Morning Briefing Global Edition

Brussels' Forgotten Filing Cabinet

International treaties with the E.U.'s notorious debt sinners were not as forgiving as Brussels is nowadays. Source: E+/Getty Images
International treaties with the E.U.'s notorious debt sinners were not as forgiving as Brussels is nowadays.
  • Why it matters

    Why it matters

    My Handelsblatt Morning Briefing Global Edition gives you an overview of the most important news from Germany and Europe – in a concise, two-minute read.

  • Facts

    Facts

    • Deutsche Bank made a record loss of €6.8 billion in 2015 and its share price has yet to recover from a slump at the start of 2016.
    • The IMF believes that without debt relief, Greece will miss targets for GDP recovery in 2018.
    • As part of the E.U.-Turkey migrant deal in March, Ankara agreed to reform its counter-terrorisms laws targeting Kurdish parliamentarians and other government critics.
  • Audio

    Audio

  • Pdf

The U.S. business community is not only wary of supporting Republican hopeful Donald Trump; some are even going rogue. That’s the result of today’s Financial Times survey of business views on the U.S. election.

Trump’s erratic populist pronouncements are scaring many free enterprisers into the arms of the Democrats. Only a quarter of respondents backed Mr. Trump. Maybe the majority of the electorate should heed what big business is doing when election day rolls around: It usually pays to follow the money.

 

Austria is still in shock. In the first round of presidential elections back in April, the mainstream ÖVP and SPÖ parties – which have taken turns providing the head of state for more than half a century – didn’t make it into runoff elections this coming Sunday.

The new Social Democratic chancellor, Christian Kern, said yesterday: “If we don’t comprehend that this is our last chance, the two big parties are going to disappear.” The German sister parties to the SPÖ and ÖVP should listen up to what Kern has to say today in his government statement. Vienna may just be a suburb of Berlin.

 

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