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...In the beginning Europe created the union and the currency. But the bond market was without form, and void; and darkness was upon the face of the deep....
...Ireland is not usually backwards in coming forwards when it comes to leveraging economic growth, and it credits its half century of EU membership for helping deliver “radical economic and social transformation...
...Longer term, though, it is hard to see a strong case for a serious decline....
...The tax credits are both complex and yet shrinking, while tariffs need fine calibration....
...Compare that with the delicate politics the commission has to navigate to start antidumping and antisubsidy trade cases....
...These include directed credit, an undervalued currency, labour restrictions, weak social safety nets, and overinvestment in transportation infrastructure....
...“This wasn’t always the case,” he said. “Productivity is the main cause. The US has an integrated single market, but this still has to progress in Europe....
...In a speech at Sorbonne University on Thursday, the French president sketched an at times dark portrait of the challenges facing Europe and made the case for radical changes in the bloc’s defence, monetary...
...financial crisis] fades into the past, and people take comfort from the fact that banks have survived the myriad of shocks that have hit our economy over the past few years, it’s important that we can make the case...
...In an unusual move, President Joe Biden earlier this year admonished the court during his State of the Union speech....
...Finance ministers are rarely ecstatic when their credit rating is being slashed....
...than two-year low of 2.6 per cent in February from a peak higher than 10 per cent in 2022 — the ECB’s monetary policy stance “becomes tighter relative to the inflation outlook” and this “strengthens the case...
...Both union and corporate leaders credit the system with a low level of strikes and believe it is crucial for the success of Sweden, a country of 10mn people and home to manufacturers such as Volvo Cars,...
...Peter Blair Henry of Stanford University and one of the study’s authors, gives some credit to strong leadership....
...All these are cases of fiscal rules encouraging deceptive or bad economic policy, or both. What can be said in their favour?...
...Extreme weather risked causing “reduced tax revenues, increased government expenditure, lower credit ratings and increased cost of borrowing”, it added....
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...That was the case for Belgium, which saw its envelope shrink by a quarter from €5.9bn to €4.5bn....
...Unions pushed to keep this option open, but the cost was £638mn higher....
...Larger, healthy banks can extend more credit, which supports companies and overall economic growth....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...While Biden did say in his State of the Union address that he’s going after $20bn of “junk fees”, including late credit card late charges, it did not stop US senator Katie Britt from calling out “the highest...
...It’s likely that Europe is in recession, or very close to it, and that has been the case since really the third quarter of this year,” said Mike Scott, head of global high-yield and credit opportunities...
...It also generates revenues — more than €175bn in the case of the EU scheme — rather than making the green transition a fiscal drain....
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