Germany

In "Watershed Moment" Merkel Says Germany Can No Longer Rely On America

In what has been dubbed a "watershed moment" Angela Merkel speaking at a rally in Bavaria, said that Europe "must take its fate into its own hands" as it can no longer rely on the US and UK. "The times in which we could completely depend on others are on the way out. I've experienced that in the last few days."

Trump Slams "Very Bad" Germans For Selling Millions Of Cars In US: "We Will Stop This"

A day after Trump stunned his fellow NATO leaders, Trump lobbed another bomb at the European center-right consensus by renewing his attacks on the German auto industry during a closed door meeting with two high-ranking European Union officials, in which he said that "the Germans are bad, very bad” and added dding “look at the millions of cars that they sell in the U.S. Terrible. We’re going to stop that."

Obama Praises "Favorite Partner" Angela Merkel During Berlin Visit

Before heading to a NATO summit in Brussels where she would meet with President Donald Trump and a host of other world leaders, German Chancellor Angela Merkel indulged in an exercise of mutual praise with her “dear friend" former U.S. President Barack Obama as the pair appeared in public during a gathering at Berlin's Brandenburg Gate meant to celebrate the 500th anniversary of the Protestant Reformation, the Associated Press reports.

Crispin Odey: "Why Do I Remain Stubbornly Bearish?"

"When it comes to markets, we have to watch for ‘the Minsky moment’. Minsky argued that periods of low volatility, presaged crises because they encouraged excessive risk taking. Well, we are into the risk taking. But this fund truly does not demand that the end of the world comes tomorrow."

ECB Warns Of "Excessive Exuberance" In House Prices; Sees Financial Instability Due To Higher Yields

In an unexpected two-part warning from the ECB, the European Central Bank warned of “excessive exuberance” in some European housing markets, driven by offshore buyers, that could spread to other areas in a “ripple effect.” Separately, the ECB also said "debt-sustainability concerns" have risen in the past six months amid a potential increase in yields and political uncertainty in some countries.

China Downgrade Forgotten As Asia Closes Higher, Futures Flat Ahead Of Fed Minutes

Not even last night's Moody's credit downgrade of China - the first since 1989 - could dent the global stock rally which has pushed global stock prices to all time highs. After initially sliding, regional stocks and emerging Asian currencies pared early losses following the unexpected downgrade of China, taking their cue from the "sudden reversal" of the Shanghai Composite Index, which some speculated saw the latest intervention of the "national team."

Cable Spikes As Germany Warns Brits "Will Learn Brexit Was A Mistake"

As Britain digs itself out from last night's disgusting terrost attack, amid the cessation of election campaigning, the Europeans are unafraid to step up the rhetoric, with German finmin Schaeuble exclaiming "the British will learn Brexit was a mistake." Sterling spiked on the threat...

Europe's Blinkered Leaders: Shielding Themselves From Reality Again

When the G7 heads of state arrive in Taormina, Sicily, for the G7 meeting on May 26, they will find themselves in an embellished, picture-postcard version of European reality. Italy, the host of the G7 meeting, has announced that it will close all harbors on the island to ships that arrive with migrants ( mainly from Libya) for the duration of the two-day meeting.