” Process will put her stamp on the central bank and seek to resolve recent divisions.” – by Martin Arnold
Best Reads
Congress, Nord Stream II, and Ukraine (The Brookings Institute)
“It will prove difficult for Congress to make Europe cut its dependence on Russian gas.” – by Steven Pifer
Unstoppable Nord Stream-2 (New Europe)
“The Nord Stream-2 pipeline, which late last month obtained a permit to construct its planned pipeline system in the Danish Exclusive Economic Zone (EEZ) southeast of Bornholm, is now ready to complete the final stretch of the Gazprom-led project that will transport Russian gas from Russia to Germany, despite efforts from the United States and […]
Spain’s Socialists win election, but deadlock continues (Politico)
“Another election — Spain’s fourth in as many years — and another inconclusive outcome.” – by Diego Torres
Nordea Culls Securities From Markets Unit Amid Negative Rates (Bloomberg)
“As long-term negative interest rates reshape life in the Nordic region, its biggest bank is trying to reinvent one of its most important business areas.” – by Frances Schwartzkopff and Rafaela Lindeberg
Earthquakes Are Jolting the Netherlands. Gas Drilling Is to Blame. (New York Times)
“This slow-motion disaster is forcing the Dutch government to curtail gas production with consequences that are likely to be profound for its economy.” – by Stanley Reed
Brexit Limbo Strikes Again (Politico)
“For the first time in more than three years since the U.K. voted to leave the European Union, a majority of British MPs accepted an exit plan.” – by Emilio Casalicchio and David Herszenhorn
German banks start merger talks to create €260bn giant (FT)
“Deal between Helaba and Deka could spark future consolidation.”- by Olaf Storbeck
U.S. to Tax European Aircraft, Agriculture and Other Goods (NY Times)
“The Trump administration said Wednesday that it would impose tariffs on European aircraft, French wine and cheese, Spanish olive oil and other goods starting Oct. 18, after the World Trade Organization granted the United States permission to tax as much as $7.5 billion of European exports annually.” – by Ana Swanson
Negative interest rates, by country (FT)
“Today, Jean Pierre Mustier, chief executive of Italian lender UniCredit, called for banks to stop complaining about negative rates.” – by Thomas Hale