This morning has brought more warning signs for the Euro area economy. This adds to the backdrop where the PMI business surveys have been suggesting a decline of 0.4% for GDP in the quarter just ended.
EU politics
Norbert Häring: Pressure is mounting on Draghi and the G30
Is the European Central Bank President too close to Europe’s banks? Someone thinks so. Read here
Finance
Lee Fang: Uber CEO Admits Company Can Afford Labor Protections for Drivers
Dara Khosrowshahi told investors that Uber “can make any model work” in response to new EU regulations — a departure from the gig employer’s public stance. Read Here
Economics
DeStatis – Germany: Real earnings down 4.1% in 2022 year on year
Real earnings down for the third consecutive year in 2022. German workers once again supporting German mercantlism by accepting wage cuts. Read Here
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