Bob Lyddon said there was a risk of the European Stability Mechanism s spending power falling off a cliff - severely curtailing its ability to lend money to members of the EU27.
POLITICO Pro Morning Central Banker: Quantum financial risk — RBA raises rates — Whither Germany? politico.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.eu Daily Mail and Mail on Sunday newspapers.
SIR – Conservative Party members received an email from Boris Johnson on Tuesday headed, “My plan to deliver”, addressed to his supposed supporters.
The New Payments Architecture was delayed for years due to COVID and other factors. It will move ahead focused only on push payments instead of replacing two national rails.
EU woes could still wash up on our shores
Vast differences in the abilities of eurozone members to cope with government debts will cause huge economic rifts
24 April 2021 • 7:00pm
The European Union is starting to recover – and that matters. The 27 EU members boast a combined annual GDP of $18.2bn (£13.1bn), equivalent to the second-biggest economy on earth.
Two fifths of the UK’s exports go to the EU – down from three-fifths 20 years ago, but still hugely significant. In January, as the Brexit transition ended, our EU exports plunged 42pc – widely reported as “proof” Britain was wrong to leave.
The 46pc February bounce back showed that, after heavy pre-Brexit stockpiling in November in December, January’s fall in exports was actually inventory unwind. The EU’s “Kent variant” ban on UK lorry traffic and petty post-Brexit bureaucracy, not least at French ports, also didn’t help.