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EL MUNDO, EL PAIS (Spain)

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The Spanish stock market started this week at the level registered in April 2003, with a new risk rate record of 643 points, the highest since the creation of the euro, El Mundo reports.

According to El Pais, investors have been once again ruthless with the Spanish stock values.
The Spanish government is trying to tackle this situation with the help of neighboring countries. Luis de Guindos, the Minister of Economy, made a visit to Paris, to meet his French homologue, Pierre Moscovici. A few hours before, he had seen the German Minister of Economy in Berlin, El Mundo reports.

After these meetings, the Spanish government released a joint statement with France and Italy calling for "the immediate implementation of the agreements from the last European Council on June 29 and 29." Soon after the announcement however, the Foreign Affairs Minister in Madrid had to retract the statement, as Italy and France publicly denied making the joint declaration. According to El Mundo, French Minister of European Affairs did not mince his words when he said: "This document is a hallucination." The statement also mentioned the support of Denmark and Ireland for these interventions.

The Spanish and German ministers seemed to reach a better understanding. El Pais reports that after their meeting on Tuesday, the two officials concluded that the high price of the Spanish public debt "does not correspond to the fundamentals of the economy."

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FOCUS: Russia-Ukraine War

Ukraine Is Turning Into A "New Israel" — Where Everyone Is A Soldier

From businessmen to farmers, Ukrainian society has been militarizing for the past six months to defend its sovereignty. In the future it may find itself like Israel, permanently armed to protect its sovereignty.

Ukrainian civilians learn how to shoot and other military skills at a shooting range in Lviv on July 30, 2022.

Guillaume Ptak

KYIV — The war in Ukraine has reached a turning point. Vladimir Putin's army has suffered its worst setback since the beginning of the invasion. The Russian army has experienced a counter-offensive that many experts consider masterful, so it must retreat and cede vast territories to its opponent.

The lightning victory that the head of the Kremlin had dreamed of never took place. The losses are considerable — Ukrainian troops on the battlefield now outnumber the Russians.

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On April 5, Ukrainian President Volodymyr Zelensky predicted that at the end of the conflict, Ukraine would become a "big Israel". In an interview with Ukrainian media, he said then, "In all the institutions, supermarkets, cinemas, there will be people with weapons."

The problem of national security will be the country's most important one in the next decade. An "absolutely liberal, and European" society would therefore no longer be on the agenda, according to the Ukrainian president.

Having long since swapped his suit and tie for a jacket or a khaki T-shirt during his public appearances, Zelensky has undeniably become one of the symbols of this growing militarization of Ukrainian society. However, the president claimed that Ukraine would not become an "authoritarian" regime: "An authoritarian state would lose to Russia. Ukrainians know what they are fighting for."

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

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