Growth in the Eurozone, that is 19 out of the 28 countries in the EU, slowed to just 0.3 percent in the last quarter. That's just shy of what economists were forecasting, and weaker than growth in the second quarter. How will the ECB respond?
The ECB has warned the new Italian government to stick to EU budget rules rather than launch into new spending projects, given its €2.3 trillion debt. Eurozone finance ministers took a softer line.
Ambitious spending plans by Italy's new coalition, and potentially a political unknown as prime minister, have put investors on edge. Some commentators think the effects will also be felt by the entire eurozone.
French President Emmanuel Macron is facing a sharp rebuke from a group of senior German economists, who criticized his eurozone reform plans in an open letter as risky and leading the bloc into a "liability union."
France's economy minister has warned Italy to respect its financial commitments to the EU under "whichever government." Bruno Le Maire said eurozone stability would otherwise be threatened.
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