A European proposal for a tax on financial transactions is trapped in limbo: financial realities won’t let it come to life while political opportunism won’t allow it to die a quick death. The tax initiative is being kept alive largely for domestic political reasons as German Chancellor Angela Merkel bids for a fourth term and France prepares for presidential elections this year.
Category: Francois Hollande
Confusion Grips Airports as Courts Limit Trump Travel Curbs
Confusion reigned Sunday at airports in the Middle East and Europe over exactly which citizens from the seven nations subject to President Donald Trump’s travel ban are still permitted to fly to the U.S. Airlines at hubs from Dubai to London Heathrow were grappling with the implications of two court rulings in the U.S. late Saturday that have temporarily blocked the enforcement of parts of Trump’s executive order. In the hours after the presidential edict, many airports imposed blanket bans on U.S. travel for citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen, with Amsterdam Schiphol turning away seven people with valid visas, and Cairo denying boarding to migrants accompanied by United Nations officials.
Watch Out for China Growth, European Elections and Reflation in 2017, Says Goldman Sachs
The investment bank lays out some of its key macro themes; providing reasons to be generally optimistic unless you are British. China’s economic growth and European elections will be potential flash points for global markets in 2017, while the negative effects of Brexit will become evermore apparent and investors should get used to hearing the term reflation, according to Goldman Sachs.