Europe’s economy is vulnerable to ripple effects from the crisis in Russia and Ukraine.
Spain’s efforts to shrink the euro region’s third-biggest budget deficit may be succeeding, easing investor concern about the cost of bolstering the country’s savings banks.
The European Central Bank may decide all good things must come to an end after today’s allocation of long-term loans.
Spanish Prime Minister Mariano Rajoy’s bid to restrict any European aid package to the nation’s banks may not be enough to avert a full-blown bailout as the economy spirals deeper into recession.
Michel Sapin was named French finance minister and Segolene Royal was put in charge of environmental policy, roles they held under France’s last Socialist president 20 years ago.
The European Central Bank and Bank of England are emulating Ben S. Bernanke’s experiment in offering monetary-policy guidance to financial markets. Investors could well end up being the guinea pigs.
The European Central Bank is now the focus of investors urging the ECB to reclaim the lead in crisis- fighting after euro-area governments yesterday delivered relief to the bond markets of Spain and Italy.
"If Scotland is out, people will very quickly pay much more attention to the Brexit issue than before."
- Gilles Moec on Aug 27, 2014