The next four weeks will determine whether Europe’s economy is facing a fresh crisis or simply a speed bump in its recovery.
That’s how long U.S. President Donald Trump says his strikes on Iran — which have already killed Ayatollah Ali Khamenei, triggered a wave of counter attacks across the Middle East and sent energy costs surging — will last.
A lengthier campaign risks sabotaging the euro zone’s fledgling revival while reawakening inflationary forces that the European Central Bank has fought hard to contain. A reliance on oil and gas from the region makes the bloc the “most exposed major economy” to Iran spillovers, ING’s Carsten Brzeski reckons.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.