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Draghi: Eurozone will decline without vital productivity growth

It’s productivity, stupid. European Central Bank president Mario Draghi has become the latest major policymaker to warn of the long-term economic damage posed by chronically low productivity growth, as he…

Eurozone business confidence slips, UK back up to pre-referendum level

Business sentiment in the eurozone fell unexpectedly in November while the UK saw its economic confidence gauge climb above its pre-Brexit vote levels. The European Commission’s monthly business climate indicator…

Italian 10-year bond yields slip below 2%

Italian government debt is rallying strongly today with 10-year yields falling below 2 per cent for the first time in a week, helped along by reports the European Central Bank…

Eurozone ready to flesh out Greek debt relief options – Dijsselbloem

Eurozone finance ministers are ready to further flesh out possible debt relief options for Greece once further progress in made in the latest review of its bailout programme, the president…

Spanish inflation holds steady at 0.5%

Spanish inflation is holding up. Just. The country’s stats office said today that the pace of EU-harmonised annual inflation maintained its pace at 0.5 per cent, a nose ahead of…

French GDP growth confirmed at 0.2% in third quarter

Back to growth. France’s economic growth accelerated by 0.2 per cent in the three months to the end of September as attention turns to the country’s presidential elections next year,…

Lending to UK manufacturers slows but consumer credit rises

Bank lending to manufacturers declined 5.2 per cent in October compared with one year ago, according to the latest statistics on money and credit in the UK economy published on…

UK household inflation expectations soar in October

Brace yourself for rising prices. A measure of UK inflation expectations has soared above its long-term average, in another sign that households are readying themselves for an upsurge in consumer…

Only events have the power to shift the Brexit debate

When Margaret Thatcher died in 2013, Tony Blair usurped her as the source of all modern wrongs. Inequality: his fault. Terrorists: he provoked them. Spin and celebrity? Inventions of this…

New Basel banking rules’ impact on European economy

The coming days will be crucial for the future of the European economy. The Basel Committee on Banking Supervision will officially present its final set of proposals on capital requirements…