The euro zone is uniquely vulnerable to any blockages in international trade. In 2017, exports of goods and services amounted to 27.9 per cent of its gross domestic product compared with 12.1 per cent for the US, according to the ECB. The monetary union had a current account surplus of €323 billion, or 2.8 per cent of GDP, in the year to May.
While countries such as Germany and Italy might be very different in their commitment to fiscal...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team