Analysis-To Europe's economic malaise, add a leadership void [Yahoo! Finance]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
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Source: Yahoo! Finance
The region's economies need to be overhauled to generate wealth for its aging population, but the question is whether politicians can deliver. The collapse of governments in France and Germany has created uncertainty, affecting companies' decisions on investments and operations, and making it harder to navigate trade tensions with China and the US. The EU's economy is expected to grow barely 1% this year, and consumer spending is hoped to lead a recovery next year, but the political climate may discourage consumption. By Giselda Vagnoni, Christoph Steitz and Joanna Plucinska (Reuters) - France and Germany's political crises are a setback for efforts to modernise Europe's struggling economy and are already making it harder for companies to take the investment decisions they need to compete globally. Government collapses in Germany and France - the big two economies that for decades have powered the European Union - come just as the region must navigate the return of Donald Trump
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