Italy is defying the EU over public spending. But this time, the markets won’t come to Brussels’ aid. That’s going to be a big problem for the EU.
The emerging market may not seem like a significant player in the global economy, but if it reneges on its debt, that could have huge repercussions. John Stepek reports.
Turkey’s President Erdogan is pointing fingers for the collapse of the lira. But Turkey was never a target, says John Stepek. Rather, it is a victim of a changing economic environment.
There’s talk of chaos and the need to stockpile food and medicines – but what would really happen if Britain crashes out of the EU without a trade deal? Simon Wilson reports.
Turkey’s currency is crashing, its debt is spiralling out of control, and foreign investors are deserting the country. If things get worse, says John Stepek, it could spark wider trouble.
Turkey’s problems are going from bad to worse. Inflation is running at almost 16%, a 15-year high; faith in the government has deteriorated; and the currency has fallen by about 28% against the US dollar.
Central Europe is enjoying an EU-backed boom as manufacturers open facilities in countries such as Slovakia and Hungary.
There are doubts over whether Trump’s EU deal will last. Matthew Partridge reports.
With talk of a trade war hampering equities in a region that is dependent on exports, investors are going cold on Europe.
Theresa May has taken steps to end her Brexit fudge. Matthew Partridge reports.
Countries are lining up to assert their sovereignty, says Merryn Somerset Webb. That’s bad news for supranational organisations.