Rise in Unfair Trade Practices in The EU
Israel Rafalovich (Brussels) | A rise in Unfair Trade Practices in the EU detailing 46 ongoing investigations for unfair commercial practices in 2017 the EU Commission reported in its annual report.
In Europe
Europe At Anchor
Obsessed by minor issues, Europe forgets the important thing. If it really wants to avoid a repetition of the banking crisis, it should apply itself to guaranteeing high and sustainable growth, as well as introducing solid cushions of own funds for hard times and a more efficient preventive supervision. However, reducing the problems of the Eurozone to no more than the health of the banks is an exercise in short sightedness.
EU Supports Spain On Migration
Israel Rafalovich | During a meeting on Friday in Brussels between the European Commission and the Spanish government both sides decided to continue the dialogue and cooperation on migration and especially in regard to the challenges Spain face because of the increased migration pressure along the Western Mediterranean route.
Euro Area Woes
When an economy or area is jostled from monetary equilibrium, underlying “problems” show up. In this case, what became evident from lack of “integration” was the current account “imbalances” between the “core” and “periphery”.Using Germany and Spain as “representative agents” for the “core” and “periphery”, respectively, we get a good handle on the lack of integration.
Energy And EU Reform On the Macron Agenda
Israel Rafalovich | French President Emanuel Macron met with two southern allies, Spain and Portugal in his attempt to overhaul the European Union while Spain and Portugal are trying to get French help to connect the countries energy grids to Europe.
Bavaria Imposes “Germany First”
Trump is contagious. The President of Bavaria, Markus Söder, and the conservative Interior Minister, Horst Seehofer, both Social Christians, have found the magic recipe of Germany first politics to defend their coalition’s -CSU is the partner of Merkel’s CDU in Berlin- absolute majority in the next state elections in the region in October.
Football And Growth – The Links Between France’s World Championship And The Pace Of Economy
The French football team was proclaimed FIFA World Cup Champion two weeks ago in Moscow. Far for the epic victory- we all witnessed PM Emmanuelle Macron’s euphoria- Philippe Wächter, Chief Economist, Ostrum AM wonders in a note to investors whether a football win could propel France into the leading position in Europe in terms of growth too. And looking to the euro area at large – whether it could make up for Germany’s defeat in the early stages of the competition and Spain’s poor performance.
How Mario Draghi’s speech that the ECB would do “whatever it takes” continues to shape the Eurozone’s prospects
Six years ago in London, Mario Draghi made the famous pledge that the ECB would do “whatever it takes” to maintain the unity of the Eurozone. This speech marked an important turning point in the crisis. For economists at DWS, “it is time to remember the hidden costs of saving the Eurozone.”
For Better Or Worse: Greece’s Bailout Exit Deja Vu
Yiannis Mouzakis via Macropolis | As Greece stands on the cusp of exiting the third, and final, of its painful bailouts, there is a discussion about the terms under which it is exiting and how they compare to the conditions that were on offer the last time the country was close to the MoU finishing line, about four years ago. Examining the two cases is actually a useful exercise – not just for Greek crisis veterans.
Black Spanish Olives, And By Extension The European Agriculture Sector, In Trump’s Hands
Within the framework of the comercial dispute that the US has opened with the EU, the Trump administration has launched a special crusade against the producers of black olives in Spain. According to US authorities, they have been exported to the US at “dumping prices” and damaged the Californian olive sector. The US Commerce Department began investigations in July last year on the Spanish industry, which are awaiting final confirmation. The definitive decision will be known today Tuesday.