Once again European efforts to contain crisis have fallen short. It was perhaps reasonable to hope that the European Central Bank’s commitment to provide nearly a trillion dollars in cheap three-year funding to banks, would, if not resolve the crisis, contain it for a significant interval. Unfortunately, this has proved little more than a palliative.
BING NEWS:
- ECB Warns of 'Sizeable' Hit to Growth From a Trade War
Inflation has fallen rapidly in recent months and the ECB said in October it now expects it to oscillate around the 2% target in the coming months. It could then settle at the target in the first half ...
11/22/2024 - 11:02 am | View Link - Downgraded economic growth underscores challenges facing Germany
Germany reported weaker-than-expected economic expansion Friday, downgrading its GDP growth to just 0.1% for the third quarter, underscoring the latest challenge facing a country whose coalition ...
11/22/2024 - 3:36 am | View Link - Italian firms' profitability could fall as growth slows, central bank says
Italy's high borrowing costs and weakening economic growth could reduce the profitability of its companies in the near future, especially those with a high debt load, the Bank of Italy said on Friday.
11/22/2024 - 3:03 am | View Link - Tariffs could hurt growth, boost inflation for all, Bundesbank chief warns
Europe and the U.S. will both take a growth hit if there is a new trade war and inflation could also rise, increasing pressure on EU leaders to kick start long-delayed economic integration to insulate ...
11/22/2024 - 12:43 am | View Link - UBS flags 'sluggish' Europe growth as it takes $170 million credit hit
UBS has seen weak European growth hit companies it lends to, CFO Todd Tuckner said on Thursday, with the bank facing a 2024 credit loss expense of some 150 million Swiss francs ($170 million) in its ...
11/21/2024 - 12:32 am | View Link - More
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