Gold has suffered its worst two-day loss in 30 years. Analysts have various theories about what’s behind the drop. Some blame weaker-than-expected Chinese performance but Europe and the US could have had an impact too.
The Turkish lira crash is threatening to turn into a debt and liquidity crisis, with no end in sight. Instead of acting the Turkish leadership has warned of an "economic war," and hit back at a "currency plot."
Central bankers around the world are puzzled by the lack of inflationary pressures despite decent economic growth. Some of them are now blaming the so-called Amazon effect for the phenomenon.
European Central Bank chief Mario Draghi says the eurozone still needs significant monetary stimulus to help boost inflation. The bank is gradually reducing its bond purchase program but it may continue past September.
As lenders decide on Greece’s post-bailout future, some say it may not differ much from its bailout present: targets, compliance and disbursements. DW talked with Alexander Kritikos, an expert on Greek political-economy.
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