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Financial Times (December 16)

2023/ 12/ 17 by jd in Global News

“European bonds rallied on Friday, pushing yields to nine-month lows as investors focused on the latest signs of a slowing economy and shrugged off the European Central Bank’s insistence that it was not considering interest rate cuts.” Given the Fed’s pivot, markets appear skeptical of “ECB president Christine Lagarde’s insistence on Thursday that it was too soon to talk about the timing of rate cuts and that the bank had ‘more work to be done’ in its battle to tame inflation.”

 

Investment Week (April 9)

2021/ 04/ 11 by jd in Global News

“JP Morgan chairman and chief executive Jamie Dimon claimed Brexit ‘cannot possibly be a positive’ for the UK in the short term as he warned that the investment bank may one day move all European business out of London.” The bank’s 19,000 UK employees include 12,000 in London.

 

The Economist (May 19)

2018/ 05/ 21 by jd in Global News

Unless European “companies or their governments take the fight all the way to the White House, they have little choice but to abide by the long—and sometimes wrong—arm of American law.” America’s threat of sanctions on companies doing business with Iran impacts major players including Total, Airbus, Peugeot, Renault and SWIFT. Still, it remains to be seen if “there is the stomach for such a battle.”

 

New York Times (May 30)

2016/ 05/ 30 by jd in Global News

Though European leaders are congratulating themselves for the latest debt agreement for Greece, “there is little to celebrate. Greece is bankrupt in all but name…. The reality is that Greece can’t be squeezed any harder.” The latest agreement is more of the same. “This crisis will never end if European leaders keep pushing policies that have repeatedly failed.”

 

New York Times (June 12)

2015/ 06/ 13 by jd in Global News

“More than five years have passed since European officials reached the first loan agreement with Greece. Yet instead of moving toward recovery, the country has been trapped in an economic calamity with no end in sight.”

 

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