To help evaluate whether the market response is warranted or exaggerated, the author measured the trade impact of additional import tariffs based on standard economic theory, namely two key parameters—the tariff pass-through rate and the price elasticity of demand. The end of multilateralism seems clear, at least for trade.
The sanctions based assault on Russia by the US and its expanding sanctions regime is starting to take its toll as the Russian government and financial authorities scramble to manage the damage that is now affecting everything from corporate profits to foreign currency reserves.
In total, €288.7 billion in loans have been provided to Greece since 2010. This includes €256.6 billion from its European partners and €32.1 billion from the International Monetary Fund (IMF).
The Turkish lira has lost more than 30% of its value against the US dollar since the beginning of this year. After the political escalation of tensions between the US and Turkey and the increase in tariffs on some Turkish imports last week, the lira was temporarily in free fall.
56 coders from 15 countries in 12 teams took up the challenge: an innovative blockchain event set up for the first time at the EIB’s headquarters in Luxembourg. The 48-hour challenge: to use blockchain technologies to redesign the transaction processing of commercial paper.
New data show who in the EU is disappointed by the UK, and which common interests are worth fighting for pre-Brexit.
As the European economy recovers from the global financial crisis, bank mergers are back on the agenda. While cross-border mergers have been predicted before, most European bank mergers have been domestic until now. What are the odds of cross-border mergers in the upcoming bank-consolidation wave?
As Greece prepares to emerge from one of the region’s most wrenching economic periods, its creditors are drawing up plans to ensure it is never a problem for the rest of Europe again.
The leaders of Germany and France agreed to create a Eurozone budget they hope will boost investment and provide a safety mechanism for the 19 nations using the euro currency, and also to seek a European solution to migration issues.
Today and tomorrow, British MPs will vote on 15 amendments to the EU Withdrawal Bill, sent to the Commons by the unelected House of Lords.
MEPs have called on the European Commission to suspend the EU-US Privacy Shield framework for personal data transfers, saying it fails to provide enough data protection for EU citizens.
Eurozone finance ministers (Eurogroup) reached an agreement in principle to widen the mission of the European Stability Mechanism (ESM) to assist banks as well as member states.
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