The next four weeks will determine whether Europe¡¯s economy is facing a fresh crisis or simply a speed bump in its recovery.
That¡¯s how long U.S. President Donald Trump says his strikes on Iran ¡ª which have already killed Ayatollah Ali Khamenei, triggered a wave of counter attacks across the Middle East and sent energy costs surging ¡ª will last.
A lengthier campaign risks sabotaging the euro zone¡¯s fledgling revival while reawakening inflationary forces that the European Central Bank has fought hard to contain. A reliance on oil and gas from the region makes the bloc the ¡°most exposed major economy¡± to Iran spillovers, ING¡¯s Carsten Brzeski reckons.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.