European economy

EU Green Deal: Bold headlines, elusive impact

Green Deal: Bold Headlines, Elusive Impact

Norbert Rücker (Head of Economics & Next Generation Research, Julius Baer) | The outline of the EU Green Deal, was announced yesterday with an overwhelming price tag underpinning its ambitions.The outline is comprehensive but vague, and the impact is elusive to date. Market forces continue to drive the transition.

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EU Industrial Chief Weighs in on 5G Debate

  (European Views) | The European Commissioner for Internal Market and Services Thierry Breton has rejected claims that relying on European firms in the ongoing 5G network roll-out would cause substantial delays, commenting on rising tensions in Germany over the possible risks posed by Chinese firm Huawei Technologies.

european green deal

European Green Deal: change will require considerable investments

The European Commission estimates that “meeting the current climate and energy objectives by 2030 will require an additional annual investment of € 260bn.” The requirement of stricter standards by 2030 and that there are no net emissions in 2050 will require the mobilization of the public and private sectors. 


Lagarde announces broad “strategic review” of the ECB’s monetary policy, the first since 2003

Christine Lagarde gave her press conference as the head of the ECB yesterday. While alerting of the risks that the eurozone is facing, she promised to maintain both the official rates and the monetary stimuli of her predecessor Mario Draghi. However, the market’s focus was on the announcement of a broad “strategic review” of the ECB’s monetary policy, the first since 2003. This was interpreted as a possible change in the ECB targets, including inflation below 2%. Banks bounced with over + 3%.

European automobiles: entering the next auto decade

European Automobiles: Entering The Next Auto Decade

Bank of America | We think that the next decade in Autos will be all about electrification (global CO2 targets), slower car sales growth, mobility services and a greater focus on cost reforms (material costs, capacity rationalization & personnel costs). Following two years of declining global car sales, we think 2020 could see flat growth. However, we do not believe that this will be enough to offset cost pressures in an industry burdened by high fixed costs (labour) and rising regulatory charges (CO2).

Trump arrives in Europe with a new trade war

Trump Arrives in Europe With a New Trade War

|Profiting from his return to Europe to celebrate the 70th anniversary of NATO, Donald Trump used the platform to launch the opening salvos in a new skirmish in his endlessly improvised “America First” trade wars. This time, Trump claims to be retaliating against France’s effort to resist the unfettered domination of the giant American tech monopolies that have spread across global markets, leaving little margin of maneuver to potential competitors who can’t match their size and reach.