French President Francois Hollande is in Rome for talk with Italy’s Enrico Letta. Both have a lot on their minds.
Barring a last minute change of heart, the European Commission will launch an investigation into whether Germany’s giant trade surplus is fuelling economic imbalances, a charge laid squarely by the U.S. Treasury but vehemently rejected by Berlin.
There are many unknowns surrounding a Scottish vote in favour of independence at next year’s referendum, a potentially huge event for the British economy. But one that has attracted little attention is what it would mean for UK interest rates.