Europe 'walking naked' into Trump's trade war
New ECB chief Christine Lagarde’s real challenge will be to convince Germany that it is time to take off the spending caps. That alone will require a seismic shift
Christine Lagarde is still to be confirmed asthe European Central Bank’s next president, but work is already piling up on her desk. The euro zone is in danger of becoming the biggest collateral victim ofthe US-China trade war and Lagarde will need all her political skills to plot an escape route from the threat of recession.
The euro zone is uniquely vulnerable to any blockages in international trade. In 2017, exports of goods ...
