Eurozone Growth Plummets to Four-Year Low

The Eurozone’s economic woes continue to mount as the latest PMI figures sunk to a 49-month low of 51.3 in December. Germany’s PMI also fell to a four-year low at 52.2, while crisis-ridden France entered contraction territory at 49.3.

The poor data comes just a day after Mario Draghi announced that the ECB was ending its €2.5 trillion QE stimulus programme. Eurozone interest rates remain at 0% – they have nowhere to go. No deal could well prove too much of a shock for the fragile Eurozone economy to take. The EU knows this but May’s weakness and her Government’s scandalous failure to prepare adequately for no deal means the UK is powerless to leverage this fact…

Euro News

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Quote of the Day

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”


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