ECB Paper Tells Governments It’s Their Turn to Sustain Growth
The European Central Bank is trying once again to hammer home a message it’s been stressing for almost two decades: countries must reform their labor and product markets and use their fiscal space if they want their economies to remain resilient in the long term. That’s the view in a paper published by the ECB on Friday. While the central bank says the report doesn’t necessarily reflect its own stance, the commentary echoes calls by policy makers that are gaining urgency as years of unprecedented stimulus start to draw to a close. If they go unheard, the risk is that central banks won’t have much room to act during the next downturn — or create new problems through an extensive use of unconventional tools. Read More @ https://www.bloombergquint.com/politics/2018/06/22/ecb-paper-tells-governments-it-s-their-turn-to-sustain-growth
5 things investors need to know about OPEC’s decision to lift oil output
The Organization of the Petroleum Exporting Countries agreed on Friday to rein in member production cuts, essentially lifting output to help make up for an expected shortfall in global supplies. The expected output increase, however, appears likely to be smaller than market participants had expected. Read More @ https://www.marketwatch.com/story/5-things-investors-need-to-know-about-opecs-decision-to-lift-oil-output-2018-06-22
Trump threatens to slam a massive tariff on European cars, which could cause economic chaos
- President Donald Trump on Friday threatened to impose a 20% tariff on imports of cars from the European Union.
- The move would be a huge escalation of Trump’s ongoing trade conflict with the EU.
- Trump already hit Europe with steel and aluminum tariffs, angering EU leaders and triggering retaliation. Read More @ http://www.businessinsider.com/trump-tariffs-cars-trucks-autos-from-eu-europe-2018-6
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