Nick Ottens via Atlantic Sentinel |French president Emmanuel Macron has won support from the leaders of Austria, the Czech Republic and Slovakia for reform of the EU’s posted workers regime. The French president argues the rules must change to make Europeans feel the EU works for them.
Nick Ottens via Atlantic Sentinel |It is impossible to appeal to progressive middle-class and nativist working-class voters at the same time. Social democrats across Europe are caught in the middle of a culture war. Ahead of next month’s elections, Germany’s Social Democrats have to pick a side.
The minutes of the ECB’s July meeting published on Thursday reflected the central bank’s concern about the strength of the euro, but also a degree of caution regarding continued weak inflation data, analysts say.
Carax Alphavalue |The European pharmaceutical sector hit record highs almost two years ago, since when it has had an overall disappointing performance. So far this year, there has been no sign of its defensive qualities, although it continues to pay attractive dividends.
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.
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.
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.
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.
José Luis M. Campuzano (Spanish Banking Association) |Supervision and a single resolution mechanism for the banks, along with a common deposit guarantee, are undoubtedly an essential part of monetary union. In the medium-term, however, greater fiscal convergence, with a more extensive mutualisation of risk in the region, are just as important.