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EU should brace for further lawsuits over funding, and more

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EU should brace for further lawsuits over funding By Burhan Khadbai, David Marsh and Edoardo Reviglio

The German constitutional court has opened the door to further ambitious European Union borrowing to promote common energy and industrial projects. But further legal and political squabbling look likely as the Commission’s appetite for further programmes grows in coming years. The court’s judgement on 6 December came shortly after Ursula von der Leyen, Commission president, launched a new bid for common funding to counter US and Chinese economic dominance and bolster the bloc’s industrial base.

Read the full commentary here.

 Renminbi movements: it’s more than the trade and current account
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By Mark Sobel
The renminbi has fluctuated widely this year, both against the dollar and its trade-weighted basket, and is on balance down despite its recent uptick.

Read the full commentary here.
 
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