Europe’s economy is under attack from all sides
[ad_1] A decade ago Xi Jinping was welcomed to Duisburg in Germany’s Ruhr valley. He praised the region as a hub for Chinese investment; greeted a train that had spent a fortnight travelling from Chongqing, via Russia, to Europe’s industrial belt; and enjoyed an orchestral performance of traditional mining songs. More recently, another Chinese arrival […]
Europe’s economy is in a bad way. Policymakers need to react
[ad_1] European stocks and bonds have had a lot to deal with in recent years, not least war, an energy crisis and surging inflation. Now things are looking up. Germany’s DAX index of shares has added 11% since the start of November. Yields on French ten-year government bonds have dropped from 3.5% in October to […]
Goldman says Israel-Hamas war could majorly impact Europe’s economy
[ad_1] Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023. Israel Defense Forces | Reuters The Israel-Hamas war could have a significant impact […]
Europe’s economy looks to be heading for trouble
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Europe’s summer was a strange mixture of heavy rainfall and wildfires. The continent’s economy was also plagued by extremes. Inflation remained hot: prices rose by 5.3% in August compared with a year earlier. And […]
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
[ad_1] A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists […]
The battle for Europe’s economic soul
[ad_1] Over the past two weeks, a flurry of proposals to reshape Europe’s economic model has emerged from the Berlaymont, a cruciform building in Brussels, which is home to the European Commission. The commission usually fiercely guards the eu’s rules. But things are now in flux. The proposals contain ideas for how governments can help […]
The energy crisis and Europe’s astonishing luck
[ad_1] Visitors to warsaw at this time of year do not usually bask in temperatures nearing 20°C. Bilbao tends to be frosty, not tropical, in January. But this winter is a strange one. Temperature records are being broken across Europe and energy prices are plummeting: the price of natural gas at the continent’s main hub […]
Falling French inflation sparks hope of end to Europe’s price surge
[ad_1] Lower energy prices helped push inflation down in France, as European stocks rose on growing expectations that inflation has peaked across the region. French inflation fell to 6.7 per cent in the year to December, against economists’ expectations of a slight rise following the 7.1 per cent figure recorded for November. European stocks built […]