Macron seeks fuel rule relief
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French President Emmanuel Macron asked European Commission President Ursula von der Leyen to relax EU fuel-quality and reporting rules to ease rising fuel prices amid Strait of Hormuz supply disruptions.
by Andrew Watt
France's Bund spread is now over 1pp (104 basis points).
(h/t @acemaxx.bsky.social)
It's like watching a slow-motion car crash. Rates rise. The govt prepares fiscal austerity, which will depress growth & employment, substantially offsetting the fiscal gain.
The ECB will come under pressure...
France's Bund spread is now over 1pp (104 basis points).
(h/t @acemaxx.bsky.social)
It's like watching a slow-motion car crash. Rates rise. The govt prepares fiscal austerity, which will depress growth & employment, substantially offsetting the fiscal gain.
The ECB will come under pressure...
Reposted by Nicolai von Ondarza