A Mini Summit On Immigration With No Results
The leaders of sixteen EU countries survived a mini summit with no results but with”frank talk” during an emergency meeting on immigration on Sunday and emerged with a veneer of common purpose.
In Europe
Crude And The Euro Breathing Space Will Be Crucial In Deciding If Eurozone Inflation Remains At 1.9%
Francisco Vidal (Intermoney) | The next few days will be interesting as EU leaders confront the future of the European project, although they will also have to deal with the latest developments on Brexit, and no doubt dedicate time to US commercial belligerence.
How Will The End To QE Affect European Banks?
The ECB will stop injecting liquidity into the system next December. This leaves Eurozone banks in a slightly odd situation: returning to “normality” after years of atypical measures. The withdrawal of QE will have different impacts on different countries, depending on the characteristics of the models of their banking business.
About Last Night In Greece
The most tumultuous period in Greece’s modern history concluded in the middle of the night, with just a few usual suspects to share the moment on Twitter, a World Cup game being replayed on the television and the live stream of a Eurogroup press conference on the laptop screen.
A Story Of Abandoned Cars … Where Is The European Car Industry Headed?
The European car industry collapsed when the Trump administration insisted that European imports would be subjected to new tariffs. This is clear in the under-performance of German producers, who are net exporters to the US, although they operate a handful of local plants … but also in Mexico.
An EU Summit Of Challenges Before 2019 European Elections
Israel Rafalovich | The turmoil in Italy and Spain as well as the transatlantic tensions served as a wake-up call for the European Union. On the upcoming EU summit’s agenda will find all the EU challenges : Migration, Eurozone and Defence. EU officials said that the summit will need to re-energise the European Union and call on EU leaders to overcome divisions and implement reforms.
Are European Corporates Really Witnessing A Maturing Economic Cycle?
For the past couple of months, Eurozone business surveys have been reporting growing labour shortages, flags a report from AXA IM. “While bearing in mind the potential differences in sample represent activeness and statistical methodologies, it remains remarkable that these reported hiring difficulties are even larger than reported by US corporates,” the firm’s analysts explain.
Should Germany Pay For Greece, Italy And others?
In a speech given on 11 June 2018 in the IFo Institute (Munich), former Greek Finance Minister Yanis Varoufakis noted the urgent need for a fiscal reform, which France and Germany see in a very different way, in order to save the Eurozone.
The QE Is Very Probably Dead
The ECB’s chairman endorsed the optimistic staff forecast enough to justify the end of QE for December 2018 and then spent the rest of the press conference insisting on the downside risks. This was the only way that BoAML’ s analysts find to deliver what they think about Mario Draghi’s main challenge: making sure that there would not be any continuum in the market perceptions between the end of the net purchases and a brisk pace of normalisation on rates.
“It’s more expensive to send something from the South of Sweden to Stockholm than it is from China”
Ana Fuentes (Strasbourg) | “Amazon is able to optimize their consumers´ experience and thus push down prices to compete with traditional and online retailers in Europe, but what worries me more, is Alibaba. They are able to virtually ship goods for free, what makes them extremely competitive even compared to Amazon, due to the universal postal convention, which says that China as a developing country”, says Christofer Fjellner, Member of the Committee on International Trade at the European Parliament.