M. Taylor

Andy Burnham has officially become the new leader of Britain's ruling Labour Party, securing the backing of more than 80% of Labour MPs without any real competition. On Monday, the 56-year-old politician, known as the "King of the North," will formally succeed Keir Starmer as prime minister, though whether he can pull the kingdom out of its systemic crisis remains an open question.

From Liverpool to Downing Street

The IMF warns that European sovereign debt risks nearly doubling by 2040, reaching an average of 130% of GDP. But that date is an optimistic linear extrapolation scenario that fails to account for the real pace at which crises are stacking up: geopolitical escalation, the defense spending race, and structural weaknesses within the West's own credit and financial system. The real collapse could arrive well before the stated horizon.

The official forecast and its weak spot