The Great Debate

from Anatole Kaletsky:

Why markets ignore good news from U.S. to focus on bad news from Europe

By Anatole Kaletsky
October 16, 2014

A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York

What’s spooking the markets?

One thing we can say for sure is that it is not the slightly weaker-than-expected retail sales that triggered the mayhem on Wall Street on Wednesday morning. Most U.S. economic data have actually been quite strong in the month since Wall Street peaked on Sept. 19.

from Anatole Kaletsky:

An ‘atomic bomb’ is hovering over France’s economy

By Anatole Kaletsky
October 10, 2014

France's President Hollande and German Chancellor Merkel talk during a conference on jobs in Milan

An “atomic bomb” is about to blow up in “the confrontation between Paris and Brussels.”

from Anatole Kaletsky:

How EU politics pushed Merkel to lift Germany’s austerity policies

By Anatole Kaletsky
July 4, 2014

German Chancellor Merkel and Luxembourg's Prime Minister Juncker hold a joint news conference after a meeting in Luxembourg

Matteo Renzi, the prime minister of Italy who took the revolving presidency of the European Union this week, seems to be the sort of man that Napoleon was referring to when he reputedly said that the key qualification he sought in recruiting a general was good luck.

Don’t bank on EU’s tough state aid talk

By Paul Taylor
April 20, 2009

paul-taylor– Paul Taylor is a Reuters columnist. The opinions expressed are his own –