Question in Germany Is: Who Will Govern with Merkel Next?
Nick Ottens via Atlantic Sentinel |German chancellor Angela Merkel could renew her alliance with the center-left or switch to a pact with either the liberals or Greens.
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August: possible fluctuations in volatility should not determine portfolio performance
Cristina Martín (GVC Gaesco) |With most investors on holiday in the month of August, stock market volumes are traditionally low. This factor, combined with the effect of specific economic and political events can fuel a rise in volatility and huge fluctuations in prices.
China: Economy Won’t Enter New Boom Cycle Without Effective Restructuring
Spain Promises Not to Hold Brexit Deal Hostage to Gibraltar
Nick Ottens via Atlantic Sentinel | Spain could use Britain’s exit from the EU to bargain for a new settlement for Gibraltar but vows not to.
Greece judicial system: the whole truth and nothing but the truth
Nick Malkoutzis via Macropolis| Next summer, Greece is due to exit its eight-year programme. Athens and its creditors, who have closely shaped and overseen this long adjustment process, will want to argue that a changed country is emerging. The sorry state of the judicial system currently stands as one of the biggest blots in their copybook. The case against the former head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou is a case in point.
Trump’s Big Mouth Fails to Impress the World
Nick Ottens via Atlantic Sentinel |US President Donald Trump ‘s big mouth has failed to impress the world. And that is dangerous. At some point, the American might feel he needs to make good on his threats.
Santander takes the bull by the horns and starts selling Popular’s property assets
Mari Pinardo | Banco Santander reached an agreement on Tuesday to sell US private equity firm Blackstone a majority 51% stake in 30 billion euros of soured property assets and loans it inherited when it bought ailing lender Banco Popular in June.
Germany no longer sole driver of Eurozone growth; Spain, Netherlands rising up the ranks
The latest batch of economic growth numbers corroborate a picture which we started to see last year, namely that the extent of the Eurozone recovery is widening. Germany is no longer the sole growth driver. Countries like Spain are catching up.
“They are looking at making a planned, smooth change. But this authoritarian system suits Russia very well.”
Xavier Colás (Moscow) | Russia had a taste of democracy in the 1990s, and people’s needs increased. With the rouble’s brutal devaluation, the average Russian felt free, but at the same time associated this with huge economic decline. And now Russians prefer economic security to freedom.
Markets in summer lull mode, but focus on regional US Fed chairs’ comments
There is not much in the way of major macro or corporate data due this week, but markets will be on the alert for any hints from regional Federal Reserve Chiefs’ as to what the US central bank’s next moves will be.