LONDON (Reuters Breakingviews) - The country’s two main political parties are slugging it out over spending pledges before the Dec. 12 vote. But the campaign is also about how soon the UK will leave the European Union and the terms on which it will trade with its nearest neighbours.
LONDON (Reuters Breakingviews) - Fiscal responsibility is old hat in Britain. Both Prime Minister Boris Johnson and his opposite number, Labour party leader Jeremy Corbyn, are engaged in a bidding war to woo voters before a December election. Surprisingly, this has yet to take much of a toll on UK government bonds.
LONDON (Reuters Breakingviews) - A full debrief and some advice can be useful when taking up a new job. Outgoing European Central Bank President Mario Draghi said on Thursday his successor, Christine Lagarde, already knew better than anyone what to do and say. Yet the Italian’s last scheduled big news conference contained some tacit guidance if she wanted any.
LONDON (Reuters Breakingviews) - The International Monetary Fund’s crystal ball is murkiest about some of the things which matter most to the global economy. Unfortunately, the countries most responsible for the cloudy outlook are also the ones least likely to heed the international lender’s advice.
LONDON (Reuters Breakingviews) - Mario Draghi has done as much as he can to help his successor at the European Central Bank. The bold steps taken by the outgoing central bank boss to stimulate the euro zone economy are, however, creating a different headache for Christine Lagarde even before she starts at the beginning of November.
FRANKFURT (Reuters Breakingviews) - Nature abhors a vacuum. The tendency for voids to be filled may prove a problem for the European Central Bank’s incoming boss, Christine Lagarde.
LONDON (Reuters Breakingviews) - Mario Draghi is channelling a new cartoon character. The outgoing European Central Bank boss, dubbed Super Mario for all he did to fight the euro zone crisis and revive growth, on Thursday unveiled fresh stimulus measures, including a rate cut and new asset purchases. The open-ended nature of the buying smacks of Toy Story’s Buzz Lightyear. Markets seem to think it will last to infinity and beyond.
LONDON (Reuters Breakingviews) - Germany could kill several birds by issuing one green bond. Raising money solely to manage a shift away from fossil fuels would underscore Berlin’s focus on making the transition. It would also give eco-friendly finance a crucial political boost. And it makes economic sense.
LONDON (Reuters Breakingviews) - European Central Bank President Mario Draghi has just been given a free pass to be bold. It comes from Germany’s statistics office, which said on Wednesday that Europe’s largest economy contracted in the second quarter. The development will lessen any Teutonic resistance to the monetary easing that Draghi is planning.
LONDON (Reuters Breakingviews) - European Central Bank President Mario Draghi has made many promises, and lived up to them. Yet this time, financial markets want to see the colour of his money upfront.