Editorial: Reject
May’s Brexit and Go Back to Voters – BB
The
deal on offer is no good. The U.K. should stop and think again.
How the AfD could
save the EU
– Politico
Far-right
party wants a ‘Dexit,’ but that doesn’t reflect the national mood.
Mario Draghi: 20th
anniversary of the euro – ECB
GERMANY
Germany: Getting
away with one black eye – ING
The
German economy had its weakest performance in five years but seems to have
avoided a technical recession
Political clouds
gather over Germany’s export machine – FT
Economy
risks slide into technical recession as trade spats and Brexit hit sentiment
German economic
growth cools in 2018 to lowest rate in five years – FT
Europe’s
powerhouse may avoid technical recession in second half of year, economists say
Debt overhang,
rollover risk, and corporate investment in Europe – voxeu
Euro
area corporate sector investment collapsed post-crisis, especially in periphery
countries. The column uses firm and bank data to investigate whether corporate
debt accumulated during the boom years was responsible. Firms with higher
leverage or firms that borrowed more decreased investment more, especially when
linked to weak banks. These channels explain about 60% of the decline in
aggregate corporate investment during the crisis.
The mixed success
of the Stability and Growth Pact – voxeu
The
corrective arm of the pact, which is procyclical by design, is an important
driver of euro area fiscal policy. The preventive arm, which is designed to
avoid the need for such procyclical policies, is much less effective and reform
of the pact should focus on addressing this.
UNITED STATES
In a Month You’ll
Wish the Shutdown Were Only as Bad as Today – BB
No
IPOs. Court cases delayed. Transit services shut down * ‘Shutdowns don’t get
bad linearly. They get bad exponentially’
OTHER
Should China's
central bank buy local equities? – FT
The
government should pull the fiscal lever again instead.
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
The
Siemens-Alstom tie-up is seen an opportunity to create a European ‘Railbus’
able to go toe-to-toe with China’s CRR
Brussels Edition – BB
Brussels Playbook – Politico
Gdańsk
mayor dies — Brexit vote day — Danke for Dexit
Danske Daily – Danske
Bank
Uphill
battle for May's Brexit deal
Daily Market
Comment
– Marc
Chandler
New
Phase Begins with UK Vote
Five Things You
Need to Know to Start Your Day – BB
US Open Rundown – RANsquawk
US Open – ZH
Global
Rally Fizzles As Traders Look Beyond Latest Chinese Stimulus
FINNISH
Aamukatsaus – Nordea
Iso-Britannian parlamentti äänestää tänään
Brexit-sopimuksesta: läpimeno yhä epätodennäköistä | Tänään saadaan myös Saksan
viime vuoden BKT-lukuja | Kiina lisäämässä talouden elvytystä, Ruotsin
hallituksen muodostamisen vaikeudet jatkuvat