US EditionHead of France's central bank: 'This crisis could incite Europe to take back control of its economic destiny'
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7 Articles
Head of France's central bank: 'This crisis could incite Europe to take back control of its economic destiny'
The tariffs imposed by the US could cost Europe 0.25% of growth, estimates François Villeroy de Galhau, governor of France's central bank, the Banque de France.
According to the French governor, the increase in tariffs announced on April 02 by the President of the United States, Donald Trump, will affect, above all, North American growth and inflation, but the European Union (EU) must be up to the task and strengthen its economy. François Villeroy de Galhau believes that victory against inflation is “practically guaranteed”, with its approach to the 2% objective, but that Washington's decisions require …
Eurozone growth to take a bigger hit from Trump’s tariffs than the ECB earlier estimated – Reuters
Citing sources with direct knowledge of the European Central Bank (ECB) thinking, Reuters reported on Wednesday that the “Eurozone growth is expected to take a bigger hit from US President Donald Trump’s tariffs than the ECB earlier estimated.”
Eurozone growth could fall much more than the European Central Bank (ECB) had initially estimated due to the negative impact of US tariffs. The turbulence could eventually drag down inflation in the near term, four sources said, speaking on condition of anonymity. Reuters reported. The ECB predicted last month that the trade war would cut eurozone economic growth by 0.5 percentage point in the first year. And if the European Union (EU) retaliate…
Tariff madness and monetary policy
We’ve seen this morning the latest step up in the Trump-initiated trade war, with the additional 50 per cent tariffs imposed on imports from China. If the tariff madness persists – but in fact even if were wound back in some places (eg some of the particularly absurd tariffs on supposed US allies in east Asia, or 48 per cent tariffs on Madagascar’s vanilla) – it is going to be extremely damaging to global economic activity in the (probably protr…
"There has not been a panic situation in the markets." This is how Luis de Guindos, vice president of the European Central Bank (ECB), said this Tuesday that he has acknowledged that the increase in tariffs announced by Donald Trump has been greater than expected and has provoked a reaction of "aversion to risk." Guindos has remarked that there has been no situation especially of tension in liquidity, unlike what happened during the pandemic.
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