wisely to promote growth, accompanied by structural reforms [1] Group 1 - The relaxation of debt brake mechanisms is intended to provide additional financial resources [1] - There is a call for the prudent use of these funds to ensure they effectively contribute to economic growth [1] - Structural reforms are necessary to complement the financial measures for sustainable growth [1]