Feb 27, 2017

What you need to know about the right-wing movement consuming Europe

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European banks could continue to disappoint investors

President of the European Central Bank Christine Lagarde on Dec. 2, 2019. Photo: Thierry Monasse/Getty Images

In contrast to the blowout returns of their U.S. counterparts last year, European banks delivered uninspired returns to investors.

What happened: U.S. banks like Citigroup and JPMorgan drove a 32% return for the S&P financial sector, slightly edging the S&P 500's 31% rise. Europe’s bank stocks index ended 2019 up 8%, but trailed the broader European Stoxx 600, which rose 23%.

Go deeperArrowJan 7, 2020

Europe's climate hawks split with U.S. vision on Green New Deal

European Commission President Ursula Von Der Leyen. Photo: Nicolas Economou/NurPhoto via Getty Images

An interesting Bloomberg piece compares the European Union's newly unveiled climate proposals with the Green New Deal that's in vogue in American progressive circles on the left.

The intrigue: There's a lot there, but at one point the authors wonder whether the multitopic focus of the Green New Deal — which tackles health care, job and wage guarantees — will make it tougher to implement than the European Green Deal.

Go deeperArrowDec 17, 2019

Wine industry begs Trump administration to forgo huge trade war tariffs

Illustration: Sarah Grillo/Axios

The wine industry descended on Capitol Hill this week in a last-ditch attempt to avert 100% tariffs on all EU wines — as well as cheeses, cosmetics and other consumer products.

Why it matters: The U.S. has declared its intention to impose these tariffs as retaliation against the way that European nations illegally subsidized Airbus. But if they go into effect, the brunt of the pain will be borne not by European companies, but by Americans.

Go deeperArrowJan 9, 2020