Tuesday, June 20, 2017

Shining new lights on the EU

Well not so new, but more in focus is what they will become through brexit and beyond


Angela Merkel says she is open to the idea of giving the eurozone a single finance minister and a common budget, offering conditional support to one of French President Emmanuel Macron’s signature policies.

Ms Merkel’s caution reflects suspicion in Germany that French-led eurozone deepening could lead to German taxpayers having to shoulder common debts. She knows she is taking a political risk, especially with parliamentary elections in September.

Exports to the UK, Germany’s biggest market after the US and France, fell last year by 3.5 per cent, with much of the decline coming after the June 23 Brexit referendum.
However, with global exports booming Mr Kempf said the German economy was in a “very good” condition with industrial orders at their highest level in six years.
Ifo, the economic think-tank, on Wednesday predicted economic growth of 1.8 per cent this year and 2 per cent for 2018. 


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