"Trade diversion owing to preferential trade agreements has often been regarded as a theoretical construct. The Sino-American tariff war – which amounts to a negative preferential trade deal – is different"
"estimated in late August that about half of the rise in Italian bond yields by that point was due to investors pricing in the possibility of the eurozone’s third-largest economy dropping out of the currency bloc — otherwise known as redenomination risk."
"The ‘Spitzenkandidaten’ process is not a formal procedure: Legally speaking the European Council has to only take into account the results of the EP elections, but there is no automatism of appointing the winning lead candidate."
"It is not likely that the euro is a perfect storm waiting to happen. The Eurozone economy is strengthening and public debt is decreasing. The most likely scenario is we will continue to experience low levels of growth like in Japan"