Rio Times · Europe Intelligence Brief September 10, 2026 Europe Intelligence Brief — Thursday, September 10, 2026 Europe & Russia Intelligence Brief — Thursday, September 10, 2026 Key Facts The hike. The European Central Bank raised its deposit rate by a quarter of a percentage point to 2.50 per cent at a governing council meeting held in Berlin on Thursday, the second increase of the year, with euro-area inflation at 3.3 per cent in August and energy inflation at 14.3 per cent. The deal. Volkswagen and its works council agreed a restructuring that will cut 100,000 jobs by the end of the decade, management and labour aligning on the largest workforce reduction in the company’s history as European carmakers absorb the energy shock. The switch. Serbia’s Aleksandar Vučić resigned the presidency and announced his candidacy for prime minister, with a parliamentary election set for 25 October
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