It’s been more than two years since euro zone banks increased net lending to private businesses. And it’s been nearly half a year since the European Central Bank launched a new plan to turn that situation around.
from Anatole Kaletsky:
For the past five years, Britain has been a haven of political and economic stability amid the turbulence in Europe. No longer.
Teaching staff and leisure workers have taken the biggest hit to their take home pay in real terms over the last three years, according to the latest edition of Britain’s most comprehensive survey of the labour market.
After Germany’s foreign minister saw “no reason for optimism” after talks in Moscow on Tuesday, today Hungary’s Peter Szijjarto meets Russian Foreign Minister Sergei Lavrov. Violence is on the rise again in eastern Ukraine and tougher sanctions against Russia remain a live possibility although EU foreign ministers limited themselves to targeting a few more Ukrainian separatists earlier this week.