Slowing EU desperately needs Brexit deal
European Union negotiators should give Theresa May adequate concessions to persuade UK MPs to vote for her agreement. Especially since the EU desperately fears a no deal Brexit. Key economies Germany, France, Italy, Spain and Ireland are already slowing down … Read the rest
Free parliamentary vote on Brexit preferable to referendum
THE New Year begins with the British parliament in gridlock over Brexit. With fewer than 90 days until the UK leaves the European Union on March 29, this impasse is bad both for democracy and the economy.
The way out … Read the rest
If global equities slide continues, economies could slip into recession
The BIS, the central bank’s central bank, is renowned for its warnings about the global financial system.
Claudio Borio, head of the Bank of International Settlements (BIS) BIS’ Monetary and Economic Department spells out the dangers: “Since the early 1980s … Read the rest