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.
Reposted by Nicolai von Ondarza
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...